Looking for a test of the bottom of the swing area at 1.2665 - Looking for a some price action signals to confirm the next direction for GBPUSD
What are thoughts on this pair? Tell me in the comments below
Watching the next swing zone of EURUSD for a price action signal between 1.1141 and 1.1107
Overall daily/weekly directional pressure to the downside - price action confirmation pending
Any thoughts on next week for EURUSD post them below
Looking into the 1hr chart seeing the following trade setup reasons:
1. 100ma 200ma cross mid session yesterday
2. Price remains in down trend and successfully broke the support line
3. 0.382 and 0.50 broken with ease
4. Generally bearish sentiment for GBP pairs
5. DXY strength over the past quarter - market sentiment clear for now
First hurdle for the drop from...
Looking at the 1hr chart the EURUSD has a few setups that look increasingly bearish:
1. Triple top reversal earlier in the session
2. Failure to create bullish break of longer term consolidation triangle
3. MA cross into bearish
4. Previous redbound on 4hr 100 MA being testing - awaiting confirmation
5. 'Threes a crowd' - Price down test into MA bearish cross
Following yesterdays chart and looking through the timeframes. It is possible that the USDJPY is running out of steam for now. There are many reasons here for a pull back:
RSI overbought on 4HR
1HR chart resisting further upsdide
Trump and his general behaviour
Upside rejection developing on daily chart
Approaching end of the month - Profit taking
6 days of...
Looking to see if USDJPY closes below the daily 100MA combined with possible stock shorts and the usual risk of Trump's haphazard tweeting
Lets see what happens in the next two days to give a directional indication for next week
Looking at a possible third attempt failuer on DXY - watching for a reversal signal on smaller timeframe to finish out what is noramlly a weak month for the DXY. Any ideas out there are welcome, leave a comments below
Here is the landing zone in my opinion - looking for a bounce from the bottom of the green polygon to open a long at the top, stop loss would be the height of the polygon at the given time it plays out. After all April is a good month for GBP every year, so time to see it play out next week. Please note this not a trade recommendation - purely my personal...
GBPUSD is looking like it could setup for a short based on the resitance rejection and trendlines - looking for a confirmation on the daily chart.
Anyone seeing the same? or even better, does anyone see it differently? Let me know
Posible short squeeze to start the quarter/month. Graph showing a ceiling from previous highs/lows plus in the upper side of the current down channel - if upward move is rejected a good short setup is possible. Risk remains high for equities follwing SP500 break of the 200dma, this now being the area to watch.
Intra-day setup confirmation awaited - look for...
Following the month end/ Stock bounce USDJPY strength yesterday, and trade war still a viable possibility...looks like it is lining up nicely for a short on @usdjpy from a rejection of the top of the current down trend line.