Londonsession
GBPUSD London Open shorts maybe? Good Morning traders
Today we have the non farm payrolls coming out, For now I have my eye on GBPUSD, expecting the volume to carry GBPUSD lower, Price is trying to break support, We need to see price break and close blow current m30 support and then retrace and reject before we can consider selling,
My 1st target is at 1.25550 where I will secure most of my positions and leave the rest to continue, We have a clean range if around 34 pips so we could see price give us the push down with minimal struggle,
I will be closing the trade before NFP should price fail to continue the push to the downside, again, we have to wait for the m30 candle to break and close below the 125.630 mark
Happy trading,
Renaldo Philander
EURUSD bullish continuationHello traders
In the past two weeks, the bulls have been in full control making higher highs and higher lows. I have also noticed that the move is being accelerated during the London session and also the Newyork session (NY).
On Tuesdays and Thursdays, the price is on an uptrend. On Wednesdays, the price is having a small reversal so that we can have another sniper bullish entry on Thursdays.
I believe that the price will continue going higher to fill the liquidity void that is still present on the upside.
Fellow traders, I recommend that you continue following this trend to be on the safe side.
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EURUSD: The Range Trap 🐻The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity.
Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys)
With this theory, we could assume that this fresh demand will be the zone to give buyers strength to push for that sell-side liquidity.
If the price respects this demand throughout London, I will consider buying into the weak supply, updates to follow.
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UK100 Index Intraday Analysis:UK100 loss all of its gains after the announcement of negative non farm productivity. UK100 took rejection form 7617. My target is support of 7461.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
LONDON LONGS GOLD SETUPIm currently long on gold this late night before nyc starts due to this nice set up asian session range created dipping below a order block low inside a demand zone created at a prev daily level. price tested the demand zone and broke strucure leaving the clue for this set up once it came and attacke the sell stops resting below prev nyc lows. I also noticed a fair value gap created after the low was breached showing bull volume and a market shift. Im expecting for price to hit the bos high created at the prev daily close and attack prev daily high for london session liquidity grab before nyc session. if price sells off and breaks demand level again then this idea is no longer valid. my target is tues and mondays high, i will be trailing profit once first poi is hit. thanks for watching
GBP/JPY SellsGBP/JPY has been bullish for some time now with high momentum pushes on all timeframes
there has been a recent correction and some support formations after a decent rally.
with no significant pullback in place since market open, I opted to take some sells should we break the previous candles lows come market open.
On this occasion, the market fell below the Pre-London candles and triggered my position.
Targets are ambitious but they are also in a significant structure zone on the H4 timeframe.
If the H4 timeframe is to see a decent reversal, I have this area in mind to be where it will find consolidation
Stophunts from the London Session. EURUSD shortBasically London did nothing today, I recognize a range and think that we saw a stophunt low before the US start, and now the stophunt high at the daily P pivot.
Since the SHL happened first, it should now go down after the SHH.
Pattern is as an example in the chart
In addition, the basic idea is still bearish for the week. See previous idea
Greetings
GBP/JPY - 21/03/2022H1 Timeframe
HTF pulling back from this bullish structure. I have identified a hidden demand level I will be looking to trade if we get a pullback deep enough.
M15 Timeframe
Price currently consolidating on the LTF. I expect price to break support and push deep into the hidden demand zone before breaking back above support and retesting. Similar to GBP/USD
FX:GBPJPY
EUR/USD - 21/03/2022H1 Timeframe
Price moving very slowly bearish, for more I consider this more of a consolidation which goes against my trading plan. The overall structure of the market is bearish but until I see a strong bearish candle pushing price lower I would be very wary about opening any positions here.
M15 Timeframe
Need to wait for more hourly confirmation.
FX:EURUSD
USD/CAD - 21/03/2022H1 Timeframe
Price breaking structure to the upside. We have seen an attempt to break back within but HTF momentum has managed to push price higher.
I am currently in an open position with this looking for HTF momentum to continue to push price higher, even if we do set a new trend for this reversal we could still take a slice from this deep pullback.
M15 Timeframe
We have a nice break and retest of structure with a strong wick rejection and momentum.
Looking for momentum to continue to push price higher.
FX:USDCAD
GBP/JPY - 15/03/2022H4 Timeframe
Bullish momentum continuing, could the market be over-extended? Maybe. But as long as the market is presenting me bullish structure I will be looking for the buys until it tells me otherwise.
M15 Timeframe
Have a 3 tapped support here holding nicely. Not enough confirmation for me to enter this trade at the momentum but I will be looking for the continuation up to the immediate high
Plan of Action
If we can get a few more wick rejections from this support and a strong bullish momentum candle then I will be looking to enter a buy in the market
FX:GBPJPY
EUR/USD - 15/03/2022H4 Timeframe
Price is currently breaking above an interim structure. We are actually already in this trade looking for a wick fill up to that M15 resistance level. If we hold above this interim we could see a strong bullish run however, keep in mind we have just previously been in a bearish cycle so this bullish momentum could be short lived.
M15 Timeframe
I entered this trade as soon as I saw the rejection on the M15 from the H4 interim level. I'm looking for these wicks to be filled up to this M15 resistance before assessing the position again. With the previous M15 momentum this trade does look very convincing to me.
Plan of Action
If price reaches the M15 resistance then I will need to see a break above and continued momentum to look for the bullish extension.
FX:EURUSD