Price made a lower high on 4h and has failed to make higher high, consecutive lower highs on 4h. Negative us news has brought price to retest highs. Anticipating the bearish structure to hold. Targeting 1.25600
Strong US data, lower high broken, 76.2 fib retracement, sellside liqidity tapped. anticipating move down with gbp news and us ppi data release.
GJ overbought. Whispers of jpy intervention, speculative drops.Head and shoulders on daily.Bearish pound. Initial target 180.000 with potential of further bearish correction to 175.000.
Gold trading back above 1850, broke 30 min resistance. Bad news for US, Unemployment claims higher. Anticipating a retest of 1880. A break of 1855 on the 4hr timeframe would give better confirmations for a buy entry.
Price reacted off weekly level of 1.04000 and broke daily structure to the upside. 4HR has been trading within a wedge but has been making higher lows. Buys taken on fib retracement anticipating the EU high impact news to cause a break of the wedge.
Daily broke structure to the downside, however price has been moving up and last trade got stopped out. Taking a risky reentry with 11pip SL at the lower high. Although 4hr printed strong bullish we are still below that high and with FOMC there could be a big corrective move down below 127.000.
Price rejected 127.150 with multiple wicks on the 4hr. This is a retest of that zone after breaking previously. JPY newws today. Expecting jpy strength.
Price broke 160.000 4h resistance during london. Current 4hr making lower wick but has maintained above 160.000. Expecting a continuation into 161.000. Caught fib golden zone buys on the 15min tf.
Price broke 1.29000 on the 30 min tf, with the hourly closing bearish im anticipating bearish continuation according the plan posted earlier.
Price has been bearish for 4 weeeks, last week showed some stalling of bearish pressure. Higher highs n lows indicate bullish pressure mounting. GBP news due at 3:15 gmt expecting this to be a catalyst for a bullish retracement. Caught entries off golden fib zone.
Previous week closed with a massive rejection under weekly resistance. Current weekly has made a top wick and rejected on the 4hr, creating a lower high. Price still above key 4hr zone 1.29000, which is also a psychological level. Waiting for a break and retest on the lower timeframes to go short.
Price tested weekly support zone at 157.000, dipped below but has been making higher highs n lows on the lower tf. Overall GJ trend is bullish. Expecting the weekly to reject from here and move up for a bullish continuation next week.- Stop was too tight on last entry- reentering.
Price tested weekly support zone at 157.000, dipped below but has been making higher highs n lows on the lower tf. Overall GJ trend is bullish. Expecting the weekly to reject from here and move up for a bullish continuation next week.
Price rejected off daily support after consolidatingg around 1.30000, currently testing resistance triple top, looking for a break and retest during LND-NY switchover to take buys into daily wedge resistance.
Had a deeper retest thank expected but took another entry on the 764 fib level. Looking to set SL to breakeven after 10 pips in profit.
Price at weekly support, previous week closed bullish with consolidation at weekly 764 fib level. Prev 4hr closed bullish breaking 1hr resistance, Just had a retest, anticipating a bullish move at nyse open. Considering GBP bank holiday this may suffer from lack of volatility.
Previous 2 sells got clapped, looking to make one last attempt at catching the down move. Previous weekly closed as a strong bearish rejection. Expecting the swing high to be respected and sells to occur around 162.180. If this level is broken then bullish pressure ensues and sells would be invalid.
Price tested 161.500, weekly high made. Now expecting a bearish continuation of weekly trend, prev week was big rejection. Wedge broken on 15min tf. This could swing down to 158.000.