Hey guys,
Some charts for discussion. What's your view?
Here's mine but feel free to have another one!
(ignore the sunday candle and keep in mind it slightly changes the TDI angles)
USDJPY D1
We're seeing a TDI cross with colour change. I notice a hidden divergence on the TDI also and the retracement was very shallow. 06/15 close provided firm support. Candles have been small last two weeks but I could see a driver for increased momentum up ahead this week in US data. I think this is a candidate for position building in lower timeframes with 122.00 as S/L
EURGBP D1
Crossing down on open of new day. Nice hidden divergence on TDI but we are inside consolidation area as seen by MC. Could be risky following this one. We're selling right into 0.70 which is also an important historical region and swing lows in July. I'm staying on the sidelines for now
GBPJPY D1
Crossing up following the USDJPY cross bouncing off 02/15 close but we're in consolidation seen by MC. We did not cross EMA10 and previous reversal looked good off 09/15 High with PA. 20MA sloping down. I think this could be a retracement/consolidation in a move lower and look to sell high.
EURNZD D1
TDI crossing down in oversold territory and 20MA sloping back down. Nice bearish PA bar off 10EMA and closing below W1 MC3 Low. The pair has been in consolidation for a while but we're facing some important monthly closes below. I might look for a 4H sell as a continuation.
NZDUSD D1
Cross up with 20MA sloping up. However we're in consolidation seen in W1 MC and D1 MC. I will need to see a breakout of this 0.66 area or otherwise sell 1H/4H off the D1 MC High.
Good trading guys,
Some charts for discussion. What's your view?
Here's mine but feel free to have another one!
(ignore the sunday candle and keep in mind it slightly changes the TDI angles)
USDJPY D1
We're seeing a TDI cross with colour change. I notice a hidden divergence on the TDI also and the retracement was very shallow. 06/15 close provided firm support. Candles have been small last two weeks but I could see a driver for increased momentum up ahead this week in US data. I think this is a candidate for position building in lower timeframes with 122.00 as S/L
EURGBP D1
Crossing down on open of new day. Nice hidden divergence on TDI but we are inside consolidation area as seen by MC. Could be risky following this one. We're selling right into 0.70 which is also an important historical region and swing lows in July. I'm staying on the sidelines for now
GBPJPY D1
Crossing up following the USDJPY cross bouncing off 02/15 close but we're in consolidation seen by MC. We did not cross EMA10 and previous reversal looked good off 09/15 High with PA. 20MA sloping down. I think this could be a retracement/consolidation in a move lower and look to sell high.
EURNZD D1
TDI crossing down in oversold territory and 20MA sloping back down. Nice bearish PA bar off 10EMA and closing below W1 MC3 Low. The pair has been in consolidation for a while but we're facing some important monthly closes below. I might look for a 4H sell as a continuation.
NZDUSD D1
Cross up with 20MA sloping up. However we're in consolidation seen in W1 MC and D1 MC. I will need to see a breakout of this 0.66 area or otherwise sell 1H/4H off the D1 MC High.
Good trading guys,