After an interesting bearish push on EURUSD, price has stalled some significant amount of hours at the 1.1130 area. Finally beginning to see some push on the 4HR timeframe in continuation to the initial move. Hopefully the drop resumes.
Also having a second eye on the next supply range just incase the current price point fails.
NB; This is not a financial...
If you are looking for a way to tell the strength or weakness in the dollar against other currencies, one of your go-to areas should be the DXY CHART.
Impeccable Right? It has by far become easier trading the dollar base and quotes by simply anticipating what the DXY would do next.
Over a period, the DXY has been dripping down giving away the weakness in the...
Over the past few weeks, driven by both fundamental and technical, the value of POUND-DOLLAR has significantly risen back into its swing high point.
Currently reaching this point of Major resistance, it is only positive to expect a rejection from the supply area if if there is a tendency for a break.
Will be looking to see some weakness in the coming week for a...
Anticipating a buy around current price level on the EURUSD.
Price may tap into the lower regions of 0.99400 price area before the push up into the highs.
I will be looking for confirmations of the buy through candle stick patterns and formations around the current region
and also will be paying attention to liquidity.
Trade cautiously! This is for educational...
The POUND/DOLLAR has recently reached a major support zone (Weekly Support 1.1750)
We are likely to see a rejection around this region for a push up.
Currently we saw price dive in below the region but rejected and came right back into the zone.
We are poised for what is going to happen next. Fingers crossed. Bulls may be taking over soon
The DXY (Dollar currency index recently reached its recent major supply zone (resistance).
Currently ranging within the zone, many traders have had much anticipation for its drop in previous minor zones.
This may be the right time for that pull back.
If the pullback does come, the weakness in the dollar will see USDXXX pairs tank and XXXUSD pairs push...
My personal speculation on the market for the week on GBPUSD.
Let's see how it goes.
This is purposely for educational purposes only. Use setup as advise to trade on your own risk
and on your own terms.
Past performance doesn't guarantee future results.
A thesis on the potential value of the dollar for this coming two weeks.
Price may have some more room to push down meaning a further fall in the value of the dollar.
Eventually after the target zone is hit, price may the trendline indicating the major bullish run or
price could respect it structural zone 104.00 area before any significant push upward.
Invalidation - gbpusd has been in a major sell but currently we can see a push to the upside (bullish momentum) which may continue.
A break & strong candlestick closure above price level 1.20500 may constitute strenght of the pound or affirm the weakness of the dollar as shown on the dxy chart.
Price is currently at a cross road.
I am anticipating a break to the upside.
In view of the high risks, you should only carry out such transactions if you understand the nature of the contracts (and contractual relationships) you are entering into and if you are able to fully assess the extent of your risk potential. Trading with futures, options, forex, CFDs, stocks, cryptocurrencies and similar financial instruments is...
Market has played out structure quite well on the Pound-Dollar during these past weeks.
The bearish market is evident in the current trend. As price pulls back into it current significant swing high point,
there is a tendency for a continuation of the previous bearish trend and that will mean that the current supply zone has to hold.
If the current supply zone...
VALID TILL DATE.
With price currently reaching a cross road of the current swing, we may have the current pullback coming to an end and an eminent continuation.
I am staying alert for any weakness at this current price level and jump on on a sell once all confluences have aligned.
After market prints out a 12 hour bearish closure, I am looking at shorting the GBPUSD back into it current low 1.32 area.
Finding a good entry will mean going back to the lower timeframe per my strategy to pick out a break and retest of the neckline
herein called the LH.
FOR EDUCATIONAL PURPOSES ONLY. FOREX INVOLVES THE RISK OF LOSING FUNDS.
YOU MAY TAKE...