On higher time frames (monthly / weekly) UJ is showing a triangle pattern, with a ranging / sideways market confirmed by the 50 EMA, we have no overall long term bias in terms of trend. Moving onto smaller timeframes, on the daily we have an ascending channel with a ranging market between the S&R, Now on the 4hr we have a rejection of the support, a break of the...
Potential long option on AUDUSD, markets reaching HTF support and major key level, break from smaller TF trend and trend change confirmation from the retest of the 1hr 50 EMA. Short term long back up to retest our 4hr resistance level. Overall direction was short on higher time frames however now we have consolidated around the major support and rejected we have...
Following on from the rejection of the 2019 low at 1.20230 GBP has corrected back up to our resistance trend line, now rejecting and creating some consolidation on higher time frames with a triangle pattern being formed on the 4hr , we now have a slightly sideways market following the EMA on the 4hr TF.
Signs of both a reversal from the support and a break and...
Sell option on AUDUSD, markets breaking a smaller up trend on the 4hr with clear gravitation towards a very obviously support level on the higher time frames, again, probably a lot of liquidity awaiting around this level. Clear road ahead in terms of fundamentals for AUD, as well as for USD now after having the higher impact releases earlier today, nothing...
Another short opportunity, very similar set up to our NZDJPY trade, same overall down trend on the higher TF's and a small corrective up trend on the 4hr and daily TF's, after breaking the support phase line of the smaller up trend we had another CBO style entry with a solid retest and rejection of the 50 EMA, markets now continuing to reject and fall to the...
UCAD LONG - After forming a wedge on the daily TF around Feb 2019 we have been ranging sideways with confirmation from the 50 EMA on the 4h TF. With the ranging wedge offering up multiple short and long opportunities and seeing deceleration on the daily and consolidation on the 4hr we had signs of a reversal on the support level of the wedge. After breaking from...
Weekly UJ chart showing signs of deceleration and reversal with a doji just beneath our resistance level. Daily also showing some doji's as well as a nice high test just piercing the resistance level trend line. Our 4h and 2hr time frames confirm the deceleration and rejection with a double top. Indecision and consolidation build up just below our resistance...
