NickLindleyFx

NickLindleyFx

Weekly - On the weekly, overall my bias is downside after rejecting a possible ABCD bullish pattern which I preferred last week. Daily - On the daily price has put in place a strong bearish engulfing candle after the 50ema reacted as resistance, this could show that bears are now coming into play to push this pair further down and create new lows. Hourly -...

NickLindleyFx

My bias has now changed on this pair since last week: Weekly - On the weekly I can see a second doji formed, this could show rejection of a possible downside move after the previous doji reacted as a rejection from the key level. Zooming out on the weekly time frame I can see a bullish wedge formation forming. Higher lows reacting on a valid trend line with...

NickLindleyFx

I like the look of this play on the higher time frames. Although I've missed my personal entry preference I still think this pair will go higher and complete a long term ABCD pattern. The C leg formed on the 50% fibonacci level which coincided with the weekly key level of 0.6830 and formed strong weekly candles from this level. this could give us the fuel to...

NickLindleyFx

On the daily chart I can see multiple confluences acting as resistance for this pair. the monthly level of 112.00 has help strong with confluence with the 50ema, this has been supported by a touch of the 50% fibonacci level on the 4 hour chart. Price has formed a bearish engulfing candle from this level showing sellers have entered the market. Going lower onto the...

NickLindleyFx

This pair is one I will enjoy watching play out in the future, and here is a potential idea of what we could see happen with GBP/USD. personally I believe sterling is extremely oversold, and those who sold on Brexit have now taken their profits and allowing buyers to enter the market and push price up in the longer term. I believe we are due a considerable pull...

NickLindleyFx

Looking into AUD/USD long term I have no clear stance, however we have seen multiple rejections of the 0.77 level. Price has currently hit and rejected the weekly key level of 0.75 where price put in place a bearish engulfing candle on the daily showing sellers entering the market at this level. This also lead to a strong dojo candle on the weekly which could...

NickLindleyFx

AUD/JPY is a pair I am continuously changing my bias on. During last week my bias was long as the weekly candle looked to close creating a new higher high however as the week came to a close price pulled back and closed below our key level of 83. Looking at the bigger picture we completed at 50% fibonacci play on the weekly - this level also confluences with a...