EUR/GBP (H1) - Potential break and retest forming on the hourly time frame to complete this bullish structure. Looking at the M30 to monitor any shifts in momentum.
GBP/AUD (H1) - Break and retest coming into play after price broke the bearish trendline. New high has been set and we are starting to reject coming into this key level. As long as price maintains this key level for the hourly close I will be scaling down to the M30 timeframe to look for long entries. Confluences can be found detailed within the chart.
Good morning traders! First pair on my watchlist for today is EUR/JPY. Looking for a break and retest with a wick rejection around this key level. Price has recently broke the trendline and started to set new bullish structure.
Consolidation has recently broken setting new lows. We now have price pulling back rejecting of the trendline annotated on the chart. We has a good wick rejection from this bullish candle coming back into the key level that may grant us a potential short entry. The levels indicated are not my actual entry. I will be waiting for one more bearish candle close before...
Good morning everyone! Hope you had a fantastic weekend and are ready for another productive week. (H1) - From my weekly outlook I was expecting price to break resistance around 1744.693. Price failed to break higher and resulted in a double top. We then broke support to give us more confluence into a bearish market. I will be waiting for an hourly close to...
Price currently consolidating after breaking new lows, will be waiting for price to break out and retest before scaling down and looking for entries.
Potential short opportunity on EUR/USD. A lot of confluences listed in the description on the chart. I have set my entry level (which may change) to make sure I can go breakeven before price reaches the next low. If we close with a nice engulfing candle I will be taking this trade, no economics that may interfere with the trade.
Good morning traders, fairly slow start to the week as I expected when I was completing my weekly watchlist. A few pairs are extremely over extended so majority of my week is going to be waiting for them to have a correction before I try to look for any entries. I have my eyes on a few potential setups which I will update you on as they develop further.
Apologies everyone, I forgot to publish this trade earlier this morning, been really busy doing some web development updates for our website. However I have just come back to see a nice risk free trade secured for the day. Will have to see how price reacts around the current high. (H1) - Break & Retest - Bullish trend. (M30) - Double bottom, wick rejection,...
Good morning traders, we are kicking off the morning with a potential break and retest for the pound/ dollar. My ideal entry has exceeded my maximum stop loss level so I will be waiting to be triggered in with a buy limit. *Please do not enter this trade without analysing the pair yourself in accordance to your trading plan and set rules.*
Good morning traders, been a slow start to the week on my end, markets seem to be overextended on majority of the pairs. Going to remain patient and wait for setups to align.
Just a little update on this mornings analysis I closed out 50% of my position around 1:1 ahead of US data at 13:30 and rolled my stops to breakeven. We managed to survive with little to no reaction which is always fun and now we are approaching 1:2.
Another double bottom being traded on GBPUSD. Good wick rejections around this key level. I am a bit concerned about USD data coming at 13:30 (UK) so hopefully we can manage this trade to breakeven before that time comes.
Open trade from this morning currently locked in at 1:1. Strong bullish momentum set on the hourly showing higher highs and higher lows. I decided to monitor this double bottom on the 30m as I believed price would not come back to retest previous structure as we had a strong wick rejection on the hourly. As you can see price faked out before breaking back in with...
Morning traders, Hope everyone is having a fantastic morning. I thought I would share a pair that has been sat on my watchlist all morning. I have been monitoring this pair for the last 2 hours and seen that price has started to present bullish structure. We see price creating higher highs and higher lows. I am expecting price to hold the retest level marked...
Good morning traders, hope you are all having a fantastic morning. Just recently entered my first position for the day. (H1) - Mini structure break and retest in between the current high and low. Should see continued bullish momentum as we have just recently come off a strong double bottom. (M30) - Nice strong rejection coming into the key level followed by a...
EUR/USD following suit with GBP/USD. Price absolutely rocketing towards that take profit after a pretty sketchy entry. Again price exceeded my maximum stop loss so I had to enter with a limit order instead of an instant execution. Currently locked in at 1:1 risk free with 1:2+ running. (H1) - Break and retest similar to pound dollar, nice wick rejections. (M30)...
(H1) - Break and retest on the hourly timeframe price pushed nicely into the key level and rejected with a wick. (M30) - Nice double wick rejection at the key level, missed the initial entry so I entered a buy limit to catch a wick entry and luckily I was triggered in. I like to limit orders to get ahead of indecision candles to catch potential bursts in...