Battlefieldfx

Battlefieldfx

For now this is how I am looking this pair…looking for more sell opportunity. The setup is mechanical in that it has confirmation of the structure that has 123 and if it fails, I will get a feedback from the market then take the next accordingly.

Battlefieldfx

Gold is currently bullish and its approaching the area of value which happens to be the highest of all time…. However I am not interested in buying further once 2078 is taken out, I will be looking for sells then. This coming week I will be monitoring price and still looking for Longs

Battlefieldfx

USD is currently gaining strength hence we see this bullish momentum, on the other hand JPY is weakening. I am watching 137 as the next price USDJPY should face and the price of 137 happens to be a value area to look for sells. Trend hasn't changed yet!!! Still bearish unless 137 is broken to the upside

Battlefieldfx

Gold continues to be the safe haven in the mist of the storm crisis....overall sentiment is bullish, for this week Gold has to find support before continuing further to test 2k mark...

Battlefieldfx

The DXY has reached an area of value which gave way to the bulls to take control of last week Thursday into Friday trading session... This coming Monday we can see GBP/USD continues its bull run towards the 2022-2023 CPI levels....those levels will be the deciding factor that will cause the GBP rise or fall...any pull back next week should be seen as an opportunity to buy!

Battlefieldfx

As it stands PA is currently correcting towards the previous high.. the corrective nature of the last weeks price action can be the middle section of the larger bullish flag… price will still correct to the lows and it will intersect with the two touches on the bottom of the trend line

Battlefieldfx

The overall sentiment of the market is bearish for a long period of time according to technicals… current price action tells that there could be a short term buy to the level indicated as liquidity area then sell off from there! The trade can take three days to shape up… wait for Confirmation

Battlefieldfx

when I look at this pair, I think it might be ready to sell off, however, my plan is to see how the market is going to behave, because the Friday drop gives me 1st confirmation that there could be some commitment of sell trade active. be taking a sale once I see the pattern

Battlefieldfx

On EURO USD pair I see a short period buy with a long period of Sell opportunity… I would like to sell in those indicated zones on the chart and for now I will be looking for entry buy setups

Battlefieldfx

This is how I would like to get involved in the bearish market for this coming week.. well on a bigger picture USDJPY hasn’t shown any sell commitment… this might as well reverse to the upside which will indicate that the Friday drop was just a correction

Battlefieldfx

At the back of my mind i still have 120 level as the hot zone which DXY could test soon but that might also not play out and we see a sell off which gives us the urge to capitalise on other assets which are negatively correlated.

Battlefieldfx

Looking at USD as it stands one should not be ignorant of the selling coming into play! This is my sell game plan! if it plays out… however you can still capitalise of the nature of structure: impulsive and corrective, meaning you will be looking for buys as continuation of this current Bull market.

Battlefieldfx

What I think about this pair...my confirmation of sell will be the bear flag as a continuation pattern to say that Traders are committing to the sell

Battlefieldfx

I am not disputing the fact that the Japanese Government is busy hiking Interest rates to boost its currency at the moment, But What goes up must come back down eventually...My plan for Shorting this pair is as follows

Battlefieldfx

Nothing has Changed on GBPUSD, I still see a bearish Trend On this Pair

Battlefieldfx

@ this pointing time Gold looks like it is in a process of forming a bearish continuation pattern (bear flag) to the downside, of course, if DXY manages to reach the Value Area! because DXY gives the impression of dropping, which gives the opportunity for Gold to rally ( as I have indicated in the second scenario for buying)... let's see how Gold Plays out eventually

Battlefieldfx

115 currently acts as a gravitational pull, the price will reach the value area (115) correctively and I have marked the beginning of this corrective move as the 90% percent retracement to the downside! if this move plays out accordingly! do expect Gold AND other USD Paired assets to be bullish at 90%... remember forex is about probability...