Broke down on the hour (which makes more sense) Waiting for retest on smaller time frame. Make sure you get proper rejection and wait for candle to close. If we get the retest it could go for 100 pips but no retest no trade and we will be just taking our 50 pips as usual. Don’t forget take some profit after 20 pips and SL to break even at that point.

So yesterdays set up didn't materialise into a trade: No retest, no trade. Today we like GBPCAD the best out of the pairs we trade.

We prefer a buy on this pair but would sell if correlation etc. is right. The reason we like the buy is that if you look at the 4 hour chart it look very much like a break and retest to us.

So we are looking for a break and hold on 1 hour chart and retest possibly on a smaller time frame. If youre new to this strategy training will start next week if we have enough interest so get sharing the link. https://t.me/joinchat/AAAAAFNXpMxW6HXY7FeBsA

So we have a break and hold to the upside on the hour. No retest on 15 min, no retest on 30 min so waiting for 1 hour candle retest and rejection.

So obviously no trade yesterday as the 1 hour candle was a doji (sign of reversal). Today we’re looking for a break to the downside on GBPAUD if price breaks to the upside I won’t be taking the trade unless there is significant correlation and even then I wouldn’t trade if this pair was the leading pair.

Our set up from yesterday is still valid. Price ranged within our zone. The way price has been rejected at these zones reinforces the notion that they are important.

So our GBPAUD set up on Thursday/Friday turned into a trade and went a long way past our Take Profit of 50 pips. A very easy trade to take, there were a few entry points, correlation was well with us and as an extra confirmation GBPNZD led the way for us. Doesn’t get much better than that. Our only reservation would have been it was NFP Day, however, this all happened as London opened and it really was an AA trade. We don’t trade Monday til NY opens (or an hour or so before)
Keep an eye on USDJPY though. It’s been consolidating for a few days in a 40 pip range. We will start teaching this startegy once we have 50 subscribers so please share the link to join this group. https://t.me/joinchat/AAAAAFNXpMxW6HXY7FeBsA

GBPNZD is our favourite set up today. Hoping it breaks to the upside but would also sell if correlation etc. is in favour

USDJPY continues to consolidate within a 45 pip range.

With nothing really clear on GBP pairs Im still looking at USDJPY. Its been consolidating within a 45 pip range for a week. It looks like a day for scalping to me.

No entry point for us on USDJPY yesterday so we have widened the zone. Stick to the rules and you wont get caught up in uneccasary trades and dont get married to a set up or you'll start guessing. The only one I like today really is EG, Im really looking for a sell but would buy if the other variables all lined up.

So our GE set up turns into a trade and went well past our 50 pip target. Was an easy entry in the end with everything lining up. My theory about news was exemplified in this trade albeit the "news" didnt show on the calender it was British PMs cabinet reshuffle. I got in wher the arrow is after the rebreak.

Today some GBP pairs have already broken the highs of yesterday and its 3 hours before London opens so there may be possibilities with other GBP pairs to follow. However, having missed the Gold trade yesterday because we were asleep in the UK I.m going to put that set up on todays as the one I like most. Gold moves at particular times and so I'd love this to break yesterdays high about an hour after NY opens. My alerts are set for a buy but may take a sell if other variables line up.

No set ups today because I dont trade Frankfurt/London open on Mondays except for exeptional circumstances and NY is closed for Bank Holiday. A quick Post Trade Analysis on the Gold Trade we took on Friday. The value of only trading a few pairs is that you get to know how and when they move. This timing csn be used as extra confirmation. We were looking for price to breakout after NY had opened and thats exactly what happened. Very easy trade to get into: Broke andheld on the hour, no retest on 15 minute so we go to 30 minute, lovely retest and rejection. The only downside was getting out; price never went our 50 pip target and we don't hold over the weekend so I got out half an hour before the market closed. 38 pips. I missed a few pips in last half an hour but I was at a football game and was worried about 4G connectivity so couldnt take the risk of doing it 5 mins before markets closed in case I had to come out of the stadium to get a signal. All in all a very easy 38 pips. Not a lot of trades last week but importanatly no losers, consistency is key. See you tomorrow.

An interesting sight to waken up to: A lot of GBP pairs have already broken yesterdays low and GBPAUD broke yesterdays high. Gold gapped up and is coming back for possible retest and US30 gapped down coming back for possible retest. Caution is urged. I am going to put up GBPCAD as todays setup but will want everything to be right and make sense to me for me to take the trade. I will also be making sure I take nice profit out at plus 20 pips. Going to be an interesting one.

Edited GBPCAD not EURGBP. Both are valid set ups

No valid entry into either of yesterdays set ups. EURGBP looks the most promising today but GBP looking scrappy and starting to move sideways. I have kept my bottom zone where it was because that is a more important point than yesterdays low