This market has been in a range since the 24th of December and its struggled to make a new high, there seemed to be a lot of dealing and order-flow build up toward's the back end of last week with it consistently making HL and forming an ascending triangle on the 4hr TF.
I believe there will be short term sell opportunity before pushing off of the 4hr OB and...
NZD/CHF my bias is bullish on this pair.
We've finally had a 4 hr candle closure above a line of resistance and a break out is now occurring. I'll be waiting for a retest of the area before entering a long position for a nearly 6-1 RR.
Looking back through the charts on this pair you generally see quite a few liquidation grabs which we're yet to see.
Market structure is bearish, these are 2 examples that I will personally be looking for.
Either a retest of the 0.88400 area and a bearish a confirmation or a break and retest of the 0.87950 area these are/will be two areas of liquidity, I would take both trades down to 0.8600.
The pair is clearly in an uptrend, I'll be looking for buys around the 0.71918 or 0.71621 area's as this is where liquidity sits.
I think a lot of traders will be trying to fight the trend and get in on a reversal, personally I think we will see a dip in price, some manipulation and big push to the upside.
My bias on this pair was bullish, however the pair has failed to create a new HH since 30th December. Market structure has not yet been broken so I've still got a bullish bias, I'll personally wait for the current range of 80 pips to break and assess market structure again.
Here's my GJ trade ideas for todays session.
Liquidity sits in the 140.400 region, I personally think that we could see a pump up before we dump into 138.160 area once there been some liquidity grabbed from the institutions. if price does not pump up I'll be look for sells below 139.490 below the next support.
The U.K. went back into full lock down as of...