GBPUSD Short SetupTrend: Bearish
Structure: Channel / Breakout
Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside.
What followed was a breakout of resistance and what appears to be a confirmation of the breakout.
We now look to take a sell to previous low.
Please wait for MACD and stochastic confirmation as MACD is slightly bullish
Popular
EURJPY Short SetupTrend: Bullish (although breakout has occurred)
structure: Trend line and Channel breakout and retest
Plan: Price has broken out of a flag pattern/parallel channel, we now see a retest and rejection of the lower channel bound.
The expectation is price will retest and move towards previous low.
AUDUSD Long SetupTrend: Ranging
Structure: support and resistance / Zone
We have identified a buy zone test multiple times on the 4HR time frame.
We now see price has once again respected this zone, however the stochastic on the one hour timeframe is at 90 so we look for a small pullback for a long entry.
AUD NZD Long Set UpTrend: ranging
Structure: Descending wedge.
Plan: We have identified a strong lower resistance level that has been tested and respected four times over the last month.
We now look to take a long after the latest bounce to the 0.5 fib level. Those who are aggressive traders could set TP at the upper trend line.
AUDUSD Long SetupTrend: Ranging
structure: Flag pattern / support and resistance
Plan: We have identified a flag pattern / a horizontal support and resistance zone.
Inside this we observe a potential downward trend. upon breakout we would enter to the upside. Alternatively it has respected lower bound and the trade is active.