DCM_Markets

DCM_Markets

1. Daily uptrend creating higher highs and higher lows. 2. Recent impulse created a new higher high. 3. We expect a retracement before continuation. 4. 4h range breakout creating a new high. 5. Before continuation price must retrace to gather further orders. 6. A structured pullback would provide evidence towards continuation on breakout. 7. High probability...

DCM_Markets

Currently long bias on EJ due to the daily and 4h uptrend correlation. Further consolidation around the plotted 4h HL may provide evidence towards continuation once a respected pattern shows a momentum shift of price and strong breakout. What's your plan for EJ?

DCM_Markets

Holding a short bias on GU going into the start of the week. Confirmed 4h downtrend from a daily reversal higher high. Price has completed a new impulse move, now we wait for a structured correction and breakout/momentum shift before looking for continuation short. Whats your bias for GU?

DCM_Markets

Strong impulse and correction into a previously respected key level. If price can create a wedge pattern and structured exhaustion, well wait for a momentum shift and breakout before entry.

DCM_Markets

The daily timeframe has created a new higher high within its uptrend, giving evidence towards a lower timeframe bearish movement before continuation to a new daily higher high. The 4h timeframes depiction of the daily higher high, looks to be overbought. I'd expect 4h price to create a downtrend within the daily exhaustion, giving the potential for short...

DCM_Markets

Position taken at 0830 UTC this morning. Higher timeframe bullish bias for potential uptrend continuation. 30m entry taken after completion of a break and retest of resistance turned support. Notice how the impulse was strong when compared to the correction. The correction also containing a channel/flag to complete the requirements of my BRP strategy. I...

DCM_Markets

I'm currently holding a long bias on GJ, due to a daily and 4h uptrend. Price looks to be starting to consolidate well around previous key levels, but I'm not convinced just yet. More evidence around this key level is required before I'll took to take a position. My Strategies allow for either multiple confirmation (Wick rejection) or the creation of a...

DCM_Markets

My higher timeframe bias is still short for Cable, but the current location of price does not agree with a sellers bias in accordance with my edge. In times like this, I'll just sit back on this pair and wait for the potential of a fresh push phase to the downside to give me indication of bears in the market. Without this signal of bearish strength, I'll...

DCM_Markets

My bias for the DXY remains long on USD strength. So I'd expect to see price action on UJ continue within its range for the remainder of the week, moving from support to resistance. Trading a range can be difficult, but through backtesting, education and experience, taking positions in this market type can become second nature. I'll be utilising the lower...

DCM_Markets

Price moved as expected from my previous post for Cable from Sunday. The daily break of structure created a lower low and subsequent correction to 1.2700. Now, the 4h structure agrees with the daily, and a 4h break of structure to create a lower low gives significant evidence towards our short bias. Once price has created a new 4h lower high which should be...

DCM_Markets

The 4h uptrend is still valid, and after a creation of a new higher high, the most recent higher low provides support to look for continuation. Being reactive to structure and price action means you trade with the markets momentum and higher probability direction. I do believe however that the pair is verging on overbought. But this is just speculation, and we...

DCM_Markets

I've been monitoring Tesla's decline in price over the past 2 months, but the current technical location could give evidence towards continuation within its descending channel. An impulse move could provide the necessary bullish momentum to provide a breakout. Are you a Tesla bull or bear?

DCM_Markets

4h uptrend continuation confirmed last week, with the upside breakout of a descending wedge pattern. We'll now be looking for continuation long over the next few days. What's your plan for for Yen?

DCM_Markets

I use either the daily or 4h to give me a higher timeframe bias, looking at structure and momentum to confirm potential market direction. In this instance, the 4h doesn't look as clean as the daily. Market structure should be obvious and show a visible difference between an impulse and correction during a trend. What's your plan for Cable?

DCM_Markets

Price is currently consolidating around a higher low support within an uptrend. A strong bullish breakout would confirm my long bias and allow me to look towards the lower timeframes for entry. There, I will watch price retrace and enter only when my strategy points are met: . Impulse . Correction . Pattern . Momentum breakout What are your plans for USDJPY?

DCM_Markets

4h LH still intact, my bias is therefore still long. Although, the current position of price is not adequate for my edge. A break below 1.2580 would confirm my bias and bearish control. Once this key level has broken, I'll look to the lower timeframes for a structured pullback and potential entry on pattern confirmation and breakout. What is your plan for GBPUSD?

DCM_Markets Updated 

Intact bullish 4h structure allows me to hold a long bias, looking for continuation of the trend. Price broke higher, on the lower timeframes, I'll look for a structured pullback and breakout showing a momentum shift. Should a trend line to respected and pattern created, entry would be taken on breakout. Plan the trade, trade the plan.

DCM_Markets

Looking for an impulse break lower showing strong bearish momentum to confirm our higher timeframe bias. Once created, this should be followed by a retracement into a strong key level before I'll start to look for valid confirmation and initial momentum. These will give me valid entry conditions that match my edge. What do you think will happen with GBPUSD...