EURGBP Buying dips but first wait for stop hunt....Hello,
from the intraday perspective, we are testing the potential demand zone.
BOE interest rates decision is great event for more market manipulations, so we can see stop hunt below 0.9080 / 60.
If so, then we should see a quick return above 0.9115 / 25, and then a retest of 0.91 which would be a confirmation of long positions :)
1st target 0.9180 / 9210
Complicated ? Maybe a bit, but the chart means more than 100 words :)
Good luck
Fxtrading
EURGBP H1EURGBP M30 - Saw a break and retest of this pennant last week, but this was quite late during the week and markets then closed, and also failed to set new highs beyond the breakout high. I'm neither bullish or bearish on this until we hear more from the vote later on today. This will then set the tone going forward for the GBP markets and to a degree the EUR markets
USDCAD H4 - Short Trade SetupUSDCAD H4 - Slow markets like I mentioned in the video rundown, typical Monday, USD bear setup here on UC. New lows being set is required, nice break and retest already seen, CAD was an out performer last week, and USD was weak, trying to established whether this is a continued theme into this week too.
EURGBP Intraday: buy dips... again, 9140 first targetHi
what we have seen lately it was aggressive defend of 0,90 after some stop hunt below, more weak short to be shaken out in my opinion so for now Im looking t buy dips:
towards 0,9010 and 8980
tight stop below 8970
first target 9140
second target 9340
good luck
NZDUSD the correction not over yet NZDUSD weakness extended overnight, breaking below the early
August low and uptrend form March, currently at 0.6597/75, thus
completing a small top and finally managing to follow through on
the recent bearish “outside day” and the bear “wedge” that is still
in place.
Beneath .6503 could see weakness extend even further with next
support seen at .6466, ahead of .6450/41. It’s worth highlighting
the ‘wedge measured objective’ is at .6400.
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Nice strong GBP rally for the last few weeks, performed excellently, saw a bit of exhaustion towards the latter part of last week as we failed to set highs, that being said, we haven't set new lows, so we are technically range bound until we see a breakout. Generally would like to catch an opportunity to buy from support and hopefully break new highs (as indicated on the chart).
USDWTI H4 - Long Trade SetupUSDWTI H4 - Really want to pulldown to this support retest zone, we pulled down to 40.10, but think ideally 40.80 is optimal entry, seen an existing pullback in the last 15 minutes of circa 30 points. But don't want to jump in prematurely, patience pays, patience always stops FOMO fuelled losses!
GBPJPY shorts in play, 132,50 and 130 as medium term targetsHi,
yesterday evening news hit the market:
UK press reports the UK is close to abandoning a post-Brexit trade deal with EU
and thats one of the helping hand for sellers...
Selling between 135,80/136,40
Stop above 136,50
Targets:
1. Intraday 134,30/20
2. 132,5
3. 130
Good Luck !
GBPAUD H4 - Long Trade SetupGBPAUD H4 - Broke the interim S/R zones as we kicked of this weeks trading, rejection the major resistance at 1.80800 and have since seen an aggressive selloff, mentioned in the rundown video we would like to try and catch bid at 1.79800, relatively tight stops and great take profit extension. Potential 7.6RR.
EURCAD current pullback as buying opportunity ?Hi,
I do belive that current pullback will be same in size as what we have seen last week, so it could bring Us down towards 1,5450/40 and that is going to be my entry zone...
( Eur is struggilng at the NY open mostly because of uncertenity related to EU summit and EU rescue Fund
Stop under 1,5420
Targeting 1,5580/1,56
Good Luck!
USDWTI H4 - Long Trade SetupUSDWTI H4 - Plenty of time left on the H4, still an hour to go, but a break would be nice, we have been ranging far too long on WTI and some other pairs. Sideways markets are horrible. A break of $41.00, retest and then break of $41.50 should clear some space. Wishful thinking though, given the fact we have been moving sideways for over 5 weeks
CADCHF H4 - Short Trade SetupCADCHF H4 - We monitored this yesterday and were looking for the retest, the rejection on the H4 candle started off nicely, but with just a couple of minutes left it's wicked up a fair bit, not to confirmation we are after, but lets just sit and wait for a little more clear rejection, possibly dig into the lower timeframe.
EURUSD: Shorts possible but... 1,1380/40 first target thenHi,
bulls are "cleaning" stops ahead of ECB tomorrow or is it something more ?
If its stop hunt only we should see now creation of upper shadow.
... and if thats the case I will go with shorts
Stop above 1,1490
First Target 1,1380/40
Second Target: 1,1220/1180
Good Luck!
EURGBP ... and here we go again, looking to buy...Hi,
we have a possibility to see higher levels again but this time Im not going to buy the current dip. What I would like to see is move back above 0,9010/15 and then pullback to 0,9000/8980 and thats going to be my entry.
stop under 0,8960
Three targets: 0,91, 0,9165 i 0,9300/50
Good Luck