Hi Traders, GBPUSD has broken a 4-hour resistance level, The current h4 candle has wicked down to come all the way up and break structure, That is a sign of a lot of money being poured into the buys, I do expect the continuation and I would love to see price retest the broken resistance and then go for the highs of 1.2825. We will, as always, need to see the...
Hi Traders As expected, The fed has hiked the Interest rate which has resulted in the dollar getting weak. My interest then falls upon USD/ZAR as we see price has now come all the way back to broken support which is now resistance. The biggest eye-catcher is the clean range to the left which has the potential of being filled. Price could smoothly make its way...
Hi Traders, I am currently Very interested in BTCUSD for a potential sell-off with the current momentum, We have seen Bitcoin hit new lows in recent months and we have been capitalizing on those intraday short positions, Now once again an opportunity presents itself and I patiently waiting to pull the trigger. we can see that price has been bouncing off the...
Hi Traders, Today I take a look at GBPJPY For an easy short setup, I see that price is approaching a resistance on the 4-hour time frame, I Would like to see price push up before potentially shorting. This would be a simple Break and retest trade with anticipation of the continuation. This trade would be simply following the higher timeframe momentum, With...
Hi Traders, I am looking at USD/CAD and we have some interesting Price action playing out. Price has broken a resistance level (1.290) which has held for a while. I can imagine how many sell orders were liquidated at this level, We then see price has a psychological resistance at 1.300 which is also a supply area which leads me to believe that this is the level...
Hi Traders, I am looking at a very simple setup on EURJPY today, We have basic price action creating lower lows and lower highs, Price has also rejected the current resistance level and I would like to see the continuation to the downside, I would 1st like to see the current h4 Candle close Bearish, Once this happens I would monitor the next h4 candle to see if...
Hi Traders, An update on EURAUD Today, I am looking at the daily price action and it seems to be clear as day for me, Price is currently breaking above resistance with strong momentum, This is good as it invalidates the Head and Shoulders pattern on the daily. With that in mind, we can expect many new traders to have sold at the right shoulder of 1.49500. But as...
Hi Traders, I am looking at USDJPY again. The last time we took a look at this instrument price has been in a minor consolidation, I was looking for a break to the downside, However, we had a break to the upside, Price since then has come all the way back into range creating what currently looks like a false breakout, I would now expect a push higher seeing that...
Hi Traders, ETH/USD Is showing pretty simple price action today, Yesterday price has tanked and broke out of support with very strong momentum. I love that the resistance has not been retested as yet which will give me a chance to participate in this move if price pulls back. Looking at how price has moved before the breakout, we can see that the support of...
Hi Traders, I trust everyone had a successful week of trading. Many of my setups have played out to the T. I am looking GBPUSD today, Price has broken out of a very strong support area and pushed straight down during CPI release on Friday. It has now found support at 1.230. Because this move fell so hard I would like to see the market correcting on Monday or...
Hi Traders, USD/JPY Has done exactly what we expected in the previous Analysis, Now we have seen price push all the way to 134.5, But because this move is heavily over extended, I am expecting price to give us some sort of pull back at least to the previous resistance which will then turn to support. With that being said, There is no way we could just blindly...
Hi Traders, Today I am looking at EURCHF, Price tapped into 1.05000 Psychological level. This could act as a strong resistance for price to reverse, When we look left we can see that price has also created a double top and until that resistance or the highs of the double top has been breached, We can still find a short setup. I want to see price create some...
Hi Traders, Taking a look at EURAUD, We can see that Price has started creating higher highs and Higher lows, Price, however, is currently ranging between 1.490 and 1.478, where we can see a potential double bottom Forming, The W will be valid if price manages to break through the current Resistance and close above it. Once the price has closed above resistance...
Hi Traders, Today We have a beautiful setup on GBPUSD, on the 30minute timeframe, Price has broken below 1.25600 with a strong bearish candle, I am waiting for a retest and then for price to reject and continue down to 1.24860. As always I am looking for a clean range because I love targeting areas where price has made a smooth easy move prior to my preferred...
Hi Traders, I have Bitcoin on my radar today, It seems price has now rejected support for the second time, Price has now started moving away from the support and I love that it has created a minor resistance before breaking higher, I Want to see price come back into my support area before I will consider getting involved. We also have clean range to the left so...
Hi Traders, I am looking at Gold again today, We have pretty straightforward price action on the current 30 min time-frame, I would like to see price break and close below the current minor support of 1846,7 We can see that price has been creating lower highs and lower lows as well which ties into my overall short bias, If price does not close below I will not...
Hi Traders, Looking at XAUUSD I can see price is now attempting to break into that clean range we have been looking at last week, Before taking shorts I will need price to break and close in the new range. I would then love to see price retesting the resistance where we can start entering sell positions. There could be a minor speed bump at 1838.00 where price...
Hi Traders, I trust everyone had a great weekend and everyone is ready to get down to business, I am looking at GBPUSD from a more long term perspective today, We can see that price has created a head and shoulders pattern here on the 4-hour timeframe, You can start looking for entries from the current price but I would prefer that price break below 1.24381, If...