We got a big move out of this pair last week, both before and after the election polls and results were coming in. With that big move came a large drawback down near a flat kijun sen to held the week. I am looking for a little further drop to test that flat kijun sen for a chance to once again get long. I've drawn out some price structure level targets to...
The kiwi has been on a rise for the past week and now I am looking for a drawback and support to hold for a chance to get long back into that trend. We're close to entry here at market open which actually may give us a quick entry into this with the gap that formed. I've drawn out price structure targets on our way to overall price structure resistance that...
Despite another stellar NFP report, the dollar didn't make substantial gains against the pound last week. It look like support is holding near where we're currently sitting and if it stays that way I'll be looking to back long. I'd like to see a small drop to the level I've drawn and support to hold there to help confirm my entry. All our other signs remain...
Harmonic bearish bat currently forming on 4h timeframe. I published this last night: It shows how we started to reverse after hitting the minimum profit target of the deep crab harmonic pattern that formed on the daily timeframe. Once we see the break of the channel I was expecting price to move further to the upside. Now I went down to the 4 hour charts to...
This is a forecast of where I need to see price go to if I am going to entertain a sell. We have a big flat kumo level which will act as a strong support. If we can break that level then we have a chance to sell down to at least the price structure level I've laid out as my main target. I've also drawn out some partial profit levels to aim for along the way...
This is a pretty simple drawback setup that I have my eye on going into this upcoming week. We've started to break tenkan sen support so I am looking for a drop down to kijun sen for a chance to get long. Usually I am looking for a good wick to form through kijun sen with the body of the candle closing above it, but I will be watching all price interaction in...
We've had GBP/JPY drawn out in a longer term consolidation pattern for a while now. Originally we were waiting for a break and retest of the zone to drop, but that the moment we actually broke to the upside. You can see the price structure to the left that I am looking to grab a buy at, as we attempt to make a bullish push upward. This opportunity is...
This setup has been on our radar now for awhile, but it still remains valid if we can break the resistance level at the bottom of the consolidation zone we've been stuck in. If we can get a solid break of that zone I'll look to get short and trade down to the bottom of the previous bullish kumo you can see on the left hand side. If we fail to break the bottom...
This pair got a big bullish push over the past couple weeks and I'm looking for that trend to continue. All our confirmations are looking pretty strong right now, I just would like to see a small dip to get a good entry. I'm going to play this one with a pretty tight stop loss since we've been respecting tenkan sen so well. My overall target is previous...
This pair broke down and through the kumo at the end of last week as a trend trend is trying to get established. We are close to a bearish kumo twist, so I would like to see a drawback to resistance to look for a sell entry. If we can get that drawback and form a good rejection I'll look to enter my short. I've drawn out a few price structure levels to aim...
This is a consolidation zone setup that I am monitoring for entry here shortly. I am looking for a tap on our entry line for a chance to sell back down to the middle of the consolidation zone. Ideally we would see a good rejection candle but we have such a tight stop I may just enter regardless as the loss would be so small. If we fail to get a good...
This is a drawback setup on the 4 hour chart that I've zoomed into the 1 hour chart to take a closer look at. My overall lower target aligns with the kumo cloud low we had recently. It's simple enough to see the bearish move we've started to get here and this setup is looking to capitalize on this move down. If we fail to break the resistance I've drawn for...
This pair broke down and out of the kumo last week before having a drawback up to kijun sen. I am looking for a simple rejection here at kijun sen and a bearish kumo breakout to confirm a sell. If we get it I'll be aiming for price structure lows, including the most recent move down. You can see the price structure to the left that is giving me an overall...
This pair struggled to break the kumo before finally getting the push out towards the end of last week. I am looking for a retest of the edge of the kumo and price structure to form a good rejection candle to enter my sell. I've drawn out a couple targets but you can see the major price structure level I'm aiming for that lines up with the flat bottom of a...
This pair plaid out the consolidation zone we had drawn last week before making a nice bearish breakout. I'm looking for that trend to continue as the US-China deal continues to be developed and shaped out. I am looking or a drawback to the closest price structure level for a rejection so we can hop into a bearish trend continuation trade. Typically I'm...
This pair remains in a tight consolidation range and I am watching for some possible downside movement this week. I want to see price close beyond my entry to help confirm it is indeed time to sell. I've drawn out a few targets on the way to my overall price structure target. If we fail to get this bearish breakdown, or if our signs allign bullish, then I...
We got an initial move up last week before JPY strength took over and gave us a bearish kumo breakout. We've had a decent drawback here and look to have formed a good rejection candle at tenken sen. As long as we don't have any large gaps at market open, I'm looking to enter a sell and aim for price structure lows as I've drawn out. This setup has a decent...
FX:USDZAR OVERVIEW - Price is sitting below the Kumo cloud and Tenkan-sen below Kijun-sen (bearish) - Chikou span has broken through kumo and we have a bearish twist of kumo = bearish bias on the pair - A falling wedge has developed with and oversold stochastic which could ignite a move to R15 level . (bullish) - We will be waiting for the FOMC rate...