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EURUSD 2 inverse H&S on H4 chart, both necklines around 1.22. GBPUSD squeezing shorts, lets see where we close today, anything other than a close below todays open then I imagine we test 1.43 soon. USDJPY TCL support holding, 105.00 key and if we close above or below will determine where we go next. GBPJPY unstoppable atm. trading around very BRN 150.00
1.4050 looks likely to be the last area of support before a short squeeze sending GU higher toward 1.43. On the H1, previous levels of resistance is consistently providing support. Has happened a number of times that I have indicated on our chart. Trend is up and pull backs are becoming smaller suggesting a squeeze on the cards. Daily Chart MA's are lagging,...
Off to a bad start (what has become a regular occurrence these days) but fought back to get in front. 1.2R
Happy Monday everybody! GBPUSD currently trading around 1.40 with a lot of space to go above it. EURUSD getting messy, trading below an important ascending TL. USDJPY swinging inside a TCL. bulls in control at the moment. AUDUSD on a rampage, big day on Friday closing above the 2020 & January highs. GBPJPY a long way from the MA's. Good luck.
Cable really stretching it's legs in February with few obstacles in the way. Psychological level 1.40 but above that is a gap to be filled toward the double top of 2018.
I managed to grind out a small win, +0.5R on the day. Not taking a USDJPY trade cost me 1R, and AUDUSD puked my stop before hitting the lows for another 1R. Could have been a great day, but that's the point of these videos. To improve.
EURUSD 2 small daily ranges have made it tough trading breakouts. BRN 1.21 sits just below where we currently trade. GBPUSD a close below 1.3750 could be crucial on the week. USDJPY has pulled back 104.50, 120 pips for the weekly range.
Sideways days are no good for breakouts. I ended up around -2R down although the system would have been flat. Have a good one!
Looking like a -1R day, should have stopped trading after the CB speakers. The usual traps!
GBPUSD above 1.3750... room above EURUSD above 2 significant levels of resistance USDJPY, the big pull back! GBPJPY consolidating around the highs, MA's catching up.
Small losses across the board today.
EURUSD touch 1.2060, previous support area overnight and that could be key before going higher. GBPUSD tested TL resistance, 1.38 just above where we currently trade, above that could be a lot of bear stops. USD returning a lot of those recent gains. 104.80 is support, but below that we could see a retest of the wedge breakout arear, huge! GBPJPY accelerating...
First of all, we're sorry if you have tried to get in touch with us in the past 12 months. We have had some technical issues but we will be replaying to all emails this week. Thank you for understanding. On to today! +6R another great day. Check out the review.
Happy Monday! EURUSD bulls fightback on Friday, although I'm not convinced they have completely taken control back from the bears. Still a fight to be fought. GBPUSD bear exhaustion above 1.3760 highs? USDJPY awaiting a some consolidation for a bull flag. GOLD previous support 1820 is the line in the sand for where we go next.
Happy Friday everyone!
$ strength across board apart from £. BoE yesterday. USDJPY pausing for thought at 105.50 EURUSD bears smash 1.20, targeting 1.19? or will the bulls step in? GBPYJPY outside bar on DC. AUDUSD wait and see mode.
EURUSD trading around 1.20 GBPUSD broken out through resistance of its ascending wedge. 1.35 next? USDJPY rampant! 105.50 next. GBPJPY pulling back toward 142.70 - 142.33 AUDUSD pausing for though since breaking wedge resistance. GOLD testing significant support 1820.
EURUSD 1.20 remains untested. GBPUSD remains choppy, ascending wedge formed? USDJPY trend channel resistance broken on the daily, 108.000 achievable? AUDUSD wedge support broken.