MJB-FX

MJB-FX Updated 

Price swept the Asian low, tapped into a key Fibonacci retracement zone (0.618), and is now rejecting higher. Liquidity grab ✅ Discounted entry ✅ Bullish momentum incoming... Targeting the Asian high as the next liquidity pool. Let’s see if we get the move!

MJB-FX Updated 

Price just swept the Asian high, grabbing buy-side liquidity. Now, I expect a reversal to target the session low (sell-side liquidity). Liquidity taken ✅ Premium pricing ✅ Bearish order flow incoming... Short from here. Let’s see how it plays out. TRADE Entry: 1.09931 Stop Loss: 1.10157 Take Profit: 1.09431 This is a 1:2.2 targeting 50 pips.

MJB-FX Updated 

Taking a short on EUR/USD after sweeping the Asian session high. Liquidity grab above key levels followed by rejection? Classic setup. We've tagged the 0.618 Fib level and are showing signs of exhaustion. EMA acting as dynamic resistance—expecting a push lower towards discounted levels. Risk managed, execution clean. Let's see how it plays out. TRADE: Entry:...

MJB-FX Updated 

Just entered a long on GBPJPY after a clean sweep of the Asian session low. Price dipped into a key area of interest, rejecting from the 61.8% retracement, signaling a potential reversal. With liquidity grabbed and bullish momentum kicking in, I’m looking for a push back toward the highs. Let’s see if this plays out! Managing risk and riding the...

MJB-FX Updated 

We see a strong impulsive move to the upside, breaking through previous resistance levels. The upward push suggests bullish dominance, but price has now entered a corrective phase, retracing from recent highs. Key Areas of Interest Resistance Zone at 1.1150 - 1.1160: This area, marked as an "Area of Interest," aligns with previous swing highs, making it a...

MJB-FX Updated 

EUR/JPY is showing signs of bearish momentum after a recent retracement into key resistance levels. This analysis will break down the key levels, market structure, and potential trade setups based on the 1-hour chart. Bearish Market Structure & Resistance Rejection The chart indicates a clear downtrend, with lower highs and lower lows forming. The recent rally...

MJB-FX

I'm selling EUR/USD as today's strong NFP data has boosted the dollar, reinforcing USD strength. With the BoE rate decision already priced in, the euro faces additional pressure, making the pair vulnerable to further downside.

MJB-FX Updated 

#EURJPY My market view for this week. I’m spotting a solid bearish opportunity. The pair is currently holding above the 0.50 Fib, but I’m expecting a push up to the 0.382 Fib before the sellers take over. From there, I anticipate a deeper drop toward the 0.618.

MJB-FX

#AUDJPY My market view for the week. AUD/JPY is looking like a solid bearish play this week. The pair is currently trading below the 0.382 Fib, which is lining up nicely with the ATR and EMA levels. I expect a push higher before sellers step in and take control.

MJB-FX

#XAUUSD My market view for the week. Gold ended last week on a bullish run, but I’m keeping a close eye on a potential reversal. I’m expecting price to push up toward key resistance around 2740 before a retracement down to 2660 over the course of the week.

MJB-FX

Little push into that fib level with a nice move up to follow. The DXY is approaching a nice key area that has seen strong buyer volume, which should support a strong $. JPYX is trading bearish, looking like it has a fair bit to move too. Which would support JPY weakness. Conservative with TP on this, but I am setting a limit order when the market opens. Entry:...

MJB-FX

AUDUSD has reached a critical support level. After a significant downward move, the price is now resting on a key level that has historically held significance. This suggests a potential reversal point. Key factors driving my decision: Strong support level: The pair is currently trading at a respected support level on both the daily and 4-hour charts,...

MJB-FX Updated 

Selling USDCAD at 1.375: Potential Resistance at Fibonacci Level. Strong Daily Level: It coincides with a strong daily price level, which has previously acted as support or resistance. Prices often turn around at these levels, so it's a good place to be cautious. 61.8% Fibonacci Retracement: 1.375 also lines up with the 61.8% Fibonacci retracement level....

MJB-FX Updated 

EURNZD Sell-Off: Potential Resistance at 1.81220 Key Daily Resistance: 1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels. Fibonacci Retracement: This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify...

MJB-FX Updated 

Shorting EUR/AUD as we've reached a compelling technical confluence zone: Price Resistance: EUR/AUD is currently sitting right at a daily and 4 hour resistance level, indicating potential selling pressure. Fibonacci Retracement: Price aligns perfectly with the 0.618 Fibonacci retracement level, adding another layer of bearish technicals. Employment Data as...

MJB-FX Updated 

The EURJPY pair surprised everyone this morning with a sharp drop, wiping out potential buyers clustered around the key support level of 172.0 This unexpected move might leave some hesitant, but I see it as a buying opportunity. Downward Correction, Not Reversal: While the recent drop was significant, it's important to remember the bigger picture. The EURJPY...

MJB-FX Updated 

Traders seem to be cautiously optimistic about the US dollar against the Canadian dollar Here's a quick rundown: Recent data: IG client sentiment shows a recent shift towards a net-long position on USD/CAD, the first time since early June. Possible reasons: This could be due to factors like the Bank of Canada pausing interest rate hikes while the US...

MJB-FX Updated 

There's a growing sense of caution around GBPCAD. While recent technical indicators have suggested a strong buy, a closer look reveals potential exhaustion from buyers, particularly at key levels across multiple timeframes. Key Levels and Exhaustion: Weekly, Daily, 4-Hour Charts: GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour...