RuckSack

RuckSack

The bearish opportunity was short lived, similar to GBPUSD yesterday where price made a move outside the range but not with any significant momentum. Going to be watching the yellow top side TP for any reaction, but we could well be looking at the bigger channel instead.

RuckSack

Missed the entry here. After the bear break of the TL I moved it to cover the BOD scenario which gave us a close back inside. The next candle then pushed back to close on support, meaning the entry trigger came on the 2am close. R:R is no longer viable so we're on the bench for now.

RuckSack

Downgrading EURJPY this morning. Despite having the channel outlined, the movements within it and the anchor points are not cohesive. I'm not looking for 1h Div with TMP back to the top.

RuckSack

Break isn't clear yet with TL being borderline BOD status. Preferred scenario would be further tightening with 1h Div entry but i'm not sure we'll get it. -Daily RSI has room to continue

RuckSack

On Vol break of the range is likely to be the play next week, however any move is be well telegraphed meaning potential traps ahead.

RuckSack

Not my favourite for next week. The spike late last week has shifted price out of the range but with the intersecting TL being an objective entry at best, and even then we would need to see structure build. Top side TL short would be an option if we get there, but I think we would find clearer opportunities elsewhere.

RuckSack

Uptrend is still intact after updating the lower TL to BOD status. Div setup is under threat too, but another on Vol break lower would be an objective entry.

RuckSack

Nice impulsive breakdown at the end of last week, but 105 level will be crucial for further downside as we could consolidate in the range.

RuckSack

Looking for continuation to the downside, however we will need to analyse the price action if/when it reaches the lower TL.