brad_wp

brad_wp

Looking at this pair we broke the weekly key level and we are yet to still retest for further downside on this pair. So there are 2 potential setups in play on this specific pair. Patience is key. Lets hold out until we get further rejection from the lower support levels before entering the long position. Once we have a solid retest and rejection off our weekly...

brad_wp

Hi Traders.. So the end of the week is upon us and the GBP strength has upheld out important weekly level. With JPY bad gdp data the GBP looks the better option for this week going forward. As we closed this week with a pin bar , we can expect the weekly candle to be filled in thus expecting a decent move to the upside. Awaiting confirmation in our lower time...

brad_wp

Clearly we had an break of the strong monthly resistance level Awaiting retest and rejection of this level before entering a long position.

brad_wp

As we have retested the monthly resistance this week once again , we still remain bullish unless the current trend line is broken and retested. Forming a H&S pattern would give added confluence to the downside. Sitting on my hands for now until all rules are met.. Enjoy :)

brad_wp

Clearly we have a H&S which is in the process of playing out. Awaiting retest of the Neckline for further continuation to the downside giving us a great risk to reward ratio.

brad_wp Updated 

GBPAUD currently making LL.. Anticipating a retest and further rejection of the monthly key level for a move lower on this pair.

brad_wp

Break and retest of the current trendline in play.. Looking to short should the proper reversal signs come into play.

brad_wp

As we make our way back up the S&P500 we can clearly see that we are approaching a strong key level. We await price action to determine whats next for this Index. We could possibly experience a slight reversal before eventually breaking this level in the short term. A break above would see bullish continuation. Exercise proper risk management :)

brad_wp

With our rejection off the Fib 71% level and now break of the CTL we can expect further downside movement on this pair. Exercise proper risk management if you have not yet entered this trade. :)

brad_wp

With our analysis still in play we look to see if we can get a lower rejection for entry of our long position. Exercise proper risk management :)

brad_wp

GBP strength clearly on the up after our trendline break/retest. Targets calculated based on our Fib retracement levels. Multiple rejection of the 50% Fib level. Exercise proper risk management please :)

brad_wp

Clear break of our trendline after rejection the monthly low closure. I'm expecting a little downside of this pair to form thus enabling the inverse H&S to complete. This will give us more confluence to the upside. Lets see how this setup executes :)

brad_wp

As we had a clear retest of the monthly resistance key level , we await a clear retracement to give us a nice entry on this pair. $ weakness and CAD strength gives us the opportunity of creating a HL.

brad_wp

Possible H&S Pattern in play with $ Strength providing movement. Hopefully we get a pullback to complete pattern and enter our shorts on this pair.

brad_wp

With our previous analysis on this pair hitting SL it is quite clear that we are over extended. Ultimately I would like to see this pair retest around the $30 - $28 mark for further upside progression.

brad_wp

Nice bullish reversal off the 61.8 level on our Fib. Waiting on a break / retest of the wedge to confirm the uptrend. Targets as published..

brad_wp Updated 

After a few weeks of consolidation and retesting of the monthly zone we now look for a break above and retest. That will also align with the H&S pattern depicted. Extension of our target to be updated.

brad_wp

At the moment EURJPY is ranging. In order for the uptrend to continue , we would need to see a daily bullish close above 121.000. This should give us momentum to complete the H&S pattern as depicted. Entry would be on the Right shoulder ( high risk ) and on completion of the pattern for more upside movement. This idea remains invalid until all reversal parameters...