NickLindleyFx

NickLindleyFx

On the daily time frame, Once 1.60500 was broken above, I initially believed my bearish bias was invalidated and we would see price obtain new highs. However, to be a great trader we must become un-attached emotionally to specific ideas and uphold flexibility to be able to quickly shift our bias. As previously mentioned on multiple occasions, 1.60000 - 1.62000...

NickLindleyFx Updated 

Following on from my Forex Market Breakdown Volume 5, price seems to be following suit. We continue to consolidate between hourly support and resistance sitting between 111.756 - 111.980. Previously short term support was broken and retested and price formed a potential short setup from this zone. However, this turned out to be a fake out and since then price...

NickLindleyFx

Following my Forex Market Breakdown Volume 5 youtube video, EUR/USD has played perfectly into our hands as outlined. Price has fallen back into strong daily support between 1.29000 - 1.30000. On the above hourly time frame we can clearly see strong rejection to break below this level with perfect wick rejection which could, more or less, be market manipulation...

NickLindleyFx Updated 

Following on from by Forex Market Breakdown Volume 4 youtube video, I mentioned how EUR/AUD was in need of a pullback and formation of a new lower high to give-way for further downside momentum. Looking across the higher time frames, price has been very clear of its rejection of the strong historical levels between 1.6000 & 1.6200. Look back to the start of time...

NickLindleyFx Updated 

I have decided to return and begin posting my market outlooks on TradingView, to establish both my name and brand. Please ensure you follow my page for upcoming market breakdowns of the 9 currency pairs I trade. To start off, here is USD/JPY. Following my usual analysis pattern I first established my bias across the higher time frames. On the monthly time frame,...

NickLindleyFx Updated 

USD/JPY is a pair I have been sat on the sidelines with for some time. It just hasn't offered the trading set-ups I look for. However, that looks to change this week if price forms this pullback i am expecting. Starting from the higher time frames, price formed a very strong wick rejection of 105.200 before almost reaching back to its monthly opening price. This...

NickLindleyFx Updated 

Heres my current long position on pound / dollar as of this morning. This is a setup I have been patiently waiting for since initially breaking down the markets on Saturday. 1.28000 is an area of support significantly highlighted across the weekly time frame. After seeing a break In the bearish trend structure on the weekly I have been eyeing a decline in price...

NickLindleyFx Updated 

This idea on AUD/USD was fully broken down on my Forex Market Breakdown Volume 3 youtube video. Catch it here! :-https://www.youtube.com/watch?v=4ZWpYouQPWk Although we still trade within daily bearish trend structure, I am convinced that price is due a pull back to 0.72000. The monthly time frame speaks for itself, especially watching Januarys candle close it...

NickLindleyFx

Heres how I currently sit on EUR/JPY. Again following what I had outlined on the weekend across the higher time frames, the hourly formed enough confluences for me execute a long trade...targeting a 75 pip upside target with a risk:reward of 1:3. 125.000 acts as key hourly resistance on this pair so it is important that we break and close above this level for...

NickLindleyFx

EUR/AUD is a pair I have maintained a strong bearish bias on for a while. This originates from the monthly time frame where price has been sitting within a strong area of interest between 1.6000 - 1.6200. If you were to zoom out on the monthly time frame and highlight this region you will see the countless times it has been used as both support and resistance...

NickLindleyFx

Originally I had a longer term bullish bias on this pair, however my bias has been reverted after last weeks strong bearish close. It looks like short term resistance has held, with the weekly candle putting in place a strong bearish engulfing candle with a potential stop taking wick, on the daily this could be seen as a fake out in order to entice bulls into...

NickLindleyFx

Looking at the bigger picture across higher time frames, I think we will see price continue to rise on AUD/USD. Previous we have been holding the 0.7700 key level as strong resistance which was eventually broken with price rallying and finding a wall at the 0.800 level. Over the past couple of weeks I have witnessed a price pullback which has found support...

NickLindleyFx

Looking through the chart, this EUR/USD potential pullback and short play looks the most appealing. Initially this short bias is supported with a strong supporting technical strength score of -6, with higher time frame confluences on the monthly with Septembers candle closing as a strong bearish engulfing after rejecting 1.200 key level. Zooming in on the...

NickLindleyFx

Currently, this set up looks to be my favoured for the week. AUD/USD has found a resistance zone, as marked both on the weekly and daily after a bullish rally - are we due a sizeable pullback? With resistance found, price has formed a new lower high as highlighted supported with a technical strength score of -5. To me this could show that bulls are becoming...

NickLindleyFx

Potential short set-up in play here on AUD/JPY. last week's candle closed as some strong rejection of the 89.990 weekly resistance level confirmed by a daily bearish engulfing candlestick. Zooming in on the 4-hour time frame, my short bias is strengthened with a bearish close below the ascending trend line alongside a break below the previous higher low - this...

NickLindleyFx

My long term bias for USD/JPY is currently set as bullish. It seems a bullish ABCD pattern is forming, with the previous week bouncing from the 107.50 key level looking to form the C leg. Although price is currently in a short term bearish trend, looking at the bigger picture I favour the bullish momentum confirmed by multiple confluences. This pair holds a very...

NickLindleyFx

My bias fot GBP/JPY is strongly bullish, especially with this view on the weekly. Last week price closed above 148.00 key level which it has previously rejected on 3 consecutive occasions. With this in mind and a strong technical strength score of +10 I firmly believe 164.00 Monthly resistance will be the next stop. After some time within range consolidation I...

NickLindleyFx

EUR/GBP has me looking for a potential short entry! After a non convincing bullish run, it looks like the bulls have ran out of steam and the bears may come into play. Price, at the end of last week, closed with a strong bearish engulfing with my bias supported with a strong supporting technical strength score of -7. Across the hourly and 4 hour chart, a bearish...