Dead market conditions for the last few days with majority of the pairs I trade sat in ranges. Currently only looking into USD/JPY and AUD/USD as they have the cleanest price action. Could see a potential double top being formed here on the M15, just need to wait for the momentum to kick in, if price fails to hold this level I won't be looking for buys.
Strong momentum coming into the M15 key level with strong wick rejections to the upside. Entered on the break of the break of the previous M15 close (low). Anticipating the H4 momentum kick in and push price down to create the next continuation phase.
Breaking above structure, setting higher highs now could we potentially see price start to climb up to 0.72700? Could see a good opportunity to capitalise on buys.
Happy new year, yesterday was my first day back to the charts for the new year. Hope you all had an amazing Christmas. Kicking off my first post of the year with this GBP/USD set up. (H4) - We are pushing into resistance on this pair for the 3rd time and I am expecting price to break out, regardless if this is a true or false breakout we can hopefully pull some...
GBP/JPY (H4) - price starting to break support here. With how bearish this candle is looking to close expect heavy momentum with little confirmation on the break. GBP/JPY (M15) - last M15 for the H4 close is starting to break the support area. if we close below support I will be expecting the next H4 to have a slight pullback which may be as small as a wick...
EUR/USD (H4) - Seeing a directional bias change here. Trendline broken new higher highs set and now anticipating the next higher high to form on the break of resistance EUR/USD (M15) - intraday trendline formed and price creating textbook structure here. I will be waiting for the retest after the break as momentum is not as volatile as other pairs.
(H4) - Bearish break of 152.500 with a solid push to the downside. We have approached a level of support centred around 150.800 which is failing to break. (M15) - Price has began reacting off this support level as expected and now we are seeing strong momentum come off the area. I don't think we will see a break today but we could potentially start consolidating...
(H4) - GBP/USD - seeing price pushing bearish nicely now as long as we break below the wick fill of 1.33846 then we should see that extension down to 1.33573 (M15) - GBP/USD - Strong evidence to suggest that price is going to continue out of this support level of 1.33846. Lower high created, double top pattern and strong momentum off into support. If we get some...
(H4) - Price forming bearish structure creating lower lows and lower highs, we have approached a level of support around 113.783 which we do need to be mindful of. Previous candle closed as an indecision showing no control from buyers or sellers. Based on this candle we could see the next push phase begin here (we are also sat around 618 fib level). I expect price...
USD/CAD (H4) - don't be fooled with price breaking out of consolidation, the range has just extended to that fake out and has not clearly broken so we cannot target buys with the HTF direction until price breaks 1.24286 USD/CAD (M15) - similar to GBP/JPY we are in this consolidation, ideally I will want to target sells on the break of 1.24156 which could be a...
GBP/USD (H4) - price currently retesting the previous lower low which could be forming a break and retest level, if we hold strong then we could look for sells back down to 1.36058 however if the retest fails we will be targeting small R/R reversal trades back up to 1.36510 GBP/USD (M15) - we can see the break and retest pattern in affect here. Price has retested...
GBP/JPY (H4) - price currently floating around in this range, we are still maintaining bearish structure on the H4 and we have multiple wick rejections to the upside showing price to break higher so I am leaning over to sells more than anything but if this changes I will adapt to the market with plans for buys. Targets for sells will be 154.742 and buys...
A beautiful morning here on GBP/JPY. +2R position taken from this mornings analysis executed live with the community!
USD/CAD (H4) - Still not left this consolidation but price is showing very bullish. I will still be waiting for the break of 1.24030 to look for anything major but we do potentially have a nice trade for a small R that we can take up to resistance. USD/CAD (M15) - Price has broken out of resistance of 1.23847 if we get price retesting this level then we have a 18...
GBP/USD (H4) - weak break out of support of 1.36713 and price has found new support of 1.36510. We have formed and hourly double bottom but I don't believe this will hold and price should follow suit bearish with GBP/JPY. Just need to wait for the break. GBP/USD (M15) - Very messy structure here so just bear with this one. Try avoid the noise and just look for...
GBP/JPY (H4) - Finally broke through that support level of 155.993 with really strong momentum and have just closed below the next support to with the last H4 candle, momentum has not continued from the break of 155.380 but price is failing to break back above which is showing good signs of continued sells. We could just be seeing a retest before price continues...
USD/CAD (H4) - been sat within this range since the 18th of October. Hopefully this week we should see either a break of resistance at 1.24030 or a support break of 1.23156 either way until then I would be very wary about executing any trades for now. We do however have a break and retest pattern of 1.23756 which does suggest that we could see a break of...
GBP/USD (H4) - sat on support here at 1.36713 we are consolidating along this level with multiple wick rejections coming in pushing price down. Usually when we see consolidation on support/ resistance it is usually followed by a break. We could also see a retest back up to 1.37229 so just be mindful of that!