WestEndFX

WestEndFX

TLDR plan - go long off a bounce at previous support around 161 to test previous highs of 169.3 and then perhaps a runner up if a break of pysch level 170 to test the top 172.2. GJ continues to be ranging between 164 and 158 or lower bound 156. After the recent rejection of 166 we feel that there could be a convincing push up from a bounce of 161 following last...

WestEndFX

GJ is broadly ranging and complex? Mid term direction bias still seems to be forming / TBC with a wedge shape formation Last week's break below 158.65 was rejected with a bounce Monday morning to current levels of 161.2 after liquidity grab This plan assumes the bounce takes us back up to the previous target resistance and break of the wedge at 163.8 liquidity...

WestEndFX Updated 

Demo of my silver sell plan

WestEndFX Updated 

Looking for a measured risk long entry for GJ entry 141.15-25 SL140.75 TP1 142.25 TP2 142.75-143.00 (short term top consolidation pattern)

WestEndFX Updated 

Seems to be a bull flag formation on the chief yen. A break above could take us 118+. Relatively good risk/reward right now...

WestEndFX Updated 

Expecting CHF to appreciate over the next few sessions as GBP makes moves downwards/consolidates Entry 1.2130, SL 1.2170 TP at break of 1.20 /psych level with a stretch target of 1.19

WestEndFX Updated 

Expecting this pair to rise from this level to the recent double top. The last high was on the back of brexit news since market has traded the wrong way to positive news. Fairly simple retracement back to the top with a 3 to 1 risk/reward. It may actually fall if it hits this top depending on US news and brexit deal impact settling in but all in all long term...

WestEndFX Updated 

Looking to buy this going into tomorrow's session with expectations of a bullish week. Reasons:- Last few sessions have given us a triple top formation at 141.2 Last 3 daily sessions green/up (3 soldiers pattern!) suggesting break potential Higher lows/higher highs suggesting steam running out with sellers Bullish trend/momentum going back to September low JPY...

WestEndFX Updated 

Potential short term long plan on GJ to break recent highs above which there would be stops/liquidity (>141.20) - JPY pairs looking up. 4-1 risk/reward Entry 140.10 TP 141.85 SL 139.65

WestEndFX Updated 

Expectation is that this pair will move up following a failed break lower. There is a lot of selling pressure through the months and zooming out on the long term would expect some retracement back to break recent highs - back inside monthly wedge which coincides nicely with the last jump upwards.

WestEndFX Updated 

Key question - now that Brexit deal has passed what is the reality for sterling? Pre-news we saw a rally, post news we see price maintain the 1.36 level but future mid/long term direction too early to say and we will run into next year to find out whether cable has legs (or not). In this plan, the scenario is that the deal gives a way out of EU but one with...

WestEndFX Updated 

Expecting this pair to react at the lower trend line showing some upwards aggression following a long period of selling pressure. Given this is against the trend a low risk entry is needed.

WestEndFX Updated 

Expecting this one to double top at 1.79 fairly simple 2 to 1 risk/reward intraday move. 50% Fibo up from last low. Worth a punt?

WestEndFX Updated 

Short plan continues as the upwards momentum seems to have slowed. Looking to sell at a double top or break of top around 1.37 handle, with some further confirmation at a 4:1 risk/reward. Worth keeping USD basket in mind as if dollar continues to weaken then this plan may stall/track sideways - if USD recovers and we see GBP weaken this plan will hopefully work out well.