LouisTeo

LouisTeo

We are seeing a double top rejection on the D1 chart and with the lack of volume, I believe that price will not be able to break out higher.

LouisTeo

We are seeing lots of rejection at the current support level. This could signal more bullish upside for EURJPY

LouisTeo

We are seeing bulls slowing in EURUSD D1 chart. We might see a last effort to swing up before price starts falling.

LouisTeo

USD may strengthen this week with no major forex news on the horizon. Market is also starting to price in a 0 rate cut 2023 which could lead to a differential in interest rates by Fed vs the rest of the central banks.

LouisTeo

Previously we got stopped out after a breakout higher. But this breakout has formed a false breakout and fell back to the downward channel. We are looking to short once the price retraces higher to retest the broken support turned resistance.

LouisTeo

We are looking at a possible intra-day trade once price retrace lower in the zone of value for us to long.

LouisTeo

We are seeing exhaustion of bulls in USDCAD. I'm setting a sell limit when price move back to my area of value.

LouisTeo

We saw a breakout upwards of the downward channel followed by a retest of the broken resistance turned support. When we are looking at the volume, price seems to be holding well and could head higher. FOMC this week will determine if price can break towards my TP.

LouisTeo Updated 

Price hit its resistance level on the D1 chart. We expect a slight retracement back to the broken resistance turned support. In the medium term, we are expecting a breakout higher. We are basically trading the short term wave for now.

LouisTeo Updated 

GBPCHF form a very nice hammer candle stick pattern on the D1 timeframe. We expect a retracement upwards in the short term.

LouisTeo Updated 

USDCHF recently broke its resistance and has turned support with price holding at the same level. We saw a unconfirmed false breakout on the support level which could signal bullishness coming back. I'm risking a small trade to enter this pair.

LouisTeo Updated 

We expect a short-term swing up for USDCAD after seeing a breakout from the downwards trending structure as seen from the chart.

LouisTeo Updated 

After 3 months of consolidation, price finally broke lower to a historical low which was touched previously in April 2020. I believe that we are seeing an oversold situation and expect the price to retrace higher to the previous POC (point of control)

LouisTeo

We are seeing a false breakout with a sudden high volume on the current bearish candle. We expect price to start falling lower back to the 1.4500 price levels.

LouisTeo

Price previously did a false breakout above the previous 2 highs on the H4 chart. This confirms a bearish trend though we will set a sell limit for a better risk to reward trade. Have patience on this as rushing a short trade now might not be optimal for the RRR.

LouisTeo

We are see some decent support for CHFJPY at the 145 price level. We expect a swing up higher towards 148 price level before we will take a short.

LouisTeo

We are seeing a nice rebound in Meta though we have a buy limit inside the yellow support zone which should give a better risk to reward ratio.

LouisTeo

We are seeing very strong volume building up for COIN which could lead to further upside for this pair. We can use COIN to take advantage of the crypto narrative.