Trade_Simple_FX

Trade_Simple_FX

GBPJPY H4 - Still in play here, little bit of a correction from that 141.300 price as markets opened yesterday. Sold off down to the closest support zone (140.300). We have seen an initial bounce from this price and now threatening those previous highs from last week, back on 141.300. A Solid break and retest of this price could signal GBP bulls, but that B&R is...

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GBPUSD M15 - We need to address this resistance zone, really looking to pop above this to continue corrective (upside) momentum.

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GBPUSD H4 - USD strength seen off the back of the weekend headlines and USD upside gap, various reasons supporting this, such as the US vaccination manufacturing, Trumps comments last week regarding stand-down and January 20th transition, stim packages etc... Eyes peeled on DXY going forward this week, looking to suss our whether these moves are short or medium...

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GBPJPY H4 - YEN has been an absolute misery this week for obvious economic reasons, GBP has had some drawbacks too but has managed to stay above ground nicely. 141.200 is being threatened to set new yearly highs. National lockdown announcement and Bailey's economic speech kept pulling GBP back as it tried to pull away this week from Brexit clarity and trade deal...

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USDJPY H4 - Fresh lows being seen now on the lower timeframes, just need to sustain this for the daily close. Yesterday was a bit of a strange day to see initial strength (short lived on USD), but the bearish theme continues.

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NZDCAD H4 - Popped higher, rejected supply initially at 0.92100, may just be a natural correction before a potential further shift upside. Another one to monitor and follow.

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EURJPY H4 - This range has been going on for over a month now, for the majority a 70 pip range, but has extended 80 or 90 on a couple of occasions, big rally leading into this consolidation, following this until it breaks.

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GBPJPY H1 - Bit of a consolidation break seen amongst GBP pairs this morning, yesterdays selloff influenced by the UK third national lockdown confirmation (selloff was seen ahead of the announcement), consolidation seen over the eastern, and bearish resumption seen as we catch EUR/LON volume during their opening hours. Currently on support here on GJ. Lower...

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USDJPY H4 - Still bearish bias for the USD personally, there isn't any real reason to justify reasons otherwise. Popped back above S/R but nothing to indicate a change in trend, USDCAD is the anomaly, setting fresh highs off the back of OPEC talks. Summary in the above video.

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USDJPY H4 - Very similar structure to USDCAD and DXY here, break of support areas, continued 'LL' theme. Hopefully we can resist 103.000 and continue downside.

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NZDCAD H4 - Price came back down to retest the previous S/R zone of 0.91500, Quite a chunky downside gap, but since we have seen a bit of a support response. Could be something that offers a second support test (0.91500) to the gain upside momentum again.

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USDCAD H4 - Looking like we want to break UC support at 1.27 whole number. A solid break and pullback/correction to retest 1.27 as resistance could set us up nicely for bearish continuations.

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DXY H4 - Downside market gap for DXY, as per our weekly watchlist... we are looking to set fresh lows very early on. GU popping higher and gold also seemingly on a mission. Lots to keep an eye out for this week and next week, confirming our consensus basically. USD weakness, GBP strength, on the fence with EUR at the moment.

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EURUSD H4 - As we know, practically the mirror image of DXY. Trading above the s/r zone, resistance price at 1.22700-800, new highs required to maintain upside trend, and subsequently downside trend after fresh lows on DXY.

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EURAUD D1 - Support to resistance range is back in play, support has been adjusted slightly after last weeks downside attempt, broke back above 1.61, rejected that monthly key level at 1.62, retesting 1.61 support zone again, could be a good area to catch bid if this support holds.

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USDCAD H4 - Failed to set new highs on USDCAD after retesting previous support, previous high price of 1.29100 held, quite the supply area. Back to support I imagine, so eyes peeled on 1.28200 for a potential bounce, we can see a similar thing with DXY, failed to break above resistance highs.

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GBPJPY H4 - Absolutely slammed 200-300 pips downside on most GBP pairs, following each support zone, one zone at a time, not trying to catch the bottom of the move. Personally sitting on the sideline until new year. But same principle and trading system applies. Follow the zones until you can react.

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NZDCAD H1 - Potential lower timeframe consolidation break to fill the remainder of this structure from 0.90 support to 0.91500. Played out quite nicely, in terms of trading zones, retests etc.