Many have asked me to do another in depth breakdown on the USD pairs.
Personally my bias and view is more weakness to come on them.
So I will break down all the potential USD pairs that are developing nicely for some opportunities.
Currently in EURUSD Long and watching out for other pairs as...
Also eyeing USDCHF for bearish downside price action.
We can see price formed into an ascending channel, correcting the price up.
At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action.
Latest development shows price broke out of the ascending channel, and formed a...
Looking at the USDCAD's price action for potential further downside opportunity.
We can see after price has hit the higher time frame double tops, it corrects into an ascending structure, which is a possible indication of a reversal price action.
We then indeed see a strong bearish impulse phase happen, and price pushed down aggressively.
Finally we are seeing some bullish price action on the lower time frame of EURUSD.
WE can see that price has reach both the higher time frame and both lower time frame's bottoms.
A HTF double bottoms, bottom of the HTF parallel structure, bottom of the LTF expanding structure, and bottom LTF descending channel has all been reached.
This is a...
Also eyeing AUDUSD for further upside potential.
We can see a higher time frame descending structure that the price is currently in.
At the bottom, a bullish reversal price action, giving us an inverse Head and Shoulder pattern,
and we saw a strong bullish up move follow by correction.
Now that price has confirm broken out and is in the impulse...
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
First Entry: Closed down for -1% loss
Second Entry: Running about +0.7% profit
Third Entry: Running about -0.3%...
Looking at Silver here for the bullish long term outlook.
From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy.
Finally, we see price correctively move down to the HTF lows within a descending channel, a potential double bottoms as well.
Been very busy with other sessions but do find time in between to do some trade analysis and forecast :)
Here on UKOIL, we can see a nice higher time frame structure in the making.
With a few swing highs and lows, signaling a potential completion of this structure.
The latest development shows us an ascending channel, correcting the price up...
What can expect from the USD in the near future ?
As we can see here, price is once again at the top of the overall current price action structure.
Price spent much of the time since July correcting within the expanding structure. Not much bullish price action here.
Now, we can see a potential double tops, price formed a lower time frame...
Also eyeing SOL for bullish price action to continue.
We can see price has already made a strong impulse move to the upside, and formed a continuation correction.
Price then has a clear impulse up on the lower time frame, good sign of bullish continuation development.
Now that the price is forming into a lower time frame continuation correction,...
Been quite busy these days and not much time to write out analysis, mostly doing the live stream as a way to share outlook and forecast.
Here on EURUSD, its nice to start seeing potential bullish opportunity once again.
From my previous buy forecast, price indeed had the bullish up move, but didn't continue further, instead it had some...
GBPNZD is also on my watchlist for potential bearish continuation opportunities.
We can see that the higher time frame has formed into a larger parallel channel structure after the strong impulse phase.
Naturally price will correcting within, and good to be patient here to wait for bearish confirmation.
Latest development shows a lower time...
Similar like few of the JPY pairs that I have posted, CADJPY is once again shaping up for the sell.
from my previous CADJPY analysis, the price did impulse down aggressively, , but did not continue further after hitting the lows.
Price then reverse up to correct into an ascending channel reversal.
This is an indication price is once again...
Hi Guys, the XAGUSD is in a structure where it needs to tell us where it will go in the future. Structure is showing us two possible scenarios the wave structure could develop. I will wait for a correction before buying or selling it. I guess setup will be clear next week and we all will know which way it will go.
Thank you for your support.