Gold Thesis - Weekly: On HTFs gold for the past 2weeks candles formed as shooting stars after rejection off $1550 signalling sellers could push gold lower for huge gold recovery. - Daily: After forming lows at $1480 zone price could still recover up to $1525 zone which is th next possible target. (TP1: $1516). - 1hr: Price broke above $1498 and is...
EURUSD Thesis - Weekly: Market structure is bearish with lows taken out. Huge wick rejection off 1.1225 psychological zone signalling bears pushing market lower. - Daily: Clean break below 1.1170 creating new lows and changing market structure to bearish. Next target likely to be 1.1050 support zone. - 1hr: After breaking out of area of consolidation,...
EURUSD Thesis - Weekly: Last weeks candle closed as a huge bearish candle closing below 1.1050 psychological zone. New lows were formed at 1.0985. - Daily: After expansion to the downside creating new lows price has now retraced up to 1.1050 for a retest after break below. Could now see a sell off to next target 1.0930. - 1hr: Could sell now but prefer...
Gold Thesis Weekly: Gold is still overbought and is expected to recover anytime soon. Strong rejections off $1535 zone signalling sellers could be ready to push market lower. Daily: Market structure on daily timeframe is now bearish after clean break below $1535. Huge sell off down to $1494 is expected for Gold. 1hr: Gold has broken below $1535, Now...
EURJPY Thesis - Weekly: Last weeks candle closed as a shooting star for 3rd week in a row and closed below 117.58 signalling bears will most likely push this market alot lower. - Daily: Price has finally broken out of area of consolidation after 6 days. A big move is now likely to occur. Next possible target 116.50 psychological level. - 1hr: After break...
Gold Thesis Weekly: Gold has over extended to the upside and has stopped at $1532 rejecting off it and last weeks candle closed as a spinning top signalling a slow down in bullish momentum. Daily: After bouncing off $1532 price is now selling off and has now closed below $1506 changing gold structure to bearish. Next likely target $1469. 1hr: After...
GBPAUD Thesis - Weekly: Last weeks candle closed as a huge shooting star after rejection off 71% fib level signalling bears are in control of the market. - Daily: Market structure bearish. Break below 1.7900 psychological zone. Next possible target for GA 1.7655 support. - 4hr: Price has now pulled back into 1.7900 zone to retest as area of...
EURUSD Thesis - Weekly: After huge rejection off 1.1200 psychological weekly zone last weeks candle closed as a bearish engulfing signalling bear strength. Market structure on HTFs bearish. - Daily: New lows formed at 1.1050 psychological level. Could see price retrace back up to 1.1170 for recovery with market showing signs of bullish momentum with...
USDCAD Thesis - Weekly: Last weeks candle closed as a shooting star after rejection off 1.3250 weekly zone signalling bearish pressure entering the market. - Daily: After rejection off 1.3310 zone price formed a bearish engulfing closing below 1.3267 4hr zone. Friday candle closed as a shooting star signalling bearish move still expected. Next target...
GBPAUD Thesis - Weekly: Structure for GA is still bearish. However last weeks candle closed as a strong hammer after rejection off 1.7650 support zone signalling buyers could push GA highers. - Daily: Rejection off 1.8000 resistance zone also forming double top confirming area of consolidation (range) between 1.8000 - 1.7650. Next possible target...
GBPAUD Thesis - Weekly: Structure for GA is bearish with a break of 1.8030 creating new low at 1.7650. After rejection off 1.7650 last week candle closed as a spinning top signalling indecision. - Daily: Previous 2 days closed as a reversal candles (shooting star, bullish engulfing) at 1.7650 support signalling bullish momentum entering the market....
USDJPY Thesis - Weekly: Although last weeks candle closed as a spinning top signalling indecision, the overall market is still bearish with candle closing below 107.850. - Daily: To confirm bearish analysis on weekly TF head & shoulders pattern has formed, now break below 107.850 has confirmed market can move lower to 106.800. - 4hr: Huge shooting star...
USDCAD Thesis - Weekly: Last weeks candle closed as a shooting star just above 1.3022 support signalling more sell momentum is likely to come. Structure is still bearish. - Daily: Market structure is still bearish. Yesterdays candle closed as a huge hammer signalling buy strength. Next target likely to be 1.3137 resistance. - 4hr: Inverse head &...
GBPJPY Thesis - Weekly: Price is currrently resting on monthly support 136.50 with last weeks candle closing as a hammer candle signalling bullish strength entering the market. Previous 2 weeks closed as hammer candles. - Daily: Market opened with huge gap to the upside opening above 137.25 creating new high. Next target for GJ is 138.15 resistance. -4hr:...
EURUSD Thesis - Weekly: Price closed as a huge bullish engulfing candle engulfing a huge number of weeks & closing above 1.1300 psychological level. - Daily: Daily break above 1.1300 major level & break of counter trendline signalling a change of momentum from bearish to bullish. Next possible target 1.1450. - 1hr: Price currently in a micro trend forming...
EURUSD Thesis - Weekly: Market structure for EU is bearish. However double bottom at 1.1100 monthly with 2 hammer reversal candle signalling buy pressure. - Daily: After huge break above descending trendline & 1.1195 daily, price reached 1.1250 psychological level. Price is now expected to retrace back down to 1.1195 for retest. - 4hr: Multiple long wick...
USDCAD THESIS - USDCAD W: Last week candle close as a long legged doji signalling indecision. Market structure still bullish. - USDCAD D: Price on its way down to 1.3400. Been stuck in range for a while. Once price reaches 1.3400 and holds next target 1.3500. - USDCAD 4hr: CAD making way down to 1.3400. If 4hr candle holds should see a rally off 1hr...
EURUSD THESIS - EURUSD W: After rejection off 1.1256 price closed as a bearish engulfing marubozu. Market structure is very bearish. - EURUSD D: Price broke above 1.1170 with a bullish engulfing/ hammer signalling bull strength, Next target 1.1223. - EURUSD 4hr: Descending trendline broken momentum changed to bullish. Daily highs have been taken out....