AlexHillFX

AlexHillFX

1. Bullish Bias since 14/06. 2. Overall Bias is Bears but they've looking like lost control. 3. LH been formed and took 100+ pips on the break of consolidation last week. 4. Did touch but couldn't sustain a proper close above the Trend line. 5. We need a close on 4 hourly nicely above to get an entry. 6. Looking at the last wick before close we should fill...

AlexHillFX

1. We saw some Bull power this week. 2. MA Cross is a confluence. 3. We are coming to the channel line and should see a break. 4. It is 3rd touch so bounce or break scenario. 5. Respected 108.800 too much for me so I think we will see a break and upside. 6. Target upon break is next weekly level of resistance at 115.300

AlexHillFX

1. Bullish Bias on Time Frame. 2. Massive wicks and failure to close above weekly level at 0.76200 highlighted in blue box. 3. Fib Levels show that we were only pulling back to 23% and sustained a close above just about. 4. We can see from the rejection of the wicks in blue box that Buyers had a hard time and Sellers won. 5. In the last week of PA we have...

AlexHillFX

1. Bullish Bias on Time Frame. 2. Massive wicks and failure to close above weekly level at 0.76200, highlighted in blue box. 3. Fib Levels show that we were only pulling back to 23% and sustained a close above.

AlexHillFX

1. Higher TF Bearish. 2. Trend lines applied and swing highs and lows formed. 3. Recent PA consolidated and candles of no value. 4. Could we see breakout to retest the and make a new LH/LL? We need to find a break to see a new level. 5. If we have downside break we should see 108.800. 6. If we have an upside break we should see 112.500

AlexHillFX

1. H4 shows Bearish Bias long term. 2. Trend lines applied and swing highs and lows formed. 3. Recent 4 days of PA is consolidated and box drawn. 4. MA looks to be crossing - could we see breakout to retest the and make a new LH/LL? 5. Marked up scenarios upon a break of consolidation.

AlexHillFX

1. Daily View shows Bearish Bias long term. 2. Trend lines applied and swing highs and lows formed. 3. Recent 4 days of candles show real indecision (spinning tops) 4. MA looks to be crossing - could we see breakout to retest the and make a new LH?

AlexHillFX

1. H4 still Bearish Bias 2. Trend lines applied and looking at a retest either of the two for break or bounce. 3rd touch. 3. Channel of Swing highs and lows marked with the lows and highs circled. 4.. We can see the blue rectangle as a ranging area of 150-170 pips over last 2 weeks. 5. Turquoise line shows wicks cannot sustain close on multiple occasions,...

AlexHillFX

1. Daily View Shows firmly Bearish. 2. Trend lines applied and looking at a retest of bottom 3. Channel of Swing highs and lows marked 4.. We have seen significant rejection from 1.31680 - sellers can't sustain a close. 5. Turquoise line shows wicks cannot sustain close and we could see Bull move.

AlexHillFX

Analysis and pending orders described on chart.

AlexHillFX

Analysis is labelled on the chart in stages for a short idea.

AlexHillFX

Analysis is labelled for entry ideas. This is not gospel but just an idea dependant on how price action plays out with the New York open today at 1pm.

AlexHillFX

The analysis is labelled stages 1-4 again. This shows the 1 hour time frame and still we don't have a real entry for either a long or short.

AlexHillFX

This analysis has been described in 5 stages on the following chart.

AlexHillFX

See labelled stages 1-5 of the USDJPY. Dependant on market gap I think we will more likely see a retest at 108.800.

AlexHillFX

Find labelled idea behind a USDJPY Short Retest for 108.800 depending how the market opens.

AlexHillFX

Has buy potential in my eyes. Check the step by step process 1-4 to see why.

AlexHillFX

This has all text on the chart! Great idea and executed trade.