USDJPY H4 Technical levels to watch 132.00 USDJPY is currently moving in this bearish channel. As a DXY bull, I am looking for a breakout of this channel to start hunting for long plays. Before getting involved in Dollar pairs, it is necessary to remain patient and let them show their hand. GBPUSD H4 Technical levels to watch 1.2300 GBPUSD has swept a key high at 1.24468 and rejected to the downside, for me to get involved id need to see a further break of structure to confirm my downside Bias. Important to note that this is not guaranteed to happen and just my thoughts on the market. AUDUSD H4 Technical levels to watch 0.71367 I am watching a key swing point at 0.71367 for a potential rejection and will get involved if we see a further break in structure.  Technical levels to watch 1.0850 EURUSD is still trading in a bullish channel for the time being, and any break out of this structure would make me consider selling with 1.0700 being the first initial target. USDCHF H4 Technical levels to watch 0.9250
It is important to remain patient when trading Dollar pairs, and USDCHF is no exception. We want to see a flow into the Dollar before getting involved. In order to get interested in USDCHF, I would need to see a break out of this Bearish channel.
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BTCUSD H4 Technical levels to watch 17.1k A potential buying opportunity on Bitcoin might arise if we can pull back to Monday's low, at which point I will monitor price for a potential move. CPI tomorrow so be aware of that before you open any positions. ETHUSD - H4 Technical levels to watch 1285 During this market pullback, Ethereum has been looking very strong, so if we come down and sweep Monday's low with a rejection, I will look for a continuation play. SOLUSDT - H4 Technical levels to watch 15.00
We have structure running through Sol at 15.00 that coincides with Monday's low. If price pulls back, I will be looking for longs into 19.00. USDJPY -H4 Technical levels to watch 134.00 Key structure coming into play currently on USDJPY, I myself am using USDJPY as a gauge of both currencies strength so if we start to continue down I will look to trade other Yen pairs to the down side. EURUSD - H4 Technical levels to watch 1.0600 EURUSD is still trading in a bullish channel for the time being, and any break out of this structure would make me consider selling. AUDCHF - H4 Technical levels to watch 0.6300 Despite the short-term rise in the Aussie Dollar caused by China lifting some restrictions on coal exports, I remain bearish on this. I would need a break outside the range to get interested. AUDJPY - H4 Technical levels to watch 91.200 We are seeing a pullback in all AUD pairs, and this is in an area where we sold previously. Awaiting setups. AUDUSD - DAILY Technical levels to watch 0.6850 The levels on Audusd have been adjusted slightly, but I remain bearish and patience required for now at the start of the year. CADCHF - H4 Technical levels to watch 0.6900 New to the watchlist as it appears we are establishing a range. I am bearish on this instrument, so the fact that we are at the top of the range interests me. We are waiting for the set up signal. CADJPY - H4 Technical levels to watch 99.500 Getting a decent pullback on CADJPY and a sweep into 99.50 would interest me if we see rejection from there. EURJPY - H4 Technical levels to watch 142.00 If the Yen strength increases, I am interested in selling EURJPY on a pullback towards 142.00. GBPJPY - H4 As we have confluence resistance at 162.270, I would prefer a deeper pullback to take stops. The bearish bias remains.
BITCOIN H4 Technical levels to watch 18k - 19k my overall bias is bearish on bitcoin, and I'm willing to look for selling opportunities if we pull back toward the 19k level. Price currently is being squeezed so It may be possible to counter trade the trend if we break and close above 16950. This would give me the opportunity to buy into 19k short term. ETHEREUM H4 Technical levels to watch 1233 I remain Bearish on Ethereum and an ideal place to look for any sells would come in around 1420. Similar to bitcoin there may be an opportunity to get long into 1420 if we break and hold above 1233 CARDANO H4 Technical levels to watch 0.30 H4 timeframe ADA is trading in a bearish channel, I am more than happy to hold off until we get a retest of 0.30 and then look to get in line with the overall trend again. BINANCE H4 Technical levels to watch 336 range high & 218.8 range low BNB seems to be in this larger range bound environment with price currently testing the lower bounds of the range. There is some structure running through the middle of the range and I will await price to react there for trade ideas. AUDUSD H4 Technical levels to watch 0.6840 The levels on Audusd have been adjusted slightly, but I remain bearish. Confluence is at 0.6840, so if price reaches there, I will look for setups. AUDCHF H4 Technical levels to watch 0.6300 It remains bearish and is currently at an area of interest to me. It is not my favorite pair because of its choppy nature, but if the set up is right it may be worth watching for a decline. AUDJPY H4 Technical levels to watch 91.00 - 91.50 We remain bearish on AudJpy, but are currently waiting for a pullback into some technical levels before looking for opportunities to sell. CADJPY H4 Technical levels to watch 97.600 One of my top pairs the last few weeks for selling and I will look to sell again if we can pull back to around 97.6 EURAUD H4 Technical levels to watch 1.5700 My view of the EURAUD remains bullish. Now that a previous low has been swept, I am looking for some rejection as confirmation that the trend will continue upward. EURJPY H4 Technical levels to watch 142.00 As the Yen strength increases, I am interested in selling EURJPY on a pullback towards 142.00. GBPJPY H4 Technical levels to watch 163.00 The strengthening of the Yen makes me interested in selling GBPJPY on a pullback towards recent lows or alternatively 163.00. I prefer to sell GBPJPY over EURJPY. GBPUSD H4 Technical levels to watch 1.200 We are once again watching GBPUSD for possible selling opportunities. Price has recently broken structure to the downside and is now consolidating, so if we break out to the downside, I'll become a seller. NZDUSD - H4 Technical levels to watch 0.6275 Bullish structure is still intact for now but we have swept key highs at 0.64685 and rejected. Any break of trendline support and id be a keen seller of NZDUSD. USDCAD H4 I am bullish on UsdCad and something high up on my watchlist for tomorrow.
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AuthorDominic James Archives
August 2024
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