How are we doing Legends. Taking a look at EUR/USD right now, we're in a bit of an interesting situation. Reason being is, we have two drivers that can be potentially be seen. False breaks have been occurring within the 1.13 handle. With this, we're looking at this structure as anyones game at this point. We'll simply wait for the market to make the first move and...
USDZAR, broke out of the Daily descending trend, and created short term Higher Highs. which validated a buy setup, now we wait for the next 2 parts of the trend to confirm that momentum has shifted.
Once confirmed that momentum has been shifted. we can take another buy, by breaking out of the profit taking which we are in no, utilizing the same method as before;...
Due to the results of the election, looks that $DXY -0.21% is expected for further continuation to the downside. Within EU's structure right now, we have a nice short term trend continuation play to come about if short term higher highs are seen. Keep in mind we are in a liquidated movement therefore, trades will be warranted as short term and moderate to higher...
A bit more of a complex structure we have here. We can see that within the liquidated movement that we are in, structure made a strong surge towards the end of October. The strong bullish surge came to an end at the point where the initial bearish momentum began (structural retest). With this, the structure becomes a bit more of a higher risk exposed movement only...
Currently ( Bullish Momentum) within a state of liquidation from the bearish impulse. Within the liquidated movement, looking for short term trend continuation plays if short term higher highs are seen. We can see from last week that retail trades were tricked into thinking structure should continue its bearish momentum further rather just a mere trap for the...
Strucutre is an extremely critical state. Take a looking from a monthly perspective, we can see that the 0.7000-0.7100 handle has been an extremely tough area to break for the bears. With this, it's understandble to see why the banks are looking buy within this region. With this being said, sells and buys are warranted as short term with moderate to higher risk...
Structure is currently within a critical area. Two major momentum's are intersecting with one another, buyers and sellers. With this being said, we will simply wait for the market to make the first move before any trade ideas from a bullish or bearish perspective come about. For any sells, we would first be looking for strong breaks below the ascending trend and...
Within the liquidated movement that was driven by the initial bullish impulse, we can see structure is in a short term ascending trend. The ascending trend came about from the impulse made by the sellers at the beginning of September warranting the ascending trend as relief or profit taking. With this being said, we are simply looking for the market to make the...
Structure is currently within a bearish state. Within the descending channel, we can see structure made a strong impulse from the sellers towards the end of September, beginning of October in which price then moved into a state of liquidation or profit taking (daily ascending trend). We just recently saw price break out of the daily ascending trendline creating...
