USDCHF H4 Another USD*** setup here, banking on some USD continuations this week, we had a long rally from 18th March for 2 weeks, followed by a subsequent correction from 1st April until present. Really looking to find corrective exhaustion so we can look to potentially instigate some of these USD*** long setups. or ***USD shorts.
GBPNZD H4 GBP pairs have stormed since the EUR and LON open, GBPJPY starting to bounce from 150.000 too. GBP zones so far seem to be holding well in general too. Looking for a second support entry before getting involved, the rallies were too fast for our liking so early on in the week.
USDJPY H4 Really interested to see what happens as we approach our 109.200 price again. A double bottom/support confirmation would be great to look to trade long back up to the previous high price of 111 ish. Really good RR on this trade offering in excess of 1:6. Keeping a close eye on other ***YEN pairs and also DXY.
AUDUSD H4 We broke support here mostly due to two reasons, slight risk off shift (due to Macrons comments, check KGT), and also AUD trade balance data during the eastern session, we have seen a fairly rapid retest so far, looking for a little bit more of a retest and then possible signs of rejection.
EURAUD H4 We've broken support here at the start of the week and already offered a retest. Another potential wick retest could be great, effectively offering a us a maximal short entry with a lucrative RR of 1:6. Need to make sure we don't close and set a new HH though. Shorting down to support potentially, and then buying back up to the zone we could...
GBPUSD H4 Really strong start for the GBP so far this morning, DXY on the up, but so are GBP pairs. Would like to see a strong close above 1.38 and subsequent pullback so we can look to position ourselves long from this region.
EURJPY H1 Nice rejection from resistance seen yesterday, didn't quite pull down to our H4 support zone, but performed nicely nonetheless. Now we have broken resistance we could expect further upside corrections on these ***YEN pairs. My only concern is GBPJPY, as we approach 151.000, this seems like a good short price to me. However, EJ, UJ and CHFJPY seem...
USDJPY H4 Looking very similar to DXY and EURJPY, DXY we break yearly highs of 92.500 and EJ we have just broken a key corrective resistance zone. Hopefully by the time these pairs approach support, we will have some more indication on GBPJPY to compare against.
GBPJPY H4 This pair has been very one sided this week, completely bearish, reversal, completely bullish. Had my eye on 150.000 which exploded, eyes peeled for 151 region to see if we have any signs of slowdown. This is the spanner in the works as compared to EJ, UJ etc as mentioned on the previous post. 1:5 from the indicated order details.
NZDCAD D1 Big daily structure here, price has certainly slowed down as we have approached support, seen our first couple of bull candles on the H4 too. High RR potential, would like to see some sort of lower timeframe structure break and retest for this pair. Or simply a bullish daily close.
USDJPY H4 Initial rejections see from that top end resistance price of 109.200, broken support level at 108.835 convincingly, now seeing a bit of a price pullback. A retest of the underside of 108.835 could be nice to scout out shorts again.
DXY H4 Initially responded to that previous resistance we witnessed throughout the end of last week and throughout this week. Interested to see whether we break ready for next weeks trading, or whether we hold as resistance and see another range sequence.
NZDCAD H4 Range holding nicely for the moment, two tests of resistance and two tests of support. Nicely quantifiable for both the long and short potential too. Hopefully something we can carry into next week.
GOLD H4 Followed this last night with our coaching members webinar, highlighted we didn't want to trade the 1750 short as it goes against our trading rules, however, there is no harm in following and forecasting the trade as it confirms validity of our zones, looking for buy orders from current support price of around 1735. Lets see what unfolds today, quite a...
USDWTI H4 This setup is still available, starting to find support around $63.35/barrel. Hoping that we pull down to support level again to we can grab an entry here. Stocks change data out today to be cautious of too.
NZDCAD H4 We spoke about another potential entry on NZDCAD if we were to double top, that's exactly what we saw, not quite there on NZDUSD yet, but this has unfolded in excess of 1:2, previous breakout low would see us at 1:3 and then a break of support and selloff beyond 0.89400 would further increase that R potential.
NZDUSD H4 In-between structure on NU, remember we only ever want to be buying or selling from our key red box trading zones, our H4/D1 trading areas, using these zones in line with other confluences such as key levels, regions of supply/demand and so on and so forth right. Waiting patiently for this to unfold or present a buy or sell from resistance or...
EURJPY H4 Seeing some decent corrections across EURO markets this morning, specifically EU and EJ which is good for us and what we have marked up. We have been waiting for an EJ correction since early last week! We are always scouting for our H4 entries, so sizeable corrections like this are good for us and how we trade, especially when markets are very one...