Pips
USDJPY H4 - Long SetupUSDJPY H4 - Since yesterdays analysis (technical rundown) UJ has kicked off nicely from that support zone we mentioned, multiple confluences. Previous support, monthly key level, weekly key level. Lets see how much mileage this pair hair, DXY trying to set hourly higher highs too.
EURAUD H1 - Long SetupEURAUD H1 - We have seen the first stage breakout unfold, just waiting for a bit of a clearer retest of the breakout price before considering a long position. Huge RR potential on this setup. Still arguably need to breakout above that previous LH at 1.64100, but lets see what happens with this counter/breakout trend.
Rising Wedge coming to the end, break is imminent GBP/USDAlthough the market is in a long downtrend, it showed a reversal and started forming higher highs and higher lowers. However, don't get happy just yet as the market failed to break through my major key level, but still managing to make higher lows, still on insistenting a temporary uptrend. As you can see it bounced off my counter trendline multiple times but again failed to break the key level, as the wedge becomes tighter, you can possibly grab a few pips but it's best to sit this one out and wait for the outcome, gotta catch theses pips boi.
EURAUD H1 - Short SetupEURAUD H1 - Second test presented itself, marginally a lower low, but still trading below that 1.65 whole number, need to set these lower low sequences for the downtrend, similarly we have some other bullish setups included in the rundown where we need to set those higher highs!