USDJPY finally broke to the down side on. What you see now is on the 15 minute time frame. I did do a top down analysis on this last Friday. So I am glad that everything is taking shape. If you have anything to add feel free to comment.
NZDUSD finally broke out of this bearish channel. Getting stop by structure from the upside. I am looking for price to do two things. One go back and touch the top of the channel. Two break through the top resistance to go on a bull run.
I am a trend line and market structure trader. Here we can see that AUDJPY is trending very well. It has been making higher highs, higher lows, lower highs, and lower lows. If you the trend follow the trend (the trend is your friend).
I want to look for some solid trade setups. I see that Nas100 has had a 13% spike since the end of October. Do we start to see the market correcting itself or continue to look for buys.
Waiting to see what oil will do in this area. I will like to see it go down some more to confirm the bear market. If not I will take the pullback back into the buying areas. Let me know what you guys think in the comments.
We can see that we have a major weekly structure acting as resistance. Along side a 4h trendline that price needs to come back to. I will not be surprise if price also break through the weekly and continue to the upside. If you have any question please feel free to comment.
Looking at CADJPy I see buyers trying to push the market up but failing. I see a short rebound in the next couple of days before breaking my Supply area. I also place my golden zone here to give me more of a clear direction on where I see price going.
See chart for deep analysis on USDJPY. Any addition thoughts are welcome.
Please look at the chart for more information. If you have any question please feel free to comment.
With me trying to get back into my trading flow. I'm trying to stick with analyzing just a few pairs. So please bare with me until I get some kinks out. One of the pairs on my list is NZDUSD we see on the weekly we not making a lot of strong moves. So on the lower time frames we get to see price bounce around key levels over and over. Price has also broke out of...
I'm back to charting lol. It has been awhile since the last time I had posted. What better way then to post my favorite thing to trade USOil.
I want to see price break the 4h trend. This will allow me to accurately pin point price next course of action. I think we can short the market for some good pips before moving bullish again.
Ok. I'm sorry for jumping in the hype of marking up AMC. It was too good not to pass up. We all know that AMC has been crashing for some time now. Is there really light at the end of the tunnel? I think it but not the light we seen before. Price still needs to break out its current state and show me its ready to go back in the bull territory. Until then I did...
I am really in a mix mindset with USDZAR. I know it is a exotic and most people are taught to stay away from them. They are just like anything else. It still has key market, technicals, and fundamental analysis with them. With USDZAR you can how all that plays with the chart.
With USDCAD we are not seeing as strong moves as we would like. Its slowly making moves down. Not really giving us strong highs and lows. So marking our charts like I displayed here can help us better understand how to enter/exit this market.
This markup is to backup what I said yesterday about NZDUSD. We just saw price breakout and went for 30 pips. That is a lot coming from this pair.
Yes, I am short on USDCAD. I believe it's going to break some lows before going back into buying. News this week also plays a huge role on everything with FOMC this week. Follow and please leave your take on USDCAD.
To start the week NZDUSD needs to get away from all its buying power. We can see how price has move up pass my zone 2. Now we wait until Tuesday since USD bank holiday is tomorrow. Then we can see the market open up a little bit. Follow and comment below your take on NZDUSD!