Seun_Abilawon

Seun_Abilawon

Hello Trader, as we enter a new trading week, let's remember to ensure proper risk management ahead of the US elections. I'm expecting more downside on the USDJPY pair. If Sunday's open the new week with a rally upwards, we anticipate short orders to be mitigated around 105.000 level. Otherwise, I'ld wait for price to trade lower taking out friday's low and wait...

Seun_Abilawon

EURJPY has shown some weakness this past few days and failed to trade higher above its previous weekly high (PWH). We saw a break and retest of Aug 6 PWH, down to a level (124.426) acting as support. I expect to see a potential head and shoulder pattern formed which will also give us an opportunity to short this pair @ 125.376 level, pushing price lower down to...

Seun_Abilawon

Good Day Traders, As we can see clearly that price has taken out an old low @1.33151 and gained some bullish momentum in the past week. However, to confirm that the pair will have a bullish week, we would like to see the price clear out 04 Aug high @ 1.34207 and fill the price gap formed (the portion shaded red). Target Objective: 1.35209 Safe Trading!

Seun_Abilawon

Good day Traders, today I would be sharing my analysis on the EURUSD pair. At the close of the week, 7th Aug, we can see clearly the formation of a bearish engulfing candlestick pattern which indicated some bearish momentum. However, we shouldn’t be in a rush to short this pair as we need more confirmation. Also, price has hit an institutional reference point...

Seun_Abilawon

Good day Traders, My analysis on cable remains strongly bullish. However, looking closing at the chart, you would observe that the pair has reacted to a previous weekly high as well as a level of resistance which is the portion shaded red. I am expecting a short term bearishness in the form of a pullback and will be studying price action around key levels marked...

Seun_Abilawon

Hello traders, this idea is an update from our previous analysis of the Swiss Franc. The portion shaded red represents levels the pair has traded in the past few days. Currently this pair has traded to a level of support @ 0.93848, we expect to see some bullishness. Our next target objective is @ 0.94942. We would wait to see how price reacts to get our valid...

Seun_Abilawon

Expecting a low resistance liquidity run to the upside on the Swissie. The more price dips downwards, the better. However, we do not expect it to violate its previous low @ 0.96310. We will be hunting buy opportunities on the smaller Timeframe, after getting a confirmation on the H1. Target: 0.95528 Happy Trading!

Seun_Abilawon

Looking closely at the chart, we observe a formation of a bearish butterfly pattern on the NZDUSD pair. It is time for us to go short and we will be hunting sell opportunities on smaller timeframe based on our entry criteria and strategy. Target 1: 0.65143 Target 1: 0.64495 REMEMBER: DO NOT RISK MORE THAN 1% OF YOUR EQUITY Happy Trading and Stay Safe folks.

Seun_Abilawon

While the bears gather momentum to push price lower for the USDCAD, we must remain patient and study price action closely. I am anticipating a bullish obstruction @ 1.35643 level – how price reacts after hitting that level will give us further confirmation to either be a seller or buyer of the USDCAD pair. Happy Trading!

Seun_Abilawon

Following the recent employment change report on CAD which came out positive indicating strength on the currency, opportunity for the bulls to come in unfolds. However, we should expect some reaction @ 78.936 level. If price respect that level, and fails to break through, CADJPY may become bearish. A break through the Previous Weeks High (PWH) @ 79.648 will give...

Seun_Abilawon

Hello Traders! Our overall sentiment for the USDCAD has been bearish, as the pair witnessed an impulsive movement to the downside this past couple of days. The question now "Do we expect a continuation or Are we at a point of reversal?" If you study the chart I have marked up, you would notice the price had an obstruction moving higher when it hit 1.36700. We...

Seun_Abilawon

The overall market sentiment for the Dollar Index is bearish. However, we can observe a retracement on the weekly timeframe. The portion shaded yellow on the chart is a previous high, where the market could seek liquidity if DXY continues to trade downwards. When the price gets to that region, it gives us confirmation that the dollar index will continue to go...

Seun_Abilawon

Hello Traders! We are expecting a potential breakout. However, this is not an indication to go long or short immediately. We'll wait for the price to expand away from that area of consolidation in order to reveal its intended movement. Then give us clarity to its intended direction. My target will be the highs or lows of the previous range formed on the daily...

Seun_Abilawon

After the impulsive move to the upside, we expect the pair to go into consolidation, then wait for it to reveal its next movement. It is not advisable to trade this pair if you have no entry or exit strategy.

Seun_Abilawon

We notice an impulsive movement on the USDCHF pair, which formed two equal highs and encountered resistance moving further. We anticipate a bullish institutional reference point, which creates an opportunity to go long on this pair. Study price action @ lower timeframe, and have your entry criteria. Say NO to signals, and ensure you risk at most 1% of your...

Seun_Abilawon

A few days ago, we unveiled the overall bias of this pair as BEARISH. The downward movement began already. Now what we do is wait, and allow price to give us an indication. A continuation to the downside may continue, or a reversal. To open a short position on this pair at a fair value, we wait for a rally to the upside and study price action on the lower...

Seun_Abilawon

The overall condition for this pair is bearish. However, we can go long only if we spot a shift in the market structure indicating a willingness to go long. Looking closely at the chart, we would spot a short term low formed, in order to go long we'd have to wait for a break and retest of the old high @ 1.34432 then hunt buy opportunities on the lower timeframe....

Seun_Abilawon

As seen on the weekly timeframe, the pair have not completely met its selling objective. Traders will attempt to go long but might end up remorseful. An opportunity will definitely unveil itself, and the pair may retrace to get in more buying orders. The only leading indicator here is the price. Study the market closely and wait patiently for a reaction at key...