MassCapital

MassCapital

Market has traded up to the key level of 1.245. Sellers here have pushed the market lower and this London session has provided traders with an opportunity to short from here. Looking to target the lows around 1.23 and this may come off the back of news.

MassCapital

Been A while since my last public post. GBPUSD is looking to run higher after stalling out at a key support level. Daily on the right, H4 on the left. An easy lond play. Follow us on socials, Insta @UBTFX

MassCapital

This pair has put a valid engulfing on the Daily & H4. Looking for the mentioned highs to be taken out. A 78.6 retracement fib lines up also at the engulfing low levels. We will see how this one goes. Do follow us on IG @ UBTFX for more!

MassCapital

Large TL break to the upside providing the long bias. Price has now put in place a nice retest of the H1 support. The golden mean 61.8 Fibonacci lines up with this level. The 127.2 extension of the move lines up with the structure highs. Fore more..IG @UBTFX

MassCapital

Looking for the lows to be met after the trendline has given way to the downside setting up the whole move. 2 bearish engulfings off the 78.6 retracement on the H4 and H2 timeframe. Looking for the 161.8 extension which lines up nicely with the trendline structure lows.

MassCapital Updated 

Market is trapped in a range. Current play is from the highs to the lows. H1 structure has broken to the downside, a fib measures at 61.8 of this swing, the 127 extension lines up with the range lows.

MassCapital

Weekly - Lower low, lower close, Price is looking to head lower and find the next key support level. Daily - Price has come up to retest the key daily res at 1.5630 and closed with a long wick indicating rejection from this level. H4 Entry - Morning star reversal pattern off the 61.8 fib and daily resistance. Looking for the 127.2 as extension targets which are...

MassCapital

Weekly - Price came down and closed conveniently above key support forming a bullish pinbar indicating rejection of lower levels. Daily - Clear resistance is above and price is drawn to these levels. H1 Entry - Bullish engulfings on the H4 by green arrows, a CTL has broken showing nothing else holding price down. 129.600..only a matter of time.

MassCapital Updated 

Weekly - Key support is holding, the market has had trouble closing below this level for a few weeks. Daily - A bullish engulfing candle at support shortly follow by a pinbar suggesting the market is rejecting lower levels. H4 entry, Bullish engulfing off a 61.8 fib retracement is suggesting higher highs will be met. Targets - These are at weekly...

MassCapital

61.8 retracement off previous swing. 127.2 Extension target in line with weekly support

MassCapital

A move off monthly support 113.00 level 61.8 retracement of the trendline break A retest of the trendline. Extended targets at 127.2 fib extension also near weekly resistance @ 116.00

MassCapital

Confluences on the chart

MassCapital Updated 

Confluences are on the chart.

MassCapital

Confluences are all on the chart.

MassCapital

Its all on the chart Fibonacci play

MassCapital

- A 61.8 retracement of the previous swing down - The upper band of the channel has been tested, expect the lower end to be hit - A counter trendline has given way to the downside - An extension of the move will provide an area for targets along with previous structure

MassCapital

Reasons for getting long this pair: -A trendline break and a retest of the trendline. -50% retracement which also comes to a round number of 74.00 -Higher Lows indicated by the yellow circles -A break of the retracement trendline initiating my long entry, targets are at the 127 extension.

MassCapital

The chart on the right is showing the whole setup of this move with a retracement trendline that has now given way to the upside. - On the chart on the left, the lower time frame, we can see that price has broken this trendline, come back to retest it with a 61.8 retracement of the initial breakout thrust with long wicks indicating buyers were protecting the 0.84...