 GBPNZD – Macro level on instrument breached. Trend: Bullish Key Levels: Resistance 1.9553 - 1.9540. Price Action: Price has failed to stay above key support & resistance. Notes: I will be considering a short play on this instrument if we trade back into key resistance at 1.9553. Currently just monitoring for a pullback.
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 EURAUD – Looking to sell Into strength whilst 1.6250 resistance continues to contain prices lower. Trend: Bullish Key Levels: Resistance 1.6250 Price Action: Inside Bar forms at 1.6250 resistance. Market structure breaks on the lower time frames. Notes: We will consider selling short on any pockets of strength towards resistance, targeting a move back to the low at 1.600 and then potentially lower. Daily Hourly The Set Up EURAUD – Looking to sell a break and return to key high.
Trend: Bullish Key Levels: Resistance 1.6120 Price Action: Looking for fake out price action above key high and then quickly trap buyers. Notes: We will consider selling short on any pockets of strength towards resistance, targeting a move back to the low at 1.5855. Update: No break below and price has drifted higher. No trade triggered and currently flat. USDJPY – Look To Buy Into Weakness Whilst Price Remains Above Support. Trend: Bearish HTF Key Levels: Support 109.55 intraday Price Action: Quick spike below and back above key level indicates to me we may bounce short term. Notes: The bias is bearish overall but I'm expecting some relief rally's at this level, I will be Buying into Weakness whilst price is trading above this important price zone. Targeting a move to fill gap. UPDATE  |