The GBPUSD has made a wave structure (3) which signifies a strong up-trend is ongoing and we should be expecting a test or a break of the high. The Current price area is a High probability Buy Zone using the Fibonacci. Buy Profit Targets : T1 1.2849 & T2: 1.2902 Stop Loss:1.2733
USDJPY analysis Daily and 4-hour time frame I expect the price to fluctuate between the specified areas
We have a completed Up-Trend wave structure in the Cable. Yesterday we saw a pullback below Structure 4 which is a reset structure. The price has stalled at the DH3 which was a Buy point for the last rally that took place yesterday. This is a high-probability setup. BUY Point 1.2754 STOP Loss: 1.2744 PROFIT Target: 1.2816
Trade analysis and update on the state of play of the following currency pairs: USD/JPY, GBP/USD, CAD/JPY, USD/CAD, NZD/USD & AUDUSD.
Momentum preceeds prices! The USDCAD has had a trend reset (Secondary Trend), which is key to the Up-trend continuation. The structural point for trend reversal is 1.3656, we want to see a second breakdown below the structure without breaking below 1.3624. A trade back above 1.3656 will be the first buy, confirmation will be a trade above 1.3671. In terms of...
The USD/JPY has been a tricky customer in the past few weeks. We have attempted a few shorts which did not work out, the price persisted to the upside eventually breaking key structures that hold the downside. The Bullish breaks confirm the Longer-term trend (Bullish) has resumed, however, the current rally is losing steam and we can capture a strong reversal to...
So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...
Gbpusd possible resistance zone around the level where we can also find the confluence with the red moving average This is where we can expect the sellers to step in with a defined risk above the level to position for a breakout below the support The buyers on the other hand, will want to see the price breaking higher to start targeting the trendline around the level
GBPUSD Catherine Mann is one such critic pointing towards the fact that the UK has stronger wage growth data than both the US and EU and to align rate cut expectations with these two nations is not accurately
BTCUSD strong high Market risk Please makes yourself trades cautiously Bitcoin is a volatiles assets and around the clock trading provides constant opportunities for both big gains and significantly losses
BTCUSD the zone should be pivotal today That means two consecutively hourly closes below that zone could be a good short trade entry signal targeting the On the other hands if the zone
USDJPY seemingly routine trades can upset the delicate balance between supply and demands with fewer traders around to absorb buy and sell orders Hence exercising caution is highly recommended for these
GBPUSD The very easy flyi for marketing purposes after mixed statements from two Federal Reserve officials In a note Raphael Bostic argued that it was too early to predict that the Fed would deliver three rates cuts
BTCUSD strong bullish Therefore there is a likelihood that Bitcoin will resume the uptrend as the rotation from GBTC to other ETFs continues It will also do well ahead of the upcoming
EURUSD with bulls seemingly determined to challenge trendline resistance the event of a retest buyers will need to fend off the advance otherwise
The dynamics of Bitcoin trading are ever changing and the failed breakout on The 1-hour chart is a a stark reminder of the volatility and uncertainty inherent in cryptocurrency markets Whether Bitcoin will bounce back or continue its descent is a question only time will answer For now traders should brace for a potential test of the green support line and...
XAUUSD While there were some hawkish elements in the guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and very easy fall soon gold
Yesterdays structure...... US30s Monday created a BOS structure from 09:00 until Tuesdays 01:00 of the 4hr timeframe. I was able to setup up a buying position from the 1min and will see if it can trend until Wednesday/Thursday structure. This can be an upcoming trend of the year Ps: As a prop firm trader, I do not have a swing account but I can see it going long