GBPAUD 4H - Just Follow the trend...
- This Corrective nature GBPAUD has been forming recently is adding up more confluence that this pair will effectively dump once again I personally believe.
- We do have a nice Supply Zone sitting inside our fib levels which is added confirmation to place a limit order at both fib levels
0.71% & 0.79% fib levels for...
EURGBP Sell Idea
Very Similar to EURAUD Trade we can see the same price action happening with this pair too.
- One - A key factor on the weekly Timeframe, we are currently rejecting the 200 MA.
- Two - We have swept previous highs and sharply moved price action bearish leaving huge imbalance/FVG behind to be filled.
- Three - Our Fib Levels line up nicely...
EURAUD 4H - SHORT IDEA
Can we see furthermore downside potential for this pair as the eurozone is not improving their economy...
Higher Timeframe bias is key as it provides added confirmations in terms of the market structure.
In this short position, we have multiple confluences stacked up in our favour to take price lower and create a new low.
What's next for this pair as both currency's are performing poorly....
My bias for this pair is bearish.
Currently we are ranging but what I would like to see is if we can get some bullish momentum to the upside in this expanding triangle to complete wave B into our fib levels 1.12796-1.13326 region.
Can we see Swiss Franc push this...
GBPAUD - Daily Chart
- As we can see, price has completed its 5th wave.
- We have a shift in price action which indicates & price is in a corrective wave.
- An ABC Corrective falling wedge forming.
- My personal interest will be in and around the 61.8% fib levels for potential buys.
- Key Level to watch 1.90619
- Another confluence is we have the POC (Point Of...
GBPJPY Under pressure as the Pound is Losing momentum!
We can see a change in structure to the downsides on all GBP pairs, so we follow the momentum within this trade as price as traded back into the FVG it left behind the impulsive bearish leg to the downside.
71:00% & 79.005 fib levels are both good entries.
Target 1 will be the previous low
Target 2 will...
The overall trend is bullish as price is clearly creating higher highs and higher lows, so this is our first steps in determine our bias for this pair.
As we can see the previous Daily High was broken with an impulsive bullish Momentum creating that new high.
Current price action is in a correction phase as we can clearly see the slow...
USDCAD 4H Long Set up.
The 4H price has swept the previous 4H low & then reacted swiftly indicating this was a low liquidity raid on previous lows.
After the sweep of this low we can see price has had an impulsive bullish momentum leaving clear imbalance behind indicating price action will slowly return to this area to fill the gaps as we can see happening...
GBPUSD 1H - Sell
Multiple Strong wick rejections at the 61.8% Fibonacci Level.
i personally believe we may get the push to the downside in the morning with the GBP News Release coming out negative enhancing or probabilities a solid trade.
I will need a clear break of the level highlighted before entering a position short.
targets the previous bottoms &...
AUDUSD seemed to have gained momentum earlier this morning during the Asian session but as we can see price is currently testing the 0.79% fib levels and also testing the the top of the VWAP.
If we can get a strong 4H bearish candle closure with high volume i will be looking for the continuation for more selling pressure for this pair.
Don't forget the...
A s we can see price has finished its ABC Correction pattern with a strong rejection from the 61.8% fib level.
Now we have tapped into a strong 4H Supply Zone looking for the continuation of selling pressure for Gold as dollar strength continues to gain more heavy buyers .
I will be looking for targets of 1900
DXY - Strength
XAUUSD - Weak
Price is currently forming new highs with this bullish market structure, what can we look for next? A New High? Or A Reversal......
. Daily Demand is being respected with a sweep of the lows tagging into the Daily demand zone highlighted.
. A Sharpe reaction from this zone confirms this to be a sweep of the previous lows as we had a very strong reaction...
Currently in Sub Wave C
Most definitely more downside price action to come within the next couple of days.
- Key Areas to watch for
- One being the previous Daily Higher Low.
- If we violate and break below this level, my bias will turn bearish for the long run.
if we manage to trade and respect this level, I will be looking for some...
GBPJPY - Possible Continuation Scenario
Key things to watch for -
- Fib levels 50% & 61.8% levels
- Possibly price could fill the imbalance above the fib levels which would enter the fib levels 0.768% (one to watch for)
- Also testing the daily 200 Moving Average.
DXY Index Daily
- Previous Higher Low has been protected as we have seen the fib levels 0.618% respected with bullish momentum
- Could we see the highs taken?
- Will be watching for the Fed Speech later to see how it affects the markets.
VIP Set Ups.
GBPUSD - Buy Set Up
-Break of structure on the Daily TF.
- FVG/Imbalance left behind
- Fib levels sitting in and around the imbalance for added confluence.
- Will be waiting for the 3rd tough on trendline before entering a long set up.
Targets - Previous Highs/ 0.27% Fib Level.
Stops- Below the fib levels and trendline.
Link in bio for more...