Sharing the algo levels for US30 - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
Similar to what I posted for EURUSD, GBPUSD's path given yesterday worked to perfection as it rallied from the buy level for 90 pips to the target (moved +100pips as per now). For today, overall price action is bullish, thus looking for further up. But after a huge rally, it is more difficult to predict if we get a consolidation and breakout, or a pullback...
EURUSD's plan worked out perfectly yesterday as per the path given. I gave a long from 1.0837 level and it hit the level perfectly before rallying 100 points beyond my target. What is it for today? Price action is bullish, bias is to the upside, but in what manner will it move? IMO, I see a pullback before further upside, thus I would wait for one (and possibly...
Sharing the algo levels for US30 - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
Sharing the algo levels for brent oil - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
I was well, wrong on the move for GBPUSD yesterday though the levels would have worked perfectly to capture the move. I was looking for price to bottom but price action was still bearish. And we saw price selling off below OP and PZ and the bearish price action continued down strong to the lowest support level (not included though) before the rally up back to OP...
Yesterday, EURUSD made a huge down then up move. Levels worked perfectly fine though path wise was slightly off. I was looking for either price to open and go higher or it hit the PZ then came down to new lows. EURUSD did initially base off previous day's low, touched the PZ bottom perfectly and started its sell down of 40 pips hitting the level below before...
Sharing the algo levels for US30 - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
Sharing the algo levels for USDCHF - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
I was not sure of the possible move for GBPUSD yesterday. It looked bearish and thus point to further downside but inside me, I see GBPUSD trying to bottom. As such, the levels I gave yesterday were shorts from the higher timeframe levels but those levels did not trade; GBPUSD hit the PZ at most before coming down. But unlike EURUSD which I was more bullish...
EURUSD made a good up move then sell down. I was looking for the up, and it did go to the level given, though my target was the one above. Still there is money to be made. And we got a good perfect rejection off the double resistance level and it flushed lower. Price action looks bearish and point to further downside. I shall not fade that, though personally I am...
Sharing the algolevels for USDCHF - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
Sharing the algolevels for AUDUSD - cyan color is daily levels, purple levels are weekly levels and orange levels are monthly levels. The higher the timeframe, the stronger the levels. In general, above OP and PZ, bias is to the upside and vice versa.
I was looking for a move lower for GBPUSD (similar to EURUSD) but it was much a sideways move for GBPUSD on Friday. GBPUSD came down to re-test the lows before going up 30 pips to test the strong level which I gave but coming down to make a new lows. Overall, much weak. I gave a more bullish move for EURUSD and thus IMO it will be contradicting to give a...
I was looking for a possible bearish continuation on Friday, but it was much a ranging move on Friday. Market did move higher to re-test the PZ (though the bottom) and market found a rejection at the bottom and closed near the mid point of the range. We have a green daily candle for Friday. Is market consolidating before further down or is the near term low made...
EURUSD sold off perfectly as per the path given, trading below the OP and PZ before PPI resulted in the flush, breaking through all the levels. Price action is bearish, looking for further downside, though not discounting a possible pullback first. But overall, bias is to the downside, looking at 1.0833 and 1.0799 as possible targets.
GBPUSD worked out good, was wrong on the level to go short but the short from higher gave a better opportunity and we got a good trend day all the way to move down to close near the lows. Based on the bearish price action, looking for further downside for today. Price has drifted down, though a pullback to the PZ will, IMO, a good opportunity for short. 1.2677...
I was bearish EURUSD but price was held perfectly at the PZ and strong level and market just moved up to the level above. While I ma wrong on the direction, not shorting when PZ and level holds would keep one out of the wrong direction. Anyway EURUSD is strong but overall I am bullish USD for today (bullish USDCHF and bearish GBPUSD especially). And after...