British Pound/Japanese Yen is heading right towards a barrier. There's an engulfed zone that I left up for reference purposes only and the white represents a PPZ. I like to remain Neutral so I can adjust if need be, but we shall see.
These are my levels I'll track for this trading week for GBPUSD. I'll adjust as price unfolds, but I would look for price to break down pass the PPZ, funnel through the channel 'til it reaches that support at the 1.2265 level. Breakout traders will more than likely enter a short position once price breaks the 1.2265 level, but they'll be selling right into a zone...
I would like to see one more dip in that level before an even bigger rally takes place. Nice pip range between these two levels. We shall see.
Keep your eyes open for a possible rally in price. Short term.
I see price is approaching a new level, but let's see what happen. Top levels been engulfed, but I keep 'em up for reference.
If price make it to the upper zone I would look to short to the 50% PRZ (1.8338). It's currently in a channel, and usually you can locate reversal zones if you were to scale down to the LTFs.
Go to my published GBPCAD post from yesterday then come see how it played out thus far. Price peaked out at 56.9 pips so a little over 45 more pips to go before it reaches my zone that's higher up in price. Then I would be looking for a short opportunity to occur. We shall see.
I'm not really sold on GBPJPY to execute any orders. However, If I were to long this my 1st TP would be at the 'Golden Pocket' and the 2nd TP would be for the 50% PRZ. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
This is where my mind is at when it comes to GBPCAD. Paytience.
The highlighted area (1.21041 - 1.21738) was the move that took place before the start of the NY sesh. I'm looking for more upward movement with GBPUSD, but before that can happen I must patiently wait for price to play out for the highest probable trade opportunity. Four areas I must face head on: *Fear *Patience *Risk Management *Timing I'll be able to...
These are the areas of interest I would pay attention to for next upcoming trading week IF I were to trade Gold. Go to my initial published idea (7.25.19) to see what my plan was in the beginning. I only react to my zones if I see what I need/want to in the markets. Even though it's probably counter-trend I would be short on Gold for the following week, but only...
I do not trade Gold, but if I did this would be my plan. I would wait for price to reach my zone, if it's respected I would short it to the 'Golden Pocket' which happens to be right above the 200EMA. If I see everything I need/want to then I'll head further down to that 50%. If the zone is breached I'll patiently wait for a break/retest for entry. *DISCLAIMER*...
I do not trade Lyft, yet. I would like to share what I would do IF I were to trade this stock. I believe the overall is bullish even though we might see price head to the downside before we get some real bullish momentum into the market. That vertical represents the length of the move I'm projecting. I would long it from the $76.10 to $92 only if there's a break...
I'm projecting GBPAUD's next movement to be a little over 200 pips to the upside. But I'm just a Speculator. We shall see.
Looks like something nice is about to happen with price on GBPAUD. We shall see.
This is my GBPUSD mark up. These markets can be so intricate that if you miss one tiny detail then the whole plan can be compromised. Zones on top of zones, but if my analysis serve me well then the moves can equal up to excellent pip gains. We shall see.
I rarely trade Cryptos, but if I were these would be some levels that would interest me with BTCUSD.
This is my GBPAUD markup that I'll follow 'til 7.12.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to my levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.