HarrisonMit

HarrisonMit

I would like to see a counter trend move on this market. Currently, this is overextended and potentially exhausting. We still have bullish pressure on the lower time frame, so i would like to see a clear break of structure, a shift in momentum and a retest before looking for a day trade on the pullback. Targeting around 30 pips only.

HarrisonMit

Looking for a day trade on this over extended market. Wick rejections on the 4hr are indicating an exhaustion of bullish pressure. The 1hr confirms this with a bearish momentum candle. What i would like to see on the 5min timeframe is either a double top confirmation, or a break below the current 4hr support and a retest for a continuation down.

HarrisonMit

Looking for a day trade on this over extended market. On the 1hr we see a bearish momentum shift and i am looking on the lower timeframe (5min) to capitalise on the lower high that potentially is forming. 30 pip target to bring us down to the 4hr range that we currently have.

HarrisonMit Updated 

Based on analysis from last night, I am looking for an intraday momentum trade to the downside. We had a failed attempt by the bulls to push higher on the lower timeframes, which gave me confirmation for the trade. This is a 1:3RR on the 5 min timeframe. Let's see what happens.

HarrisonMit

We're seeing exhaustion on the 4hr timeframe as we reach a key area in the market. Price could still push slightly higher as we enter the new London trading session, so lets wait for confirmation. I am looking for a reversal trade on this pair. 1hr is still bullish at the moment in the form of an ascending channel. What I will be waiting for on the lower...

HarrisonMit

Looking for a reversal trade as we come into tomorrow's session. GBPUSD had a decent run today, but now looking overextended and exhausted. However, we can still see some upside potential as we haven't, as yet had any confirmation of a reversal. I've marked out a range that i will be looking at and one idea will be a break and retest to the downside on the 5min...

HarrisonMit Updated 

Another 4hr range trade. Break of a 5min phase line and a higher low area holding. I need to actively manage this trade because of the 1hr 50 ema acting as a resistance level.

HarrisonMit Updated 

The 4hr range for the day gives me a 1:3RR Opportunity. This trade was taken on the 5min with a break and retest of a phase line. Looking to get to BE quickly due to high impact news coming in soon.

HarrisonMit Updated 

4hr - Strong, Bullish Momentum coming into the market after a pullback 1hr - Signs of consolidation at this point 5min - Double bottom holding, and a break and retest of that consolidation area.

HarrisonMit Updated 

4hr - Pullback decelerating and showing rejection candles 1hr - Bearish pressure decreasing, will buyers stepping in to the market 5min - Double bottom, holding support level

HarrisonMit Updated 

4hr: Price retracing back into a resistance level 1hr: Price decelerating at this level and a series of rejection candles forming 5min: We can see price making a double top at R1 with huge divergence on the MACD Looking for a retest of the 1hr 50ema as a target. Small day trade opportunity Good luck in the markets.

HarrisonMit Updated 

4hr: After a bullish run to the upside, we saw a pause in price in and around a trend line forming. This was a momentum trade on the 5 minute and I am looking for targets at the 1.34500 levels

HarrisonMit

Overall, we are still bearish in this market. I am looking for a pullback into a liquidity zone to take a short. On the 4hr, we have the 50 ema above current price, but there is also an area of potential resistance slightly above this. Will watch to see how this plays out. Good luck all. Tim

HarrisonMit Updated 

WEEKLY: Last weeks bullish momentum was quashed with a week of bearish pressure failing to make a new high DAILY: We’ve seen a break and retest of the bottom of the rising wedge and MACD is starting to turn, indicating lower prices may form. 4HR: Moving down to the 4hr, we can see a clearer picture of the re-test and rejections below the 200, 50 and 20 ema...

HarrisonMit Updated 

4hr - Price deceleration at support zone, currently rejecting this level 1hr - double bottom with bullish divergence on the MACD. This is a quick play back up to the 1hr 50 ema. Extended targets at the 4hr 50 ema.

HarrisonMit

Weekly TF: Bearish pressure rejecting the top of the channel Daily TF: Re test of an ascending trend line / top of channel 4hr TF: Consolidation at support level 0.88850 1hr TF: Trading above all 3 ema zones. 50ema just crossed the 20 ema Entry: Above the high of friday’s close candle Stops/Targets: Stops below the last daily swing (below the 200 ema) targets...

HarrisonMit Updated 

WEEKLY: Rejections across a few weeks to push price higher. Price trading in the 20/50 ema area. DAILY: For a number of days, stall of price just below the 200ema - also looks to be a right shoulder forming to complete a H&S pattern. 4hr: Price stall is highlighted across this area with bearish MACD Divergence indicating that price may look to reverse. 1hr: A...

HarrisonMit Updated 

Bearish Double Top on the Daily Chart. Entry just below the low of the doji candle. Confluence with bearish MACD Divergence Targets back down to the 50ema. Good luck traders!