USDWTI H1 With the previous headlines affecting OIL markets, we have a dip lower and quick recovery, once the dust has settled, we could potentially look to scout out another long position with slightly tighter stops and increased RR potential.
GBPUSD H4 Certainly an ambitious projection, but all we are really after is a strong break above all resistance in sight, including that 1.40 psychological number, followed by a simple retest. This could gear us up for nice extensions back up to 1.42 region, the price we were pushing a couple of weeks ago.
CADJPY H4 We applied our higher timeframe principles to the lower timeframe (H1) chart to follow and structure break, retest and continuation up to the next whole number price (86.00) which quantified nicely at 1:3. Scoping out, really would like to see a H4 support retest, to stop us getting lured into what is going on too much in the lower timeframe. 85.000...
NZDUSD H1 This was covered quite a bit in the technical rundown which will be with you shortly, talking about buy exhaustion and loss of momentum, hence why we would need a lower timeframe structure break and retest which is what we are seeing at the moment. A good topics of 'entries' was covered in yesterdays webinar with our members, and this one popped up,...
NZDUSD H4 This pair has absolutely dumped given the blatant USD strength and NZD weakness, really clear S/R zone, but not confident whether it will hold or not, we have 0.71 whole number support confluence too. Remember, we are not interested in trading this pair until we have a blatant reversal signal. All we can do is monitor and trail the zones and prepare...
NZDCAD H4 Letting the dust settle from the weekend headlines and Sunday/Eastern market open, NZD and AUD resumed weakness. Don't try and catch a falling knife so to speak, we want to follow the zones that break until we see seller exhaustion.
GBPJPY H4 This setup doesn't seem to far from materializing. Really just looking for a nice confident break and retest of that 150.000 price, a really significant price to break, GBPCHF currently battling new highs, so we will follow these closely and monitor their performance side by side.
GBPJPY H1 We were talking about GBP*** bull or bear bias this week in the members chat after the monster month end flow corrections we saw Thursday last week. Natural corrective measures as compared to trading support/resistance zones meant we couldn't really confirm or form a bias. However, we are now starting to exceed corrective measures and break and trade...
CHFJPY H1 The pair we were watching closely yesterday, caught a great close on that yesterday before seeing rejections, hopefully we see something like this unfold, very much what we saw yesterday with CADJPY. Eastern corrections following by EUR/LON continued bulls, same goes for EURJPY. CHFJPY isn't correlated like those other pairs so much because of risk...
NZDCAD H1 Pinned into support but not quite in to the mean of our support range, took off with no turning back (other than the volume dump we saw across most NZD markets). Resistance/TP was pinned and instantly saw market corrections. Possible structure break with a retest due, not overly fond of trading against the NZD so would really like to see lots of...
DXY H4 This throws a bit of a spanner in the works as we now have to wait for support above 91.000 to hold to confirm USD bulls. Realistically it's expected markets would have corrected beneath 91.000 as we saw a 1400 point rally. It's only natural it sees a relative market correction. Looking for a bit more from the USD across the board to confirm USD...
EURJPY H4 Retesting now on EJ, it'll be interesting to see if we bounce like we did on CADJPY, pair comparison remember, trying to pick the best out of the bunch, really nice clean zones here and currently on a selloff wave. So potential for an impulse buy if we pull down to 300 ish again.
CADJPY H4 So evident we saw GBP, AUD and NZD correct negatively last week with month end flows, and subsequently CHF, USD and YEN corrected/balanced positively. ***YEN pairs are still on the backfoot as we approach retest areas, keen to see how these pairs develop. Looking for a double bottom or second retest of that 83.700 price to try and get involved long...
AUDUSD H4 Trying to find setups that are not quite really to execute. Still looking to let things settle after the crazy markets we saw on Thursday and Friday, really looking to see which zones are valid and which aren't Effectively looking for markets to expire and exhaust before looking for the next possible continuation of reversal waves
EURAUD H4 Big market corrections seen yesterday which was great, really need to be cautious of resumed volume today, month end flows expected remember... Great we have seen these kind of corrections across the board though as this sets us up nicely for next week.
GBPJPY H4 Still yet to set lower lows on the larger H4 timeframe, really nice corrections seen as mentioned previously on the EA post. On the fence with this pair at the moment, whilst we are nice a bullish still on the H4, the sheer bearish strength on the lower timeframe is interesting. Really aggressive M5 trends which could continue to perform and really...
USDCAD H4 Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday. Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.
USDJPY H4 Approaching our retest price here on USDJPY, really want to see some exhaustion as I'm not sure how far we could bounce from DXY 90.000 psychological number. If we see sequential downside waves, we could expect 105.300/400 hold. But I would rather see clear exhaustion, as the relief rally from 90.00 could be quite significant.