GBPUSD H4 Similar outlook to XAUUSD, we have already shown a response to our indicated sell zone, albeit, just at the wrong time. GBPUSD pinned into our 1.26 confluence zone following the cluster of data we saw on Friday. If this zone sees another test of 1.26, this could be something we look to short, in line with USD strength.
We are into some typical trading volume after the bank holiday period. 105 support seems to be holding nicely for the moment, more volume to flow in as we see in NA morning and US stock market open. Really hoping to see the dollar gain from here and therefore looking for *USD shorts and USD* longs.
GBPUSD H4 This chart highlights the H4 trend edging towards our sell zone price of 1.26. There are several confluences converging at this price level, bolstering our anticipation of a reversal and a resurgence in dollar strength. We've taken proactive measures by setting alerts and now await developments with patience. This forthcoming bullish extension could be...
Gold is beginning to trend downward as the dollar shows a slight uptick in strength at the outset of the EUR/LON session. While the dollar index remains within the range of 105 to 106, a breakthrough above 106.100 or 106.200 could signal further gains for the USD in the upcoming wave. However, it's worth noting that we've been witnessing high timeframe...
UK100 H4 Sat on a key level of resistance, this 8000 price offer a whole/psychological number, H4 resistance and H4 demand, totalling our 3 confluences to signal. I’d love to see some price action confirmation, but often with these stock indices, it’s not worth waiting for.
XAUUSD H4 We gapped downside on market open and sold off somewhat during the eastern session, this resistance/psychological price of $2400/oz seems to hold well for the moment. Support indicated at $2360. This support has also held for a little while too, don’t fix it unless it’s broken, we can simply look to trade this 400 point range until either resistance...
US30 H4 Lets not over complicate things here on US30, we are struggling to break this 37600 support price, 38,000 remains intact. Sell limit replaced here with a tighter stop than yesterday, we have a clear range offering best part of 400 points.
USDJPY D1 A little way away here, but we have a nice confluence retest zone at 152.000. Strong area of previous resistance, now acting as support (hopefully). Alongside D1 demand which was formed upon the volume witnessed when we broke out upside. Alerts set, waiting patiently.
US30 We saw some nice rejections from this 38,000 region yesterday, hoping for the same type of play, we rejected very close to that 38,000 price. Pushing a high on the retest of just 38,030. Still bullish for the dollar and therefore looking for US30 and US100 to pull south until sentiment changes. Order details as detailed below. Plenty more mileage beyond...
EURJPY H8 We are sitting nicely at our previously identified sell zone, we ended the week very red last week, before seeing some corrective play to start the week off today. A swing short to start the week.
USDJPY H8 We were following USDJPY last week and this was something that unfolded nicely for us after a little bit of patience, profit was taken, risk was mitigated and we pushed back to entry following a stronger dollar during the NFP event on Friday. We are now pushing to the extreme levels of our major resistance price. Slightly south of 152 for the moment....
US30 H8 A strong open for the USD so far to lead into this trading week ahead, US stocks see a heavy move south during the eastern session and early EUR/LON. Pulling south as much as 215 points so far following the upside market gap. I would love to see price retest that 39,000 whole number sell zone during the volatility of the US stock market open, that would...
UK100 H4 We pushed just shy of 1R on this setup after it was shared yesterday. Still holding this at around +10 points. Slow burner but when we crack, we will crack! Expecting this setup to make its move at some point this week, patience pays.
XAUUSD H4 Price dumped yesterday following the cluster of inflation data we witnessed, US stock indices whipsawed, XAUUSD dumped beyond our support on the LTF, but held on the H4. A slight bounce was we are currently witnessing, before the next potential downside leg. US stock market volume to follow in 1 hour 45 minutes time. Lets see what it brings.
UK100 D1 Pushing the absolute peak of our resistance price here, trading at 7755 ish. A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points. We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat. LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
🇺🇸US100 D1 Another stock index markup here, for those that had a watch of the weekly watchlist video, you would have seen the detailed analysis on this, but we are simply waiting patience for a test of this 17k price, a huge psychological price with ATH’s, D1 resistance and supply. A truly strong area of confluence, and a rejection here would be amazing,...
🇺🇸DXY D1 Lots of consolidation seen on the dollar index over the last couple of weeks, and we don’t really have any true indication of where we want to direct. The daily trend is still active and pointing to the downside, I’d just like a little more confirmation that we are seeing bearish control again. The targets on this basis would be 100.00 as previously...