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Londonsession

USD/CAD - 21/03/2022H1 Timeframe Price breaking structure to the upside. We have seen an attempt to break back within but HTF momentum has managed to push price higher. I am currently in an open position with this looking for HTF momentum to continue to push price higher, even if we do set a new trend for this reversal we could still take a slice from this deep pullback. M15 Timeframe We have a nice break and retest of structure with a strong wick rejection and momentum. Looking for momentum to continue to push price higher. FX:USDCAD
Long
by Official_VIFX
2
GBP/JPY - 15/03/2022H4 Timeframe Bullish momentum continuing, could the market be over-extended? Maybe. But as long as the market is presenting me bullish structure I will be looking for the buys until it tells me otherwise. M15 Timeframe Have a 3 tapped support here holding nicely. Not enough confirmation for me to enter this trade at the momentum but I will be looking for the continuation up to the immediate high Plan of Action If we can get a few more wick rejections from this support and a strong bullish momentum candle then I will be looking to enter a buy in the market FX:GBPJPY
Long
by Official_VIFX
EUR/USD - 15/03/2022H4 Timeframe Price is currently breaking above an interim structure. We are actually already in this trade looking for a wick fill up to that M15 resistance level. If we hold above this interim we could see a strong bullish run however, keep in mind we have just previously been in a bearish cycle so this bullish momentum could be short lived. M15 Timeframe I entered this trade as soon as I saw the rejection on the M15 from the H4 interim level. I'm looking for these wicks to be filled up to this M15 resistance before assessing the position again. With the previous M15 momentum this trade does look very convincing to me. Plan of Action If price reaches the M15 resistance then I will need to see a break above and continued momentum to look for the bullish extension. FX:EURUSD
Long
by Official_VIFX
USD/CAD - 15/03/2022H4 Timeframe Price is currently holding below an established level of resistance. Price respected the double bottom pattern well and is continuing to set new highs. If we see a break above resistance then we could see a continuation up to the immediate high. Keep in mind price could reject of this resistance and pullback before we see that continuation bullish. M15 Timeframe Price is currently holding the current high, the momentum of the session is good and if we break above I will be looking to enter a long position. The range is a little tight but we should be able to achieve this. Plan of Action I will be waiting for price to break above this high on the M15 and monitoring the H4 to watch for momentum starting to push the market from the HTF this is they key of this trade. FX:USDCAD
Long
by Official_VIFX
GBP/JPY - 14/03/2022H4 Timeframe Price presenting bullish structure, price has approached the support of the previous long term consolidation. We could see price break within this structure and continue backup to resistance. M15 Timeframe Price currently consolidating on the lower timeframe, the current resistance is the H4 consolidation support. Plan of Action I will be waiting for a break above resistance and then be waiting for a retest to confirm my bias before entering the market. FX:GBPJPY
Long
by Official_VIFX
GBP/USD - 14/03/2022H4 Timeframe Price has previous broken and retested one of the HTF key levels and bearish momentum has continued. I will be expecting this momentum to continue and look to capitalise on this. M15 Timeframe We could see price pullback to the previous low. Plan of Action If price does pullback to the previous low then I will look for price failing to break above and then enter with momentum down to the next support level. Failing this I will be waiting for the support break and HTF momentum to back the continuation FX:GBPUSD
Short
by Official_VIFX
USD/CAD - 14/03/2022H4 Timeframe Bullish structure being presented, price creating higher highs and higher lows. Price recently retested the previous low which is now acting as support creating a double bottom. We have approached a high value key level. If price can break above then I will expect a continuation up to 1.28400 M15 Timeframe If price can break out of the immediate high then we should get the momentum from the HTF to set us up for a nice risk/ reward trade. Plan of Action I will be waiting for price to break above the immediate high and then look for a continuation up to 1.28400 FX:USDCAD
Long
by Official_VIFX
USD/CAD - 08/03/2022H4 Timeframe USD/CAD has finally broken out of structure and set a higher high. We are approaching a level of resistance where price recently failed to hold the breakout so we do need to be mindful of a reaction from this zone. If we do break above I would expect heavy momentum to follow to break away from the consolidation. M15 Timeframe Price is currently performing a break and retest after recently breaking out of structure to set a higher high, we could get an entry if we get momentum of this key level however, the range may not be sufficient to capitalise on. Plan of Action I will be waiting to see how price reacts to the key level on the M15 and look for any signs that the key level is holding strongly. If the range works out good then we just need to wait for momentum in the market to support us taking a buy position. FX:USDCAD
Long
by Official_VIFX
Morning Analysis - 07/03/2022Good morning traders, Hope everyone had a wonderful weekend. Are we ready for another week of trading? GBP has started to breakout of structure now and had a very convincing bear run, we seem to be pulling back now. USD/CAD has broken back into consolidation. However, with the rejection from resistance and GBP starting to pullback we could see USD/CAD continue back down to support. I have traded a break and retest from a key level on the M15 and I am expecting momentum to continue now we are starting to see cross USD pairs begin to move to the upside. What are your thoughts on this and what are you looking to trade for the day? Let me know in the comments below.
Short
by Official_VIFX
Avacta at Key Level Avacta Group - Short Term - We look to Sell at 99.10 (stop at 112.85) Preferred trade is to sell into rallies. Previous support level of 105.00 broken. 50 1day EMA is at 100.00. Previous support at 105.00 now becomes resistance. Trading close to the psychological 100.00 level. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 105.00, resulting in improved risk/reward. Our profit targets will be 51.65 and 33.70 Resistance: 105.00 / 130.00 / 150.00 Support: 70.00 / 50.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LSE:AVCTShort
by Saxo
EUR/USD - 25/01/2022Good morning traders, few currency pairs on this mornings watchlist. Looking into EURUSD, will we see another push back into H4 support of 1.12900? Will we see price begin to break this support that has held since the beginning of the year. I have identified a interim level of support we I can see price struggling to break, there has been strong momentum into this level with a rejection. Looking for momentum to continue and enter with a wick entry using a limit order.
Short
by Official_VIFX