BTCUSD Bitcoin is looking very interesting right now definitely still stuck in a bit of consolidation it looks like we’re going to be gearing up for some really big moves. Remember I previously stated that 7000 is a really strong key level so we need to see a very strong push above 7000 and we need to sustain above 7000 otherwise we’re gonna roll over and head...
GBPJPY Looking like the bulls are still in control. I wanted to see a bigger retracement to the downside giving us a cleaner entry for taking a long but that didn’t happen. When it comes to trading you can’t force things. You need to have a trading plan because failing to plan is planning to fail and more importantly you need to STICK TO YOUR PLAN. It does look...
GBPAUD GBPAUD is still stuck in consolidation. I believe we're going to be seeing some very move moves soon. We have to be extra cautious because we could see fake outs, but right now nothing for us yet. Like I said GA is just stuck in consolidation right now and we need to let it play out! Patience will be absolutely key!
USDWT I Oil is looking very interesting, definitely still stuck in consolidation for the time being. I do believe we're going to see some very big moves soon. Remember when pairs get squeezed tight in consolidation we typically see some very big moves. We might be heading lower soon. Sitting on my hands for now and keeping a close watch on oil. I do believe were...
USDCAD My analysis for USDCAD played out perfectly to the T. We came down and tapped 1.400 and the -27 fib. Right now we need to see how we are going to react our current levels of support before we think about jumping into a trade.
XAUUSD Gold pushing down a little. Overall I do believe we are going to see some more upside movement with gold. I feel it is very bullish. That being said gold moves very violently so we need to be extra patient. I am looking to potentially take longs soon but I want to wait and see how low were going to pullback. They goal is to get the best entry as possible....
EURUSD Big movement with the Euro. Bulls are definitely in control. I would like to see a retracement back to the downside giving us a clean entry for a long. I do believe that we are going to continue climbing for the moment, that being said I will be looking at taking shorts soon. Just need to let it play out a but more. I am watching EURO like a hawk.
AUDUSD Pushing to the upside. Definitely at a make it or break It level right now. We need to sit on our hands right now because there’s nothing for us just yet. If AUDUSD plays out nicely we might be taking a trade on this soon. Keeping a sharp eye on AUDUSD to see how we react.
USDJPY Big movement to the downside with USDJPY which I was anticipating. I didn’t want to take a short unless we saw a clean rejection off 112 since we were slow close, but instead resistance held strong and USDJPY just rolled over to the downside. Taking this short would have been gambling. You have to keep in mind that we are not experiencing normal market...
NZDUSD Looking like the bulls are in control but we are experiencing a pullback right now. I was to see how we react around support if support holds and we see a clean rejection I will possibly be looking to take longs.
BTCUSD ( Bitcoin ) Bitcoin is looking very interesting we have tried to retest 7000 multiple times and for the time being we’re going sideways. We really need to see a strong break above 7000 and we need to sustain above 7000 before I feel we’re gonna keep climbing to the upside. If we see a strong rejection and we fail to break above 7000 we’re definitely going...
XAUUSD Stuck in a bit of consolidation at the moment. I believe that we will be seeing some big moves soon so watching very closely right now. You have to be extra patient right now. We can't be rushing into trades right now. We need to keep a level head and let the market unfold. You do not jump into trades when the market is going sideways.
EURUSD Climbing higher we just broke above resistance looking very bullish at the moment. Keeping a very close eye on the Euro for any possible set ups for us. Bulls seem to be in complete control at the moment.
EURGBP I believe that we are going to see some big moves to the downside soon. I feel we could see one more push to the upside giving us a clean entry to take a short. Watching this pair very closely.
EURAUD I believe that we could be seeing a retracement back to the downside before continuing to push higher. I want to see us come down a bit before I consider taking a trade.
GBPUSD after seeing a rejection of previously drawn support GBPUSD pushed up to to test resistance once more. We then saw a a big wick to the downside. Keeping a close eye on GBPUSD decent movement today but very tricky price action. Still just stuck in consolidation for the time being.
GBPAUD retesting 2.000 as previously anticipated in my last market breakdown. You have to make sure you respect these whole even numbers. 2.000 is a strong psychological key level that GBPAUD has been floating around for some time. Looking bullish for now but no trades for us just yet. GBPAUD is at a make it or break it level we need to sustain above 2.000 or...
USDJPY I still feel that USDJPY is going to push up and reject off 112 before rolling over to the downside. Resistance has been holding very well, and we do look like we may be breaking out to the downside now, but I am not fully convinced. I want to see USDJPY push up a bit higher giving us a clean rejection off 112 where I will be then looking to take a trade....