(H4) - After a convincing break and close below 149.317 GBP/JPY failed to hold below and closed back into structure before retesting and bouncing (break out break back in). I am anticipating price to get back up to 150.128 to complete this consolidation however, we do need to be weary as GBP/USD is looking like sells all the way last. (M15) - Strong break above...
Just entered into my USD/CAD short position. Entered at the level we analysed from this mornings watchlist which I shared on here too (link will be attached below)
(H4) - We can see USD/CAD finally broke out of that range after breaking 1.27086 resistance. Had a really nice drive from this move and no we can see price has printed the higher high. Higher low has also been printed and now we are expecting the new higher high to be formed. Targets will be 1.28567 and will be looking for buys only unless price action suggest...
(H4) - USD/CAD still consolidating but we are printing a nice break and retest pattern. Ignore the spike of support on the 14/09/2021 @ 10AM this is just a false breakout but we see price retesting resistance forming a double top at 1.27003 showing a failure to break bullish and now this retest of 1.26430 (M15) - USD/CAD still looking very bullish right now!...
(H4) - GBP/USD printing some messy structure here falling back into that range. If the pound starts pushing bearish I would be mindful about taking any trades as GBP/USD reaches 1.38161 as this is a strong support level with a recent false breakout. (M15) - GBP/USD breaking support of 1.38324 for me personally I would like to see a retest of this structure just...
(H4) - GBP/JPY still holding below support after breaking the consolidation. We are currently ranging but I would expect price to break bearish and start pushing towards 150.598 targets. (M15) - GBP/JPY breaking the 151.195 support level I want to see price pullback up to this level so we can trade the new structure break down to targets of 150.857
Managed to bank a small +1R move this morning catch the pull back from the higher timeframe. Unfortunately, we did not manage to enter on the break of resistance for GBP/USD as we received no confirmations on our entry timeframe. HTF pullback Momentum into M15 key level Attempt to push higher and failing closing with a wick rejection Entered on the M5...
GBP pairs falling back into bearish structures and USD/CAD looking like its about to tank. Will we see this momentum continue into the london session?
Weekly outlook for the week ahead focusing on: GBP/USD, GBP/JPY & USD/CAD Determining directional bias, key levels and targets.
Starting to see that bullish momentum come into the session. H4 candle breaking resistance leaving behind a wick rejection into resistance, looking to close the H4 strong. Exactly how we forecasted yesterday. All USD crosses are pulling back to support but will we reverse?
Will we begin to see USD/CAD start to push that 1.27100 resistance level or is this a false breakout before we break back below resistance. Not the most ideal breakout and other USD cross pairs are still holding on a H4 key level so be mindful of that! What are you looking for?
Starting to see all quote USD pairs selling off heavy into the London session. USD/CAD breaking structure and looking to get back up to 1.28566. Are you taking action on this USD strength?
Markets seem to be printing a lot of false moves on the HTF's. Taken this trade purely off momentum and price failing to remain below M15 support at 1.37333 Price broke back within the range retested support (break out break back in) and once I saw the momentum I entered.
Are we going to start seeing some USD weakness come into the markets for the week? USD/CAD still consolidating within its range from the analysis posted on the weekly outlook so I cannot confirm a general market direction however, we are looking bearish as we push into that support area around 1.25793 With all the USD cross pairs breaking and closing above...
Are we starting to reverse? take a look at my personal opinion on this weeks bias and targets!
Morning technical rundown on the current setups I will be looking to take in the London session
My personal outlook on the market for the upcoming week.
Initial short bias from the weekly outlook has been disregarded. Clear bullish pressure is present in the market. Due to how heavy price is currently pushing to the upside I am happy to continue taking buys up to the next major high. Looking at a consolidating range on my entry timeframe (M15). If I see a clean break from this level I will be looking for a...