GBPUSD H4 Monster rejection H4 candle forming at the moment, around 10 minutes until this H4 candle closes. To see this candle close red would be amazing. Added another entry point short from 1.21, we traded this really well last week down from 1.22 region, these whole number on cable are playing out incredible, and have done for months.
GBPAUD D1 One of the more simple charts you can look to trade, left to right ranges on high timeframes. Reduces the amount you trade due to the higher timeframe, allows you, to lets the market do its thing. Measurable and consistent, good confluences and lots of opportunity to be taken.
GBPUSD H4 Now this is effectively what we are looking for on a lower timeframe front. Our higher timeframe has seen a daily confirmation, H4 timeframe would be great to see a structure break and retest to confirm a break of this H4 bull trend. Therefore, like mentioned before, leaving the D1 bear trend to take precendence
GBPUSD D1 As per the above video analysis, 1.22 support breach, followed by a retest of the underside of 1.22 (acting as res). Strong confluence stack like we have been discussing over the last couple of days. Really want to see price pull down south of 1.21500 to break the trend officially. And therefore see this D1 bear pull see another wave.
DXY D1 Still working from these higher timeframes, the trends are very evident, we can't help but notice the higher structure HL's/HH's. We have a sequence of earnings figures for US stocks and this has a knock on effect with the DXY and XAU. Fuelled by FED rate and FOMC comments... We have seen dollar pullback. However, things data points and risk headlines...
GBPUSD H4 Still trading south of 1.20, therefore using 1.20 as key resistance. Strong confluence zone as already annotated. GU is practically the mirror image here of DXY. A nice 40 pip drop early morning rejection 1.20 when markets opened. Looking to see some resistance yet again, and some driving volume to sink cable.
DXY H4 As long as we are still trading north of this last area of H4 demand, we can look to catch dollar bid, GBPUSD shorts from 1.20 specifically is on the horizon. Weekend volume causing that bit of chop we see, but hopefully this double bottom structure we see may see dollar reverse and continue it's bullish trend.
USDWTI H4 Another bearish wave incoming as we have just seen a little spike in the USD taking us above 107.00. Little bit of support incoming at $96.50/b. But near term targets still sit at lows of $90/b.
GBPAUD H4 Little bit messy here with this pair, but we have also seen evident AUD strength in line with recent trade. Support at 1.75 has seen a break, we are simply waiting for a correction to this 1.74750-1.75000 region to look to jump in with the next wave short. GBP not looking to great in current climate.
GBPUSD H4 This 1.20 handle has been holding out really well for us, and have offered many trading opportunities (mostly shorting) in line with dollar strength. Evident b2b hikes with risk flows and global trade fuelling dollar bid. Small correction seen over the last week or so, but still very much on track for further dollar extensions. Cable expected to see...
DXY H4 We have been pretty spot on with the dollar performance, marrying up correlation fundamentally and technically. Refer to the FX technical rundown for more information. This has really helped identify handles to trade from amongst other USD related pairs, especially cable.
GBPUSD H1 This is what the next entry would look like if we were to trade from that 1.26 whole number, we have seen a pullback to 1.26200 which ties in with previous R/S. But that whole number is typically the play we want to catch. It makes more sense based on fibs, whole number, S/R and demand.
Gold H1 Lower timeframe here than usual, but looking at the hourly trend on gold here. We have this morning just set a fresh high and close on the hourly after resistance that 1855 price for a little while. Higher timeframe (H4) is targeting that $1900/oz as mentioned in the DXY analysis above. Trying to marry up H4 and H1 trends simultaneously.
DXY H4 So far moving pretty much as expected, we have had this assumption and market bias and expectation for a little while now, and it's starting to unfold. Lower low and lower high structure trend, with the exception of FOMC Wednesday. Hopefully we can see DXY fall too 100.00, gold push to $1900 and cable 1.30.
DXY H4 Here goes the dollar support break we have been anticipating, expecting USD bears and therefore gold bid and cable bid today. We must be aware of the housing figures etc for the USD later on today, some short lived effects likely.
Gold H4 Played out exactly as expected after posting yesterdays analysis, would have preferred to see a larger breakout, however, with the DXY break and bullish gold sentiment, I feel this is what we could see today. Eventual targets of $1900/oz. One step at a time, one high at a time...
GBPAUD H1 Another 3.6R seen from this setup we posted yesterday, and instant response to that resistance price. Pip perfect close and open, active hourly candle is selling off aggressively.
AUDUSD H4 Looking for something similar to this to try and bag our next long entry. Responding to the area of supply and resistance dated 05th May. Looking to break above this active trading zone, support retest before then taking off to our eventual target of 0.72500.