A clear break, and now retest of a 2h zone has occurred. As this sell position goes in line with the overall downtrend + below multiple EMA'S, the odds are now stacked in favor of a continuation to the downside.
Forecasting a break of a 4hr zone towards the upside. Price action is now favoring the buyers as we approach the start of some nice volatility into Tuesday.
As price is pulling back on this the previous London session's push to the upside, confluences along the 21 EMA are building up to get back into buy positions.
Working on the 8hr timeframe, as the retest of a large market zone is currently being established, sell positions are now in place.
As GBPJPY is reaching a key daily level, the overall forecast is to see a pullback off of the key zone in place currently. Stop is placed just above where a massive amount of liquidity is spotted.
Analysis is done on the micro-time frame (15 min) as a strong bullish push reached an important orderblock. Now short positions are in play in this countertrend trade.
As USDCAD has grabbed the required liquidity from the initial breakout to the upside, the retest to the 1.27850 daily zone is where I'm anticipating price the continue the current uptrend.
2nd entry is currently active. 4 confirmation trade on both positions. This is a time within my trading strategy where adding onto a winning position is a smart move.
5 CONFIRMATION TRADE. Aiming for a 100+ pip trade, with profit taking done 50% of the way through.
Efficient selling opportunity on USDCAD. Retest of a current significant zone will effectively bring this currency pair towards the downside.
As price is struggling to continue to the upside, sell confirmations have been built up for a NY session reversal.
5 Confirmation trade in place for EURAUD. In line with the overall trend and market structure.
As newly established higher-low points are being printed towards the upside on USDCAD, buy opportunities towards my 2 areas of interest are expected to be the key levels where trade confluences are built up.
5+ Confirmations on initial 110+ Pips trade. Re-Entries Hit final take profit as well! More to come.
4+ Confirmations, as we wait for the support point to be broken, along with rejections to the upside.
EURAUD GBPJPY EURNZD USDCAD ALL COVERED FROM A BIG PICTURE PERSPECTIVE.
160 Pip Target Profit. Opportunity presented itself at 4 a.m EST. ( 1 Hour into London Session).