StaffordTrades

StaffordTrades

This Is the other way I was looking at this pair... Price could potentially continue to the upside a couple more pips create a 'fake out' for trend following traders but if we look closer you can see price would have created a strong double top formation and then continue to the downside from there. After looking over this I feel like this is more of a route to...

StaffordTrades

My bias for this pair is currently short, price looks to be slowing down after breaking out of an ascending uptrend support level, once it broke that level it formed a ranging market but with very small candles in the market H1 chart. Friday was not a very good day for trading anyway as the movement in the market was very minimal due to bank holidays over in the...

StaffordTrades

Looking at GJ going into the new week I have just marked up and analysed where price could potentially be heading as the market opens later tonight and heading into Monday. This is a simple technical look at what might happen, after the last impulse move to the downside this pair had before the market close on Friday we can see that price had previously broke and...

StaffordTrades

insight on what I am currently looking at with this market if you look you can see price rejecting a small level of resistance. I have always known these major pairs to re visit key zones in market structure and then continue in the desired direction. This takes a lot of patience to catch a move like this but if youre wanting to capitalise on smaller moves along...

StaffordTrades

Looking at USDJPY as we head into the new week we can see that price previously had an impulse move to the downside which has pushed price right through a supported zone on the H4 time frame, this was a pretty strong level in the market and I can only expect this zone to hold quite strong as we continue on. As price looks to be heading to the upside we can see...

StaffordTrades

I have recently looked at this pair and after doing a brush over analysis this pair is currently ranging across all time frames and ended the week with a bearish daily candle, slightly showing a bearish engulfing but as the market is ranging I personally would not let this indicate the direction of the market. I will be waiting for price to break one of the marked...

StaffordTrades

As we can see with GBPJPY it has had quite a massive impulse move to the upside recently and many of us managed to take advantage of that move. last week my bias on this pair was shorts all this week but then price broke through resistance with no real market structural retest, so I unfortunately didn't react to this move in time. Having re looked at the market...

StaffordTrades

Looking at this market I was originally long bias but having looked further I can see that the market was raging between two levels for quite some time and then lowering the time frame we can see price is trending down as It constantly breaks and retests levels. I have fibbed this also and we can see a 50% rejection where at that point price drops below a...

StaffordTrades

Potential short throughout next week, As the market closed Friday price had already broken out of the upside supported trendline and because of that my bias was to sell this pair from then on. we can see that price has struggled to break above the market out resistance zone for quite some time. so initially this is what I am looking to do and how I am looking to...

StaffordTrades

I have just shorted UJ based on this analysis you see here, Price has previously broken out of the supported trend line to the upside and we can see that after the break price has been ranging back and forth and it has tested the top zone of resistance multiple times now. Also the fact that price tested that level and rejected it to them come back and test once...

StaffordTrades

This is what I am currently looking at with the GJ market, I have noticed price breaking levels all day! and it has been presented to me that this is a good possible out come for future moves for this pair, a break out of market structure and then a clear retest of the key resistance level at the top would allow me to sell this market to its previous lowest low....

StaffordTrades

I can see price heading up and respecting that valued resistance zone and heading to the downside for future moves. But I will only be targeting my desired RR which is 1:4, I am currently waiting for more confluences to be met before I enter this specific trade that being a moving average crossover wick rejections of the current zone etc... Lets be patient and...

StaffordTrades

I am seeing price has come down to a major support zone, price hasn't managed to break below that level since October last year.. this indicates for me that this is a strong value zone and price can easily reject this level and bounce to the upside. On the H4 timeframe we can see price has rejected that zone more than 4 times and those have been strong wick...

StaffordTrades

Very simple structural lay out, we can see clearly that price is respecting that level of resistance to create a wick rejected double top. This is clear indication of more downside movements. Now I am already in this trade, I entered on earlier confirmation but price moved against me. but now I am seeing price react to that current level, so from now I will...

StaffordTrades

Price has broken and retested a upside channel so looking at this now I am expecting price to take a turn to the downside as it rejects that resistance level, it already has rejected once if we look closer. Price has also created a lower high as it breaks through the support level. lets be patient and see how this goes. Trade safe, Thanks

StaffordTrades

I am currently watching EU during this session as price has respected a zone of resistance for a couple of days now and if it does break through the bottomed support I will be waiting for a retest of the broken level and then with confirmation we will go short to the next level of market structure. Easy high potential low risk trade here if it plays out this way,...

StaffordTrades

As we look at this pair we can see that price has formed a 'bullish pennant' across all timeframes, but I will not be entering anytime soon as there is no real conformation of this move just yet, I will initially be waiting for a serious break and retest of that current resistance zone and then we enter after the retest (with confirmation) so we can minimise the...

StaffordTrades

My initial thoughts on EU this week, we have recently broken an ascending channel support and now it is looking to retest that area before heading to the downside. I personally don't see any entries right this minute but if we wait and see if the market goes near the drawn markings we could potentially have a short in place here. Patience Trade safe