DCM_Markets

DCM_Markets

Long continuation on this pair looks to be the most probable direction for the London session tomorrow. But knowing that GBPUSD 4h structure is down, care must be taken when confirming correlation with currency strength. As long as the 4h HL is intact, only short break and retest opportunities would be taken. If given the correct amount of confirmation or pattern...

DCM_Markets

Looking for continuation long on creation of a new HL. Should price find bullish momentum from previous lows, I'll use the 1h/30m to find break and retest patterns to trade with the trend.

DCM_Markets

Still only looking for short opportunities on this pair due to the 4h LH at 1.2660 still being intact. Although, the strong bullish momentum from 1.2540 doesn't fill me with confidence. Lets see how GBP retail sales ad USD PPI sway this market.

DCM_Markets

Looking for price to create a new 4h HL. This can be confirmed by 1h/30m breakout of this descending wedge pattern, looking for entry on retest and confirmation if the momentum is too strong for an initial momentum breakout entry. If price breaks bearish, clear lower timeframe analysis and plan for the next move.

DCM_Markets Updated 

Ascending wedge pattern on the 1h/30m, agreeing with my 4h bias. Confirmation of entry would come from initial momentum showing a pattern breakout to the downside. This strategy has an average win ratio of 57% over the last 2 years. I always use 3:1 RR.

DCM_Markets

The 4h looks overbought, this technical structure can lead to strong bearish momentum or creation of an opposing trend from the highs. I'll look to the 1h/30m for a break and retest of a strong structural level for continuation short. Once we see the retest, entry would be taken on multiple wick rejection confirmation and initial momentum.

DCM_Markets

Watching for downtrend continuation for the rest of the week, my strategies use 4h structure to look for lower timeframe breakout patterns. This provides me with bias and entry, keep it simple.

DCM_Markets

Holding a short bias going into the new year, with downtrend continuation. I'd expect low volatility and movement into the Christmas period, creating the perfect time for consolidation and pattern creation around the 143.00 round number key level. Looking for entry into continuation early on in January.

DCM_Markets

Price break its structural lower high to create a new HH, with strong bullish momentum from the 1.25 round number key level. For an uptrend to form, price will have to create a new higher low for continuation of bullish momentum. A strong key level is needed to grab enough buy orders for a move towards a new higher high. I wouldn't expect too much movement over...

DCM_Markets

Hi Traders, I'm expecting continuation of our long bias now price has shown initial bullish pressure on completion of an over-sold LL. I like to use the 4h as my structural bias timeframe, looking for structure, location for continuation and agreeing price action closes. Once these points have been confirmed, I move to the 1h/30m to look for break and retest...

DCM_Markets

Hi Traders. The start of December saw bearish pressure on GBP complete a double top formation at its 4h higher high. As per my previous posts on GU direction, we saw a break of the double top neckline and continuation of the bears as expected. I like to use the 4h as my structural bias timeframe, looking for structure, location for continuation and agreeing...

DCM_Markets

Descending trendline breakout creating the potential for a fresh uptrend. The consolidation of price can offer confirmation of trend upon a strong breakout to the upside.

DCM_Markets

Descending trendline and downtrend breakout into uptrend. Price is starting to consolidate around 144.00, the previous HH candle close. Is price action offers a strong rejection weekly close at support prior to a strong HH, I'll buy. If not, I'll wait for a major correction, following the strong creation of a new HH.

DCM_Markets

Technical analysis and 4h structural bias for GBPUSD. A break and close below 1.26 needed to confirm the over-extension bias. If price breaks higher, 1.26 is the new HL and the long bias continues with the trend until the previous HL is broken.

DCM_Markets

After the last 4h push phase, price now looks overbought. The depletion of the long trades that created the HH, should allow for the collection of short orders during the break and retest of 1.8920. Looking for a reversal short trade on the break and retest of 1.8920 key level.

DCM_Markets Updated 

GBP/USD short continuation on creation of a new LH at 1.2390