Since price actions spike up! we have seen strength in the dollar! my bias on this pair is currently bearish due to price action pulling back into previous structure (with fib confluence in the same area) and having a instant reaction once in that zone. i predict price will drop down to the 1.28100 level (previous resistance now acting as support) BUT WE SHALL SEE
AUDCAD is in clear bearish trend on 1H, and currently price pull backed into the Kill Zone. You can wait for an entry reason like LLLC or Double Top on Lower Time Frame, or you can simply enter right away - you will get more than 1:2 R/R. Stops would be above current OR and we would target a retest of the NSL
The recent rally on the EUR has pushed price up into our previous structure highs. Needless to say this will be a level that I'll be closely watching in today's trading. Akil
On 4H time frame, price is giving us low risk, high return trend, structure trading opportunity on EURUSD - we get 1:4 R/R Factor. There is reversal zone made: structure zone (current OR) Fibo inversion You can enter right away, or you can wait for your rules of entry. Stop level is below current OR, target level is the retest of current NSH. If you are truly...
EURUSD on 15M is in a pullback mode, that is in an established bullish trend - look to the left, there is a series of NSH and OR(pullbacks). Currently the pullback turned out to be a complex one, giving us a potential advanced harmonic pattern - Bullish Bat. I will use the Bat pattern as an entry reason for a trend continuation trading opportunity - targets are...
USDJPY gave is a conservative structure trading opportunity - 2618 setup with a little bit more than 1:3 R/R factor. You can enter right away or waiting for an entry reasons - RSI is in OB condition. Stops above current NSH(the double top setup), 1st target will be a retest of the structure low(the low formed after the "V" of the double top setup was violated) and...
The GBPUSD is setting up a potential bearish Bat formation. The completion of this pattern would come at a price point which has acted as both support and resistance in the recent past. Akil
EURUSD made another retest since price failed to close higher above current NSH, but this gave is a potential counter trading opportunity. Price was stop by the current structure level and RSI is in OB condition. My entry reason will be a Double Top - since we have the left already. RSI is in OB, it's almost certain that market will put a bearish RSI Divergence...
After price broke higher the structure zone, now GBPUSD is heading towards the reversal zone on 1H. Reversal Zone is formed by: 1.414 Fibo Extension from the current structure Low to local high 1.618 FIbo Inversion 0.618 Fibo Retracement Structure to the left (purple one) You can enter aggressively on that structure trading opportunity or your entry rules -...
Keeping an eye out for potential selling opportunities at these 2 levels for the gbpusd today. Akil
On GBPUSD, price is heading towards the major structure zone, that is now acting as a Resistance Zone. After the price formed New Structure Low, we are in confirmed bearish trend on 1H. We see that currently price is in pullback mode, so I'm looking to hop on that bearish trend, at the end of that pullback.
We just took a look at this pair in the Syndicate and I wanted to share it with you guys as well. I'm looking for buying opportunities here on the $USDCAD and this particular trade fits right into today's theme of being "Predictive with your analysis & reactive in your execution." With the change in Canadian sentiment, we've seen a massive amount of buying for...
Look for EURJPY to complete Structure A which would be a Straight Channel or Structure B which would see longs at the 38.2 retracement of the preceding wave.
As the EURUSD recovers from Friday's NFP number, price is beginning to set up a potential bullish Gartley Formation. Akil
As soon as I hit send on the email, the EURUSD completes its double top at a retest of previous structure highs. This isn't the best place to short this pair in my opinion, but it is a good one and the only opportunity that I would have due to how price has developed. Overall i still have a neutral bias on this pair but there's certainly room for a correction...
The last pair looked at today was on GOLD. If you're a follower of my post here or anywhere else, then you know that I was looking for a potential head & shoulders pattern. Price didn't quite make it to a horizontal neckline (which is preferred not needed) before heading up to retest the level of the left shoulder. A double top at that level then turned into an...
One of the simpler setups discussed today, price on the GBPAUD is moving down towards the "D" completion of a potential Bullish Bat formation. If a trader were to...look left, you should also see a previous zone that price has recently used as both support and resistance in the recent past as well as a few months back.
This was one of the more interesting pairs that we looked at today as it featured a lot. Starting on the higher timeframe it's important to realize that we have failed to break above our previous level of structure resistance. Therefore what seems like an obvious bullish flag formation may not be as appealing as it once seemed. I'm looking at this as a potential...