Breakout London Timeframe

as London opens....long CHFJPY short GBPCAD loking for 20+ PIPS

deal dead

Long GBPNZD at 1.9699 target 1.9766. entered now....if Frankfurt or London looks o reverse then will close.....but my expectation is they will kick on...
EJ....not sure ....will wait for L open

closed GBPNZD at 22 pips....look for a reload @ LO

EJ looking to go up at opening....lets see

.....EJ short for 17 pips

sell

EURAUD ...yes looks good on H4 too.

was very late entry in m5. but can't help seeing the h4 candle rejection below MAs.

got it

buy

got it
note h1 doji at support

this one has a strong series of support forming a base

cad positive employment results. for fun.

got it

care to have some weekend studies for your consideration and do your homework?
as the title suggests, we use the breakout strategy.
we do not use just any break out candles.

one way is to:
1) look for breakout candle at support/resistance in higher time frame.
2) watch candles reaction in lower time frame.

of course, it does not work every time, but good enough to win more than lose.
test it out for any comments to discuss.

and there is not just one view of noting break out candles.
another perspective.
two break out candles due to retest in lower time frame.

good. now that we know what to watch out for.
going forward, can we alert each other? the more eyes the better. for your own benefits and for others also.
participate. that's the word. without doing on hand here, there will be little improvement.

GBPUSD

Daily Timeframe

price is making another higher high...expected the price will make shift back to the range and making another high..
With the current positive deal with Irish and expected the inflation and employment positive, I will put GBP as bull territory..

The only I don't like is the bull running too far away without waiting me

EURO

The downturn also shows further signs of spreading from manufacturing to services. While the goods-producing sector is stuck in its deepest downturn since 2012, the service sector has also seen its growth rate slow sharply to one of the weakest for six years. “The deteriorating picture is being led by a downturn in Germany, but France and Italy are also close to stalling and Spain has seen growth slow to the joint-lowest in around six years.

“The growing risk of recession, coupled with a further moderation of inflationary pressures, will add to expectations that the ECB will need to do more to stimulate the economy in coming months

ECB interest rates to remain at their present or lower levels until it saw the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence was consistently reflected in underlying inflation dynamics.

Net purchases would be restarted under the Governing Council’s APP at a monthly pace of €20 billion as from 1 November.

quarterly targeted longer-term refinancing operations (TLTRO III) would be changed to preserve favourable bank lending condition. For banks whose eligible net lending exceeded a benchmark, the rate applied in TLTRO III operations would be lower, and could be as low as the average interest rate on the deposit facility prevailing over the life of the operation. The maturity of the operations would be extended from two to three years.

Overall, loan growth was still benefiting from historically low bank lending rates. Bank lending conditions for firms and households continued to be very favourable.

In short, further easing of the monetary policy stance was warranted .

so in mid term, inflation will be achieved but coming for next month onwards, you will see more weaker Euro in order to achieve their low target monetary policy..