GBPAUD Daily chart . Nice and simple set up here, we can see from the market bottoming out back in August a huge rally of over +11% and price now testing the ascending trend line once again. Price consolidating slightly atm. (expected during time of the year) Will be keeping an eye on this when market opens as in a favourable position for longs. If trendline is...
Price appears to be popping out of a massive support zone. Also, bouncing from the 200 day MA suggests upside. Nice R/R on this swing trade
Potential double top formation forming. simple daytrade setup 2 R/R
Here we can see price in an uptrend i'm looking for a pullback to the 83.000 region so we can jump in.
Previously posted analysis now we're jumping into the trade. Nice R/R
Trade idea on GBPUSD selling the pair from a minor resistance with target set at a key pivot zone.
Our next day trade we will be taking when market opens on EURUSD. We will be setting pending orders and look for a slight retest of the highlighted area to create a double top formation (which is usually followed by downside). Our first TP has been plotted at a key pivot zone with our final TP at a short term support area. 3.14 R/R means that 2% risk can net you...
Fresh Gold analysis on the 4hr after completing our recent trade. A more technical approach.. Price is currently at our resistance area (we can see over time how price reacts to $1510-1515) Bulls over the past 4 months have been struggling to close above this area but if they can, then we could see yearly highs get retested. Alternatively, if bulls fail we could...
GBPAUD Daily chart. Nice and simple set up here, we can see from the market bottoming out back in August a huge rally of over +11% and price now testing the ascending trendline once again. Price consolidating slightly atm. (expected during time of the year) Will be keeping an eye on this when market opens as in a favourable position for longs. If trendline is...
AUDJPY Daily. Another simple setup, here we can see the 75.000-76.000 area acting as a strong resistance. We've just managed to close above this area so we could see as we enter 2020 price heading towards the 78.000-80.000 which is where price was also stuck in the range of at the begining of 2019. Trade can also be used to hedge our aussie exposure if we take...
Market update covering DXY, EURUSD, GBPUSD, GBPJPY, GBPNZD, GOLD, USDCAD and EURAUD
First market breakdown in a while, actually forgot to cover two other charts and information i wanted to mentioned but I will improve as I get back into the swing of things.
A market breakdown including DXY, EURUSD, GBPUSD, USDCAD, AUDUSD, GOLD and GUPPY
Market breakdown covering the DXY, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, GBPJPY, XAUUSD
A quick breakdown of what i'm looking at at the moment including dxy, eurusd, gbpusd, nzdusd, audusd and gold.
price back at key support level of 1.83 see if bulls can gain momentum and bring price to 1.85