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Next M5 wave might be here, wouldn't be surprised if we see 186.000 today. Currently sat at 3.3R 🥶
Читать полностью…2.5R on GBPJPY. Need to break this 850 support price from previous H4 support to allow us to continue downside.
Читать полностью…GBPJPY - Top down analysis.
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Nothing too exciting across the markets at the moment, sitting flat in anticipation of FOMC and the Press Conference later this evening.
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Those that are course members, you'll know exactly what this is the start of, a standard two stage reversal, first stage complete, waiting to see 600 price again before hopefully lift off up to 141.150.
Читать полностью…GBP pairs struggling to get off the support ground, NA coming into play soon followed by US stock volume shortly after
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DXY H4 - We were following DXY all week last week and the week before that, we have almost see a confirmed break above our S/R reversal zone, this is quite important for us, starting to see USD strength across the board, even against GBPUSD.
Once this bull rally is over and exhausted, we can monitor our trading zones to see where we pullback to and find support. From here, we can look to establish bull entries.
EURGBP D1- Yesterday saw bearish continuations, looked like we almost had a lower timeframe break and retest on the hourly but it couldn't sustain.
Today we are starting to lift off support slightly, GBPUSD trying to pull to 1.36 and GJ to 140.100. So GBP corrections, not sure how far EG could extend upside... EUR seems to be on support amongst a fair few pairs.
GBPUSD H4 - 1.37 zone is there, we have marked on the lower trading zones too. Haven't quite pinned into this top resistance, but interesting to follow at the moment. This will get thrown around as Powell comes to the stand later, so be aware of that.
Читать полностью…NZDCAD H4 - Potentially missed the boat on this break and retest. Hopefully NZDUSD follows similar suit once USD gears up for some potential strength.
If NZDCAD pops higher above resistance, we could see a bigger correction up to circa 0.91650. We may look for shorts around this price too.
This is effectively the play we would like to see, continued downtrend, fresh lows and support break, and a retest of the broken zonal region. Effectively an exhaustion pattern.
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Читать полностью…GBPJPY M30
Here is the outlook on GBPJPY at the moment, the H4 has closed south of resistance which is great, but the LTF looks like it could bounce to tap stoploss.
We pulled south as much as 1.6R yesterday during the eastern, before coming back to entry price. Check out the video analysis coming through shortly.
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31.01.2024 - Key Global Topics
📈Good morning. Elon Musk’s pay package is voided by a judge. Big Tech disappoints investors hoping for fast money on AI. And what to splurge on as we head into the Year of the Dragon.
Elon Musk’s $55 billion pay package at Tesla was struck down by a Delaware judge after a shareholder challenged it as excessive. The ruling threatens to drop Musk to the third-richest person in the world, since options tied to the package were some of his most valuable assets. Tesla fell postmarket.
🇺🇸Alphabet slid postmarket as Google’s ad revenue narrowly trailed estimates. Microsoft also dipped despite posting strong revenue growth. AMD tumbled after sales missed, while Samsung dropped in Asia after profit fell for a fourth quarter.
🇺🇸Investors had bid up the US tech shares to record highs in recent weeks, betting that an AI bonanza would quickly fuel results. But yesterday’s earnings didn’t live up to those lofty expectations.
🇬🇧The UK is doing little to prepare for hotter summers and the dangerous consequences associated with heat waves, which are predicted to become more frequent.
- Last year was the warmest on record and 2024 will be even hotter. About 90% of the country’s existing dwellings will get too hot in a scenario where global temperatures increase by 2C, the Environmental Audit Committee said in a report.
- Inadequate or interrupted sleep patterns because of extreme heat alone cost the economy £60 billion annually. The committee called on the government to establish a national program to adapt Britain’s housing stock for both net zero emissions and heat resilience.
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A little over 1R seen from the second entry, and back to entry price.
Resistance is still holding.
GBPJPY M15 - This pair absolutely took off during the eastern session, lots of consolidation between NA and daily close. Eastern certainly picked this up though, smashed through resistance at 141.150 and exhausted at 141.590 ish, for a total 1:5
Читать полностью…GBPJPY M30 - Really annoying plan here at the moment, but basically looking to break this 600 price upside to continue S/R sequencing.
Читать полностью…EURJPY D1 - Massive selloff being seen here on EJ, very evident, 7 bearish consecutive days seen so far. Looking to potentially find support around 124.750, it's the only support zone in sight after we broke 125.800.
Might be ready for the middle of the week, just like EG, daily bullish candles to kickstart a reversal.
GBPUSD H4 - Selling off quite aggressively here on GU, makes sense as we are popping above that key S/R zone on DXY. Looking to find support on our key 1.35 trading price.
We do have supporting factors backing the GBP too, such as the vaccination headline posted a short moment ago. 35 pips until 1.35 support, we can keep our eyes peeled for corrections here potentially back up to 1.36. This would equate to circa 50% corrections from the short at 1.37.
Extremely busy week last week (personal reasons), so accept my apologies.
This week we will be as active as usual, with the commencement of our first group coaching call for our 12 week programme!
Details to follow for these members today!
GBPUSD H4 - 1.37 trading zone held perfectly, eyes on 1.36200 to 1.36, preferably 1.36 as we can continue to work from these specific 100 pip trading zones.
Читать полностью…USDWTI H1 - Hourly trend has been performing well for the last couple of weeks, looks like we are holding a bit of support or maybe seeing buyer exhaustion, but we may just be gearing up for the next upside wave.
Support marked with stops just below could present a good opportunity. We have just pulled up above a little which reduces RR.
NZDUSD H4 - Reached our anticipated zone before seeing resistance/supply rejections, eyes peeled back on support at 0.71500, ideally looking for a break of this zone and correction to test the underside before then potentially shorting
Читать полностью…Number 1 rule, buy from support/lows and sell from resistance/highs!
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