EURUSD Short Thesis Weekly: - Last weeks candle closed as a bearish engulfing & Marubozu signalling strong sell strength. - Previous Lows have been taken out. - Moving averages are still bearish. Daily: - Daily closed clean below 1.1300 major monthly support & ascending trendline. - Moving averages have also crossed bearish. 4hr: - i do now expect a...
USDJPY 4hr: Breakout has taken place to the upside now awaiting a retest before we can enter for a buy to 110.50 Monthly.
USDJPY Up or Down Weekly: • Last weeks candles attempted to break 110.00 but rejected and closed as a shooting star. • Also rejected off moving average. Daily: • New high was formed at 110.16 which means updward trend. • For 4 days price has been stuck in an area of consolidation. • Moving averages supporting price with multiple rejections. • Must be very...
USDJPY Long Thesis Weekly: • After Creating new low price is now retracing to retest previous levels broken. • Last week candle spike down to 108.50 psychological level but rejected and closed above 109.50 as a bearish hammer. • More bullish movement expected. Daily: • Previous daily highs were taken out. • Clean daily break of 109.70 signalling more bullish...
4hr: After clean break of 109.84 now waitinf for a restest before going long to original target 110.47 to form a new bullish leg.
GBPUSD Short Thesis Weekly: • New high was made at 1.3200 resistance. • Price rejected off 1.3200 and is now retracing. • Moving averages have crossed over bullish. Daily: • Price broke through 1.3000 weekly resistance with clean bear candle. • Also broke through both moving averages. • 2 shooting star candles formed on way down signalling bear...
USDJPY Long Thesis Weekly: • After Creating new low price is now retracing to retest previous levels broken. • Last week candle spike down to 108.50 psychological level but rejected and closed above 109.50 as a bearish hammer. • More bullish movement expected. Daily: • Price rejected heavily off 108.50 and Friday candle close as a bullish engulfing candle...
USDJPY Daily: • Daily Bear candle has broken through 109.23 support level, taking out previous lows. • Moving averages are still bearish. USDJPY 4hr: • After 109.13 previous low was taken out, price now needs to pullback to 109.23 before we enter any short positions. • Next possible target is 108.73.
GBPUSD Daily: • After new high was created at 1.3200 taking out previous highs, price then u-turned and fell to the downside. • Pair is pulling back right now to 1.3000 as we are in a bull trend. • Currently above moving averages. GBPUSD 4hr: • On smaller timeframe price broke through 1.3132 and formed new bearish leg starting bear trend. • Waiting for retest...
USDJPY Daily: • Price rejected off 109.23 again for 109.23 again for 3rd time but did spike to make a new low. • If we get a daily break pair can move a lot lower to 108.73. USDJPY 4hr: • Price broke through 109.50 psychological zone + moving averages with bullish candle making a new high at 109.74. • Now waiting for retest of 109.50 zone before going long to 109.87.
GBPUSD LONG THESIS GBPUSD Weekly: • After very bullish week there was a clear break of 1.3000 level. • Moving averages are about cross bullish. Price still hasn’t made new high after breaking descending trendline. GBPUSD Daily: • The past 5 days were bullish, and Friday’s candle recently broke through 1.3170 level. • Price also took out 2018 November highs....
USDJPY SHORT THESIS USDJPY Weekly: • Price looks like it has started a bear trend with price taking out previous lows. • After trying to recover from flash crash price ran into 109.87 resistance and closed as a spinning top. USDJPY Daily: • UJ formed a new high at 109.87 and now a reversal from there is imminent with multiple wicks at level. • Moving...
AUDUSD LONG THESIS AUDUSD Weekly: • 5 weeks ago, there was a double bottom causing area of liquidity causing a strong rally. • Price broke through 0.7150 monthly, retested and closed above it as a bullish hammer signalling bullish strength. • Need to be cautious of descending trendline. AUDUSD Daily: • Price has begun a bull trend with price creating a new...
GBPUSD LONG THESIS GBPUSD Weekly: • Price gapped above the descending trendline already showing a lot of bullish strength entering the markets. • Although pair is in a bearish trend, because price gapped up moving averages are about to cross bullish signalling bullish momentum. GBPUSD Daily: • Daily popped up above 1.1300 critical zone to take out and create...