EURAUD Out for a small loss. Price has closed above the weekly resistance and with the daily trend. image

morph's price action musings

Update: Price has broken downwards and hit the FTA (which is also the 38 fib). 3/4 risk removed . We may get a bounce here back up to the resistance or a bit of consolidation? image End of day update: Strong finish with a good daily BEOB and ...

morph's price action musings

EURAUD Good sized beob counter trend but at previous swing highs. Is price fighting to get back below the weekly resistance? image

morph's price action musings

AUDCAD Price moved to previous lows and now has a decent sized BEOB/PB closing at the monthly s/r line. image Price has retraced most of the signal bar. Still a great area so will look to see if there is further PA.

morph's price action musings

EURAUD Daily double PB at clear weekly resistance. Against trend so will look to move SL in tighter. Smaller risk size image Price never broke below the PB so no trade

morph's price action musings

2 other trades last week I did not get the chance to post: EURUSD Daily still in clear downtrend with a swing high at daily resistance. BEOB. Took a retrace entry short at the daily resistance. image Again closed out late on Friday as price hit ...

morph's price action musings

NZDJPY outcome: Price kept going in the right direction. Main decision making was in terms of when to close. As it was a Friday I aimed for the low. There was always a good probability it could break through but at +1R it was a good place to take ...

morph's price action musings

Price has broken and trade entered. Now at FTA so observing how it progresses here. image

morph's price action musings

NZDJPY image Daily BEOB in downtrend with space down to weekly support.

morph's price action musings

EURUSD Looking at this good sized PB with a good close. Coming off the daily resistance that has been tested three times. This time the tail suggests that the stop hunting has mopped up loose orders from earlier. Daily trend still significantly in a ...

morph's price action musings

Great to see you back Patrick

james16 Chart Thread

AUDJPY Price broke and closed below the weekly and daily support. image Now price is retracing back up to this level which should provide some resistance. (also Sunday gap below) - seen better on H4 chart image Looking to enter this 2 day BEOB ...

morph's price action musings

Result = +1.9R Good run with the trend. Time to take profits. There is still loads of room to the downside but risk of a retrace from here. image

morph's price action musings

Result = -1R Good location but also the weekly bar has closed above the weekly resistance. image

morph's price action musings

AUDCAD Daily chart in clear downward trend and bounced off the Monthly support. It has now retraced to the W/D resistance with confluence at the 38 fib. Ascending wedge seen much clearer on the H4 chart image image Took an entry short off a ...

morph's price action musings

EURJPY Daily has closed below daily support. Looking for PA around this level on a retrace. Lots of space below for this to fall into. image

morph's price action musings

OUTCOME As this was a counter trend trade price me the downward resistance. BUOB did not provide enough momentum to get through. Was looking for the price to remain above Friday's bar if I was to remain in this trade. Cut losses as it was below so ...

morph's price action musings

GBPNZD H4 Entered short off the H4 BEOB this morning. Price had retraced well enough which allowed for a better value entry. image

morph's price action musings

GBPNZD Watching...... Daily trendline broken yesterday and closed below. Also running through is is clear daily S/R that has closed below. Price has gone back up and tested both these lines. Now looking for some price action to go short. image H4 ...

morph's price action musings

EURUSD D Price in descent overall with a clear swing pattern of HH and HL. Double bottom on the daily support at 1.1131. Good size BUOB here with initial target of the recent swing high at around 1.1241. image

morph's price action musings