This pair has been holding a bullish trendline in addition to a bounce off a demand zone that is further confirmed by a break of previous resistance zone. These are all signs of bulls being in control of the markets.
This pair is in a bearish market structure with price breaking a region of support thus forming a region of resistance. We also see a bearish engulfing candle. Waiting for the current 4hr candle to close below 0.7000 for me to take sells
This pair has rejected a supply zone at the region that is highlighted. This bias is also confirmed by the bears that entered the markets taking out the previous levels of support. I anticipated a move to the downside.
Bullish trendline on the 1HR TF is broken. Similarly, previous support level on the 1HR TF has been taken out. I already had sells at 118.28 with a 20 pip SL and a 100 pip TP. The trade is currently 29 pips in profit. Will be holding this trade for the next few days.
Bearish bias on EURJPY. This follows a double top formation on the 4hr tf where price rejected the supply zone around 188.18 region. Will be looking for bearish market structure on the 1 HR TF before taking my sells.
On the 1 hour time frame we see markets taking out previous levels of resistant meaning that the bulls have taken over the markets. I am thus looking for buys on this pair at 1.2289 with a 20 pip SL and a 50 pip TP
GBPUSD has been forming a bearish market structure over the past few days has broken a region of support at the place that is highlighted by the rectangle. I expect price to retest that zone for a further push downards.