leihanx

leihanx

We see price retests previous low and ran a set of stop losses on the buy side. After it took out the liquidity pool, the market can no longer expand so it need room to accumulate orders again, hence the sudden reversal.

leihanx

Market liquidity and gap waiting to be filled. After an expansion we see that the market wants to fill those gaps and this gap has not been filled yet

leihanx

Strong rejection of price and doji form on the 4 hour. Client sentiments show that major banks are closing AUDJPY short orders.

leihanx

As we can see, GBPUSD from a technical standpoint has clearly become overextended. We clearly want to see a correctional phase on the Daily timeframe. When we drop down onto the 4-hour timeframe, we see price approaching strong resistance. This is also present on the weekly. From an institutional perspective, we see major institutions having already closed their...

leihanx

We see a major resistance and supply zone. Then the currency closed the week above and retested the resistance zone making it into a support zone. After a small movement in the bullish direction, we can expect a pullback. If it retests the zone, then it would be a strong indication for a buy. Remember, patience is key, and do not buy off the probability that it...

leihanx

We see a major resistance and the last time it broke past it, the pair retreated immediately. We see this resistance zone tested multiple times and fundamentally, there is no significant news or policies that could boost the GBP beyond the resistance zone.

leihanx

We see an indecision candle which lays out the supply zone for us. Then we see a break past the zone and a retest. With further price action and confirmation, we can see a potential drop of 150-200 pips.

leihanx

Because of the looming fears of Brexit for the GBP, it has caused the market to have a bullish trend. Along with those fundamentals, very strong support has already been broken through and once liquidity is taken out and there is valid price action, there could be an opportunity for a 150+ pip opportunity where the next support is.

leihanx

We see a major resistance approaching GOLD ( you get what I mean). With this in mind, if there is a rejection ( most likely ) then a clear retest, we can look for a good buy opportunity. Must wait for price action.

leihanx

If we go and look at the larger time frames, we see that ultimately, the movement to the upside was a retracement to the .51 level on the Fibonacci for the large extension down on the monthly. At the current area of the market, it formed a lower low and then a higher low and is trading around the support which is now the resistance. With valid price action, an...

leihanx

Support Coming Up on GBPAUD coupled with positive news from Brexit, we could see potential buy if there is valid price action.

leihanx

We see a clear rejection after a break to the downside of the trend and a clear retest. Factoring in fundamental aspects, it has already grown a lot and with a hint of a Brexit deal being made Thursday, though now guaranteed, a short term buy seems plausible.

leihanx

We see an overbought situation plus an overbought extensions which signify a sell at least for the short term plus with the trade deal progressions, we will ultimately belooking for sell into the target area of around 1440