Looking at the 4h chart of USDCHF, it’s pretty obvious that price has been in a consolidation of a quite a while, being traded into a range between 1.00100 and 0.98620.
On Thursday price breached below the lowest level of the range in addition to the 0.98480 a key support level, better seen into the daily chart.
In my books, this sudden spike to the down is a...
Picture perfect uptrend in USDJPY, with price making higher highs and higher lows in the daily chart, there is no question that we are bullish in this particular market.
Price dropped in a sharp move starting from the 113.700 level taking out previous support 111.600. It’s not clear on how price is going to behave in the following days. What we want to see is...
Still in a downtrend, since price never managed to break above the last major swing lower high, what we do watch for is a selling opportunity in the EURUSD.
Another key factor why I am bearish in EURUSD is that obvious stop run occurred at the 1.14730 level. Pay attention to how price spiked massively from the 1.13650 level breaching above previous resistance...
GBPUSD broke below 1.26625 key support, reaching 1.24770 where it ended its sell-off starting a pullback to the upside.
It reached previous support 1.26625 where we do have multiple rejections a great sign that the level now acts as resistance.
In addition to that, we definitely had a stop run above 1.26840 level, a signal that most likely smart money have the...
Looking at the bigger picture in the GBPNZD there is no question that price is in a downtrend for good. Price is being traded below 1.86265 – a key resistance level – another factor to consider that we are in a bearish context.
Looking at the hourly chart of the market I have highlighted a short-term resistance level (previous support) – the 1.84840. Price is...
It’s been a month since the price in EURJPY started moving into a range – between 129.230 resistance and 127.620 support level. But even if with definitely have no clear trend direction, I truly believe we are sitting in front of a very nice sell opportunity here. Since my trading plan is to attack liquidity levels ( I am not a major bank :)), I am planning to...
Willing to define the directional bias in AUDUSD, all I did was to take a look at the higher timeframes of the market and focus on structure levels. Since the 0.73940 level price has been in a sell-off, dropping making no corrections. On its way to the down price breached below the 0.72000 key support level setting us into a bearish context.
Another factor we may...
Strategy:
Looking at the 4h chart of the USDCAD it’s pretty obvious that we do have an uptrend with price making HH and HL on its way to the upside. Since our view is bullish we will focus on if (or when) the current correction (pullback) is over so to start looking for a buy opportunity trying to catch a new impulse to the upside.
Setups:
Switching to the...
Hi all,
Strategy:
Trying to identify liquidity pools which are what the big banks and institutions are looking for at all times, I came up with the EURUSD daily chart and more specific with the 1.3020 level of support. Our goal is to watch for a sell opportunity at current resistance level, aiming for the 1.3020 level.
This strategy is based on the idea that...
