Nyerobobs

Nyerobobs

With fundamentals having retail traders 67% long on EURUSD: For me this creates a sell opportunity Going technical we have the overall trend going bearish and a heavy pullback on the 4hrs chart hitting the 20ema --expecting some rejection there The daily chart showing EURUSD overall trend Proper risk management is advised RR=1:2

Nyerobobs

MORE BEARISH MOMENTUM IS ESPECTED FROM THE EURO DOLLAR AFTER LAST WEEK'S RUSH TO THE DOWN SIDE ON THE WEEKLY CHART I THINK THERE'S STILL MORE PIPS AVAILABLE FOR SELLERS MAINLY DUE TO THE CHANGE OF THE RETAIL SENTIMENTS ON THE DOLLAR FIRST TARGET IS AT THE MAJOR 1.2000 ZONE WITH A 1:2 RR WHILE SECOND TARGET IS FURTHER BELOW THE ZONE AT A 1:4

Nyerobobs

MORE BEARISH MOMEMTUM ESPECTED FROM GBPCHF AFTER A HUGE DOWNWARD RALLY DURING THE EARLY HOURS OF FRIDAY'S MARKET WAS FOLLOWED BY A SIMILAR MOVE TO THE UPSIDE PRICE WAS ABLE TO RETEST ON THE DYNAMIC ZONE TURNING SUPPORT INTO RESISTENCE AS MORE DOWNWARD MOMENTUM IS EXPECTED A NICE R:R COULD BE GOTTEN FROM THIS TRADE AS PROPER RISK MANAGEMENT SHOULD BE OBSERVED

Nyerobobs Updated 

AUDCAD HAS BEEN LOOKING BEARISH FOR A WHILE AND THE RETEST OF THE PREVIOUS SUPPORT ZONES GIVES US A NICE BIAS TO BUY OUR AIM IS AT THE 0.5 FIBONACCI WHICH NEAR MATCHES A PREVIOUSLY RESPECTED ZONE A 1:2.5 HAS BEEN SET OUT FOR THIS TRADE AND PROPER RIST MANAGEMENT SHOULD BE OBSERVED

Nyerobobs Updated 

WITH LOTS OF FUNDAMENTALS AFFECTING THE MARKET OF LATE I THINK EURUSD HAS GRADUALLY BEGAN TO CORRECT IT SELF INITIALLLY EURUSD WAS IN AN OVERALL UPTREND BUT WITH VACCINE NEWS FORCING THE DOLLA TO GAIN SILIGHLY BROKE THE BULLISH SLIDE AS EURUSD WAS INITAILLY AIMING TO BREAK ITS MOJOR RESISTANCE ZONE DIFFERENT TECHNICAL CONFLUENCE LIKE THE 20,50 AND 200 EMA...

Nyerobobs Updated 

PURE TECHNICALS HERE, I REALLY THINK EURUSD IS NOW READY TO BREAK THE MAJOR 3 MONTH RESISTANCE ZONE BASICALLY WE CAN SEE FROM THE CHARTS THAT THE PAIR HAS BEEN IN A RANGING MARKET FOR QUITE SOMETIME NOW WHILE HAVING CLEAR REJECTIONS AT THE 1.1600 LEVELS FOR ME I THINK FUNDAMENTALS HAS BEEN ON ONLY REASON THIS PAIR HASN'T BEEN ABLE TO FORM HIGHER HIGHS ABOVE THE...

Nyerobobs Updated 

MORE BULLISH MOMENTUM IS EXPECTED FROM AUDUSD AFTER THE PULLBACK FROM FORCED PRICE INTO A MOJOR ZONE THE PAIR HAS FORMED A DOUBLE BOTTOM ON THE WHICH ALSO CORRESPONDS WITH THE 50EMA ON THE 4HR CHART VERY LIKELY THAT PRICE WOULD BREAK THE MAJOR SUPPORT ZONE FORMING HIGHER HIGHS BUT OUT AIM IS JUST AROUND THE ZONE

Nyerobobs

WITH THE GOLD MARKET OBVIOUSLY VERY BEARISH RIGHT NOW, THE PROBLEM NOW IS GETTING A NICE ENTRY POINT WE COULD PROBABLY GET A GOOD TRADE SETUP WITH A NICE RR IF THERE'S A PULLBACK TO THE SECOND CONSOLIDATION AREA WHICH WOULD PROBABLY MATCH THE 20EMA THE EMA(20,50.200) ARE GOOD PULL BACK INDICATORS FOR ME

Nyerobobs

I THINK AUDUSD IS NOW WELL SET FOR A NICE ENTRY ON THE BULLISH TREND YESTERDAY'S DOWNWARD SURGE WAS QUICKLY CORRECTED BY THE BUYERS SO I'VE BEEN WAITIING FOR A NICE ENTRY WITH A GOOD RR THE 1HR CANDLE RETEST ON THE MAJOR REESISTANCE ZONE IS A NICE INDICATOR FOR A BUY NOW AMONG OTHER CONFLUENCE AIM IS AT 0.7390 I ENTERED WITH A 1:2 ON A 20 PIPS STOP LOSS

