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GBPUSD H4 - Long Trade SetupGBPUSD H4 - The big bearish H4 candle we saw yesterday was off the back of the USD data. A big move and excuse for some USD correction, big relief rally needed, but unlikely a trend changer, I think we can expect continuations of DXY and dollar weakness going forward this week, cable is a good example of a break and retest to set new highs and continue the bullish trend, check out AUDUSD and EURUSD analysis (to follow), hopefully we may see these follow similar suit.
Long
by Trade_Simple_FX
AUDUSD H4 - Long SetupAUDUSD H4 - Here is Aussie vs the dollar, again very similar structure to the above, 0.733 was the resistance zone in this occassion whereas 1.33 was cable resistance, regardless we are close to seeing a break and close on the H4. From this, we could look for entries around 0.7335 to jump in long after a correction, just cautious of the rally leg going in to break resistance from 0,727 to current price (circa 100 pips), I feel we may need more of a correction which may dip us below the S/R retest price. Lets see...
Long
by Trade_Simple_FX
GBP/JPY going to Heavens?Found long setup on GJ 4H/1H trade. 1:After a complex condition of market GJ finally begins it's bullish race. 2:Market making HH/HL. 3:Break of structure to the bullish side. 4:Market testing broken level 137.600. 5:Market showing strong bullish momentum to the left side. 6:Fibs level 50% & 60% being respected. 7:200 MA also showing strength to the bullish side. 8:Market forming a wedge at the area of interest,showing that sellers are getting weak(can't make LL).
Long
by Ali_Talpur