GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry...
AUDNZD has been a weird pair. Ultimate trend down, but stuck in a range for 7 years already, and no breakout in view. For now, I do see it go long, and potentially trap buyers, but we remain neutral on that for now.
Currently, I am eyeing an entry on H1, with the Corrective Pattern broken and potentially getting a retest now. Further confluences are as following:...
We saw Gold rally back to the 1900's last week. As of now, it's sitting on a quite strong support level. If price maintains this level, we might see it rally further and prove us wrong. Otherwise, if it starts to drop, it might just be gathering liquidity build below the zone before continuing it's definitive trend.
As I said in the previous post, I expect USD weakness, that might push the UCAD downwards as well. I am expecting a sellers trap to occur, but only enter upon confirmation. Reaction > Prediction.
GBPUSD is ranging mostly on the small timeframes, with the recent Brexit news specially causing loads of unexpected moves both to the upside as well as to the downside. As of now, my bias is correlating with the USD Index, indicating a weak Dollar before we see bulls kicking in. If we get a rejection off 50% to 76%, we could enter a risky short on it, otherwise we...
We saw EURGBP rally all the way from 0.8860 to 0.9270.
Will it continue the rally? For now, we saw price retrace all the way down to 50% before starting to push higher and break above the mini S/R area it formed at 0.9120. As price currently sits above that level and under a descending trendline, we are awaiting a break of that trendline followed up by a...
GBPCAD like most GBP pairs is signaling a drop soon. Price has been downtrending on H4 before breaking out of the trendline, and forming a short uptrend. We also have retracement up to 50%. A break out of the ascending trendline and CP (Corrective Pattern) will confirm my entry. Again, on the monthly, like all GBPXXX pairs, this pair is downtrending as well....
Now this is neither a signal nor prediction, rather this is something I would really like to see before we go Long on XAUUSD (Gold) again..
It's no Harvard knowledge that Gold has been in one of a hell of uptrend, since years. All the way from 100-200 to 2.000, this might have been the best investment for many that did it back then. Either way, it isn't called...
Nasdaq broke previous support and made new lows. Will it recover from here? Will it make new lows? Will it completely crash out?
Well in any case, we would be looking to buy it all the way back to the ATH. Why? Because NASDAQ is in an Uptrend on the monthly and Stonks only goes up.
Personally, I'm waiting for a sellers trao to form, who will sell either at the...
GBPUSD has been relatively weak over the past 2 weeks. We saw a massive selloff of almost 700pips. GBP continues to show weakness over all pairs, and now that Boris Johnsohn also plans a second lockdown, it would send the GBP all the way back to the ground.
I already entered GBPUSD short, with my Stop Loss just above 1.3030 as that level is my invalidation...
USDCHF SHORT IDEA:
USDCHF is a definite downtrend on the Monthly timeframe, specially with the big wicks thrown to the downside during crashes. If you want to be at one side only on this pair, it definetly would be the short side. We are eyeing a break of the descending trendline before a trap to occur for S and R traders. Once done, we enter a short after the...
