About meI am a self taught forex trader, with 3 years experience. Currently I am trading a proprietary account at Samuel & Co. All my analysis is done from a technical point of view and I analyse all major forex pairs.
Higher time frames are showing weakness in the pair giving us confidence to take a 2:1 targeting the recent lows with our stop loss nice and safe above the R1 Pivot.
If price breaks through the recent low aggressively I will hold the trade until we see bullish price action coming into play.
Yesterdays long position I posted hit TP during the Asian session.
Going into the London Session we have seen a pull back to resistance now turn support 1.25406 - we are now seeing a rejection off this level which is also todays R1 Pivot giving us more confidence that this pair is heading for 1.262764 as mentioned in my last post.
If price continues to show...
FX:AUDUSD In my last post about the Aussie, I made the call that we were reaching for 0.63400 2 days later and TP was hit giving us 180 pips.
If you look closely in my last Aussie post you will see I have a pink line at 0.64638 which is my overall target for Aussie until I will expect this pair to turn around - however if price does break this level and then...
The US is really seeing a hard time as they now expect storms. America becomes the first country to see more the 20,000 deaths with the death toll at the time of writing at 22,106.
Going into the US Session we could see the a repeat of the rally we saw in the London Session - reaching for todays high.
I am now waiting for more price action in the red...
As mentioned in my last post we were expecting to see bulls come into play during the NewYork session and essentially reaching TP.
Going into London close we are starting to see consolidation on 15m just after that break of the r-1 which could be a sign that were losing momentum and giving us a pull back down to 0.603819.
The Aussie has created a new Higher Low on the Daily time frame giving me confidence that we could see this pair rally. I am now waiting on price to retrace back down to 0.61570 which we could see happening going into the Asian session - once I see price action reject 0.61570 I will be targeting 0.63400 1h resistance.
NZDUSD has been hugging the 50ema on the 4h but now we have got that clean break with a bullish trend line break.
1H chart we can see that break of that bullish trend line - we are now going into the Asian session and we have our pull back up to 4h ressistance coinciding with todays Pivot.
USDCAD bulls have shown strength - during the London open we saw a bullish run and now during the US session we are now seeing a retracement.
I am now looking for price to reject 1.3303 - 1.3302 - I will then be waiting for price action to give me an entry.
Bulls have started this week setting their position in the market I will now be looking at 2 levels for an intraday long. 120.833 & 120.670.
I will be waiting for price action when price comes to these levels.
Things are looking good for the UK as the both the UK and EU are finally closing in on a draft deal. Are they coming to the realisation that they have to come to a deal?
We have broken 1.26652 confirming bulls.
Major support 1.26652 - 1.26500
Bears have established their position in this market, with market structure being broken by breaking lows.
We are now at an area of major support as mentioned in my last GBPUSD post this could now give the pair the bullish strength it needs to rally to 1.24200 to give us a short trade.
We could however break this support level which would leave us on the...
With GBP losing its bullish strength by the end of last week, it makes EURGBP interesting.
Bears do seem to be controlling this market at the moment and we have resistance @0.88466, but, with GBP weakness we could see price rallying up to 0.88855 to then carry on its decline.