price is conveying a lot of buying exhaustion around the 0.89300 price region. It's likely that price could retrace a little higher before rallying towards the downside. Be careful, of manipulative price action around this region. SL is slightly higher than intended, additional orders to the downside may be put in place if wicks extend a little higher Risk reward: 1:2.71
Good Afternoon traders!, I will be actively using this platform to journal and share my perspectives on trades to hopefully add value and inner confidence to your very own analyses. To begin with, il be giving my perspective on the DXY because of its validity in helping understanding how USD majors may be performing in relation to the performance of the DXY. So,...
DXY showed bearish dominance towards the end of last week due to declining NFP results, which led the price to test a key external trendline, however, if the weekly candle closes above the trendline and sustains this level it's likely that price could make a correction towards the anticipated price region of 97.30-97.60 which is supported by the fib level of 50%...
the chart remains simple and tidy, however, there are many different tools to indicate and support our directional bias, in this case, GBP/USD has shown extensive pressure towards the downside, however, the price was unable to penetrate the dynamic area of support 1.26000. Based on previous price action this area showed a lot of liquidity hence why became an area...
Dear traders, So as you can see we expect USDJPY to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also in a strong institutional sell zone that’s been filled right now. It will be much clear on the 4h chart, you can see the 4h trendline is been broken en...
Ideally this scenario is backed by sentiment towards gold. XAUUSD is falling from a Weekly supply zone, acompanied by a strong BEARISH ENGULFING bar on Weekly timeframe. Suggesting a strong push towards the downside.
Big sell GBPUSD in coming right now, so as you can see GBPUSD is in the hyperactive zone right now. Market makers in the Asian session will push it more to the down side. For our stop loss and take profit levels, check our free telegram group with trade setups and signals: t.me
I predicted that the price will reach beyond 1.005 before the trend reverses from the 3-month supply zone but definitely not expecting this kind of movement. It is very irresistible from shorting USDCHF whenever it surfaced above 1.00. What probably has made it even more attractive is the double top pattern formed around 1.002 with its neckline at 1.00, and the...
Intel is moving rapidly to capture the 5G market, along with Verizon. This was discussed in detail in our recent annual Virtual Course, this time on Emerging Displacement Technologies for the Next Decade. INTC stock has been struggling at a support level, not moving down much but also without a strong pre-earnings run as many blue chip companies enjoyed. The...
Limit Order: Sell EUR/USD @ 1.1436 TP: 1.1426 SL: 1.1446
Pending Order: Buy USD/CHF @ 0.9907 TP: 0.9919 SL: 0.9895
The GBPUSD is being setup for a major down move. Institutional money has been accumulating a short position. 1.2600 - 1.2700 is where they have been working. Expect a breakout to 1.2350 Merry Christmas
Pending Order Buy AUD/NZD: 1.0498 TP: 1.0508 SL: 1.0488
Pending Order Sell CHF/JPY: 113.88 TP: 113.78 SL: 113.98
Pending Order: Sell Eur/JPY: 128.90 TP: 128.78 SL: 129.02
Pending Order: Sell CAD/CHF @ 0.7428 TP: .7418 SL: .7439
Pending Order: Sell USD/JPY 113.32 TP: 113.21 SL: 113.43