I got knocked out of my stop loss. I realized my mistake but my analyzation hasn't changed. So I jumped back in at $0.153400, Stop loss at 0.128430 with same take profit 0.197900
USDCHF has shown bearish mode at 0.91800. I think this level is a great supply zone, which will see USDCHF sell to my indicated Buy Zone. Additionally, USDCHF broke out of a rising wedge at 0.91800, whilst rallying in an ascending channel. This is a great and second confluence to confirm a reversal. Price action also gave us an evening star reversal candlestick...
GBPNZD Sell Setup (for VSA Traders)
EURUSD lost some strength at the beginning of the week after the rise in US yields which offered some support to the USD. The 10-year yield reached 1.33%, the highest level in a year. This only boosted the US Dollar and depreciated the Euro by 100 pips at the beginning of the week. From a technical perspective, the Euro ranged most of the week and ended the weekly...
The British Pound has surged past the 1.40 level, reaching the highest point in almost three years. UK Markit's preliminary PMI’s came out notably above expectations, but the bullish move was primarily driven by a Dollar weakness, which suffers after last week's yield increase. Our technical view remains unchanged, and we still expect the price to start a bearish...
The USD/JPY reached a five-month high last Wednesday going beyond the ¥106 level, boosted by better-than-expected data in the US Retail Sales. As you can see on our chart, the price rejected the upper channel line twice, having a chance to go for a third attempt and make a new top. However, for this week we expect the price to retest and maybe break the bottom...
As we predicted in our previous analysis, the “Aussie” soared to a fresh three-year high of 0.7879 last Friday, holding on to gains as the week ended. For this week, we expect a small price pullback towards the trendline and the support area that would act as a trigger for the next bullish impulse that we expect to unfold. Trade with care. Best...
USD/CAD witnessed some heavy selling for the second successive session on Friday. The Canadian Dollar benefited from a weak US Dollar and also seemed to be obtaining some support from a sharp rise in Canadian bond yields. Technically speaking, we expect the price to continue its bearish move inside the channel, creating a sequence of lower-lows and force some...
In our last analysis, we predicted that Gold will continue its bearish move towards a new low. The target was reached and the structure is now officially completed. This week we will monitor the price action, as it may have a tendency to make further lower-lows until we hit the liquidity pool area highlighted on the chart. We expect the bulls to monopolize the...
Silver adopted a corrective behavior for the past week, and at the moment it’s constructing a simple consolidation pattern that will depreciate the price shortly. In the coming week, we expect this pattern to finish around the “bearish sweet spot” area and make room for “sellers” once again, having as a target the $24 major support area highlighted on the chart....
Last week, Oil fell the most in nearly a month, suffering from a deep market selloff in sync with the current energy crisis in the U.S. that will likely keep refineries shut for another week, lowering the demand. In the past few weeks, our technical perspective inclined towards a bearish move and it looks like it has been finally triggered. At the moment we are...
In the past week, Natural Gas started a sideways move that we will expect to continue at least in the first few days of this week. Based on our analysis, we foresee a price pullback towards the support area highlighted on the chart in order to sustain a further bullish momentum that can push the price towards the $3.20 level. Trade with care. Best...
The copper market edged to new highs, with prices pushing above $4 a pound, its highest level since September 2011. However, we recommend caution as the rally looks a little unstable and overbought and a strong “bearish” impulse could be waiting around the corner. Yes, we are in a strong weekly uptrend, but we need at some point to start a bigger degree corrective...
Hello Traders, Hope you all are doing good!! As my overall bias is still Bullish on EU, I expect EU to hit that 4H OB & then look for BUYS in that area. For Intraday TP can be 1h OB, though in long term i expect it to go till 1.235 level Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea....
Nasdaq slid from the record highs registered last week on concerns over a possible spike in inflation, while the rise in Treasury yields continued, adding fuel for an economic recovery backed by the stimulus program and the vaccine campaign. Tech stocks are particularly sensitive to rising yields since their value depends heavily on future earnings, which are...
Hello ladies & gents, This is another trade I took this morning but I went for a walk and completely forgot to post it on tradingview! Woops. Anyway, price induced past a set of weekly lows dating back to 2018 and gave me a signature reversal pattern. I took this after London Gap Time and my take profit target is located @ the bearish orderblock which I've...
EURUSD Top Down Analysis These are 2 points of interests I have my eye on.
Since my last idea, price has come back to re-induce above the previous highs and presented us with an M15 sell structure. Trading this week definitely exposes us to more risk than normal as many of the pairs are on hyper-extended runs with the exception of USDCHF. As this trade follows the rules of my system and the RR on this trade is 1:3 and above, I've...