Not a fan of how this pair moves on the 1h timeframes, but on the 4h can make some awesome and fluid moves. This is something I spotted over the weekend and I waited to see what price would do during the London session of Monday morning. This allows price to get back into its movements and help us understand direction a little better. Especially on the 4h...
So it looks like after our more most recent news event we had a massive push to the upside for price, looking like we could have some momentum to the upside for a while. Within that push to the upside we had a Higher High and Higher Low being formed and now we are currently sitting with our fib structure setup. Down below are the confirmations for me getting into...
This is a riskier trade than usual, price has already reached 100% but has not closed beneath it. These trades offer the best risk to reward ratios but should be used sparingly and only entered with small risk and one position. But another reason I took this trade is because the NZD and AUD correlation looks to be bullish according to the...
-Micro downtrend broken and is now being retested on the backside
-Longer term uptrend has a 3rd touch and aggressive bullish candle from the two trend lines
-Support & Resistance in the purple zone
-Correlation with bullish AUD
*Did not look at trading plan before executing this trade*
*Similar to the AUDJPY call but this was a little...
-Price broke longer term downtrend and is now retesting it on the backside
-Area of broken resistance now looking to be treated as support
-Uptrend forming, looking for price to respect the new uptrend
-Had a big bullish candle on the retest of the downtrend
*Double Whammy trade*
I think I may have taken this trade a little early, I did...
-4h has reversed twice off of the Monthly resistance we have
-4h candle has also closed below our trend line
-On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again.
-Purple zone is in confluence with fib levels and where we had price drop on the...
Price on the 4h has just broken structure to the downside showing the maybe for the next few days or even weeks we could be falling pretty heavily. When you look on the 1h timeframe it looks as if EA has a lot of momentum to the upside, which it does for now but at the same time this could be an ABC corrective wave to the upside before...
-Price is in a 4h Price Reversal Zone
-30 Min heiken ashi candles have many wicks to the upside and had a bearish momentum shift to the downside
-4h candles look like we are slowing down as well
-1h heiken ashi shows slow in momentum and just printed a bearish candle
-SL is right above the 4h zone
-TP 1 & 2 are at zones where price has strong...
-Strong break to the downside creating new LL (Includes gap from the weekend)
-Retest of the 70-79% zone
-Perfect MA test
-Floor broken and now being treated as a ceiling
-There is a lot of strength to the upside but perfect setup opportunity
-Same as the XAUUSD Long this morning
-1hr structure continuation to the upside
-Long bullish hammer on MA
-Previous Resistance becoming support
-4 hr doji candle
-Woke up late and rushed
-Wasn't even supposed to be able to look at charts this morning so grateful for that
-Skimmed through analysis
-Didn't read through my trading plan
Technical Analysis: (Same Exact Setup As GA)
-Price broke below the MA aggressively
-Broke below purple zone which was previously a strong floor and now retesting
-Confluence between all three indicators
-I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not...
-Price broke below the MA pretty aggressively
-Now retesting the purple zone which was previous support
-Confluence between the zone and MA
-Saw price reacting to this level a little late, price wicked the kill zone to a T but now I may have missed the entry already. Not rushing into this trade, set my limits just in case price...
So, all week GJ has been dropping like no other, I personally think this is due to the high pressure news and rumors of Brexit. Historically, if you look left there is a zone a few hundred pips below that many buyers have entered the market, now what I think may be happening is that, price could keep dropping lower and lower until we reach that large zone of...
So, this is a new week into the trading world and for GBP we have some MAJOR news all week basically, especially because of all the BREXIT news. All timeframes are really telling me we will be having longterm bearish movement to the downside, even all the way down to the 1h timeframe. So when price opened at market open it actually closed below a zone that it has...
So, I did not update these journals since about 2 days ago so movement was missed, but what I saw with this sell was that if you go back to the most recent journal before this you could see we were in a very good buyer zone, and as expected GJ did shoot up and my projections of where we could drop again were where I have the yellow zone now. The reason the yellow...