After thursday & fridays spike into the psycological level of 120.000, price current is sat in almost a wedge shape. For the time being I will be monitoring this set-up, but my idea scenario would be for a break of the trendline / recent structure shown on the image, a retest of this to confirm bullish preasure and some lower timeprice price action to confirm the...
Weekyl closure on CJ was extremely bearish. Taking out all the bulls towards the end of the week, this pair look set to sail down into 78.000 region and possible further from there. 78.500 was broken and re-rested at the end of last week. I will personally be looking to short this pair next so long as price action and the structure lines up. Ideally a retest...
Guys GBP/CHF is shaping up NICE for the week ahead. Last week we saw a break and close below our daily support level of 1.17500 which is a great indication as to what might come this trading week. If we break this down to the 4 hour, a clear downtrend of structure is appearing, with lower lows and lower highs. What I will personally be looking for is a...
Were seeing some strong bullish movements on CHF/JPY - but everything comes to an end.... At the minute there is no sell opportunity on this pair, but the analysis shows my forecast for the coming days/week. We have been in a strong daily downtrend for some weeks now, starting from around the 114.000 region. Price right now is pushing into 111.000 psychological...