TrueNorthTradingFX

TrueNorthTradingFX

New structural change on AUDUSD after a very bullish week last week. We have seen various confluences being met from trendline, structure change and Fibonacci key level being hit. Lower time frames are also giving bullish price action. This is a trade idea and not a signal. All ideas are personal opinion.

TrueNorthTradingFX

USDJPY could bring a solid 1:5 RRR set up if we can see a bullish dollar throughout this coming week. Rule based strategy is looking solid for confluences being stacked. Would like to see price come slightly lower into 61.8 region then monitor price action to see if we can get a bullish break.

TrueNorthTradingFX

One for your Friday afternoon watchlists..

TrueNorthTradingFX

Watching this pairs PA for some potential shorts. Last week we saw a new low get printed after a break of previous low structure around 0.76000 If this lines up, we could see a new leg to the downside with our -27 fib extension as the TP target

TrueNorthTradingFX

GU is slowing down around the 1.7700 regions, with 1.8000 just above as our nice psych number. This is one to keep an eye on!

TrueNorthTradingFX

Monitoring xauusd this week to see if we can pull into our short pocket and giving us bearish price action on lower timeframes to take the set up. This is a swing set up and is one i will be holding for some time if executed. This is not a trade signal. All trades taken are at your own discretion.

TrueNorthTradingFX Updated 

Looking to buy EJ at next available pull back into previous structure. There are two valid entry points as highlighted with the arrows, so if price does as we want we will be monitoring bullish pice action for an entry in the given regions. Once entered targeting the 130.000 region where price previously tested. Last weeks weekly candle could well be filled this...

TrueNorthTradingFX

Looking to buy GJ on a retest of recent broken structure on lower timeframes. On the back of last weeks weekly candle close bringing sellers into the market this is what GJ needed after many days and weeks of bullish momentum. Bringing the sellers in gives us the opportunity to move higher into the wick fill of last weeks peak at 150.360, looking for price to pull...

TrueNorthTradingFX

I am looking for GBP to continue it's bull run into the previous 2018 brexit highs. Last week we saw another bullish week which was curtailed by 2 daily closes on thursday and friday which capsided the huge push towards this target. We did however get positive GBP news on friday regarding economy re-boot due to successful vaccination roll outs and the number of...

TrueNorthTradingFX

Potential for more upside on GJ. Price broke and retested 148.000 and previous structure, so were monitoring PA on this for a long.

TrueNorthTradingFX

Nice corrective phase on EJ, we could see some more downside from here..

TrueNorthTradingFX

We saw a big push from 1.79400 regions yesterday on GA. Were breaking some nice lower timeframe structure on this pair, will be interesting to monitor the PA if this pulls back to 1.79000 regions

TrueNorthTradingFX

Potential sells on this pair after a break of 128.000

TrueNorthTradingFX

Potential long on GU after a retest on the recently broken level of 1.37500 region. Monitoring PA closely on this one. Medium tp target of 1.38800

TrueNorthTradingFX

Got some interesting structure forming on EJ currently. Were by no means screaming longs on this pair yet, but we can't ignore the failure to make a new low on the smaller TF, also with a double bottom forming. We have a significant level of 126.500 that needs to be broke before longs are considered on this. At that point we would look for pullbacks before entering.

TrueNorthTradingFX

Yesterday we saw price reject 144.000 and push quite low, breaking the 1 HR TL you can see here. This set up is a short term sell really, the higher TF still looks bullish on GJ Targets if the sell lines up are 142.250 - about 130 pips from entry

TrueNorthTradingFX

Watching this pair closely this morning. Price has been getting wedge in recently, and we are seeing pound gaining more and more strength recently. If we can get a strong close above 1.37450 region, and a retest below, I will look to long this pair. Long term target on GU is 1.41500

TrueNorthTradingFX

We finally look to be breaking and closing above the key level of 142.000. Upside target of 144.000 is looking likely on this pair