CHFJPY - at the moment we are in the middle of the market and have nothing to do due to where the price is. We can however look for our next moves on this pair.
So we have marked out what to expect on this and where we will look to place our trades. If price continues up from here then we will look to place a sell at the support level 118.136. We can see from...
If you take a look at our previous outlook on GU you'd see we expected a bearish movement from the pair due to it reaching the strong downward trendline that we could see. However, upon checking on the DXY and the continuing strength of the £ we could see this pushing so as we had a sensible stop loss in place we did lose out unfortunately but now we look for new...
We can see that this pair is currently in a bearish run and pushing down.
At the moment there is nothing for us to do we just need to be patient and allow the market to come to us. When price reaches the bottom line we know from previous price action that this should reject at this level and see a push up. When the time comes, we will check out the stochastic and...
So, GBPUSD we can see that we had a nice bearish trend (which its still being respected) and also a bullish trend.
You can see that the bullish trend broke and then price pushed up. On the push up we can see that this retested that bullish level and also came in line with the bearish trend. Those two confluences alone we would have looked to enter this trade but...
All a bit of fun for a Friday evening!
GBPCHF however, is looking good for some shorts next week should we break this current bullish trend. We actually traded this pair this week as well due to some certain levels which I won't get to into on here but we made some nice profit this week.
You can see what we are looking for on this. Let's wait and see how the £...
Gold... the one pair everyone loves to trade but probably the one they lose the most money on! Why? because they don't enter in the right place.
This is our look on it. 1901.006 is a very interesting level we are about to reach.. if we reach it. It was our last daily strong level before it dropped. Now we could see price push to here and when it does we will...
NZDUSD, this is a good looking pair at the moment. We are currently consolidating on a strong daily level where we would expect price to normally reach here and then reject. We have witnessed a small rejection but we think that we should see more movement down before we look for our long (buy) positions.
If you take a look at how the daily level matches up with...
GBPJPY - has been showing a lot of bearish momentum these last few weeks and we can see this continuing down. We have found a nice are (marked in yellow) where price seems to push up to and then just reject. It isn't something I trade but it is kind of like a supply and demand zone. As soon as price reaches it's target it sells off.
Now, we can see this has...
CHFJPY - we can see that this pair is pushing back to a strong daily level which we have previously traded this week.
When price reaches the level of 114.328 we will look to place a trade off this strong level! This being in line with our stochastic shows price is getting to the point where it is being over bought so when we reach this level we will get into a...
