-3RD BOUNCE OF TRENDLINE AND REJECTION -GREAT RR -SET TO DROP AGAIN -FUNDEMENTALLY LOTS OF UNCERTAINTY WITH THE POUND AT THE MOMENT -COULD WAIT FOR A 1H BREAK AND CLOSE PAST A COUNTER TRENDLINE TOO -KEEP EYE OUT FOR FIB LEVELS ESP THE 0.618 -HAPPY TRADING PEOPLE -THATS MY FIRST TARGET -IL TAKE 70 PERCENT OFF THERE
-DETAILS ON THE CHART -ABCD EXTENTION 0.618 FIB HELD -BREAK AND CLOSE ABOVE TRENDLINE IN STRUCTURE -LOOKING BULLISH -DAILT TF BULLISH AND BIGGER PICTURE IS BULL TREND -YOU COULD WAIT FOR A BREAK AND CLOSE ABOVE DOTTED BLUE LINE BUT THIS IS VALID NOW
-I THINK YOU CAN SEE WHY IM TRADING THIS SHORT -YOUR CHOICE IS WHERE TO JUMP IN -WAIT FOR THE BREAK OF THE FIB 0.382 LINE OR A SMALL TRENDLINE ON THE HOURLY TIMEFRAME -GOLD SHORTS HAVE BEEN GREAT RECENTLY -IM SEEING CONTINUATION -BREAK RETEST AND DOWN
EURUSD LOOKING VERY BEARISH TO ME -BROKE AND RETESTED THIS DAILEY TRENDLINE -COULD BE A GOOD ENTRY FOR SHORT HERE -LIGHT BLUE BOXES ARE LEVELS OF RESISTANCE OR SUPPORT -CIRLCES REPRESENT REJECTION -I WOULD WORK MY WAY DOWN THE TIMEFRAMES FOR A GREAT ENTRY
CHART SPEAKS FOR ITSELF REALLY -BEARISH IN MY EYES -TRENDLINES PLOTTED AND A SIGNIFICANT BREAK OF OUTER TRENDLINE AT THE BOTTOM WOULD CONFIRM SHORT -MAKING A SERIES OF LH LL -POTENTIAL BOUNCE TO THE BLUE CIRLE AREA BEFORE ANOTHER DROP -PATIENT TRADERS WILL WAIT FOR BREAK AND CLOSE OF 1.4400 WHICH IS PROVING STRONG SUPPORT
CHECK OTHER USDCHF ANALYSIS FOR HIGHER TIMEFRAME ANALYSIS - FIB 0.5 PROVED TO BE SOLID RESISTANCE -BEARISH ON THIS PAIR -HEAD AND SHOULDERS AS SHOWN -I THINK IT HAS A LONG WAY TO DROP -RISK REWARD IS GREAT -IF YOU WANTED TO BE ABIT MORE PATIENT YOU COULD WAIT FOR A BREAK IN STRUCTURE
SOME IDEAS ON USDCHF ON THE DAILY TIMEFRAME -TRENDLINE BEEN RESPECTED AS YOU CAN SEE -DECISION TIME BREAK OR BOUNCE HERE -A BREAK ABOVE THE TRENDLINE WOULD LEAD TO A BREAK ABOVE 1.0000 OUR MONTHLY LEVEL OF RESISTANCE -WHICH WOULD LEAD TO NEW HIGHS -WE COULD DROP DOWN TO 9.5000 BUT THIS IS MAJOR SUPPORT AS YOU CAN SEE IVE POINTED OUT -POTENTIAL ABCD EXTENSION...
