BayonetMarkets

BayonetMarkets

Very volatile week, so trading with caution. Looking for EURJPY to bounce higher

BayonetMarkets

Yen is bullish post weekend of risk. However, we are at key support line, where the bulls are waiting.

BayonetMarkets

Lower highs and lower lows forming Looking for a push lower to the next supply zone

BayonetMarkets

Trading the trend :)

BayonetMarkets

Fake breakout Now bullish momentum and 1:5 RR %

BayonetMarkets

EURJPY breakout identified. We have a floor and ceiling zone to bounce between. Current bearish trendline has been broken, to the upside. Looking for a push higher.

BayonetMarkets

Price has broken a very key level and all previous short positions are now closed. Stops are behind the same key level which should act as new support.

BayonetMarkets

Previous EURCHF long was stopped out for a 1% loss. The new trendline suggests buyers are in control and this presents a lovely 1:5 RR trade

BayonetMarkets

Price found support at the 0.7044 level Bearish trend line has been broken to the upside. I don't normally trade a stop this tight but the RR is great.

BayonetMarkets

Trading between the lines, USDJPY on the daily chart presents a lovely bullish trade. Waiting for price action to confirm.

BayonetMarkets

Price double topped at 0.9955 The pair is now trading back below support There is a clear supply zone as 0.9846 A break below this and the first fib retracement will suggest further moves to the downside.

BayonetMarkets

Stops behind the support line. Price has pulled back and longs are being re-entered 1 : 6.36% risk reward ratio

BayonetMarkets

Previous EURCHF was stopped for a 1% loss Price has now found good support again and is trending above the 4hr bearish trendline. Great risk reward ratio

BayonetMarkets

Price has presented an opportunity to press the ZAR to 16.50 The 4hr bearish trendline was broken and new support was found to the upside. I am well aware that the USDZAR can become extremely volatile, hence the tight stop. Any break below the current trend line and i will be taking profit.

BayonetMarkets

I have just closed my previous EURUSD short for a 3% gain. This pair is still very much in a bearish run - I am looking for a pull back before more bears enter the market. The Italian budget watchdog is likely to reject the Governments fiscal plan, adding to the weaker Euro sentiment

BayonetMarkets

Price has already been on a fantastic run higher, alongside GBPNZD / GBPCAD. Price has been trading higher whilst respecting its resistance zone. We have now broken through this, and come back down for a re-test. A wave of buyers have entered the market, suggesting there could be another leg higher. Fundamentally this trade is risk heavy as Brexit negotiations...

BayonetMarkets

GBPNZD has already been on a fantastic run higher, alongside GBPAUD which i will cover separately. Price has been trading higher whilst respecting its 4 hour trend line. We have now broken through this, and come back down for a re-test. A wave of buyers have entered the market, suggesting there could be another leg higher. Fundamentally this trade is risk heavy...

BayonetMarkets

Price has reached resistance and sellers are entering the market. This pair has a very tight stop loss and fans tactic risk to reward ration. Looking to play the bounce between the two supply and demand zones.