NickLindleyFx

NickLindleyFx

I am preferring a short play on the AUD/JPY with the technicals looking strong to favour this bias. On the daily, Price looks to have set in play a new lower high, with a current strong bearish candlestick forming from the end of last week. My short bias is further strengthened with a technical strength score of -2. Although the SMA's (green and red) look to...

NickLindleyFx

To me, looking at this pair on the weekly, the previous bearish trend looks very unconvincing and has lost its strength to keep creating new lows. It seems price has changed its trend after breaking the highlighted, previous lower high and then forming a new higher low structure. Lasts weeks candle closed strong. A bullish engulfing candle, breaking short term...

NickLindleyFx

In the past I have been long term bullish on this pair. However after last weeks weekly close it looks like price could follow its long term down trend and once again create new lower lows. On the daily, price has broken a short term daily bullish trend, as price now trades below the previous higher low (coinciding with the blue line) this coincides with a...

NickLindleyFx

Looking through the weekly chart, AUD/JPY looks to have began a new bullish trend after creating new higher highs and rejecting further lower lows. Price has retraced after creating higher highs and rejected the 50% fibonacci level as highlighted on the left. This was supported with a technical strength score of +2. Looking closer on the hourly chart, price put...

NickLindleyFx

Zooming out on the weekly for this pair, it has rallied for some time with little pullbacks. After price pierced above 0.74600, last weeks candle short lived this by forming a bearish engulfing candle and failing to maintain price above this level. Heading into the above 4 hour time frame, bearish structure looks to be forming as price has been putting in play...

NickLindleyFx

Originally on this pair I favoured a bullish run after price formed a doji on the weekly support of 1.6300's However this was suddenly cut as this weeks candle closed as a very bearish doji, indicating we are due a further leg down. On the above daily, I can see consecutive lower highs forming with price looking to put in place a 4th lower high after sharply...

NickLindleyFx

Going through the charts today I spotted this potential short set-up on AUD/JPY. On the weekly, price has pierced above 88.000 level but has sharply rejected to maintain a bullish rally above this level, this could indicate bulls are exhausted and this pair needs to see ap pullback before going higher. Price has broken a consistent bullish trend by breaking...

NickLindleyFx

Looking at this pair I favour a short term bullish run. On the weekly we have broken bearish structure by breaking the previous lower high. We have also retested and rejected the 1.6300 key level which has been confirmed with a daily bullish engulfing candlestick of this key level. Zooming in on the hourly, price is currently trading above the 50ema after...

NickLindleyFx

I like the look of this potential short play on AUD/JPY. on the weekly chart I can see a wick rejection of the 88.000 Key level - coinciding with the previous high. Although this level has been broken on the daily, the bulls on this pair seem to be exhausted and this potential setup looks valid on the 4 hour chart. Price is currently trading below the 50ema,...

NickLindleyFx

Breaking down USD/JPY - this set-up really caught my eyes on the 4 hour chart. On the weekly time frame I saw price reject the previous high, creating a double top. Not much caught my eye on the daily. Zooming in on the 4 hour chart, things started to link together. I can see a current, short term downtrend and my bias is currently short on this pair with a...

NickLindleyFx

Breaking down this pair, I saw this nice setup form on the daily time frame. Price looks to have put in play the A, B and C pattern ready to rally down and complete the D leg. I can see a daily bearish engulfing candlestick has formed after some daily fibonacci rejection. Zooming in on the 4 hour and hourly time frame, we still have not broken and closed below...

NickLindleyFx

My long term bias on this sterling pair is bullish, I think we will see a sizeable retracment from the previous rally down. On the above daily chart, I have spotted a clear uptrend, highlighting the Higher highs and Higher lows. I think we could see this potential retrace back to the 4hour lower high which coincides with the 50% fibonacci level if price decides...

NickLindleyFx

AUD/JPY is a pair I have been trading a lot recently, with good success. My long term bias for this pay is bullish and breaking down price action I think we are looking to create a new Higher High however I think a safe target is the 88.000 monthly key level. Although my bias is strongly bullish for the upcoming week, for an entry I must see a retracment on the...

NickLindleyFx

This long bias emerged throughout last week, I posted this same set up (better entry) on Instagram ,@nicklindleyfx, after noticing it Thursday. Heres my breakdown: On the above chart (4 hour) Its easy to see a break of the previous lower high following AUD/JPY's recent bearish trend. This break came after price put in play a valid, long term, higher low on the...

NickLindleyFx

I like the look of this potential long entry opportunity. This pair has multiple bullish confluences across every time frame. The Australian dollar scores strong on my cross pair comparison, with the yen scoring weak. This strengthens my bullish bias. my analysis across time frames formed the following views: Weekly: The 83.00 weekly support level looks to have...

NickLindleyFx

On the weekly chart, I see a potential long term fib play to the downside forming, however we must not ignore the fact price has created a new higher high (a bullish formation). With this in mind I have zoomed in on the 4 hour chart to produce the above chart. Price had been consolidating within a wedge formation after touching a longer term fibonacci level, we...

NickLindleyFx

Perfect bullish confluences on the above weekly chart to suggest another test of the 0.7700 level which has held as key resistance for some time now. Price has seemed to of rejected further downside as higher lows have been forming, and recently we have seen a further higher low forming on the highlighted 61.8% fibonacci level, confirmed with some strong bullish...

NickLindleyFx

I see a potential down leg on USD/CAD to touch the 1.33800 key level. The weekly chart, for me, seems very bearish with the bullish trend becoming very choppy. On the 4 hour chart above I can see a double top forming with price reacting of this level and crossing below the 50ema on both the 4 hourly and hourly chart. On the daily price has formed a strong...