AUDUSD is looking bullish for me this morning, its had a break in market structure and currently retesting it.
Longs are just beneath this structure.
However if i see price from a Pinabr on the H1, i will look for an entry at the head after some follow through.
I'm looking to short EURUSD to the downside after it failed to close above previous daily highs, signalling a bearish bias.
We can also see a bearish H&S pattern on the H1, which is a good reversal pattern.
This is my two cents on GU,
GU is looking very bearish on the HTF, especially the daily.
I'm looking to take advantage of those who are in sell trades and get in where they get out either at B/E or at their stops.
This is a pattern failure trade.
Price is looking quite bearish to me, it has formed a double top on the H1 and broken market structure to the down side.
I can see that longs tried to defend the 0.77618 level as there was some buying here which was eventualy absorbed buy large sellers.
Once price comes back here, i believe these longs will exit their positions and sellers will continue to fill...
Audusd has printed a daily engulfer yesterday with decent context, as it was printed on a flipped level where price became support and resistance multiple times.
On the H1 we can see price broke an uptrend with decent volume and some space.
Looking for price to snatch liquidity at the equal highs and for me to get an entry just above this and target the double bottom.
Price has shown significant rejection of the daily level and printed a nice context bar (Shooting star)
We can see buyers being trapped on the breakout of the resistance to then be immediately reversed.
This is a clear liquidity grab, and is looking likely we can see downside potential.
I would like to wait and get short on the retest of the SS head.
USDJPY is setting up nicely for a buy opportunity.
Price has shown acceptance above the daily level and is coming back for a retest, which has a nice, but small rounded retest.
It is also in line with the 38.2 fib retracement and good volume on the breakout.
Price has tried to break a strong h1 level but failed to show acceptance below this and therefore has trapped sellers of this breakout and formed a nice long wicked daily pinbar
im looking for price to break the head of the pinbar and get in on the retest of the small level to ride it up to the daily FTA
Looking for price to break its resistance level, its looking likely as it has been there multiple times.
Upon breaking this level, i want it to continue its momentum to anticipated entry and reverse back to breakout point for a level to level trade
We have 61.8% retracement, previous structure and its in line with ATR.
NZDUSD is providing me with two possible set ups today which could happen, its like a playground!
First one is a pre-empt of IDF where targets will be yesterday's highs and also an area where liquidity could be probed.
The other is a simple level to level play, where i will be offering at the 50% retracement and last low pre break. Targets is the nearest...
this is a great area to scale in from our previous entry further down, R:R is really good and it the daily has presented an inside day failure.
Longs ad the pink line and targets are at the previous highs