Taking this one to a higher timeframe chart so you can see what's going on here, the photo is simple, so let this explanation paint the picture. We have been in a large corrective structure for quite a while, that should soon be over. To me, this could already be done, due to the sharp drop that took us below the daily structure line. We are pulling back above...
I'm annoyed, mainly because I did not trust myself or I would have been in this from the bottom. Oh well, waiting for any good pullbacks to go long here. Lots of NZD news coming out this week which I expect to have positive impact on most NZD pairs. Watching GBPNZD and EURNZD, they should fall a decent enough amount to get some long term buys in on those, but I...
It is looking like the corrective phase is over and the next JPY bullish run is on for this pair. I should have published yesterday, and you can see we are already in this move. I like to set multiple TP's along the way to secure equity into my account, and I have one move in for a large swing. If this start to play out, as it has, I will only be looking to stack...
So what I am looking at is the completion of the internal zig zag (blue) already over and price to make its way up from here. You can see we are already in the move, and will take any opportunity we can still to go long. Early days at the minute so will look back closer to London. Expecting to see a completion of either the flat pattern (red arrows) which would...
Looking to get back in for another position or two after this pullback. The current order we have in is risk free, and it could be hopeful that a large drop all the way down to the fib ext projection could happen. If it doesn't we will still secure some good pips regardless. THINGS TO WATCH RIGHT NOW. Sell limit placed around the 50% retracement, also a...
No orders in this one yet, but a complex correction lasting weeks looks to be over soon. A lot of GBP pairs presenting strong upside, some have already started moving well like GBPAUD. Will be watching this one coming into London session, expecting some more downside, but not much. Good probability of going long so just waiting for the best risk to reward to get in.
GJ looking good for more upside, either now or in the coming sessions. Holding a nice h4 floor at the moment (green box) and looking to have completed the internal flat pattern, having push just that little bit passed right now. With any entry, its a maximum 3% RISK of account and 3% MINIMUM gain, so never worried no matter the outcome. Lets see, happy trading!