FxScientist999

FxScientist999

We have GBP coming out of a level of support directly below the current price. The overall chart is in an uptrend both on the daily and on the 4H. There is also no high impact news coming out today, so a buy opportunity awaits us. Taking this buy now with TP1,2 &3 identified by the green lines on the chart. Disclaimer: Past profits do not predict future earnings....

FxScientist999

Looking at a GPBNZD retest on this structure area it is approaching and then a push back to the upside to the above zone. A possible 100+ pip trade. No news in the GBP or the NZD so lets watch this as the end of the GPB session approaches.

FxScientist999

Price has just broke the 4H downtrend on GBPNZD. Look for a retest of this zone on the top side and there we will make our entry. As long as price breaks and retests on top of this zone we have our confirmation for a long entry. Additionally, look on the Daily chart and you will find that price is in a true uptrend dating back for a while. Usually when price...

FxScientist999

Looking at a similar setup on GBPCHF as my analysis on GBPJPY. Price has begun retesting the bottom side of this zone. The larger trend is an overall downtrend and we may be able to grab 30 to 40 pips here as well on a sell. There is a Credit Suisse Economic Expectations report coming out at 4am Eastern/New York time, but it is not high impact so I am not against...

FxScientist999

Looking at price possibly retesting on the bottom side of this horizontal zone. If it does I'll be taking this down to the next horizontal zone around 132.200. GPB news has caused the pair to be pretty volatile lately, so I wouldn't hold this trade any longer than the next news report, which is the Flash Manufacturing PMI tomorrow morning at 4:30 am Eastern/New York time.

FxScientist999

Scenario #1 for a long term sell currently playing out. We are seeing lower highs and rejection of the zone price is currently in, which could be signaling back towards the downside. Important news updates coming for the GBP at 7am, looking to decide my position after the news traders settle down. If price breaks this structure we will be looking towards scenario...

FxScientist999 Updated 

My earlier scenario is beginning to play out. Stops into profit and looking to see if price will push down to 16.000 or lower.

FxScientist999

Looking at the long direction here if price breaks and retests on top of the above structure. If it breaks the below trend line and retests on the bottom side then we will make our targets the next zone below. Lets see how this plays out, pay attention to the GBP news I posted in my GBPJPY analysis. Also for the NZD pay attention to the NZD's GDP rate coming out...

FxScientist999 Updated 

GBPUSD looking interesting as the US has a number of important news items coming out this week. Pay attention to the rates in comparison to what the previous rate was, as well as the results of some of these important meetings. Pay attention specifically to news like Retail Sales m/m, Core Retail Sales m/m, FOMC Statement and Conference, Unemployement Claims. As...

FxScientist999

Check the charts. Looking for a break and retest in either direction, then we make our move. Lets see how the GBP acts this week. Pay attention to the news specifically the GBP's Claimant Count Change rate, CPI y/y, Official Bank Rate, Monetary Policy Summary and the JPY's Monetary Policy Statement, BOJ Press Conferenceand National Core CPI y/y. Also check the...

FxScientist999

Price approaching another major level. Depending on next week's GBP news and what price does at this zone, we could see action to the upside or a break and retest of this structure to the downside. Even if we see upside action at first, I wouldn't be surprised if price still eventually broke through this level to the downside. For that reason I'm focused on...

FxScientist999 Updated 

Given the news info, we have seen huge drops in the GBP over the last week. Now, considering the Daily Fib from most recent low to most recent high, it seems that price is approaching the beginning of the Golden Zone. Additionally, price is also approaching the Daily uptrend line. Judging from what price does around this area, we will have our confirmation for the...

FxScientist999

ETHUSD playing within this structure zone. It looks to be on the topside of the zone so I am expecting some sort of buy action either today or over the next week. However, I wouldn't be surprised if price tried to head back to the below trend line.

FxScientist999

Not sure whats up here. US30 swimming in-between the previous uptrend line and the most recent downtrend line. Price struggled to reach 28,200 earlier this week and has been creating lower highs since that push. A lot of people say the stock market is going to crash again. I'll have sell stops set under that strong horizontal level in case. But beware, usually...

FxScientist999

Trading the break of the above structure or the rejection of this structure and return to the downside. Buy Stop and Sell Stops are set on the chart. Shorter profit targets for me.

FxScientist999

A Triangle/Wedge formation on Gold over the past couple weeks. Looks like we are due for a breakout. Here are my possible entry points depending on what price does.

FxScientist999 Updated 

Lets see what US30 and Nas100 do out of this zone.

FxScientist999

Pretty large support zone here. GBPJPY literally jumped off of it. Lets see if it retests and continues in the down direction, or if it bursts back through the above zone to head back north.