GBPAUD: Bullish Reaction to UK Data
After this morning's UK releases, GBPAUD bounced from a key daily support. The structure leans higher in my view.
Lena Brandt
@lenabrandt
FX swing trader. Risk first, entries second.
DXY supply zone gives way
The Dollar Index broke a daily supply cluster, shifting the structure in favor of further gains. I am watching for a pullback to confirm before acting.
AUDNZD Daily Breakout Suggests Room to Run
AUDNZD broke above a daily resistance zone. I'm watching for further upside momentum, keeping a measured approach to risk.
GBPAUD reclaiming key support
UK fundamentals shifted the intraday flow. I see a clean hold of daily support and expect the pair to grind higher from here.
AUDCAD Facing Resistance on the Hourly
I see AUDCAD testing a key horizontal resistance zone on the 1H timeframe. The risk/reward favors a bearish move from here.
AUDCAD: Bearish Setup on Resistance Test
I'm watching AUDCAD on the 1-hour chart after a test of key horizontal resistance. The pair looks likely to retrace, so I'm favoring a bearish bias here.
CADCHF Channel Breakout Points Higher
I'm watching CADCHF for a continued recovery after an oversold condition and a clear hourly channel breakout.
CADCHF Showing Signs of a Deeper Recovery
CADCHF has broken out of a falling channel on the hourly chart, suggesting the sell-off may have run its course.
GBPJPY Bullish Structure on the 4H
Price action on GBPJPY is showing a clear shift in momentum on the 4H timeframe. I am watching for a move higher as the market fills an imbalance to the downside.
US500 Bullish Structure Confirmed
I see a valid bullish change of character on the US500 daily chart, positioning the index to test the current all-time high resistance. I am waiting for a pullback into broken structure before considering a long.
Watching multiple daily setups for bullish breakouts
I see bullish potential in USDJPY, USDCAD, EURCAD, and GBPJPY on the daily timeframe, but I'll wait for confirmed closes above resistance before taking action.
Gold structure suggests a measured bullish continuation
Daily structure on XAUUSD shows higher lows with room to extend toward key resistance. I see a balanced risk/reward for longs here.