BradB_FX

BradB_FX

This pair is continuing to range in this Daily channel. We are seeing long wicks on the recent candles which shows that price will either bounce up from current level or fall through to the Monthly level (1.07000). I will be providing some lower time frame analysis over the weekend and share some ideas on what’s to come… stay tuned!

BradB_FX

Price has fallen out of the Ascending Triangle Pattern here on the 4H. What I’m looking to see play out, is a pullback to the 38.2 PRZ (drawn on the 1H) to make a LH formation. If the opportunity presents itself, I’ll look to target my Weekly level at 0.58777.

BradB_FX

Entry made on 15m, validated with a MA cross and Bearish Engulfing () Price is pushing towards making a new LL. At this point I will monitor this move and see if this pulls back to the 76.062 zone, which is around the 38.2 PRZ. Further Bearish confirmations at that level will indicate trend continuation. Will move SL to BE, or secure profits as I see fit.

BradB_FX

Price has made a nice bounce off the Demand Zone, failing to make a LL, and has currently broken a previous LH formation. At this point I will wait for a clean re-test of the current level or see price fall back into structure. Closure above or below the 200-day MA will determine the short-term direction of this pair.

BradB_FX

I am back up on the 4H now, waiting to see where price will go before making any decisions. My 12HR forecast was invalidated, so now I would like to see a pullback to the 1.24340 level, followed up by some bearish confirmations. Let’s see what the next day or so presents itself…stay tuned!

BradB_FX

I’m down to the 1H on this pair, and we can see price has broken through a key level. I would like to see a nice re-test/rejection, plus some BEARISH confirmations before entering SHORT. Unfortunately, a good entry opportunity occurred overnight; however, with confirmations on the 4H timeframe, I see this momentum continuing within the next 12-Hours.

BradB_FX

On the Daily, we see price has tested the Supply Zone a few times. To end last week, we see another rejection off the 0.97867 area. The 4H looks to have formed a HL, as price has pulled back to the 38.2 PRZ (confirmation #1). We see a Morning Star pattern (confirmation #2) as well off of the 38.2. As of right now I would like to see another BULLISH signal, and...

BradB_FX

I am waiting to see what how price is going to respect the Supply Zone. If I see a nice rejection off the trendline, AND supply level, I will drop to lower timeframes for further confirmations. Expecting to execute in the next 24HRs, if the SHORT opportunity presents itself. Break above + re-test of the Supply Zone can present some LONG opportunities…stay tuned.

BradB_FX

Price has pulled back to the 38.2 PRZ just as expected. On the daily () we see a doji with a nice rejection wick off the PRZ. I will be monitoring movement here on the 4H. I would like to see a nice bounce off the 38.2, plus some BEARISH signals before dropping down for entry, targeting my Monthly level – 1.07000.

BradB_FX

As we head towards market open, we see price is currently at a key level. If you look left, this level has been tested two times. I expect price to make its way to the Daily Supply level, around 0.62675, if we see a clean break and re-test of the current level. Look for BEARISH setups if we see a nice rejection candle off this key level

BradB_FX

Opened position after strong bearish confirmations on lower time frames. Price broke out of the flag pattern, and can see huge rejection off of a key level. We can see the H&S pattern complete formation of the RS, and can see a nice retest of the neckline. If this current 4H candle closes below the neckline, I will look for an additional entry with the proper...

BradB_FX

The Daily shows a crazy ascending triangle. Lots of volatility at the start of the pattern, obviously due to the market uncertainty caused by the coronavirus. We are now sitting near the point, and will see what lower time frames presents.

BradB_FX

Price has formed a nice double-top. I am expecting a bounce and retracement to a PRZ. At that point, I'll look for further confirmations that indicate more bearish movement.

BradB_FX

Price has completed a break and retest out of the BEARISH pennant, and is forming a nice LL. You can spot nice LHs and LLs on lower time frames (1H, 4H) indicating a healthy trend. I'll be stalking movement on the 1H/4H and will take advantage of any clear confirmations, targeting the 74.323 level.

BradB_FX

Strong BEARISH momentum pushed right to my TP with minimal pullback. I expect the market to exhaust at this level, and will look for any BEARISH confirmations after a confirmed pullback. Will use the 38.2 or 61.8 retracement as a basis of my next move.

BradB_FX

On 4H, I saw a lot of exhaustion when price broke the BULLISH trend line, which indicated it could pullback to the 38.2 PRZ. However, H&S on the 15m confirmed the bears could push price lower. Entry verified on BEARISH engulfing through MA + MA cross.

BradB_FX

Executed entry a tad bit early. Another option could have been after the BEARISH engulfing through the MA + MA cross, which would've played out at the same level. Stops are currently at break even for a risk free trade. I would like to see the new support level broken before adjusting SL to 75.288.

BradB_FX

Price is sill consolidating in the current range, and respecting the flag pattern. I am staying patient and looking for a break and retest of the current support level. The USD is on a nice BULLISH trend this week, which supports this idea... stay tuned for updates!