CapitalHillFX

CapitalHillFX

Still being patient with AudNzd and waiting for the opportunity to place a long position. Price seems to be finding difficulty breaking the weekly support level it's currently bouncing at. I'll be waiting for a strong bullish H1 or H4 candle closure before deciding to go in.

CapitalHillFX

The setup I called on AudNzd is beginning to play out. Initially, when price rejected from the weekly support level, it popped above the minor swing level and failed to find support for a bullish rally and completely violated the zone. Now, we've rejected off of the weekly support level once again, and popped above this minor level to try and find support. I...

CapitalHillFX

Even though I just got out of a trade last night with UsdCad, it appears another trading opportunity may be setting up. Price is heavily retracing back to the weekly support/resistance level and daily non-horizontal support level. The previous uptrend structure that price has created, along with the couple of confluences leads me to believe that we may have a...

CapitalHillFX

Looking back at the setup I called earlier in the week on AudUsd, we've just broken the minor swing level that was of interest. This is identifying some significant rejection away from the weekly support level that has been established. If we could get a candle closure past this level, with a solid retest. I'll be waiting for a bullish "bounce" before placing my entry.

CapitalHillFX

Now that price has fully retraced back to a significant daily level as well as a daily non-horizontal support level, the bullish rally looks much more promising. I'll be patient and wait for a strong 4H bullish candle closure to convince me that the bulls are taking over, before placing a buy order on this pair.

CapitalHillFX

Looking at EurChf, we could be seeing a potential buy setup form. Price is having trouble breaking the weekly significant level after multiple attempts to wipe it out. A weekly non-horizontal support level is also identified for confluence that a bullish push may be in sight. If price could manage to break the daily resistance level and pullback with a retest as...

CapitalHillFX

Looking at AudUsd, price has been in a steady sell off since the market opened at the beginning of the week. We have now approached a weekly support level, and price is beginning to bounce. Just looking at the market structure, it seems that the pair is relatively oversold and a potential retracement towards the H4 horizontal resistance level is very viable....

CapitalHillFX

EurJpy looks very interesting for potential sell opportunities. Price is continually creating bearish market structure, and a downtrend area has been developed. I'll be waiting for a full retracement back to the daily significant level before looking for sell orders. To add confluence, we have an H4 trend line area that price could potentially reject away from...

CapitalHillFX

Looking at EurGbp, price has broken a daily horizontal level and is currently coming back to retest it right now. If price is able to make a bearish push past the minor H1 horizontal level, that will be a sign of weakness for me. I''l be waiting for a break and retest of this minor zone to identify significant rejection from the major zone before going short.

CapitalHillFX

Turning to UsdCad, I still have a bullish bias for this pair. I expect a bullish rally to reject at a major level of interest. Price has recently rejected away from an H4 horizontal level. I'll wait to see if price could crack the H1 horizontal level before retesting as support. If we could crack this resistance, this would show a sign of strength and buy...

CapitalHillFX

Looking at EurUsd, we could be seeing a potential sell setup forming. Price has created bearish market structure for the past couple months now, and I'm looking to capitalize on a short-term movement. Scoping into the 4H, I've identified a horizontal level that seems to be of interest. Price has broken and retraced back to the level to test as resistance....

CapitalHillFX

Looking at CadChf on the daily timeframe, it appears we have broken a significant horizontal level and we are currently retracing back. I will wait for a full pullback to the level before looking for some bearish rejection to place sells.

CapitalHillFX

Looking at CadJpy, price seems to be creating bearish structure ever since we've rejected away from the weekly resistance level. This could signal us that more downtrend structure is in store. Looking at the 4H timeframe, price is currently sitting around a significant H4 level that is acting as support. If price could crack this support and retest as...

CapitalHillFX

Looking at the analysis I provided yesterday for UsdCad, price had a strong bullish candle closure past the M15 horizontal level. Now, I'll just be waiting for a pullback to the zone before looking for an entry. The USD recently had a bullish surge, so market structure for many of these pairs have been violated. Now just patience and discipline to wait for the pullback.

CapitalHillFX

Analyzing AudUsd, price had its strong bearish push due to the bullish sentiment of the USD. Now I'll just be awaiting a pullback to this significant H4 level before looking for sells. Scoping down to the M15 timeframe, I'll want price to extend into .74600 before identifying some bearish rejection. We shall wait and see

CapitalHillFX

Looking at UsdCad, we could be seeing a potential buy setup forming. At the end of last week, price closed below the hourly horizontal level that is clearly identified. At market open, price had a bullish push past the level is currently pulling back to retest as support. If price could present bullish rejection by wiping out the M15 horizontal level, that will...

CapitalHillFX

The setup I called yesterday is playing out today. We've extended back to the 88.000 zone and now I'm waiting for some bearish rejection. I've identified a M15 significant level that seems interesting if price could manage to crack below. I'll be waiting for a break and retest of this zone to trigger a sell order. Until then, just patience.

CapitalHillFX

Looking at AudJpy, price has broken and retested a daily support/resistance level on the 4H chart. The only thing to wait for now, is significant bearish rejection away from the level. I've identified a M15 significant level that price needs to crack below before I deem it overall valid rejection away from the daily zone. I'll be awaiting a break and retest of...