DXY H4 - Neutral BiasDXY H4
Simply waiting for a breakout of this trading range, 90,900 to 91,300 ish. Quite a significant S/R zone, seemingly bottoming out from the previous bearish H4 trend from the start of April until present date.
Hopefully, a break of this range will help indicate direction for these USD*** and ***USD pairs going forward for a few swings next week.
Londontraders
EURUSD H4 - Long SetupEURUSD H4
A strong H4 break here on EU, waiting for a correction back down towards our hopefully newly found support zone, we can simply look to scout out long entries from here up to breakout high initially and then towards our 1.21 region, area of resistance and weekly key level.
USDJPY H4 - Long SetupUSDJPY H4
Really interested to see what happens as we approach our 109.200 price again. A double bottom/support confirmation would be great to look to trade long back up to the previous high price of 111 ish.
Really good RR on this trade offering in excess of 1:6. Keeping a close eye on other ***YEN pairs and also DXY.
NZDCAD H4 - Short SetupNZDCAD H4
We spoke about another potential entry on NZDCAD if we were to double top, that's exactly what we saw, not quite there on NZDUSD yet, but this has unfolded in excess of 1:2, previous breakout low would see us at 1:3 and then a break of support and selloff beyond 0.89400 would further increase that R potential.
EURJPY H4 - Long Trade SetupEURJPY H4
Appreciate this is quite a headache, but the retest of 129.425 could still be on... This is incredibly conservative, especially as we know how bullish ***YEN pairs have been, but just something to consider, find reasons not to take a trade rather than to take a trade.
If I feel like there is a reasonable chance that price could retest a different zone (deeper or higher than I'm looking to enter), that's enough to put me off and re-evaluate.
GBPUSD H4 - Long Trade SetupGBPUSD H4
Certainly an ambitious projection, but all we are really after is a strong break above all resistance in sight, including that 1.40 psychological number, followed by a simple retest.
This could gear us up for nice extensions back up to 1.42 region, the price we were pushing a couple of weeks ago.
CADJPY H4 - Long Trade SetupCADJPY H4
We applied our higher timeframe principles to the lower timeframe (H1) chart to follow and structure break, retest and continuation up to the next whole number price (86.00) which quantified nicely at 1:3.
Scoping out, really would like to see a H4 support retest, to stop us getting lured into what is going on too much in the lower timeframe. 85.000 whole number support could be a good price to position ourselves long.
GBPJPY H4 - NeutralGBPJPY H4
Still yet to set lower lows on the larger H4 timeframe, really nice corrections seen as mentioned previously on the EA post. On the fence with this pair at the moment, whilst we are nice a bullish still on the H4, the sheer bearish strength on the lower timeframe is interesting.
Really aggressive M5 trends which could continue to perform and really break lows and see further support breaks.
USDCAD H4 - Short SetupUSDCAD H4
Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday.
Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.
EURCHF H4 - Short SetupEURCHF H4
USDCHF selling off looking to break the 0.89 support we were following, downside on EURCHF has been broken and fresh lows have been set.
Currently retesting the underside of the structure break as indicated, we don't tend to buy and sell unless it's from a major zone (red boxes). So this is something we will just observe from the sideline.
NZDCAD H4 - Long Trade SetupNZDCAD H4
Mean best value in between the middle of the zones indicated? We talked about this in the webinars we have been pushing out, and hopefully it makes logical sense now as I post examples more frequently.
Potential double bottom on support again, this was out preferred buy zone, and obvious zone to look to catch bid. Eyes peeled.
GBPCHF H4 - Long SetupGBPCHF H4
We have just seen GBPCHF pin into the buy zone which marries up nicely with our intersection point/pivotal point.
We have seen GBP pairs correct a fair bit this week after last weeks rally, so we could be gearing up for potential rally continuations ready for next week.
GBPJPY H1GBPJPY H1 - Bit of a consolidation break seen amongst GBP pairs this morning, yesterdays selloff influenced by the UK third national lockdown confirmation (selloff was seen ahead of the announcement), consolidation seen over the eastern, and bearish resumption seen as we catch EUR/LON volume during their opening hours. Currently on support here on GJ. Lower timeframe analysis here, look at maybe a retest of consolidation before breaking support.
GBPUSD H4 - Long Trade SetupGBPUSD H4 - Corrections seen after the big rally and upside break yesterday, eastern session has pretty much been purely corrective moves, coming back into the EUR/LON open, we may be able to expect bullish continuations, may hear a little more on Brexit progress today before the weekend.