EURNZD H4 We don't really have too much in terms of confluences here, simply just an intact H4 support zone, like we mentioned NZD and AUD are on fire at the moment. We really need to see some solid H4 reversal signals or a lower timeframe structure break and retest. If we can't see anything for a buy opportunity, happy to sit on the side to see if support...
AUDUSD H4 We broke support here mostly due to two reasons, slight risk off shift (due to Macrons comments, check KGT), and also AUD trade balance data during the eastern session, we have seen a fairly rapid retest so far, looking for a little bit more of a retest and then possible signs of rejection.
USDJPY H4 Initial rejections see from that top end resistance price of 109.200, broken support level at 108.835 convincingly, now seeing a bit of a price pullback. A retest of the underside of 108.835 could be nice to scout out shorts again.
NZDCAD H4 We spoke about another potential entry on NZDCAD if we were to double top, that's exactly what we saw, not quite there on NZDUSD yet, but this has unfolded in excess of 1:2, previous breakout low would see us at 1:3 and then a break of support and selloff beyond 0.89400 would further increase that R potential.
USDCAD H4 Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday. Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.
GBPJPY H4 - YEN has been an absolute misery this week for obvious economic reasons, GBP has had some drawbacks too but has managed to stay above ground nicely. 141.200 is being threatened to set new yearly highs. National lockdown announcement and Bailey's economic speech kept pulling GBP back as it tried to pull away this week from Brexit clarity and trade deal...
USDJPY H4 - Very similar structure to USDCAD and DXY here, break of support areas, continued 'LL' theme. Hopefully we can resist 103.000 and continue downside.
GBPUSD H4 - Corrections seen after the big rally and upside break yesterday, eastern session has pretty much been purely corrective moves, coming back into the EUR/LON open, we may be able to expect bullish continuations, may hear a little more on Brexit progress today before the weekend.
NZDCAD H4 - Moved a little over the eastern for those eastern traders, bouncing nicely from support, lets see if EUR/LON morning brings this up to test yesterdays highs.
Hey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final...
GBPAUD LONG SETUP GIVEN A FEW DAYS BACK, PLAYING OUT NICELY SO FAR. ProForexTrading strategy system in play! www.proforextrading.net
USDCHF H4 - Cover this one in the rundown too, two zones very close to one another, double bottom could still play out. But not overly fond of dollar performance so far this week, got the zones marked on, could just use this pair in confluence with others.
Trading idea with educational purpose on USDCAD in terms of Supply & Demand trading
If the blue line is broken with a candle close to the downside, EUR/GBP could drop like a bomb
USDWTI M1 - Bit more of a breakout and retest than we had seen yesterday. Sat back on that $20.00 support number after breaking out and pushing $20.62
EUR/GBP Set for Bear Move after Brexit negotiation lock finally broke . EU gives green light for secret Brexit negotiations on PM's Boris Johnson's plan. This saw GBP -The Pound Skyrocket to mars amidst a long awaited move anticipated by bullish Sterling Traders. The momentum sees possible price moves towards the awaited 0.84 Follow HuracanFX Telegram : t.me...