HIT MONTHLY RES OF 1370.00 PLENTY OF REJECTION AROUND THIS LEVEL TOO POTENTIAL REVERSAL NOW RR 1:3 TARGETS SHOWN AS BLUE LINES FROM STRUCTURE WANT TO TAKE ADVANTAGE OF THIS LITTLE SHORT GOLD-0.52% CAN MOVE FAST TOO SO TIGHT STOPLOSS
ABCD FAILED TO MAKE A NEW HH SHOWING WEAK BULLS I WANT A CLEAR BREAK AND CLOSE BELOW TRENDLINE BEFORE ENTERING IF YOU WANTED TO SIT OUT FOR NOW WAIT FOR PRICE ACTION NOT ONLY AROUND THE TRENDLINE BUT AROUND MONTHLY SUP OF 1.2830 BREAK OF THIS AND IL BE ADDING SHORTS FIB LEVELS SHOW A C EXTENSION BUT NOT ON THE CHART BECAUSE THERE WOULD BE LINES EVERYWHERE GOOD...
SMALL SHORT HERE RR 1:4 DOUBLE TOP ON 4H RUNNING OUT OF STEAM SMALLER TIMEFRAMES BREAKS IN STRUCTURE: TRENDLINES ETC REJECTION FROM THE WEEKLY RES OF 0.7560 FAILURE TO BREAK LAST HH AS SHOWN WITH BLUE LINE WILL BE WATCHING PA AROUND THIS AREA 1% RISK TO MAKE 4% STICK TO THE RULES AND LET THE TRADE COME TO YOU
AUDUSD In a really aggressive bull trend here -Making significant HH AND HL -ABCD Structure in play as you can see -Bouncing on fib 0.5 -When it wants to this pair can really move -Broke the counter trendline and retested which is a great sign -Stops as shown -I have multiple targets -First target 76800 -Second target is the D extension -We have broken and held...
USDCAD Strong bear trend currently -break and retest of the trendline on the hourly here -Rejection from our weekly res of 1.313 and a number of wicks below that showing buying weakness -Cleared the last HL -This has been dropping dramatically for quite some time now -Target monthly sup 1.2830 -abcd structure as shown
EURJPY has been in a downtrend for quite some time -Really aggressive moves including strong pullbacks -On the weekly timeframe we are seeing a lot of rejection around the 122 and not even been able to close below 1.24 -This tells me that theres some upward movement to follow -An aggressive trade would trade off the inner trendline you can see off the right -A...
GBPAUD Long -Great Risk to Reward here -Strong down trend here -ABCD Structure posible in play -FIB levels act as great targets -Only entering this at the break and close on the 1h timeframe of the blue trend line -Watching the MAs for the blue to move to the upside -Key weekly support level of 1.9400 and psychological level is important if this holds, another...
Great opportunity here to long EURUSD -Bull trend -Really strong level of support here at the 0.618 fib retracement -This area is also a previous support level on a number occasions if you look left -Stops at the 0.784 fib support -ABCD structure possible in play here to. -This blue line has acted as major support 5 times on the daily TF - Great risk to...
GBPAUD SHORT -CURRENTLY IN DOWNTREND VERY BEARISH -A B C AND D EXTENTION TO BE MADE -MAKING HIGHER HIGHS AND HIGHER LOWS -HOVERING AROUND THE 0.618 FIB RETRACEMENT -MAS LOOKING TO CROSS TO DOWNSIDE -WILL BE 3RD BOUNCE OF TRENDLINE AS YOU CAN SEE FROM RED CIRLES -TARGET 1 TIES IN NICELY WITH A FIB LEVEL AND KEY MONTHLY SUPPORT AROUND 1.9900 THINGS TO BEAR IN...
VERY BEARISH ON THIS PAIR -DAILY TRENDLINE REPECTED A NUMBER OF TIMES -ABC AND D STRUCTURE -LOWER LOWS AND LOWER HIGHS BEEN MADE -0.618 FIB RETRACEMENT COINCIDES PERFECTLY WITH THE TRENDLINE AND WEEKLY RES 132 -1ST TARGET THE LAST LOWER LOW -2ND TARGET FIB LEVEL 0.27
AUDJPY Currently in a strong downtrend from higher TF -Simple trendline break trade here -Rules: break and close below on at least the hourly retest of the broken area of course rejection of that area -Apply risk/reward and money management -Have a couple of targets -Jump in Happy trading!!!!!