The Federal Reserve Chairman Powell reinvoked the power of the interest rate hikes to continue the battle in bringing inflation down. This news push the USD near the 106 lvl and hit the NZD/USD, pulling price below the 0.61 lvl. This was a hit to my position, but I ok with the floating loss currently. In order to reduce my risk, I added a stop at 0.60 because my...
This is a trade i took on the AUDNZD pair this week. Glad to to see it play out as planned.
Good week so far here's a trade i took this week on the GBPAUD pair. How's your trading week going?
Price has potential to trade to the up-side after a break out of resistance…. Price is testing support (previous resistance) let’s see how this plays out.
Hope everyone is having a great trading week! this is our view on the USDCAD pair, price has potential to trade lower after reversing of resistance zone and now testing our structure level. What's your view on this pair?
Market broke structure and now retested it, we are currently waiting for a break out and candle to close below our line to go short.
Price failed to make new high and broke the trendline to confirm a potential down movement. i'm currently waiting for price to retest structure before looking to short this pair. What's your thought on this pair?
This is how i'm currently looking at the usdcad pair. Market broke trendline after failing to brake resistance and make new high. I'm now waiting for a bearish set up as confirmation to go short.
• Euro is trading in a bullish trend • Further signs of trend reversal are showing up everyday • First, the pair is trading above the 200 SMA for the second consecutive day • Bulls managed to break and trade above the descending trend line since March 2022 • Price confined inside an ascending triangle, a bullish formation • A break above the triangle targets 1.08...
USDCAD is really a worldwide political-news related pair! OIL is not so predictable these days. there are unpredictable conflicts around the world. But the pair is going to move in a clear channel after following undecidable hours! REMEMBER! This analysis is valid until any BIG news related to oil market. I think the bearish setup is more probable here but...
This is how this pair played out. This went as we hoped for it to go! We move!
• Trading above ascending trend line • Symmetrical triangle on hourly chart, a continuation pattern • A symmetrical triangle forms after a strong move, indicating a pause before the continuation of that prior trend • Next target for bulls is 1.0480 • Bullish bias intact as long as the Euro is trading above the black ascending trend line
• Upward channels on daily chart • First channel was broken, upper trend line was re-tested and is acting now as a support • Pair now targets the upper resistance line of the second channel at around 1.05 • First resistance at 1.0480 • Second resistance at 1.0790 • Bullish stance as long as support at 1.0350 is held
This is how we think the EURGBP pair could possibly play out. What's your thought on this pair this week?
Currently waiting for the candle to close below to take a sell after price retested the resistance zone. What's your thought on this pair?
This is how I’m currently viewing the EURNZD pair. What’s your thought on this pair ?
What’s your thought on this pair ? This is how I’m currently looking at it. Waiting for a breakout of correction to enter a buy position.