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 if price sells off and breaks demand level again then this idea is no longer valid.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
Londonsession
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
USD/CAD - 15/03/2022H4 Timeframe
Price is currently holding below an established level of resistance. Price respected the double bottom pattern well and is continuing to set new highs. If we see a break above resistance then we could see a continuation up to the immediate high. Keep in mind price could reject of this resistance and pullback before we see that continuation bullish.
M15 Timeframe
Price is currently holding the current high, the momentum of the session is good and if we break above I will be looking to enter a long position. The range is a little tight but we should be able to achieve this.
Plan of Action
I will be waiting for price to break above this high on the M15 and monitoring the H4 to watch for momentum starting to push the market from the HTF this is they key of this trade.
FX:USDCAD
GBP/JPY - 14/03/2022H4 Timeframe
Price presenting bullish structure, price has approached the support of the previous long term consolidation. We could see price break within this structure and continue backup to resistance.
M15 Timeframe
Price currently consolidating on the lower timeframe, the current resistance is the H4 consolidation support.
Plan of Action
I will be waiting for a break above resistance and then be waiting for a retest to confirm my bias before entering the market.
FX:GBPJPY
GBP/USD - 14/03/2022H4 Timeframe
Price has previous broken and retested one of the HTF key levels and bearish momentum has continued. I will be expecting this momentum to continue and look to capitalise on this.
M15 Timeframe
We could see price pullback to the previous low.
Plan of Action
If price does pullback to the previous low then I will look for price failing to break above and then enter with momentum down to the next support level. Failing this I will be waiting for the support break and HTF momentum to back the continuation
FX:GBPUSD
EUR/USD - 14/03/2022H4 Timeframe
Price pulled back deep after the new lower low was set around 1.08200 - I am expecting price to continue this bearish momentum to set further lows.
M15 Timeframe
We have established a level of support which price is failing to break
Plan of Action
If we see price continue to push lower, I will be looking for a break of support and look for the HTF momentum to kick in and push price down further
FX:EURUSD
USD/CAD - 14/03/2022H4 Timeframe
Bullish structure being presented, price creating higher highs and higher lows. Price recently retested the previous low which is now acting as support creating a double bottom. We have approached a high value key level. If price can break above then I will expect a continuation up to 1.28400
M15 Timeframe
If price can break out of the immediate high then we should get the momentum from the HTF to set us up for a nice risk/ reward trade.
Plan of Action
I will be waiting for price to break above the immediate high and then look for a continuation up to 1.28400
FX:USDCAD
USD/CAD - 08/03/2022H4 Timeframe
USD/CAD has finally broken out of structure and set a higher high. We are approaching a level of resistance where price recently failed to hold the breakout so we do need to be mindful of a reaction from this zone. If we do break above I would expect heavy momentum to follow to break away from the consolidation.
M15 Timeframe
Price is currently performing a break and retest after recently breaking out of structure to set a higher high, we could get an entry if we get momentum of this key level however, the range may not be sufficient to capitalise on.
Plan of Action
I will be waiting to see how price reacts to the key level on the M15 and look for any signs that the key level is holding strongly. If the range works out good then we just need to wait for momentum in the market to support us taking a buy position.
FX:USDCAD
Morning Analysis - 07/03/2022Good morning traders, Hope everyone had a wonderful weekend.
Are we ready for another week of trading?
GBP has started to breakout of structure now and had a very convincing bear run, we seem to be pulling back now.
USD/CAD has broken back into consolidation. However, with the rejection from resistance and GBP starting to pullback we could see USD/CAD continue back down to support.
I have traded a break and retest from a key level on the M15 and I am expecting momentum to continue now we are starting to see cross USD pairs begin to move to the upside.
What are your thoughts on this and what are you looking to trade for the day?
Let me know in the comments below.
GBP/USD - 04/03/2022Seeing strong momentum coming into the markets this morning.
Want to see a continuation of this bearish pressure as we come into this interim level on the M15 timeframe.
EUR/USD has just approached a key level of support on the M15 too. If we see price break this level GBP/USD should follow suit and we could see a further run for the bears.