Short Aud bias as im currently long on GBPAUD. Chart is pretty self explanatory, mainly use Daily and 2hr for analysis and 15 min to clean up the entry. - Break and retest - moving average cross - fibonacci - Candle Stick formations
UPDATE: Sooo I was clearly wrong on my direction on my yen pairs well audjpy and cadjpy . I believed they were bearish based on monthly timeframe structure but looking at it on Heiken Ashi I saw that structure was infact bullish . I was however bullish on USDJPY but now im bullish on all yen pairs. Here is update on analysis. So we may see price retrace once it...
UPDATE: Sooo I was clearly wrong on my direction on my yen pairs well audjpy and cadjpy. I believed they were bearish based on monthly timeframe structure but looking at it on Heiken Ashi I saw that structure was infact bullish. I was however bullish on USDJPY but now im bullish on all yen pairs. Here is update on analysis.
As previously broken down, just entered off engulfing. Target 87.500
Had to use weekly for a lil clarity but same concept as before. Round psych levels + market structure + fib retracement. Waiting for 15min retest and doji/engulfing to enter.
Overall Target 0.6400 1st target 0.65800 My strategy: - Use round psych levels with market structure. - Only use 3 timeframes M 4hr 15min (sometimes need to glimpse weekly if not clear enough) - Use fib retracement. - Doji/Engulfing entry
I only use 3 timeframes. M 4hr and 15 mins Use round psychological levels along with structure. M 4hr time frames are bearish hence entering on 15 min engulfing candle at 4hr AOI
Been murdering this pair from yesterday along with CADJPY. pretty self explanatory. USE PSYCH LEVELS
Amidst my gbp bearish bias, we see EURGBP has found support at 4hr 50 retracement Currently long off of 15min bearish engulfing at that level and moving average cross
M D 1Hr are bullish creating higher highs and higher lows. waiting for Heiken Ashi Doji and Engulfing to enter at 1hr 618.
In continuation of NZDUSD short bias, once price retests 0.614 / 0.615 area looking to re enter another position.
M D 1HR BEARISH Looking to target round psych 0.614 for bearish continuation
M D 1HR bullish. Rejection doji on 1hr. I already entered but you can wait for bullish candle with no lower wick for better confirmation
Monthly, and daily timeframes are bullish. Waiting for break and retest of 1hr resistance and EMA to hold as support.
Going into the new week, we can expect AUDJPY to continue on its overall bullish trend. Currently there is consolidation on the 1hr timeframe but just wait for break and retest of resistance for entry to target 9300. Using Heiken Ashi chart, I identify 'Doji" and "Engulfing candle" on each timeframe for stronger confluence.
In confluence with other USD quoted pairs I am looking to short them. Simple strategy, sell at LH, Buy at HL. Wait for pull back and enter at next LH, wait for rejection and for price to move away from zone before entering. Set SL above previous LH or based on your plan.
M D 30MIN bearish. Selling at 30 min 618 retracement. All timeframes have LH.