Low probability setup due to GBP strength today, so lower risk than usual
Long setup on UsdCad, careful though with big news later. RR is good though
Major H4 resistance and fair value gap Taken short with TP at next support level down and almost 1:3 RR
Price took out previous week's low Now look to push higher above recent LH's
Very easy analysis of higher tf levels for GJ this week. Bearing in mind Brexit can strike at any moment, caution should be taken when trading Gbp pairs and GJ especially. Will be looking for B&R opportunities this coming week
Some light analysis on GU for the upcoming week, will be looking for opportunities this week when levels or the trendline get broken
Some light analysis on EURUSD for the upcoming week. Will be looking for B&R opportunities this week from these levels
Just some light analysis for EJ taken from weekly down to H4. Will be looking to trade break & retest from these higher tf levels this week
- Price broke & closed above H4 resistance on H4 chart - Entry long to next resistance level
- Clean down leg on m15 - Price consolidated then closed above - Price retested this consolidation - Long position taken with SL below structure and TP at m5 FTR
- Price broke out of consolidation - Retested so entered short - 20 pip stop, 40 TP
- Price created a strong break of dynamic resistance - Retest of support - TP to fill the range
Easy long on Gold today - Price formed resistance level around the 1315 handle - Price pushed up and closed above on H4 & H1 - Simple long position taken with a 15 pip SL & TP
- Momentum pushed price back above H4 resistance - H1 & H4 closed above resistance - Entry taken on retest with 10 pip SL below current H1 wick, TP at resistance but may be closed earlier
- Simply break & retest on the H1 chart - Price broke & closed below support - Entered on live retest - 15 pip stop & TP
- Break of H4 resistance - H4 close above, entries taken on H4 retest (H1 had already retested during H4 breakout candle). - 15 pip SL, 15 pip TP for most positions with 1 runner TP to fill H4 range
Just to highlight, UJ didn't reach our consolidation box on the first attempt thanks to hourly support from the previous action to the left, aggressive entries long could have been taken here.
- Price consolidated for a long period. - We finally had a breakout & close above on H1 & H4 timeframes. - We'll now be taking longs on retest of the upper level of what was consolidation. - 10 pip stoploss below H1 prior structure, 15 pip TP for most positions with an extended TP for a runner to fill the range created above. - Stoplsos for the runner will be...