Trade_Simple_FX

Trade_Simple_FX

XAUUSD H4 Whipsaw on XAUUSD yesterday following positive US CPI inflation figures, pull downside with USD strength, followed by an upside spike, before eventually settling and seeing XAUUSD drop and DXY gain. $1900/oz is fast approaching, alerts are set, this is a zone we would be looking to trade long from on a swing basis.

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XAUUSD H4 Awaiting breakout from XAUUSD range here. Looking like a strong bull run this morning as we enter this weeks trading, no doubt in line with the softening/correcting dollar. Still technically in a range on the H4 which would need to break upside for deeper corrections, which may then tie in with 104.300. Nothing attractive in terms of entry at the...

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DXY D1 Looking for a bit of a pullback, most likely now towards this 104.300 price before then gearing up for the final move towards that 105.500 price as indicated. We were initially expecting straight continuations to that 105.500 price without the corrections, but since market open, that's no longer the case. Not expecting too much today, but hopefully this...

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XAUUSD H4 Now whilst we are seeing the dollar gain, we are still 'technically' in an uptrend with XAU here on the H4 timeframe, the dollar index is looking like it may want to correct a bit more, and this may see XAUUSD follow suit. We may see a short term retest on that $1940/oz price before dumping. Remember, trends are still valid until the HH/HL sequence...

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DXY H4 A little more on the calendar today but not masses. We have seen DXY unfold perfectly so far this week, exactly as expected and the dollar is moving in line with recent headlines and fundamentals discussed over the last couple of weeks finally. Lets see if we can pullback to this 104.300 price as indicated with the arrow tool. This could be a great...

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DXY H4 So far the dollar playing out like poetry to start the week, we have seen the breakout following a smaller than expected correction yesterday, bullish bias confirmed nice and early in the week. Not much US related data today, so let's see what unfolds as the overlap comes into play. Possible correction to retest the latest broken zone before taking off again.

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XAUUSD H4 In all honesty, was expecting a little more from this void once we had breached that 1935/oz price. That being said, we are going to be moving into the NA overlap sessions soon which hopefully should see this setup unfold somewhat with the increase volume the overlap session brings. Hoping for a dump to 1925 before any corrective play. Following with...

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XAUUSD D1 Huge daily rejections being seen here on XAUUSD. Shaping up for some nice selling potential following the last few days price action response to this daily supply and resistance price. We are still very much in a downtrend, whilst the dollar is still very much in an uptrend. Lets see what unfolds this week, hoping that this is the start of the next...

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XAUUSD H4 Again, following on from yesterdays video analysis, we could expect to see this 618 fib zone, H4 and D1 resistance/supply price hold. Very early on so far in the week, not a massive amount of expected movement/data today. Looking for shorts around current price to 1945 if we can start to hold resistance here as we open up the trading week. DXY looks...

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DXY H4 As discussed last night on the weekly watchlist video, DXY could start to see some rejections and corrections from the late rally we saw last week off the back of AE/UE and NFP figures. Still very much bullish bias for the USD this week. Nothing like a market correction to grab entries on instruments like GBPUSD, XAUUSD shorts. Hopefully this correction...

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FTSE100 D1 Moved up a timeframe here for the FTSE100 analysis, we are starting to see some rejections for the second day here. A little different to the play we can see on the DAX, the DAX looking very bullish thus far. That being said, could simply be a second entry/retest offering. Indices trade and analyse a little different to FX. We base our entries and...

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DAX40 H4 We are now into that 16000 resistance region, a nice area of supply and resistance sitting on our H4 and D1 level. We also note, FTSE100 sitting on that 7500 psychological price. UK and EU based indices sitting on some pretty large numbers. FTSE100 already aimed to make a couple of slightly rejections from that resistance price, as has DAX. Looking...

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DXY D1 Amended the order details on the long measure a little bit here for the dollar index, we are now looking to get off the ground following the retest. That being said, this fell on the basis of softer figures yesterday, we have a cluster of data to follow today to be cautious of. News events and risk events move markets on swing timeframes when it's with...

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DXY D1 Amended the order details on the long measure a little bit here for the dollar index, we are now looking to get off the ground following the retest. That being said, this fell on the basis of softer figures yesterday, we have a cluster of data to follow today to be cautious of. News events and risk events move markets on swing timeframes when it's with...

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DXY D1 We have now pretty much seen the correction on the USD that we were expecting. 103.350 has been pinned and we are now looking for something to catalyse the upside dollar continuation. ADP employment could do exactly that. Lets see what unfolds over the next few hours, NA overlap and ADP figures at 13:15 UK time.

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XAUUSD D1 Nicely sat on our sell zone here, trading just shy of daily and H4 supply, I think we may be able to see 1940/oz. If so, this may be an area we look to signal and sell short dependant on the time of day and what's round the corner (ADP employment figures). We will keep an eye on this, as it stands, stops would sit at around 100pts which is a little...

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XAUUSD D1 We have now spiked to our pivot zone, hoping to see some resistance here, this could be a point we look to sell come tomorrows trading session, given the time and EUR/LON expiration, we aren't too interested in this until tomorrows EUR/LON FX open. Looking for shorts in and around this 1940/oz zone, with targets of 1865/oz.

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DXY D1 JOLTs figures pulling back the dollar somewhat this afternoon, hoping to find some support around this 103.300 price, a nice key area of D1/H4 support price and also an area of demand. If we can start to stabilise here, we can look to catch some dollar longs or equity/commodity shorts. Eyes peeled. Tomorrow should be a good one!!