Nyerobobs

SO I TRY TO MAKE MY ANALYSIS AS SIMPLE AS POSSIBLE FOLLOWING TRENDS AND RESPECTING THE FUNDAMENTAL ASPECTS TOO THEREFORE, WITH SO MUCH UNCERTAINTY AROUND THE DOLLA CAUSED BY THE ELECTIONS AND THE USA PROBABLY GOING TO HAVE A SPLIT ECONOMY WITH THE DEMOCRAT PRESIDENT AND REPUBLICAN SENATE, THE DOLLA IS PROBABLY EXPEDCTED TO LOOSE GROUND ON OTHER CURRENCIES AT...

Nyerobobs

WITH AUDUSD HAVEN BROKEN THROUGH A MOJOR ZONE AND RETESTED MULTIPLE TIMES ON TH 4HR MORE BULLISH MOMENTUM IS EXPECTED AS NICE PRICE ACTION CANDLES SUPPORT ANALYSIS AND ALSO WITH SO MUCH UNCERTAINTY AROUND THE DOLLA CAUSED BY THE ELECTIONS AND THE USA PROBABLY HAVING A SLIP ECONOMY WITH THE DEMOCRAT PRESIDENT AND REPUBLICAN SENATE, MORE GAIN SHOULD BE EXPECTED...

Nyerobobs

FOR ME TRADING THIS PAIR RIGHT NOW IS LIKE JUMPING INTO A QUAGMIRE WHAT WAS ONCE MY MOST TRADED PAIR HAS NOW BEEN IN A SHORT RANGE CONSOLIDATION FOR MORE THAN A MONTH NOW MY ADVICE IS TO STAY OFF PAIRS WITH SO MUCH FALSE MOVEMENT, BREAK OUTS AND LONG CONSOLIDATION

Nyerobobs

purely technical analysis here using 20 period exponential moving average I'm expecting a nice price action rejection of the zone which matches with a previously rejected area With the EURUDS still in an overall upward trend ,I think there is still room for more trend following at least till the major resistance at 1.9000

Nyerobobs

EURUSD SEEMS BULLISH RIGHT NOW BUT.. WELL I'VE BEEN ON THIS PAIR FOR HOURS NOW WAITING FOR A COMPLETE REJECTION ON THE DAILY PREVIOUS LOW IT SEEMS THAT'S UNLIKELY FOR NOW THAT PRICE IS SEEMING TO HAVE BREAK THE CONSOLIDATION ZONE THE BUT SETUP IS STILL IN PLAY THOUGH AND I THINK THE SAFEST OPTION IS WAITING FOR A RETEST FINALLY, I THINK THE MARKET WOULD LIKELY...

Nyerobobs

CONSIDERING THE MULTIPLE DAILY REJECTIONS, A VERY LIKELY BULLISH SETUP HAS EMERGED. THE 20 EMA REJECTION ON THE 1HOUR ALSO WITH THE HOURLY CANDLES TRADING ON A NICE RESISTANCE PRESENTING A NICE ENTRY NOW. TIGHT STOPS CAN BE PLACED BUT MUCH LARGER STOPS ARE RECOMMENDED AS GOLD IS VERY VOLATILE NOTE:PROPER RIISK MANAGEMENT IIS ADVISED

Nyerobobs

CONSIDERING THE MULTIPLE DAILY REJECTIONS, A VERY LIKELY BULLISH SETUP HAS EMERGED. THE 20 EMA REJECTION ON THE 1HOUR ALSO WITH THE HOURLY CANDLES TRADING ON A NICE RESISTANCE PRESENTING A NICE ENTRY NOW. TIGHT STOPS CAN BE PLACED BUT MUCH LARGER STOPS ARE RECOMMENDED AS GOLD IS VERY VOLATILE NOTE:PROPER RIISK MANAGEMENT IIS ADVISED

Nyerobobs

WITH EURUSD TRADING AT MAJOR DAILY RESISTANCE, INTERCEPTING AT THE 4HOUR TREND LINE BEARISH MOMENTUM IS ESPECTED AS THE DOLLAR INDEX IS SETTING UP FOR A FALL EURUSD ALSO SETTING UP FOR A RANGING MARKET TO ESPECT MORE SETUPS

Nyerobobs Updated 

GOLD SELL SETUP VERY LIKELY AS PRICE CAN BE SEEN FORMING A RISING WEDGE PRICE IS ALSO TRADING ON A MAJOR DAILY RESISTANCE WITH PRICE IN AN OVERALL DOWNWARD TREND AND RETEST ON THE DAILY STRUCTURE FUTHER BEARISH MOMENTUM SHOULD BE EXPECTED