H1 Timeframe Price moving very slowly bearish, for more I consider this more of a consolidation which goes against my trading plan. The overall structure of the market is bearish but until I see a strong bearish candle pushing price lower I would be very wary about opening any positions here. M15 Timeframe Need to wait for more hourly confirmation. FX:EURUSD
H1 Timeframe Price breaking structure to the upside. We have seen an attempt to break back within but HTF momentum has managed to push price higher. I am currently in an open position with this looking for HTF momentum to continue to push price higher, even if we do set a new trend for this reversal we could still take a slice from this deep pullback. M15...
H4 Timeframe Bullish momentum continuing, could the market be over-extended? Maybe. But as long as the market is presenting me bullish structure I will be looking for the buys until it tells me otherwise. M15 Timeframe Have a 3 tapped support here holding nicely. Not enough confirmation for me to enter this trade at the momentum but I will be looking for the...
H4 Timeframe Price is currently breaking above an interim structure. We are actually already in this trade looking for a wick fill up to that M15 resistance level. If we hold above this interim we could see a strong bullish run however, keep in mind we have just previously been in a bearish cycle so this bullish momentum could be short lived. M15 Timeframe I...
Choppy structures = no trading These conditions do not suit my trading plan and should be avoided at all costs!
H4 Timeframe Price is currently holding below an established level of resistance. Price respected the double bottom pattern well and is continuing to set new highs. If we see a break above resistance then we could see a continuation up to the immediate high. Keep in mind price could reject of this resistance and pullback before we see that continuation bullish. ...
H4 Timeframe Price presenting bullish structure, price has approached the support of the previous long term consolidation. We could see price break within this structure and continue backup to resistance. M15 Timeframe Price currently consolidating on the lower timeframe, the current resistance is the H4 consolidation support. Plan of Action I will be...
H4 Timeframe Price has previous broken and retested one of the HTF key levels and bearish momentum has continued. I will be expecting this momentum to continue and look to capitalise on this. M15 Timeframe We could see price pullback to the previous low. Plan of Action If price does pullback to the previous low then I will look for price failing to break above...
H4 Timeframe Price pulled back deep after the new lower low was set around 1.08200 - I am expecting price to continue this bearish momentum to set further lows. M15 Timeframe We have established a level of support which price is failing to break Plan of Action If we see price continue to push lower, I will be looking for a break of support and look for the HTF...
H4 Timeframe Bullish structure being presented, price creating higher highs and higher lows. Price recently retested the previous low which is now acting as support creating a double bottom. We have approached a high value key level. If price can break above then I will expect a continuation up to 1.28400 M15 Timeframe If price can break out of the immediate high...
H4 Timeframe USD/CAD has finally broken out of structure and set a higher high. We are approaching a level of resistance where price recently failed to hold the breakout so we do need to be mindful of a reaction from this zone. If we do break above I would expect heavy momentum to follow to break away from the consolidation. M15 Timeframe Price is currently...
Good morning traders, Hope everyone had a wonderful weekend. Are we ready for another week of trading? GBP has started to breakout of structure now and had a very convincing bear run, we seem to be pulling back now. USD/CAD has broken back into consolidation. However, with the rejection from resistance and GBP starting to pullback we could see USD/CAD continue...
Seeing strong momentum coming into the markets this morning. Want to see a continuation of this bearish pressure as we come into this interim level on the M15 timeframe. EUR/USD has just approached a key level of support on the M15 too. If we see price break this level GBP/USD should follow suit and we could see a further run for the bears.
Morning traders, woke up this morning to market gaps. For me personally I will be back tomorrow to see if the market gaps have filled so I can grasp a true directional bias for the market.
Avacta Group - Short Term - We look to Sell at 99.10 (stop at 112.85) Preferred trade is to sell into rallies. Previous support level of 105.00 broken. 50 1day EMA is at 100.00. Previous support at 105.00 now becomes resistance. Trading close to the psychological 100.00 level. Further downside is expected although we prefer to set shorts at our bespoke...
Good morning traders, few currency pairs on this mornings watchlist. Looking into EURUSD, will we see another push back into H4 support of 1.12900? Will we see price begin to break this support that has held since the beginning of the year. I have identified a interim level of support we I can see price struggling to break, there has been strong momentum into...
Good morning traders, UJ providing the goods this morning. Just locked this one in at breakeven. Trading a breakout on an interim level after price shown strong bearish momentum from the H4 double top. Hopefully we continue to push deeper into the H4 key level.
EU Breakdown of PA from yesterday. Also I explain the power of unmitigated zones and mitigated zones. Price is entering unmitigated zones from the prior NY session in London session today and playing the reactions would have resulted in big wins. Eu is very bearish rn but we will see if the bullish momentum from the 4H zone will hold or if it will fail. RECAP of...