GBPUSD H4 - Lots of consolidation being seen on support, on the fence with the GBP at the moment (as explained in the weekly watchlist), however, decent RR, we know the USD isn't performing particularly well at the moment too. One to keep an eye on.
GBPAUD H4 - Still trading between the S/R range, approaching resistance at the moment, may want to look for reversals to then trade back down to support. 30 minutes until H4 close. Selling from resistance was calculated at just under 1:3 yesterday, ultimately depends on entries etc.
EURUSD H4 - Seen some consolidation on this 1.19 handle since we tie in with our previous resistance highs. We could see some market relief, to correct this recent bull run, but I think we should break resistance at some point and trade above 1.19. DXY is on support, anticipating DXY support to break, but as mentioned, we may see a mild bounce/correction first,...
USDCAD H4 - Slow markets like I mentioned in the video rundown, typical Monday, USD bear setup here on UC. New lows being set is required, nice break and retest already seen, CAD was an out performer last week, and USD was weak, trying to established whether this is a continued theme into this week too.
AUDCAD H4 - Haven't yet seen a retest of our 'zone' but I'll keep an eye on, and watch the resistance zone incase we do pullback a little for a full retest before seeing CAD strength again.
GBPJPY H4 - Broken the consolidation minor pullback to 139.400 ish would be good to look for long potential.
AUDCAD H4 - I've marked on the bullish structure here because of the support significance, I think we should see a bullish reaction before breaking the neckline and potentially filling the double bottom, big fan of buying from support more so than selling from resistance, so usually catch an eye for these setups more than short setups. Just need to be patient for...
EURJPY H4 - Clear consolidation (pennant) seen here on EJ. Nice strong rally with minor pullbacks from 120.300 to 124.300, now starting to see some accumulation/consolidation, gearing up for the next breakout. Bullish pennant, typically expect a bullish breakout. Generally seen as a continuation pattern, but if you wait for the break and retest, you're able to...
NZDCAD H4 - Very similar to AUD, NZD is on fire at the moment, outperformers again, still just trying to anticipate a pullback, a retest of the marked region would be a safe entry point with justified RR and stoploss positioning.
USDWTI H4 - Nice breakout finally seen on WTI, been waiting for this for week, a nice retest of our intersection point at 40.80 region would be good, ascending triangle ended up playing out and technicals broke upside.
EURGBP H4 - Nice pennant break and retest here, we took off but not as far as expected, may see another test of 0.90700 before taking off again.
USDJPY H4 - Had this one marked up since Monday afternoon with that 107.250 region/retest zone in sight. Didn't respond to the supply zone, but consolidated and have now seen the rejection. Trendlines very discretionary, listen to the video rundown.
GBPJPY H1 - Very much just resumed play from yesterdays action, nice break and retest of that flag consolidation, before then pushing upside again, new highs been set after the breakout which is positive for further upside potential
GBPAUD H4 - Not quite sure how to quantify this, probably ignoring the bearish channel and working from the break and retest of the broken support zone, looking for a clear rejection from this horizontal red box. Need to ensure we are trading below 1.79500 to maintain bearish bias after breaking support.
GBPJPY H4 - Weak GBP this morning but still keeping an eye on the support zones to possibly trade from and see reversals. Fast approaching 131.900-132.
WTIUSD H1 - Hopefully we can maintain a bit of bearish pressure to retest that broken resistance zone (now support) at 34.30 this should be a solid entry point! Already seen this, apologies for the delayed post, looking to break previous highs to maintain upside momentum.
EURCAD H4 - Back on resistance, very similar to NZDCAD, haven't really seen much in the way of CAD strength, inflation earlier today wasn't great, but WTI prices should spark some strength. Previous selloffs from this zone as per recent posts, but no real crack downside, really want to see some bearish intervention in line with CAD strength and WTI price increases...
EURNZD H4 - We have obviously sold off nicely from resistance since the market opened, looking to find support at circa 1.78800, from here we could then have our eyes on a return to resistance up towards 1.82600. Very high RR setups.