AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Currently AJ is in a steep downtrend and it will be hard to catch falling price action. Ideally, we will look for a retest of 95.000 resistance with convincing bearish variations to enter short on. Look to target lower toward 93.000 support. Trade scenario 2:...
hi to all friends Hope you all are enjoying me ideas and analysis. Now i am here to discuss about OANDA:EURNZD OANDA:EURNZD Located in a descending channel ( DOUBLE TOP )....more downside.... NOTE:: Most likely, it will fall to the 61% Fibonacci support level Trade Idea: - Watch for bearish price action at the 38-50 fibonacci level and take OANDA:EURNZD...
AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU. Going into this week we’re looking for a break or bounce of our 0.65500 zone. If we are to continue bearish we’ll look for a break below 0.65500 with a convincing lower high below. Trade scenario 2: If price action...
DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we can see DXY is very bullish and overextended. Going into this week we will be looking for retracements and structure formation closer to our 110.700 support zone. Ideally we can spot healthy structure and move forward with a bullish trend. Trade...
XAUUSD is Heavily in Downtrend and As traders we need to know the probability of Next movement in the market. So i have Drawn all the Important Zones for you people on the chart. All the Sell areas have marked in Grey and Red lines are showing the price. Remember 1.Wait for the Price to reach in this area. 2.For Smaller Time Frames Look for the smaller...
Week 38 has been very eventful to say the least. On Wednesday we had the Fed raise interest rates by an expected 75 basis points for a third consecutive time. This created uncertainty within the markets which provided us traders with volatile conditions. SPX went down 6.2% after the meeting on the 21st however the dollar gained even more strength which is...
Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, fakeout? ————— Key Takeaway: Seen a break of trend line last week but you have to remember this was only due to JPY's attempt in aiding the currency, the bearish spike did not last long and is already back on the rise. Looking for...
Pair: USDCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. Huge bullish candles have formed which leads us to believe that this major level of resistance above will be broken. We might see...
Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, fibonacci retracement ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. We saw bears come through a bit before market close last week and we recon the momentum will continue to the vital levels...
Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of vital areas ————— Key Takeaway: Alot of bullish momentum for USD which has caused this pair to show alot of downward momentum. We have already seen a break and caught some pips from this on Friday, will be looking for retest...
NZDCHF currently has a score of -4, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theNZD has a long percentage of 32.46%, and we see that the CHF has a long percentage of 35.39%. This category receives a 0, as institutional traders favor the CHF. Taking a look atNZDCHF, we see...
CADCHF currently has a score of -3, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theCAD has a long percentage of 51.1%, and we see that the CHF has a long percentage of 35.39%. This category receives a +1, as institutional traders favor the CAD. Taking a look atCADCHF, we see...
CHFJPY currently has a score of +3, or a Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theCHF has a long percentage of 35.39%, and we see that the JPY has a long percentage of 23.05%. This category receives a 0, as institutional traders favor the JPY. Taking a look atCHFJPY, we see...
Price action and chart pattern trading setup > A possible uptrend 4 wave with expanding triangle pattern ABCDE > Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave > The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump...
Possible rise for Bitcoin to break the top But the level of 19020 must be broken strongly Beware of false BREAK
hello traders We have a strong bullish wave in the price chart and the bearish wave is somewhat correcting. It is possible that we will get a bullish wave similar to the first one, but the liquidity will be seized first.
hello traders There is a selling momentum that has broken a support level that has become a resistance. It is expected that the price will retest the Level or maybe the supply level will reach and the price will fall again.
In this video we recap the US stock market price action from last week and game plan for the week ahead. We break down the 3 possible scenarios the market may take next week and how to plan/structure trades around them. This video was specifically recorded for short-term tactical traders looking to catch a multi-day bounce, and does not acknowledge/discuss the...