GBP/JPY (H4) - currently trapped in this consolidation ranging between resistance of 156.689 and support of 155.993. We do have a major level of support from the daily that is failing to break. If we do manage to close below support we could see price start to sell off quite aggressively however if not we will be looking for buys above 156.689
(H4) - USD/CAD looking like pound, yen on the flip. Break & retest pattern may be in affect here around 1.23709 if we do close below we could look for reversal sells for a small R/R but ideally targets are buys up to 1.23958 (M15) - Still waiting for price to develop further on this but we could potentially see an entry if price double bottoms on 1.23705 if not...
(H4) - GBP/USD looking bearish, price is struggling to break 1.37457 which we can see from the double bottom. If we do manage to break this level we could see really nice movements back down to 1.37196 (M15) - Could manage to gain a short entry on the break of 1.37588 which would break the H4 consolidation but we will just have to see how price kicks in going...
(H4) - GBP/JPY currently bullish in that pullback phase. I will be interested in seeing how price reacts to 156.869 to begin completion of this break and retest pattern. If we do close above we could look for reversal buys but the R:R wouldn't be the best and we would be trading against HTF structure which is bearish. (M15) - Due to GBP/JPY being in this bullish...
(H4) - USD/CAD broken out of support but failed to close bearish. Strong wick rejections showing bullish presence, if we break back above support of 1.23202 then we could see continued bullish pressure back up to 1.23465 (M15) - Will be looking for price to break back above 1.23254 too look for buys up to 1.23465, just a waiting game now.
(H4) - GBP/USD still holding bullish, currently sat around that H4 retest area of 1.38141 we could see price continue to push bullish above 1.38323 in which case we will be looking for buys although we could follow GBP/JPY consolidation and potential free fall down to 1.37693 (M15) - M15 double top, currently sat on the previous higher low (support) If we do...
(H4) - GBP/JPY looks like its beginning to consolidate between 158.175 (resistance) and 157.239 (support). Had a strong bearish close with wick rejections rejecting the previous H4 high causing that double top (hourly triple bottom). Could see price begin to reverse down to support of 157.239 but do be mindful of resistance breaking at 158.175 which will result in...
(H4) - USD/CAD looking very bearish right now, we failed to hold below support of 1.23465 however soon as we came back up to that trendline price hit traffic attempting to push higher and failing. We have multiple wick rejections, indecision on the bearish trend and now we have seen that bearish push. Looking for targets down to 1.23202 (M15) - USD/CAD already...
(H4) - GBP/USD looking like it has just created that higher low. We will need to see a higher high to confirm this but I am confident enough to anticipate this as we have all the confluences lined up. As long as we break above 1.38063 then we should see a continuation up to targets of 1.38259 (M15) - GBP/USD already at structure again. Looking for that break of...
(H4) - GBP/JPY still pushing bullish setting higher highs and higher lows from yesterday. The 2AM open candle has shown bearish presence which has been taken over, leaving a wick rejection suggesting continued bullish pressure. No current H4 targets just seeing how far we can push. (M15) - GBP/JPY already at structure, We will need to see price attempt to break...
(H4) - GBP/JPY currently consolidating, I am expecting price to continue its bullish momentum up to 157.342. We will see how the candle closes for 06:00 (M15) - Strong bullish close into M15 resistance of 157.180 showing good signs of continuation up to 157.342 Usually when we consolidate like this on resistance we do usually see and explosion in price to the...
GBP/JPY currently consolidating at the moment, price creating lower lows and lower highs suggesting we are bearish overall. I have a few ideas on how price may develop as the week goes on: 1) We could see a break and retest below 151.082 suggesting bearish pressure. If this does happen I will only be looking for sells. 2) We could see price come back to retest...
We did start to see some bullish structure form for GBP/USD however this may just be a deeper pullback from that major sell off. I can see price failed to hold the retest level of 1.36851 and now we are trading below. We have retested this level with a wick rejection and now the last candle of the week closed bearish engulfing the previous candle body. I...
USD/CAD looking overall bearish to me price creating lower lows and lower highs. We have just come into a major level of support around 1.26462 which could cause price to bounce back up to 1.27248 but we will just have to see how the next few hours go from market open. Sells below 1.26462 and buys if support holds.
Grabbed the extension for 4.5R from the initial 3R setup what a morning!
Forecasted this level on the watchlist this morning now running +1R in profit with risk off the table. Did you manage to catch it?
(H4) - USD/CAD printing bearish structure within this range, lower highs and lower lows forming looking for price to print the new lower low back down to 1.27086 (M15) - Sat on support at 1.27570 this is only an interim level however if we continue to reject this level and close below I will be looking for sells with targets back down to 1.27281 What are your...
(H4) - GBP/USD failed to hold that break and retest level of 1.36399 and now we have closed above could get a nice bounce off this for targets up to 1.36790 this also matches our correlation with GBP/JPY (M15) - Looking for price to start developing some levels below 1.36491 and then look for an entry above with targets up to the H4 key level. What are your...