ChartologyFX

ChartologyFX

Selling this pair as it is retesting previous structure, descending 4HR trend line and golden fib level.

ChartologyFX

We will be look to short this pair on a swing position on the rejection of a key level and 3rd touch of the bearish trend line. Target of 547 pips, which could be increased if we see a break on the 4th touch of the bullish trend line (ascending triangle pattern). We will update when this pair is ready to enter.

ChartologyFX

Taking this pair short after the formation of a head and shoulders pattern on the hourly chart. We had a bearish daily candle at the end of last week's trading session and price has failed to break the key 1.076 level and has seemingly rejected. On the break of the H&S neckline we look to take this pair short to recent lows and structure.

ChartologyFX

If we see a break of the 4HR resistance, we could see a further sell off to daily lows. Our bias is short, based off price action and election fundamentals. However, if we get an impulsive bullish break of the key level at 1.309, we could go long with a target of recent highs.

ChartologyFX

Waiting for retracement to key level and fib level before entering a buy position, targeting highs.

ChartologyFX

Two options for market open tonight, going into the open of the London session tomorrow.

ChartologyFX

We have taken a sell position on NZDUSD as it retests previous structure and approaches the upper ascending channel trendline. We have a target of 131 pips on a 3.4RR.

ChartologyFX

AUDJPY is bearish on all time frames. We are likely to get a daily closure below previous support. We would like to see short term retracement and rejection from this level to confirm it has become resistance. If there is clear selling pressure we will be taking this pair short to previous lows, and towards the bottom of the descending channel.

ChartologyFX

We have change sentiment after collecting a small win from a EURNZD long. The ascending channel has now been broken, as well as two key levels of support. If we get a 4 hour candle closure below these levels and there is evident selling pressure, we will enter a short position with a target of 172 pips and stops above ATR and key level (1.7663).

ChartologyFX

Classic breakout strategy on the 1 hour chart. Break of the bullish trendline. Looking to catch this trade to the start of the trend line with a target of 118 pips. Happy trading!

ChartologyFX

GBPCHF is in an accumulation phase and is range bound. We have had a breakout on the lower time frames of the 200ema and descending trendline, so were looking to take this pair long with a target of 68 pips to our resistance level.

ChartologyFX

We are watching how price develops among Cable pairs this week, in particular, GBPJPY. This pair has been relatively bullish recently after a breakout on the higher time frames. With Tier 4 lockdown being talked about in the UK, this could prove the catalyst to great selling pressure and downside movement. Yet, we could still see this pair go long if key levels...

ChartologyFX

We could see some great upside in EURNZD as price approaches support of the ascending channel. This trade would present us with a R:R of 7.78, with SL below a key support level. If price breaks and closes below this on the 4hour chart, we could consider selling this pair and catching the breakout.

ChartologyFX

We are currently running at +71 pips on our USDCHF short position. We have taken our SL to entry to eliminate risk. We are anticipating further downside movement into market open for this trading week but will be monitoring key levels for signs of rejection or reversal.

ChartologyFX

Our short term buy on EURUSD hit TP in just under 5 hours, returning 48 pips with 2.77 R:R! Based off 3% risk, this trade returned +8.31%!

ChartologyFX

We went long on EURUSD this morning after an impulsive break out of a key level and zone of structure. We have previously seen price sensitivity around this area. We also have added confluence provided by the longer term bearish trend line, in which price broke out of and retested before rejecting.

ChartologyFX

Double confluence provided by bearish and bullish trend lines, as well as a key level which is providing price sensitivity.

ChartologyFX

We added another sell on USDCAD this morning at around 1.1317 with a target of 85 pips. We hope to see downward pressure from the back of US Oil prices. This has now been made risk free.