#GBPJPY On the weekly, price formed a strong channel and it’s being respected on all lower time frames. Price has pushed downward after reacting to a rejection of a daily zone which also line up to the recent down trend. Drawing a trend line downward from the recent Higher lows we could see a push upside for a retest of the trend line again. Which is another...
USDJPY On the 4H, trading within a channel and recently broke the channel, now it’s retesting the channel ceiling. Looking to trade this of the channel with momentum to the upside. Price may return back into the channel but if it respects the weekly S/R level near 110.456 we should see a buy to the next zone near 111.424 However if price fails to respect the...
USDCAD On the weekly moving in a down trend On the daily we formed an inverted head and shoulder and in the middle of forming the right shoulder pushing down. The move started after a rejection from a weekly zone. Price on the 1H chart is near a daily zone about 14 pips away from entering that zone. I would look for the pair to continue to push down only...
Still trying to add up all the pips on this trade!!!! Took setup on GBPNZD and NZDJPY, both paid bills on those trades!!! Took a setup earlier on NJ on the 5M chart but the move was based on the 8pm release!
This setup looks great for a new setup trade strategy. The GBPJPY pair moved between a range of 128-251 pips on previous days we've had the following factors: Gross Domestic Product (GDP) Manufacturing Production m/m On this date, however, we'll also have two other releases to add to the volatility of this pair: Prelim GDP q/q Prelim Business Investment q/q
This setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 36-188 pips on previous days we've had the following factors: Gross Domestic Product (GDP) Manufacturing Production m/m On this date, however, we'll also have two other releases to add to the volatility of this pair: Prelim GDP q/q Prelim Business Investment q/q
This setup looks great for a new setup trade strategy. The GBPCAD pair moved between a range of 103-297 pips on previous days we've had the following factors: Gross Domestic Product (GDP) Manufacturing Production m/m On this date, however, we'll also have two other releases to add to the volatility of this pair: Prelim GDP q/q Prelim Business Investment q/q
This setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 33-188 pips on previous days we've had the following factors: Gross Domestic Product (GDP) Manufacturing Production m/m On this date, however, we'll also have two other releases to add to the volatility of this pair: Prelim GDP q/q Prelim Business Investment q/q
This setup looks great for a new setup trade strategy. The GBPEUR pair moved between a range of 36-188 pips on previous days we've had the following factors: Gross Domestic Product (GDP) Manufacturing Production m/m On this date, however, we'll also have two other releases to add to the volatility of this pair: Prelim GDP q/q Prelim Business Investment q/q