15M entry with generous stops on the British Pound. Both high and low timeframe market structure looks bearish
eurusd is currently consolidating at a range low (weak support) and price action has put in lower lows and lower highs
All last week DXY was ranging but earlier today we got a break of last week's lows; DXY has already seen multiple gaps to the downside this week. This could be the start of a downtrend
i see these gaps every day.. heres a possible EU tradeplan using the 15M timeframe to go along with it more often than not gaps fill and provide an intraday or scalp style play as that happens - if dxy gaps up, eurusd will probably move up as the gap fills
4H breakout play on usdjpy market structure and after a week of huge news
bearish bias (intraday price action around HTF range highs), using fibs because the market here is a bit choppy
if you zoom out and look at the higher timeframes it looks like this is the top of a swing high, in a pullback, off the initial HTF bear move
104 was a support zone in the past multiple times until recently there was a bearish break. Upon the retest (as resistance) it failed to hold, price traded right through, and 104 is again supported as price action makes higher highers and higher lows.
104 was a support zone in the past multiple times until recently there was a bearish break. Upon the retest (as resistance) it failed to hold, price traded right through, and 104 is again supported as price action makes higher highers and higher lows.
Looking for a support turned to resistance type play from these price levels
LTF support just broke as HTF price action is at a range low, looking more for downside in EURUSD
LTF support just broke as HTF price action is at a range low, looking more for downside in EURUSD
Bullish on EU today, using the 1.618 Fibonacci extension for targets.
told yah.. i have been playing these gaps for so long I can tell which way the gap will happen
yesterday we got a gap down as well, lets see if history repeats itself here more often than not gaps fill and then continues in the direction of the gap
looking at the 1H it looks like GU might be putting in a higher low, risking for new highs
taking an entry and looking for a possible top in USDJPY
looking at a 4H entry with weekly targets. any downside would pretty much invalidate the bullish bias so stops are tight