WFFX

WFFX

Evening traders, we are seeing Dollar strength this week. EU broke upward trend line, now below the daily 50ma, broke the 1.207 level acting as support and now printing a lower low. Looking for the next impulse to the downside following a retracement.

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USDCAD another pair at an area of interest, looking for further downside with this one with the third bounce off the trend line and printing a daily bearish engulfing. Price has definitely slowed down over the past couple of weeks and been consolidating but with this bounce off the trend line we could see bears come back into the market and head to the downside.

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Evening traders, moving into an interesting week some pairs at some really good levels and could be a busy one. USDJPY printing a daily higher high and closed sitting right on that massive weekly support turned resistance level of around 104.630 which I think price will struggle to break. Still sitting below that Daily 200ma but has now convincingly broke above...

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Morning traders, we've now had a break of support, trend line and we're now heading down to the higher time frame upward trend line and waiting to see how price reacts. Will we get a break of a continuation to the upside? lets wait and see, waiting for confirmation of rejection or a break.

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Morning traders, a quieter week for me, with only a few pairs lining up for what I like to see. USDCHF looking like an interesting pair, in a nice downtrend at the minute, for longs I'm going to play this quite conservatively, needing to see price break the daily 50ma and form a higher high indicating a change in trend, there are some early indications that we...

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Evening traders, another one on the watch list with potential intra day opportunities for shorts as price has now broken out of the upward channel, formed a lower low, and I am now looking for the retracement to form that lower high where I will look for shorting opportunities. As price comes down further and interacts with the higher time frame upward trend line...

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Evening traders, a couple on the watch list but waiting for a little more development from a few pairs, this looks like a nice set up following a break of the upward trend line, looking for the retracement and on the look out for reversal candle stick patterns at key fib levels. Lets wait and see how price reacts as it moves up to the previous level of structure.

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GBPJPY is at an area of interest with the fifth test of the higher time frame downward trend line, and a 4th test of the smaller channel. Very interested to see what price does from here. I'll be keeping an eye on GBPUSD to see where price may go. Waiting and watching for now.

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Morning traders, hope we are all having a good week so far, a quieter one today I think, only a couple of todays watch list, This idea needs a little more price development so may be one for end of the week maybe even going into next week. Looking for longs for AUDUSD I believe is sensible, we a bullish daily time frame, with a recent higher high, price has...

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So I'm finding GU very interesting at the minute and I wouldn't like to bet on where its going next, on the hourly and 4 hourly we can see price break an upward trend line and form a descending triangle, meaning most traders are looking for a bearish push to the downside, but if we look on higher time frames as we can see on the daily, we can actually see a daily...

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Another one on the watch list, in higher time frame analysis, price has broken out of the upward trend line to form a lower low, price has retraced and is now re testing the downward trend line for the 4th time, I am anticipating a large bearish push to at least retest previous lows of 115. Lets see how price reacts, hopefully some good shorting opportunities...

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Evening traders, liking this set up, looking at further downside movement. If we look at higher time frames we can see price broke downward of the upward trend line, we then began to form lower lows and lower highs on the 4 hour time frame, we have a previous level of support turned resistance and a 4 hourly 50ma rejection. A couple of set ups on the cards for...

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Afternoon traders, really like this set up for this week, 4th touch of top of the channel, with a 4th touch of the support turned resistance. Lets wait and see how it pans out. Lets have a good week.

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Evening traders, with this week coming to a close, that's me done for this week, interesting day with NFP and unemployment out. A one for next week, with DXY breaking out of the downward trend line and printing a higher high, this looks a good set up for further downside. Have a good weekend, remember to get your journals up to date and assess your trades. Lets...

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Afternoon traders, interesting one for today with the end of the week quickly approaching, could we get a push up to the top of the channel to form that third touch or are we going to fall from here? I prefer the bullish push to make that third touch and then a push to the downside. Before taking any trades I would definitely be analysing DXY to see how price...

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Evening traders, really shaping up nicely for further upside movement. Look for candlestick reversal patterns on lower time frames, we've broke the downward trend line and have been printing higher highs and higher lows. I'm anticipating at least a retest of previous highs at the 1959 level, with a possible break or rejection so keep an eye on a reaction. Plan...

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Afternoon traders, looking at further downside movement for CADJPY following a lower high, rejecting the 0.5 fib. Some key points on the chart, but remember best indicator is the candles themselves. Lets see how this 4 hourly candle closes. Waiting and watching.

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Nice set up here with a plan for a push to the upside or a bearish break out move, I like the bullish move, but we have had an hourly double top with a break of the low and therefore an hourly lower low, so lets be aware of the reversal signs. We plan for both possible outcomes, we then sit back and watch, happy trading.