TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
TRADE UPDATE Previous analysis: Please see the original analysis for in-depth explanation of our long bias. We are still awaiting a break above and close above the red short-term down trend line on the hourly with confluence from our price action forecasting algorithm. We will need to see our algorithm predicting a move to the upside with a forecasting...
TRADE UPDATE Previous analysis: Please see original analysis for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
EURCAD is looking very similar to EURUAD in the sense that it had been in a strong downward trend since the spark of 2016 and is now currently in what is potentially a corrective period. As seen here: With the overall trend being to the downside we are only looking to take a short position. while there is still significant downside potential from where current...
GBPUSD has been in a VERY strong downtrend since pretty much the end of 2015 and spark of 2016 as shown in the image below... Retail traders all too often forget overall market trend and they get caught up in the confusion of corrective phases like the one we are currently in. GBPUSD has been so bearish for so long FOR A REASON, and we do not want to...
EURJPY has been extremely bearish since mid 2015, consistently making lower highs and lower lows as shown in the image below: With that being said we do not want to go against this strong downtrend because there is a reason why it continues to move lower, there is A LOT of money pushing it lower. Therefore we are only looking to trade with this momentum and...
Also highly correlated to AUDUSD , NZDUSD has been very bullish over the past few months. For that reason we are looking to hop on this upward moving momentum with a potential long position upon a bounce of this support zone between .68400 and .68700 and then a break above and close above the trend-line resistance marked by the blue trend line. As usual we...
While EURUAD appears to be moving sideways, it has actually been extremely bearish over the past few months and this can be seen in the image below: With that being said, we are looking to ride this downward moving momentum and take a short position on a break below and close below of the supporting trend-line marked in blue. As always, we would like to see...
Being highly correlated to AUDUSD , AUDJPY has also been in quite the uptrend. It appears to be a bit more choppy and indecisive as compared to AUDUSD , but overall it is very bullish. We are looking to play a potential long on this pair if we see price action break above and close above the current trend-line resistance on the hourly chart in confluence with...
With AUDUSD being in a strong bullish uptrend since the start of 2016 we are only looking to play this pair to the upside. In order for us to get a signal to go long on this pair we will need to see price action break above and close above the current trend-line resistance on the hourly chart with confluence from our price action forecasting algorithm predicting...
See previous analysis... no trade was executed based on that analysis, but we are setting up for a good long here this morning after the 4:30 AM EST London News
TRADE TYPE: Swing/Scalp With GBPUSD bouncing off of major monthly support around the 1.39000 level and since then seeing nothing but strong bullish momentum we do not want to take any short positions on this pair. With that being said we are in the process of a pretty clear harmonic move, the good old AB=CD move. With the initial bounce off of the major...
After failing to create higher highs and heading pass the 76.40% region on the daily timeframe, my play on USDCAD is to continue to short it. Personally I'm going to wait till the pair heads up to 1.32733 before shorting it again (i like to play conservatively).
TRADE TYPE: SWING Although GBPUSD has been bearish over the long-term, recently it has been extremely bullish, consistently making higher-highs and higher-lows. This could be part due to the fact that we are bouncing off of LONG-TERM support at weekly and monthly lows. Regardless, with today's news between the ECB and U.S. Jobless Claims price action has...
TRADE TYPE: SCALP If you check out our previous AUDUSD long idea above where we go over the overall market direction and potential upside targets, you will see that this is clearly a shot of that same analysis but on the hourly chart rather than the daily. Within this upward swing we can see this potential intraday long setup forming. You can see that...
TRADE TYPE: SCALP With GBPUSD seeming to stall its recent upward moving moment @ around 1.42800 and since then failing to see much of an attempt to the upside we are speculating to see this pair range today or start to break-down. Coming off the highs of the London session if we see price action break below this short-term shelf of support @ around 1.42150 we...