GBPJPY H4 Still waiting patiently for the pullback up towards our 155 whole number price, key support/resistance and retest of the latest blood bath. Certainly a confluence zone, GBP has been paying nicely over the last couple of weeks, so happy to wait for this and set alerts/pending orders.
GBPUSD H4 Approaching out 1.36 handle, USD has been offloading somewhat off the back of yesterdays sessions and continued throughout the early morning today, currently very bullish. Looking for possible reversals as we approach this 1.36000 to 1.36100 region, key resistance price, whole number with our weekly key level at 1.36040. Definitely a confluence zone,...
TSLA D1 Huge extensions higher over the last couple of weeks, aggressive and very one sided, we have seen signs of a pullback yesterday after we saw the results of Elon's poll. Still personally just looking for a retest of this 877 price at least. This would see us a healthy correction, retest a previous area of S/R and could be a zone we look to try and catch...
AMZN D1 Slowly rejecting this $3500 price here on Amazon stock, wick rejection on Friday close and then a bearish rejection during Mondays session. We have measured 3.5R down to the interim support/resistance price of $3185. A break of this support could take us down to 2950. Ultimately extending the reward potential to just shy of 6R.
EURGBP H4 Another GBP pair we are following, but we are a little distance from our entry point, huge rallies for this pair last week as EUR gains and GBP dipped due to economic circumstances and data point releases. 0.85 is a huge psychological number which we can look to play from that's played out nicely during recent trade.
USDWTI H4 We spoke and covered this during yesterdays webinar and also the technical rundown which we have just posted. A range breakout to the downside on two occasions here. Lower lows and lower highs have both been set. Really looking for a daily correction, a nice healthy correction to see WTI test maybe $70-72/b. Demand still high, but WTI corrections are...
ETHGBP H4 This bull run have been extending for a solid 5/6 weeks, a correction would be nice to pull us back into the mid 2000's, maybe £2500 to £2300 if we are lucky. Very clear and clean trend with healthy pullbacks, but nothing on a D1 pullback yet.
GBPUSD H4 Another trade hitting TP comfortably, identified the area of support for reversals, then forecast a corrective relief rally target, 1.37 pinned and rejected. Complimented by a hawkish outlook ultimately from the FED last night. Hopefully a trend setter going forward. Lets see our response to 1.36200 support.
GBPJPY H4 Followed this pair and also GBPUSD perfectly over the last couple of trading weeks, we have played amongst some large data points too, we have BOE up today to be aware of and also NFP figures tomorrow which are certainly going to throw markets around. Need to be vigilant and protect profits and positions across the board.
USDJPY H4 Wouldn't mind seeing a little more from this pair, we are resisting around that 114.200 price region, an area we are struggling to break but we are still climbing on the hourly/H4 timeframe. So until this structure breaks, we can still forecast bulls and trail stops.
EURGBP H4 Another really good opportunity here for EG longs, we sold off from 0.85080 down to around 0.84770, pulled back and then since we have seen the second wave downside. Hopefully we can find support around this region so we can look to execute long orders back up to that 0.85 region.
DXY H4 We mentioned that we are in unfamiliar terriory at the moment with DXY. We saw the extension higher yesterday off the evening events (FED). However, nothing too aggressive, possible corrections due, I'd like to see us push 94.500, pullback and then break upside on the next attempt as indicated. Whether we see a short term correction first (today), we...
S&P 500 D1 Fresh highs set here on S&P yesterday too before US stock market close. Significant gains and performance. The DCA instruments for new stock/index fund investors. The go to! If you're looking to invest your first $100, this is something I'd consider looking at!
Gold H4 The zone we had marked this weekend before market open seems to be seeing some sort of consolidation/resistance. I'd be looking for signs of price rejection between current price and $1800/oz. Pending orders for $1800 short could be a good consideration.
EURGBP H4 This performed perfectly, really good break and retest, was hesitant due to expecting a slightly larger correction, and for that correction to bring us back into structure, however we never saw that and that 0.84600 support price held nicely.
GBPJPY H4 Much bigger dump than expected, evident YEN strength over the eastern session, outperforming and correcting against the AUD too. Additionally, USDJPY looked to be seeing an upside break and retest before being upset by this YEN surge.
AUDJPY H4 Similar to what we have on GBPJPY, but as we mentioned multiple times on the rundown, AUD and NZD were the outperformers last week, and may continue that theme this week (break dependant). Simply waiting for a bullish or bearish breakout of this consolidation structure to warrant a trade. If we break downside, we simply look for something else, upside...
DXY H4 Expecting a larger correction here, we haven't exhausted from last weeks data point antics. Really want to pullback towards that 93.800 price (range box retest). From here, we know we will have seen healthy corrections, which removes the doubt of expecting them further down the line if we are to jump into USD bull trades.