ScottMescudiForex

ScottMescudiForex Updated 

Description of future movement in the chart.

ScottMescudiForex

Hi traders, We been patiently waiting for this trade to place itself for us. We have finally a great risk to reward ratio on this entry. Our favorite indicators are showing us that we are due for some much needed correction. That would be the first step. We would move our SL in profit when that happens. Now, we are in a bearish channel but we touched an important...

ScottMescudiForex

Hi traders! Following the other great entries of last week... here is a new one! We can see here (and on other charts) that the USD is losing momentum recently. We are floating above our long term symmetrical triangle which is bullish for this pair. It is not as evident in this chart but the RSI and MACD on XAGUSD is showing us that a big bull run is in the...

ScottMescudiForex

Hi traders! Very caught up in RL so I'll be quick with this one GBPUSD LONG ENTRY : 1.40558 SL : 1.39762 TP : 1.44797 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex

Hi traders, A simple follow up to a trade I already shared EURGBP SHORT ENTRY : 0.8750 SL : 0.88055 TP : 0.84085 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex

HI traders, EURUSD confirms itself into a new downtrend channel I still need to see the break of this support shown in the chart above but the RR is real good at current price level. Both my favorite indicator showing bearish divergence too! Here's what I'm thinking : EURUSD SHORT ENTRY : 1.2301 SL : 1.23991 TP : 1.18856 Trade safe! Disclaimer: This is my...

ScottMescudiForex

Hi traders Here the quick analysis for the week : DXY BROKE BEARISH CHANNEL PA COULDN'T STAY OVER SYMMETRICAL WEDGE WITHOUT GETTING REJECTED STRONGLY LOWER LOWS, LOWER HIGHS MACD + RSI DIVERGENCE VERY TECHNICAL DROP (TOUCHING SUPPORT AND FIB EXTENSIONS NICELY WITH RETRACEMENTS) Here's what I'm thinking for this pair : XAUUSD SELL ENTRY : 1320.36 SL :...

ScottMescudiForex

Hi traders! Today's analysis is cover yet again the DXY. It is such a important chart to follow since we trade everything USD related. We trade almost all USD forex pairs and trade commodities likes gold, silver & WTI priced in US Dollar! Now, the DXY is having a very technical drop. It broke through one long lasting support which was also an order block. Since...

ScottMescudiForex

Hi traders, EURUSD has been trying to go through a very important resistance up above. It also found the strenght just down below where the price can't see to go under. RSI and MACD are suggesting the same thing. Yes the EU was on fire and was overbought and needed some time to just consilidate. I think now that this time is over and it will finally go up again....

ScottMescudiForex

Hi traders! MACD crossing + hitting support and having a nice bounce to it Here's what I'm thinking : NZDJPY LONG ENTRY : 78.867 SL : 78.238 TP : 80.441 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex

Hi traders, Here is what I see coming up for gold. XAUUSD BUY LIMIT ENTRY : 1343.19 SL : 1336.63 TP : 1390.50 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders! Simple trade with great RR XAUUSD SHORT ENTRY : 1332.05 SL : 1345.56 TP : 1276.29 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders, An easy trade with nice RR. Price touched again support down below. It is a weekly resistance and price has been caught in this horizontal channel for quite some time now. USD also has been picking up steam and it hasn't reflected at all in this pair. Here's what I think : USDJPY LONG ENTRY : 108.187 SL : 107.141 TP : 113.142 Trade safe! ...

ScottMescudiForex

I already shared this but I haven't published my thoughts on it yet Here's a quick preview in the above chart of what I see unfolding for the next few weeks! Trade safe and HODL!

ScottMescudiForex Updated 

Hi traders! I'll keep this simple. The SP500 and Dow are FINALLY correcting themselves which makes this a perfect time to go LONG on gold. Here's what I'm thinking : XAUUSD LONG ENTRY : 1337 SL : 1332 TP : 1387 Trade safe! This is only my trading analysis, not a recommendation to trade.

ScottMescudiForex

Hi traders, NZDCAD has been ranging between 2 big resistance/support lines. I was waiting for this opportunity to enter this one now that it is closing in on the top resistance line. This gives us good RR Here is what I'm thinking : NZDCAD SHORT ENTRY : 0.91542 SL : 0.92229 TP : 0.88594 Trade safe! Disclaimer: This is my trading analysis, it is not an...

ScottMescudiForex

Hi traders! The gold(silver) lining to everything that has passed. January was a brutal week to everyone trading forex. I spoke to a lot of people and I know how the market created havoc amongst traders. We have to all learn from this past experience and move on towards our common goal.... BANKING THOSE PIPS! Now gold looks like a great candidate to start off...

ScottMescudiForex

Hi traders, Resistance zone reached Multiple wicks confirming said resistance MACD daily cross + RSI NZDUSD SHORT : ENTRY : 0.7304 SL : 0.73751 TP : 0.70595 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.