Looking for price to push up a little higher make a right shoulder and fail around 1.91500 for a short back down to at least 1.89500 and possibly further.
EURUSD looking like we may create a move to the upside as price is struggling to push lower even off the back of this USD strength. I'm holding shorts from my sell zone but wouldn't be surprised to see price return to this area and continue moving sideways around this consolidation range. Ill be keeping an eye for a break out of this region to give us a better...
Looking for a retracement to continue the downside move. Highlighted area I've labelled sell zone is the first zone ill look at taking shorts from. Price broke through huge support so a retest of the level should open some nice shorting opportunities!
Will be waiting and watching GBPUSD around current area to see if we get a third rejection off this support to possibly make at least another retracement. 1.14500 is the strong support to watch for a possibly bounce, if we see price push up ill be targeting the retracement area of 1.16000.
Price on EURUSD has been very quiet over the last couple days.. we are sitting around an obvious support and resistance just traveling sideways, as you can see I've have two areas ill be looking at trades from. Ill look for intra-day shorts off the resistance and buys off the support (highlighted buy zone).
As explained waiting for the retracement after missing the big move down, so a couple highlighted areas that I'm looking at hopefully getting a position to make the next move down. I'm targeting the area of 0.67000 at least as this is a huge support and price should magnetize to it.
Looking at either a longer term continuation push up or a possible right shoulder reversal. Two areas to look at buys and sells from, another rejection from 165 will see price push to at least 166.100 for either a right shoulder or push further and possibly make a new leg higher.
So I believe we will see two options either price is just retracing for a long term push up or we are going to see a possible reversal right shoulder for short trades. 166.100 is the area ill be waiting for shorts from otherwise I may look at possible longs if price can reject 165 once more!
Still waiting for price to give a better area for entry and a bit more momentum. Price has slowed right down after the big move down and we are just not waiting for get a retracement before the next leg down.
Looking to see if we get some continuation longs for another bounce off this step uptrend we have going on USDJPY. Pretty simply if we see this highlighted level break this trade is invalid and structure is broken. We can see fast sell offs at any point so I will be moving stops to break even once a few pips in profit!
Still eyeing off some shorts on GBPJPY, my last area didn't show and resistance so now looking for price to make a move down after slowing down at this consolidation zone, my best area for entry would be another rejection from the top of this zone. Be aware that price is still bullish short term.. So if I take a position I will be aggressive with moving stops to...
Right now we obviously still in the bearish waves LONG TERM, on the weekly we have created a bit of a support bouncing off the 2017 highs of $19000. I believe we are one more deep pullback away from making some life come back into the crypto market... if we break $25000 that could be the turning point but for now I do see price creating a bit more excitement...
GBPJPY as I explained last update I wanted to see make a pullback from this zone and that's exactly what we got. Now we need to be patient and wait for confirmation on a right shoulder or another rejection from sell zone to take entry's.
Looking for price to reject the top of this little consolidation zone once more and hopefully see price make a move to the downside to continue the overall direction. If we see price break to out to the downside from this consolidation zone soon I will also look for a position.
We should create a move down either for just a retracement of maybe a longer term reversal. Still pushing up so I'm looking for a right shoulder move on the 4 hour to confirm price to make a push down. I will update target areas if I take a position!
Watching price intently around the current zone, a third rejection from this zone will confirm a nice short opportunity. BUT its IMPORTANT that you wait for confirmation before taking entry! trading takes a lot of patients and that's what creates a consistent trader, don't rush any trades its Monday and you have endless opportunity week in week out.
We should see some resistance out of this level at 166.000 for either a big retracement or even a move all the way down to 160. I will probably wait until the start of next week before even looking at taking entry, remember even if we do see a move down to finish the week there will usually always be a second opportunity to get into the trade.
Don't really have any specific area for entry but ill be looking at placing shorts purely based off the bearish candle formations for some easy sell offs. Ill be aggressive with the stop loss as we do chop around a bit sometimes with these pairs.