The move that we expected since mid October has completed in one day on Friday. Now we have to see the continuation. The levels around 1,1590 are the first resistance which we expect to push price to the downside again. We should see a breakout of previous low and market heading to 1,1500 and even lower. Entries only after rejection of resistance. The target...
Exactly a week ago we saw a 1-hour candle making a 30$ move. Since then price has been trading inside of this candle. Today, it looks like we could see a breakout of the support. If that happens, then we will be looking for short trades and targets at least the amount of pips in the sideways move. Entries only after a breakout!
Price broke outside of the previous highs after the ECB Interest rate decision. That suggests another rise on EURUSD. It will be heading up to 1,1750. The important levels to watch out for are below previous low at 1,1580. We won't take part in this move as it is not confirmed from the higher timeframes and we also have other trading opportunities on the EUR...
For a whole week we have been trading in the zone of 1 candle from last Friday. As we said many times before, while price is trading there, we can't say where price will go next. You could be looking for trades on the lower timeframes in the zone of 1782-1814. This is not something that we trade and observe. We're waiting for confirmed and better entry levels....
Today, we are expecting the ECB Interest rate decision. We shouldn't see any new numbers, but there's always a market reaction regardless. The expectations and the direction remains the same and there's no changes since our analysis from yesterday A breakout below 1,1580 will confirm the downside move and it will allow us to add to our positions
EURUSD is heading to 1,1525. Of course, that's not anything new for those of you following our analysis. 18th of October 21st of October Sometimes it takes a bit more time for a move to complete and more patient is needed. That's the main goal of our analysis. To find out what is the main direction and the right entry moment. Right now, the important...
Today again, price holds in the 1782-1813 zone. Like we said yesterday, we do not recommend any new trades while price is trading inside of this zone. Once we see market closing above or below this zone, that's when we can look for potential entries. Meanwhile, we've got 4 other positions. One of them is risk-free and we're waiting for development. On GOLD we...
Yesterday we saw EURUSD breaking out of the range. This way it confirmed our bias and expectations. Now it's heading to the next support at 1,1525. The current resistance is at 1,1620 and it could be tested one more time. In order to see this downtrend continuing we shouldn't see price above 1,1670.
Let's have a look again at our analysis from 18th of October It will be valid once we see a breakout of the 1782 level. That will allow us to open short trades. While price is trading in the 1782-1813 zone, we don't recommend opening new positions.
On 21st of October we looked at the sell zone and 2 entry options here on EURUSD Both scenarios are still active. We are expecting a breakout of the support in order to confirm a downside move. That would be a secure entry. Trades at current price levels are quite risky! It is also possible to see rise in price above 1,1700 and then a reversal. Follow our...
We've seen price holding around 1760-1800 for a whole week now. While it's trading around those levels, we're not looking for entries. A drop is still possible, but first we need to see a breakout of at least one previous low. As of right now, we don't have such a breakout and that's why it's probably better to pay more attention to other instruments with better...
Yesterday we looked at both entry options on EURUSD "The first one is the more aggressive one, which means price rejecting the current levels or the sell zone. You enter once you get a candlestick pattern signal. The second one requires some patience. A breakout of previous low will indicate an end to the retracement, therefore a beginning of a new downside...
We didn't see anything interesting on GOLD in the past few days, but a ranging market. However, soon we should see the next big move in either direction. Right now, we don't have an active position here and we don't recommend entries. There is a higher probability for a downside move, but in order to get involved we need to see a breakout. An impulse with a...
In our previous analysis we showed you the sell zone and the levels that we expect. Today we're looking at out two entry options. The first one is the more aggressive one, which means price rejecting the current levels or the sell zone. You enter once you get a candlestick pattern signal. The second one requires some patience. A breakout of previous low will...
If you've been following our analysis, you know what to expect from GOLD In order for this to complete, we will be following for a breakout of the next support levels! The first key level is at 1759. A drop below this level will confirm our analysis and it will result in a further downside move. The next significant level to watch out for is 1745. A breakout...
Yesterday we pointed out the sell zone on EURUSD Right now, we're looking for possible rejection of current levels or another test of that zone. In bot scenarios we expect to make an entry today. We will wait for a clear confirmation. Targets are below 1,1525. You can follow the development in our daily analysis. Support us with a comment and like this post!
GOLD is still trading between 1760-1800. While it's there, we're not looking for entries. We would rather wait and trade other opportunities. We're still expecting the next drop and nothing has changed compared to our previous analysis. "In case of a break below the previous lows, we will sell and aim for the levels below 1724. If it goes to the upside, we will...
As of right now EURUSD has been moving totally as expected. We have our sell zone which will be reached very soon. In this case we don't recommend using pending orders. We're looking at an impulse move which means, we could find a better entry level if we're following price action. If we manage to enter a trade, we will be aiming for a breakout of the low at...