Hi Traders, Here's my thoughts on GBPUSD Corrective market structure on the Daily timeframe with Daily and 4Hr support holding firm, current price action on the 1Hr showing an active downtrend channel, and as such we could see a break down of the support structure the higher timeframes. My overall bias is Short and to see price action hitting 1.2550. I will...
Hi Traders, here is my analysis for XAUUSD ( GOLD ) This is an update to my detailed analysis on this pair. 4Hr market structure confirms the bearish triangle formation with price action breakdown below $1920 Based on Elliot Wave Analysis we can identify current price action in the 4th corrective wave, where we will be anticipating and move lower to complete...
Hi Traders, here is my analysis for XAUUSD (GOLD) Technical Analysis: Monthly Timeframe: Strong Uptrend market for gold, in fact we’ve seen price hitting all time highs in the process. Based on Elliot Waves Principles, we have completed the 3rd wave of that super cycle and we should start to see some correction in the market (consolidation) which is also clear...
Hi Traders, here is my analysis for EURCAD Technical Analysis: Monthly Timeframe: We are at a very interesting resistance with where each rejection of this level say price action falling to around 1.50 or below. We are expecting the same to take place here. Assessing the market structure over the past six (6) month we are seeing where we are above an key level...
Hi Traders, here is my analysis for BTCUSD(Bitcoin) Technical Analysis: Monthly Timeframe: Price action is currently in a strong Resistance Level, where the market turned heavily bearish the last time reached these highs and the situation appears to be the same today. The overall market has been in a corrective state and looks like a potential triangle formation...
Market has broken channel to the upside, and we’re also seeing rejection of the 38.2 Fibonacci level coming from the recent bearish impulse. Given this scenario, should we see price action finding its way below 1.2800 we could see a bearish market continuation down to 1.2500. With the US Dollar index still showing signs of weakness, I will still be Long the...
Hi Traders, here is my analysis for CADJPY Technical Analysis: Monthly Timeframe: Strong Downtrend market is active on monthly with price action forming a downtrend channel , with price rejecting a key resistance level . Ideally we should be expecting this trend to continue. Weekly Timeframe: Downtrend market structure also clear on the weekly timeframe ,...
Looking at the chart today from BrainChip ( ASX:BRN ) I can see they it has a couple of potential directions from here. Over the last week or so, the stock has been retreating back from its highs of close to $1.00. Overall though, I can see 2 possible scenarios. Scenario A Holding current levels (which look good considering the 61.8 fib line placement) here...
Hi Traders, here is my analysis for EURUSD Technical Analysis: Monthly Timeframe: Strong Downtrend market is still evident on the monthly Timeframe with price action consolidating beneath a strong resistance level as well. Though Price has broke out and close above the trendline resistance, I would be very cautious with opening Long position from these highs...
Trading View Analysis Template Hi Traders, here is my analysis for EURGBP Technical Analysis: Monthly Timeframe: Market has been consolidating for the past 4 years, holding the lows of 0.8300 and highs of 0.9300 as string support and resistance respectively. The current market structure shows where this consolidation may be the wave 2 correction, with a...
Keeping it short and straight to the point. We saw a major drop in price at the end of the week, we have tested and rejected the previous all time high now acting as support. If this support continues to hold monday i will be looking at a buy and my targets will be the previous high. Consider following our tradingview page, and make sure you check out the bottom...
No nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management) Follow like and share for more clean ideas looking to change up all this guess work in trading forex, want to be successful and change your view on trading Direct message me! 82 forex
No nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management) Follow like and share for more clean ideas looking to change up all this guess work in trading forex, want to be successful and change your view on trading Direct message me! 82 forex
If the price is below the support 1920.80, beginning of downtrend is expected. We make sure when the support at 1920.80 breaks. If the resistance at 1954.13 is broken, the short-term forecast -beginning of uptrend- will be valid. Technical analysis: our current position is at 1938.17 if the support at 1920.80 breaks it will be go down as (bearish) or our take...
Hi Traders, here is my analysis for EURNZD Technical Analysis: Market has been gradually progressing higher over the past couple of years. Recent Price Action from a monthly perspective shows we’ve broken above a strong resistance zone at $1.77 now also acting as strong support. It's a strong possibility to see price action in the $1.86 region based on the...
Hi Traders, here is my analysis for the EURCAD On Daily Timeframe we are seeing where the market have broken out of its 3 month consolidation, with a strong bullish impulse to the upside, hitting March’s highs in the process. Price action also corrected to 61.8% of the impulsive from the breakout. This is also corresponding with the trend channel acting as...
Price is consolidating at resistance turned support area. Look for breakout of trend line and enter long position upon retest. For short position, look for confirmation at the support zone
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.