Pending 4hr set up on audusd as well at low of PVSH at around 0.9293. Fingers crossed!
Hey swallow,
Seeing your setup. It confirms what I am anticipating on the aussie as well. Today is seeking to close below the lower 55% and may trigger some pullback to that level, right around that H4 PVSH that you are eying, before heading downwards.
[QUOTE=“BankDaPips;632782”] Hey swallow, Seeing your setup. It confirms what I am anticipating on the aussie as well. Today is seeking to close below the lower 55% and may trigger some pullback to that level, right around that H4 PVSH that you are eying, before heading downwards. <img src=“301 Moved Permanently”/>[/QUOTE]
Agreed. That would be a nice confluence across time frames.
Yes swallow, also watching GJ daily. Price currently at PVSH, old PVSL and lower 55%.
[QUOTE=“BankDaPips;632788”]Possible strong short setup on GJ… <img src=“301 Moved Permanently”/>[/QUOTE]
Wow that was fast on GJ! Never expected such a quick retrace. On 4hr chart, limit order set at 171.81, SL 172.00 TP1 169.52
Took the AUD/USD short trade at 0.9244.
AUD/JPY Correlation looks like weakness has developed from falling volume and pivot at bollinger top. Looks like a correction previous up wave. Think AUD is weak despite those rising copper prices and Chinese demand. Looks like the market is not interested.
Have a great night guys.
Agreed emeraldorc. Keeping an eye on that 0.9225 support. Also liking AJ’s close below upper 55% of small daily swing. Will see where they are at tomorrow. Have a great night as well.
[QUOTE=“swallowtail;632791”] Wow that was fast on GJ! Never expected such a quick retrace. On 4hr chart, limit order set at 171.81, SL 172.00 TP1 169.52[/QUOTE]
Missed this trade by a pip! Price went to 171.80 before doing a 30 pip reversal.
GM swallow. I hate those 1 pip misses. I am short GJ at 171.40. Just woke so will post charts in a but but GU looking equally bearish at the moment. I prefer daily confirmation on these setups that are cooking.
[QUOTE=“BankDaPips;632950”] GM swallow. I hate those 1 pip misses. I am short GJ at 171.40. Just woke so will post charts in a but but GU looking equally bearish at the moment. I prefer daily confirmation on these setups that are cooking.[/QUOTE]
Yeah, I had 1pip misses a few times but this was my first one in months… What can we do but sit and wait with patience on the next setup.
GU looking bearing, will monitor on 4hr for a setup.
Absolutely swallow. Sitting tight in GU and AU shorts for now.
Right on the daily chart confirmation Swallow. Not wanting to trade through all the volatility at present.
GBP/USD is in a tight range on the 1H but it looks like the bears are in control. Look at that selling volume at the 200EMA If 1.6737 goes it will be heavy fall. I am shorting AUD/USD on a daily set up I should short GBP/USD as well as this is USD strength across the board.
See the chart setup 1H GU.
FxPro GBPUSD h1 0vHnn | cTrader
closed all my shorts…AU +48pips, GU -10pips, GJ -33pips.
Hiya bank so went long Aussie? I did 
GDP numbers are good. Hope it crosses 0.93 again
Hey risc6k, no I went long on GU 1.6723 and AJ 95.01. I kinda felt those bulls getting ready to kick in. Longer term trend is up so…all this selling could really be retrace. Will see.
Good Morning HiLo Swingers,
Well yesterday’s close on GU, GJ and AJ left me iffy about the bears.
GU has been bouncing up from the lower 55 of the last big up move for a couple of days so I deemed this area as strong support and took a long entry a few pips above the 11% of the small daily swing. It is now contending with the upper 55 at 1.6757 and will be seeking to close above there today, should this fail, down we shall go.
AJ blew through the upper and lower 55 of both large and small swings, and even though it is facing resistance at the daily PVSH low, I am still paying attention to these bullish statements.
GJ continued another day of buying closing above the lower and upper 55. Can’t ignore these warnings, so I am long for now, today will tell as June tries to tell us where we will head for the next month or remainder of the year even.
Trade safely folks. Resting up today!
My GBP short closed break even despite a +40 pip fall, c’est la vie :). Still short on my AUD it was a daily trade. However USD is looking slightly weaker but overall the markets preference is bullish so I am sticking with the call. Slow week all in all.
I am out till Monday market is lacking direction at the moment. Have a great day Banka.
Nice trades emeraldorc! You have a great day swell and we will resume next week.
FxPro EURUSD h1 ctHnn | cTrader
Did close my AU trade by the way before that almighty fly, guess you were right swallow on your long.
Short EU at the New York Close on H1 set up. See the diverging volume and higher highs very close to the resistance level. took 34 pips (1.3664 entry) but I think it is a retrace on the 200EMA could be wrong… the market was not interested in that rate cut for now. All eyes on those US jobs figures. You just have to trust the Euro does not do the expected.
I am definitely sitting tight in view of a mixed week. Have a good weekend!