About meForex day/swing trader and educator, follow my instagram for live updates news events and setups @jamison_fx, my purpose is help educate and provide valuable content and get traders onto the winning path.
Multi time frame analysis of GBPAUD is pointing to a nice short area around the resistance of 1.78! The areas highlighted is a rough area of where I'm looking at taking a trade from, I do think we will see a downside move very soon even if its just short term... Good luck and have a fantastic weekend!!
Looking to see if price is going to make a push up on the 1-4hr, if we do see that ill be looking at areas to buy from... ONLY look for buys if we see some bulls set back in at the current time I still do expect to see price tap into support!
Looking at price making a push to the downside to either give us a nice short back to 0.99 or just catching a small retracement before then moving higher. Before taking this trade I want to see a bit more price action around this resistance area! Looking for even star formation on the 1-4 hr or a right shoulder second rejection..
Looking for a continuation back into the area of 1.75000 support once again! Price made a nice move all the way down from 1.8 and now we have seen a retracement so looking for a nice short trade off this right shoulder to continue the downward momentum longer term!
Looking on the daily we can see that price is proven to struggle around the 1.38 resistances so I have highlighted that as a nice long term short area... BUT also price has broken the long term bullish structure with the USD bulls stepping back in can we see a push push higher? (I have 1.35 highlighted as a nice buy zone which is also previous lower high)....
After catching some short term upside, we have now made another long term move to the downside on the daily printing some nice bearish candles for the long term bears to step back in. Now Ill be positioning myself looking for any short openings to follow the continuation! Be safe around the fundamentals and as always risk appropriately!!!
Looking for this rejection to continue and hopefully we can see a nice push up to then give us a risk free trade to start the week! First targets 0.65000 where ill look at taken a percentage then hopefully can push higher!
Looking to see if we can see a push from the current area or maybe a little dig down into the 0.99 support for then price to continue the upside rally to the last long term lower high... either way we should get a small move up so will look at entering and moving stops to break even..
No trades at the moment but just sharing the area ill be waiting if price can make a retracement to it. If price does make that short term downside move ill update the reversal moves ill be looking for from there and hopefully we can catch that next leg up!
Looking at adding a buy position for price to continue this upside momentum... We are seeing nice signs all ready so the next few hours heading into London session could be a nice time to grab an entry.
Looking at that continuation down as explained last week.. Price at the moment is creating at resistance area with price slowing down and rejecting. Price can push a little higher so I may just wait for the initial drop on the 1hr and then look for a small right shoulder..
Still holding that long term short bias but am also open to getting another possible buy position.. trading for me is just entering at the most likely areas price moves from and then take what comes off that..
Nice risk reward trade idea off this current 1hr resistance which also lines up with the other pairs I'm looking at (AUDUSD pullback). Morning star formation on the 1hr so we should see price push up from current price!
Hey guys, hopefully some of you may have got entry's on this one, I think I've covered it at lest 10 times ahah, if your not in a position look for a retracement and the next leg.. simple market structure!!
Still hoping to get a bit of weakness from the dollar for which should push this back to the upside, but its not a mater of hoping its about reading price as it forms.. only looking at positions from the areas I pointed out!
So price right now is grabbing my attention as we are at a way better spot for entry, 61% retracement at the time of writing this so definitely interested in buys if we continue this rejection. Remember its the start of the week so stay patient we will always have opportunities throughout the week so no need to rush any trades.