Andytrades2

Andytrades2

GBPJPY continues to look strong around an uptrend and weekly key level.

Andytrades2

USDJPY continues to consolidate back into an ascending channel , the short term correction looks healthy for now, the uptrend remains in place, awaiting a break. Levels represent some close levels, mainly on the weeklies. Picked out many more levels but adjusted and removed many afterwards to identify the main areas the current price action is paying attention too.

Andytrades2

GBPUSD continues its trajectory upward within a channel following a weekly downtrend breakout.

Andytrades2

Note to self, "extend right line" trend lines tend to mess up a lot. Accelerated trend since ATH break has been refreshed, looks ready to move after much consolidation.

Andytrades2

Bitcoins volatility is ever decreasing in this consolidation pattern. Looking for this to change soon.

Andytrades2

The EURNZD is quite bearish at the moment, but in an area of massive support. Below 1.643 the downside could be great. But the upside looks equally tempting if this gets above 1.728.

Andytrades2

DXY is clinging on above trend support with strong resistance overhead. A familiar and favourite chart pattern might be emerging too....

Andytrades2

USDJPY looks very bullish, unfortunately did not hold above my long term downtrend break, looking for a bounce off horizontal support to then get back above the long term downtrend and back on the march North again.

Andytrades2 Updated 

GBPJPY bounce off the previous weekly low horizontal support as well as uptrend channel. The entry was London 14.04.21, which put in the higher high after short term downtrend trend breakout, admittadelly closed below previous 8hr and since consolidated, appears to be in a bullish flag formation but holding above the long term uptrend

Andytrades2

NZDUSD is looking the most bullish of major pairs right now, one to watch.

Andytrades2

Very interesting megaphone formation, this is the pattern since the taper tantrum flash crash something or other back in 2018. Stay away.

Andytrades2 Updated 

Uptrend since the price acceleration in October, few months after halving. Autumn 2021 looking for cycle top.

Andytrades2 Updated 

Yeah, it looks pretty bullish.

Andytrades2 Updated 

AUDUSD continues to consolidate on a weekly resistance trendline, the 8hour is turning bullish again from neutral.

Andytrades2 Updated 

The DXY is trading back into its bear flag channel since catching a surge on a failed breakdown. The previous higher swing low could yet give a bid from almost the centre of the channel. See below for an 8hr, as the DXY gave a great breakdown, retest and lower leg candle off the upper bear flag line turned resistance.

Andytrades2

With stimulus and money flowing it is easy to understand why we are where we are, but the many VERY large uncertainties make this a bit hard to read right now, the best thing for the market would be sideways so i don't see much risk to reward available right now. A correction might change me from neutral.

Andytrades2

Looking for 94 to flip to go bullish again. With Stimulus round the corner would'nt be suprised to see a pullback on the DXY, it could be a long way down. Find the right USD pair to trade.

Andytrades2 Updated 

Firmly in the no trade zone, Yes a H&S broke but it looks like it could get choppy from here if the inner wedge holds support. Choose carefully the USD pair to play. If it breaks out to the upside, i would be looking for it to flip some horizontal resistance around 92.5 in addition to the wedge breakout to go bullish.