USOIL Has exceeded the expectations I had for it 2 weeks ago. Though it didn't go down the way I was expecting, it went down.
We now have what looks to be a bearish continuation setup and that is what we are looking to take advantage of.
A bullish movement is expected and will likely result in the rejection of that trendline, pushing the price down.
Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
It looks like its time to sell as price seems to have completed the...
EURUSD has been bearish as the dollar strengthens.
We are looking for bearish continuations.
Firstly is whenever the trendline below is broken we will look to sell(follow to stay updated)
Secondly the price may rise to a much larger trendline and there is where our best sells may be at 1.07000
Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets.
this theory has held true once more as price has broken below this MAJOR trendline.
A break of structure can also be spotted as price retests previous areas of support as resistance.
A bearish market is what I am strongly anticipating, and sells I...
Nas100 has been very bearish for weeks as a result of the Russia Ukraine crisis and rising USD rates.
From the impulsive bearish movement price has tested a major supporting trendline on the weekly for the third time, sparking a bullish movement.
An inverse head and shoulders was formed and the price broke the neckline, moving higher.
The market has now tested...
US30 has been very bearish for weeks as a result of the Russia Ukraine crisis and rising USD rates.
From the impulsive bearish movement price has tested a major supporting trendline on the weekly for the third time, sparking a bullish movement.
An inverse head and shoulders was formed and the price broke the neckline, moving higher.
The market is now approaching...
AUD/USD has been bearish for the most part but has been stuck in consolidation which could be identified as a correction.
The price has formed an expanding pattern which in this context is a continuation pattern. There is a smaller expanding pattern with in the previously mentioned one which in its own context signifies a reversal, adding confluence for a...
EUR/JPY has been bullish for some time, giving positives on a previous setup we shared.
Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below.
On the 1H chart, price has now presented a continuation pattern in the form of a flag.
We should look to long when price touches the supporting trendline for the third time...
USD/CAD has been moving down recently following the formation and breakout of a pennant on the daily chart.
Price has now formed another pennant on the 1H chart.
Price showed strong rejections off the previous support with a bearish engulfing pattern
The price impulsed downwards and then started correcting. In such cases, another impulse or move downwards may be...
XAU/USD Has been moving up the past few months.
Price reached a major resistance and pivot point on the weekly chart.
A very long pin bar was then formed, on the weekly chart, this is a very strong sign of reversals.
With price reaching this resistance for the second time and rejecting it for the second time, a double top was formed.
On the daily chart, price...
DOGE/USD has been bearish since June 2021
The sellers have been resilient and have been dominant for most of the time.
Price pushed upward recently, but unfortunately for Dogecoin holders price has formed a head and shoulders, signifying a reversal/continuation to the downside.
Price is now moving up, we should expect a retest of the neckline of the Head and...
NZD/USD had been in an uptrend on the daily chart.
Price started to correct deeply and no that correction seems to have finished of with an inverse head and shoulders.
To add to this, the Elliot wave sequence has completed for this correction and we can expect a reversal of it, hence a continuation to the upside.
Price broke the neckline of the Inverse Head and...
EUR/JPY Has been a ranging market for the most part.
Price has been ranging since May 2021.
this range turned to be a bullish flag, and price was in an uptrend in the weekly.
This gives us strong reason to long this market.
We recently broke out of the daily trendline and should look for continuations to the upside.
I expect price to retrace and respect previous...
US100 has been quite bullish the previous week. Price has recently reached an area of resistance on the 1D chart and is showing strong rejections off it.
Price has now formed a more complex correction which could either be a continuation or a reversal.
Considering The overall trend, we could see price break higher as this could just be a breakout build up.
I'm...
US30 has been bullish for the past week or so.
On the daily we see a form of inverse head and shoulders forming.
On the 4 Hour timeframe I noticed new resistance being formed and price breaking bullish structure.
It currently looks like we could expect a head and shoulders, and if it plays out, it will complete the inverse head and shoulders on the daily...
USDWTI H4
This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone.
Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
Risk sentiment this week looks like we could be setting the tone for a risk off environment, however AUSSIE is currently looking under pressure! After it recently broke to the downside from it's larger ascending structure.
Zooming into the intraday timeframe, we've had a beautiful retest and high test candle rejection of the previous swing low (inside the...
FOREXCOM:XAUUSD
Gold!!! Is the Shiny precious metal losing its 'flight to safe haven status' OR is this the opportunity to scale in to our Long positions and ride it to the absolute HIGHS?
with the possibility of a potential correction / phase of distribution around the April 2020 swing high?
Focusing on the overal market structures, using top down...
