More sluggish movement upward. ============================================================== We have quite a few failed attempts at larger moves higher this week, because of this I am not looking for any entries yet.
A fairly mixed day today ending in a stalled upward move. ============================================================== This is an active trade for me. Long here until price action dictates otherwise or target reached. We could see some further movement up despite price closing in the previous settlement ranges from last week.
6th day into consolidation for this pair, it seems as if we are following a tapering dynamic area. ============================================================== I can only expect more candles of the same until we see movement out of this area for at least 3 days straight, or a good sustained rejection of price above the next resistance.
As expected Friday was a quiet day with closing in an inside bar with move upward. ============================================================== This is an active trade for me at the moment. We could see further limited movement as people decide on the positions they hold. I do not see any signals for an early exit, we may see an additional move upward and...
Keeping to recent direction we move down further today. We closed down past support so we could see further downward movement until the next support. ============================================================== As with previous entries for this pair, no entries until established trend and price action at significant dynamic or historic areas.
A slight rebound after penetrating the 8-21 EMA areas. ============================================================== We have quite a few failed attempts at larger moves higher this week, because of this I am not looking for any entries yet.
A slow day after the move down past support on Thursday. We closed as an inside bar after striking just over 50% of Thursday bar. ============================================================== Monday will be interesting since we might see a continuation of the recent down movement. If you took the 50% retrace for long you would be in a comfortable position for...
GBPAUD A trace back to the 8-21 EMA area today probably sparked a league of break-entry exits being filled but it has closed enough from the high to not invalidate the previous day’s signals. ============================================================== This is an active trade for me at the moment. Friday could be a quiet day with a bit of upside action as...
Looking at just the day candle I can see we had quite a mix movement today no doubt keeping those intraday people active. We ended up on a down for the day after an initial scout to the upside. On close being probably the recoil from the downside rejection tapered in momentum in keeping with the sideways motion this...
With previous moves up in mind we have to look at today in relation to the weekly view. We are near or even on the 50% of the last couple of month’s movement. We may see an inside tomorrow as people reconsider the short positions however. ============================================================== We may see long signals early to mid-next week if the press...
A nice strong rejection of support with an inside bar from yesterday. ============================================================== I will be looking to go long just above the high of today's candle. We will probably see a retrace of the bar tomorrow however there is enough space above to allow a looser entry and give me the return I am looking for. My pending...
Another good move today striking deeper toward the February range. Movement to even this weak support takes us out of the sideways movement. If we move back toward the range now it will be interesting to see the reaction. ============================================================== Looking for a trend to establish now. If we continue past this weak support and...
A move upward against the slight bias of this sideways movement ended in a close lower, we see this when sideways movement starts sometimes, longer term elements get out. Higher prices were pushed but rejected. ============================================================== Thursday we may see further movement back into the previous day ranges. If we don’t then we...
A good breakout today from the positions held Tuesday and Monday we saw further losses against the AUD. ============================================================== Thursday will be interesting. We might see some profit taking tomorrow resulting in hesitation on the current down move, but indications are that we should be able to get to the target area in the...
Those who took this inside false break combo would be sat at 1:1RR at the moment, a good move down, but enough to call it a certified break yet? We will see tomorrow what formations will tell us. ============================================================== Weighing up the risk was a good move yesterday for me, I will still not be looking at any action on this...
Further weakening of the pound today left us in a similar position as with EURUSD in the way of trend. Will see what price action will reveal tomorrow, however price did try another upward move today and faulted indicating less probability on any near term long formations. ============================================================== I am not looking for any...
An inside bar today signifies profit taking from the previous movement. ============================================================== Looking for long opportunities since the long term trend is still upward. If we see a false break down finishing in a nice pin tomorrow it will be a very strong long indication. However if people treat this as an continuation bar...
We did actually see a good retrace today and a wonderful rejection from the 8-21 ema area. We also can see a break of Friday candle, which does signify a good signal despite closing back inside the candle range. ============================================================== I got filled a few pips lower than Friday bar, so this is an active trade for me at the...