It is obvious GBPUSD is still in downtrend on day chart, but it may keep going up for retracement above 1.5243. Therefore, for intraday trading, I will be looking for long trade when price breakes out the resistance level, but I have to be very cautious and sensitive as it is against the day trend.
Oil pairs had a huge growth yesterday. Now Brent Oil has a better trading space than WTI Oil in day chart. I will wait for a retracement (price on H1 at least test 15ema), then look for long signal. I won't take any trade if price goes up without any consolidation as it has gone such a long way up.
Following the plan made last night, I entered this long trade when price breaks out previous high. Price goes quickly and hits my target at today's ADR very soon. I choose to close this trade and finish today's trading, but it may go up more.
GBPAUD short trade was taken following the trading plan. It may be a good idea to close half position like it is shown on chart and keep half for more profit.
AUDJPY up broke out in this early morning. A long trade was taken following the plan.
AUDJPY price broke out H4 resistant level yesterday. I will wait for a high-pro long signal around 85.52, but notice possible horizontal resistance and trendline resistance.
GBPCAD ended with a weak candle yesterday. I will keep looking for high probability short signal today but I will be very cautious and move SL sensitively, as the price has gone such a long way down without any retracement on H4 chart.
GBPAUD down broke out day support level. It looks the price will test resistance level before it keeps going down. I will look for short signal today on lower time frame.
USDJPY price may up break out the day trangle pattern. I will look for a high probability long signal above 120.55 after consolidation.
GBPUSD was resisted by 15ema with poor PMI data, and the price went below the support level. Today I will look for high probability short signal on lower time frame. Be sure that SL is moved to BE when the price reaches previous low.
GOLD was pushed back @ 1141.8 yesterday, I didn't take any trade as the SL is too high when the price broke out. There is an important horizontal resistant level here. Today I will wait for the price testing 1141.8, and then look for breakout signal above 1141.8 only with small SL.
As planned last night, GBPCAD goes down today. I entered this trade when price breaks out previous low, and close it as it reaches today's ADR. This trade is typical trade of our high probability intraday trading system.
GBPCAD had strictly breakout the support level on day chart and week chart. It may go up to test resistant level (previous support) or not, but I will keep looking for high probability short breakout on lower time frame based on MA and trendlines until price reaching next support level. It's a star trading pair for trend traders in this week.
Gold had a big uptrend movement on Friday with unexpected low non-farm payrolls from America. I would like to wait for high probability up-breakout signal on H1 and M15 charts after price tests important fib level. Notice the trendline resistance.