Hi Traders, With NFP Lurking, the markets have come to a standstill awaiting the latest job reports in the US. I have been looking at Doge/Coin and the momentum has been bearish as all crypto currencies have been. We have gotten a beautiful structure now and I am expecting price to continue to the downside. We have a head and shoulders pattern and price is now...
Good Morning traders Today we have the non farm payrolls coming out, For now I have my eye on GBPUSD, expecting the volume to carry GBPUSD lower, Price is trying to break support, We need to see price break and close blow current m30 support and then retrace and reject before we can consider selling, My 1st target is at 1.25550 where I will secure most of my...
Hi Traders, ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe. Based on the Higher timeframe I am more interested...
Hi Traders, I'm taking a look at US30 (Dow Jones) Price has broken into a new range on the 27th of May and has been able to remain above. We can also see that price has been respecting the support this far. If the support is able to hold we could find long positions on the pair. I would like to see more rejection of newfound support before I will be entering a...
Hi Traders, What an eventful day in the markets. I am currently looking at NASDAQ, Very interesting price action happened upon the NYSE open with a beautiful liquidity grab to the upside of 12800.0, This signals that we have a lot of selling pressure to the downside. Price was able to break a two-day range with price now trading below 12600.0, If this price...
Hi Traders, Today is the 1st day of the new month and I am once again looking at XAU/USD (Gold) I am loving the current price action on the H4 timeframe, Price has created a double top at 1868. And 1862, Price has been moving bearish ever since with no bullish candle in sight. We have now reached 18.30 where price is currently ranging, I believe price could play...
Good Afternoon Traders, This is the last trading day of the month and we have seen interesting moves play out today. Lots of volatility came into the markets today. Last week we had analyzed NZD/USD And managed to catch a nice swing to the upside, I’ve been monitoring price to see if it will break the resistance or reject, Price has rejected the resistance and...
Hi Traders, I am looking at XAU/USD this morning as the London session has kicked in, Price has dropped since the Asian session open, then reversed to the Asian open within the session, We now see that price has wicked the top of the Asian session and seems as if this could be a liquidity grab to fuel price back to the Asian lows, I love how the current h1...
Hi Traders, We are a few hours into the New York session and I’ve been looking at EUR/CAD. We have some interesting price action revealing itself, Price has managed to push and close above our previous resistance at around 1.37500. Since then it has pulled back into the range and continues to make lower lows and lower highs on the pullback, The overall structure...
Hi Traders, Happy Monday, New week new Goals and New Opportunities, Today I have my eye on GBP/CAD, My approach to this instrument is slightly different as I am using demand to spot a potential setup. Price has been making higher highs and higher lows since the 16th of May, We can see that price is currently pulling back to create a potentially new higher...
Hi Traders, We are currently 4 hours into the New York session and AUD/JPY has pushed right into resistance, Price is most likely to die down and range until market close but I saw it fitting to prep for next week. Right now 91.0 is a strong psychological barrier for the instrument, Therefore if price manages to break and close above it will be great for us to...
Hi Traders, Happy Friday, on the last day of the Trading week I have my eye on GBP/USD, a simple setup awaits, today is not the day to force anything, all we need to do is wait for price to show us what it wants to do and act accordingly, Price is currently hovering around 1.26200 which ties in with a previous resistance which is currently holding as support. We...
Hi Traders, Looking at USD/JPY H4 Timeframe, Price has been respecting the descending triangle since the begging of may, It will be very interesting to see if price will break out of the channel, If we do get a break out we can prepare for potential long positions, we also have a potential double bottom forming, This will only be valid if price breaks and...
Hi Traders, I’ve got my eyes on XAU/USD today for potential shorting opportunities, Price created a double top and proceeded to break the neckline, I’ve drawn a trendline from the outer most points of the uptrend and price has persisted to breaking the trendline. We have one more barrier in the way of a potential clean move to the downside. 1841.250 is the...
Hi Traders, I’ve got my eye on EUR/USD We have basic price action on this instrument with a clear head and shoulder pattern showing, I deeper push into 1.0700 would be ideal, If price manages to remain below and reject that lever I will be more than happy to start looking for short opportunities. My Target is at 1.0600 Which is not only a Psychological...
Hi Traders, Cadjpy has got my attention for a potential short setup, Price has broken out of a medium-term Channel with a strong bearish engulfing candle, and We can see the price now retracing in a very corrective manner, I like this because it gives me signs that if we get the short setup we could see price impulse to the downside. Key areas for me are 99.000,...
Hi Traders, We are now a couple of hours into the London session, One of my absolute favorite setups arises as we get volume into the markets, let's get into it On the 3O Min timeframe, Gold made a slight break to the upside above 1857 and found resistance at 1860. Price fell back into the range with a strong bearish candle, I now have confidence that if price...
Hi Traders, Today I am looking at AUD/USD, I can spot a very simple setup on the 30 min timeframe with multiple confluences coming into play, Firstly price has rejected a previous level of resistance at 0.7070. The price has consolidated throughout the Asian session and gave a strong bullish engulfing candle on the London open indicating that we may now have...