PoundDollar_Newbie

PoundDollar_Newbie

Price is trading away from a trendline break. Price has retested that trendline break and it looks as though in alignment with the golden fibonacci zone of 70.5% Price is highly likey to continue its momentum downwards

PoundDollar_Newbie

Price might look like it's bouncing off of a trendline support, but if you zoom out, it's actually a Bearish Flag. Trades are taken on this setup after a break of the flag to the downside.

02:07

PoundDollar_Newbie

Price is showing rejection off of a Monthly Reistance giving ideas for bearish momentum into an un retested support level that was broken the previous week. I lay the foundation of this analysis on that support at 1.37000 Because id that support doest hold, we would be on a full reversal market condition, back down to 1.3300. (400pips away) If that support holds,...

PoundDollar_Newbie

I expect a continuation of the bullish channel on the pound from a technical perspective, price is trending upward. My concept of break and retest will allow me to take the trade around the key area that has clearly been respected over the past couple weeks.

PoundDollar_Newbie

Walking into July EURJPY is still a bearish market according to my analysis. You will notice a powerful correlation betweeen this pair and the PoundDollar, the PoundYen and the EuroDollar. Trade what you see. Let's gerrit

PoundDollar_Newbie

USDJPY has been very faithful to all key levels to respect this bullish momentum. This is my overview

PoundDollar_Newbie

EU will continue to sell after it breaks the 4H green trendline

PoundDollar_Newbie

Market structure broke and retested a major level to give us that drop on EJ last week and till now the structure looks very valid and strong. So in respect to the channel the bearish run I'm expecting it to continue dropping north of 55pips

PoundDollar_Newbie

GU was on a beautiful bearish run through the previous week until it met that weekly support and had a very serious rejection. It's been 16hrs and it has failed to break that level so upon the close of that 4hr candle this pair will buy upwards of 60pips - 80pips. If market structure is not broken after this buy, the probable pattern to form will be a H&H for a...

PoundDollar_Newbie

Price has failed to honor that break and retest of that monthly support and has come to close above it. The market structure for the bullish channel will definitely hold for this bullish run

PoundDollar_Newbie

I see price retracing for a nice buy to a rather strong confluence weekly daily level at the top. Ill be waiting for a retracement and set my pending orders accordingly

PoundDollar_Newbie

I see a decent confluence of a the trend line and a Daily Support Resistance level sitting at 1681. Now that we are in that brief downtrend as well i would be looking for sells towards that level when markets open