Hey Traders 👋 Quick update on GBPUSD. Remember the trade we rolled out on Monday? It clocked in a cool 30+ pips before taking a bit of a breather. Looks like it's not done yet. I'm seeing a solid chance for a continued push upwards. So, it's a new trade, but sticking with the same setup as before. The 1-hour chart shows a new wedge pattern and looking at...
Hey Traders! I'm currently eyeing GBPUSD as a solid buy opportunity. Here's why: we're seeing a clear uptrend, and importantly, it's just broken through a key monthly pivot point. What's more convincing is the formation of a 4-hour bullish engulfing candlestick pattern. Also, the 1-hour chart shows a double bottom that's successfully broken its neckline. After a...
Hey Traders! Check this out – NZDUSD is shaping up to be a pretty exciting play. We've just seen a break below the 1-hour moving averages, and we're now under a key pivot level on the lower timeframes, which hints at some solid bearish momentum. Also, the 4-hour candlestick is sporting a long upper shadow, suggesting that the sellers might be settling in for the...
Hey Traders! Got a bit of a challenging one for us today. The market's been on a steep downtrend, but recently, it showed signs of upward movement after the release of somewhat positive PMI news for the dollar. Despite these dynamics, I'm sensing a potential drop of 60-100 pips. The currency is hovering around a monthly pivot line, and the 200-day moving average...
Hey Traders! Here's an exciting update: We're looking at a promising bearish opportunity, with a target of at least 5283, and potentially even more. The market trend seems firmly bearish, and we've got an engulfing candlestick pattern confirming our entry point. The recent daily rebound off the 50-day moving average indicates that sellers are still active. Plus,...
Main reason is we have broken the monthly pivot line on the daily, 200 MA crossed on the 12, Strong bullish flag and inverse head and shoulders on the 4 hour suggests a continuation. Overall market direction is also bullish, which is inline with our overall analysis. ✅📊
Overall market direction is bearish, The monthly pivot seems to have broken on the daily at least, likely its going to touch the wedge or bearish flag tp, if all breaks then tp3, we need a solid break of 4h support to confirm this trade 100%, but I feel like the patterns are already enough to push this through. 😊✅
Hey Traders! AUDJPY - although its definitely trending to the downside, I feel we might have a push to the upside due to it sitting on 50 daily moving average, while also sitting on a strong monthly support pivot point. I highly doubt its going to break it easily and this makes for a great trading opportunity, AUD is currently being bought by hedge funds while...
Hey Traders! Simple price action really, broke monthly pivot point on the daily timeframe suggest a push exhaustion and now a continuation to the upside, likely to the weekly resistance, if broken we will see this trade head much further.
Hey Traders 👋 The market is currently trending upward, but after its bullish push, we might see a retracement back to the 20 moving average or the trend line, potentially yielding 40 pips profit. Notably, the monthly pivot point is struggling to break on both monthly and weekly timeframes. With the end of the monthly candlestick approaching in about 1 day and 8...
Hey Traders! 👋 I believe we have a good chance to re-test previous area of resistance or the top of the current lower timeframe downtrend, if broken we will see this trade to re-test the previous monthly pivot point. Both currencies are in a 52 week low against the dollar in the futures markets, I still think the CHF is the better safe haven so likely it will...
Hey Traders! I believe AUDNZD has the potential to head further up to at least retest the previous area of resistance, nice wedge + double bottom confirmed should continue with the overall market trend.
Hey Traders! Broke out a recent wedge, I believe we could have a nice bullish rally to the next area of resistance market in white lines on the charts. JPY banks are closing for a bank holiday I suspect some power in other currency pairs against JPY. JPY is also on an 52 week low in the futures COT data.
Hey Traders! I believe GBPAUD has good potential for bearish pressure, The recent 15-minute head and shoulders pattern was broken typically meaning further bear momentum, however its also sitting at a 4h h&s neckline, if that breaks then very good confirmation for shorts, but there is a possibility that this gets respected and it will pullback. First, take a...
Hey Traders! Okay this trade is against the overall market trend which is typically bad news, however we are sitting a important monthly pivot line 1.09434 in combination with the overbought RSI + the recent bearish harami candlestick formation. I believe should have a pullback towards the 20 MA which is around 60 pips, if that breaks then surely it will drop...
Hey Traders! I believe this trade can re-test the previous resistance about 30-40 pips away, if it manages to break it then it will likely continue its bullish trend. Strong 4h lower shadow suggests that buyers are still in the market. Overall market trend is also bullish. EUR is being bought and Swiss is on a 52 week low. ✅📈
Hey Traders! EURAUD could be a good buy, it broke out daily triangle pattern, and has not yet finished reaching the previous inverse head and shoulders take profit level. I believe this + the overall market direction of moving averages will take this trade further to the upside. As always first take profit should be around 20-30 pips then manage according to...
Hey Traders! I believe AUDNZD is a great buy for several reasons. - Overall market direction is bullish. - 4h Falling wedge for minimum 20-30 pips take profit - Hedgefund are increasing buying power for AUD while selling off NZD - Candlestick are above 2 important moving averages. - There's space for bullish movement until it reaches the first barrier...