EURCAD looks to have come back around to the annual high with a decisive rejection in a forming what may be a "double top" too short back down to 1.51000/1.50500. However, If these levels are not met we may see a break and retest of the "double top" and price continue long to a previous annual high of 1.61500.
The DXY looks to have filled the gap that had formed. Now that it has done so I am anticipating it to continue with its overall direction to levels 92.50/92.70. Meaning ...USD pairs will be doing the opposite.
We are seeing very similar actions in EURUSD as to what we are seeing in the DXY which is expected. With a lot of interaction around the weekly/monthly level 1.18000. Which we are currently trading above.
The DXY is looking bearish in this sideways structure. I am Looking for it to short down to "support and for ...USD pairs to be moving long. I am going to take a look over EU and GU now see if they agree with this analysis.
After what looks like a break of the one hour structure we have seen a retracement to the 61.8 fib. With previous highs sitting nicely with the -61.8 fib extension level.
Add this on to your watchlist. Are we going to see the trendline hold. I am more biased to setup A as we have higher amounts of rejection from the Fib zone, we are not testing to break the lows from the sideways move. I would like to see the pair shift direction to the downside as the GBP grows in strength. Once the pair gives us a valid trade entry I will...
We are seeing a clean break through the descending trend line with price coming back to retest the 61.8 fibonacci level. Predicted target levels are -27, -61.8 and -100 fibonacci extension levels fitting up with previous support/resistance levels.
USDCAD - We can see the high amount of rejection from 1.3400 key level. The only thing stopping the swing trade to the upside is the resistance level at the fib. We can short from here back to the downside with the trade if we get rejection price action. However if the pair breaks for the reasons highlighted in the chart we could be in for a nice long...
USDJPY I will be expecting a pullback from the key level 106.00 to retest the support level that was resistance last week. At this level I will be keeping a close eye on price action in the 1&4hr to see if we get a long trade setup. Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart...
After what seems like a never-ending bearish market, XRP along with many other cryptos appears to be showing a shift in direction. Now finding "support" at the monthly/weekly close of $0.14 it shows signs of what could be a break of the trend heading towards previous highs.
Good Afternoon everyone, I have broken down the USCAD setup i will be looking to take when the trade confirmations are meet. I will be looking for the Long trade up to the fib zone. We can see in the higher time frames the possible longer term targets for the pair. If you liked this video please like and share as it will support the creating of new free...
Good morning everyone, I have broken down GBPAUD long and short trade setup. Giving a longer term view on the pair, we could short to the low If we get the confirmations to do so. I will be looking for a confirmations after the US open. Further analysis will follow on USDJPY, USDCAD & GBPNZD.
Good evening everyone, I have broken down the USDJPY, USDCAD, EURJPY, GBPNZD & GBPAUD. I will be following these pairs next week, i will be posting more video analysis this week on these pairs while we wait for the setups to arise. I hope you found this video insightful I will be uploading more content as the week progresses.
Good evening everyone, I have broken down in this video my confirmations and reasons for taking both of the trades. Students, i will be following up this breakdown and forecast tomorrow. I hope you all fount this video insightful and helpful. If you require anymore information about the education we provide at Alpha Trading Group, please leave a comment or DM...
Good evening everyone, This video is just to go into more detail on the charts I sent out into the group earlier today. We have been taken out of USDCHF for 25pip SL, well done to those who avoided the stop hunt. I'll still be looking for a short on the pairs as the USD is showing weakness across the board. The pairs are not yet breaking the previous days...
Welcome everyone, it’s been a while since I have created a video. In the video I have broken down AUDUSD, NZDUSD, USDCHF, USDJPY and AUDCHF. As we all know the markets can move fast at times and it is so important as traders, we remain as neutral as possible. If you get taken out of a trade, be sure to take a step back and reevaluate before reentering....
This is a short video just to outline what we have discussed in our webinar this morning. This video highlights how versatile we need to be in the market and have an arsenal of trading setups, tools and entry criteria. We can see a short trade in the morning and take a long by the afternoon. One of the most important traits to develop in trading is the ability...
Earlier today I posted a video expressing my thoughts on GBPUSD, I highlighted the entry point in the video for the short setup. I you are in the trade make sure to risk manage accordingly and move SL to Entry. Let me know if the comments if you took the trade. Please like and show your support it goes a long way.