On the daily timeframe, we would be interested in finding trading opportunities that represent a good potential margin (in terms of pips) and an excellent risk to reward ratio. This evaluation, however, cannot be done properly without forecasting the potential move the pair will do next, and to forecast the next moves we cannot simply just guess. Instead, we need...
On the weekly timeframe, we can clearly see that OANDA:GBPUSD is in an upward correction of a downward impulsive movement. Understanding the weekly structure is relevant to us because, at some point, the pair will resume the downtrend, and we believe it will be quite strong and fast and represent a great trading opportunity for everyone. Having said that, the...
Based on our previous analyses, we are long on OANDA:XAGUSD from the break of the downtrend, coinciding with our buy area (0.786 - 0.886 of previous impulse to the upside). We are monitoring the price action of the commodity closely, however, because as of now, the movement happening after said break does not yet have that "strength" which should characterize an...
As per our previous analyses, OANDA:USDJPY , has been in a big sideways move for the last couple weeks. We expected a slightly longer and deeper correction, but now it seems that said correction is instead completed. If you were monitoring the downtrend closely and managed to open long positions on the break of it, put your stops in BE as we don't yet know if...
As per our previous analysis OANDA:USDJPY has been in a big sideways move for the last couple weeks. We expected a slightly longer and deeper correction, but said correction seems instead to be over as of today. Any buy setup you are able to find on the way, so if you are not in from the break of the downtrend, wait for this first impulse to the upside to...
Following our previous analyses on this pair, we are monitoring OANDA:NZDUSD closely as the upside correction could be ending soon and the strong downward movement could resume any moment. You don't miss this trade, as if this is the start of the big expected downward movement, the potential profit is huge. As per our previous analysis on the weekly timeframe ,...
As per our previous analysis, we have seen that OANDA:AUDUSD has broke the lower weekly trend line, and is consolidating around it. In fact, there are no signs of reversal, as yet, on the weekly and daily timeframes, that would indicate us that the pair will go for one more big movement to the upside, before the drop, and also the structure can already be...
At the moment, OANDA:USDJPY is in an extensive correction of the first impulse to the upside, that brought the pair from the 107.33 to the 114.73 area. For this correction, we are expecting a deeper development to the downside, however it is still unclear where the correction will be over. We will monitor price action and structure closely to identify a...
Following our previous analysis on the daily timeframe (), for those who did not have a buy limit order in place in our buy area, or did but wasn't triggered, the commodity against the dollar had a small but firm impulse to the upside, and is making a small flag correction to the downside, making what seems to be a good opportunity to buy. Watch out for the break...
The potential progression of OANDA:XAGUSD -0.46% , is illustrated in the chart. Following our previous analysis, for those of you who took the sell, congratulations, as it is still going. We closed our positions in the $ 16.60 area, for a decent profit. The price is still going down, and we did not have a smaller correction to the upside within our correction to...
Very similarly to NZDUSD, OANDA:AUDUSD seems to be breaking the lower weekly trend line, and consolidating around it. At the moment, infact there aren't sufficient reversal signs on the weekly and daily timeframes that would indicate us that the pair will go for one more big movement to the upside, before the drop, and also the structure can already be...
Now it is confirmed that the correction is an expanding flat in the making. How far up will it go? Could go a bit further up, but nothing in the bigger structure has changed, so we will still be looking for sell setups from now on. Don't miss this trade, as the expected downward movement, if it is the start of it, will be huge. As per our previous analysis on the...
As OANDA:NZDUSD is progressing as we expected, we will be looking for new short opportunities, from now on. The pair could still consolidate further to the upside, but the consolidation's strength is slowly dying out, hence the downward impulse could resume any time now, which is why from this moment on we will be looking for sell setups, on this pair. Don't...
As OANDA:NZDUSD is progressing as we expected, we will be looking for new short opportunities, from now on. The pair could still consolidate further to the upside, but the consolidation's strength is slowly dying out, hence the downward impulse could resume any time now, which is why from this moment on we will be looking for sell setups, on this pair. Don't...
As it stands now, OANDA:EURNZD is in a correction to the downside. Whether this consolidation will be over this week or will proceed for further downside, it is still unclear at the moment, as the structure is quite complex. However, we are keeping our eyes open and monitoring the pair closely for potential buy setups. At the moment, we are not ruling out the...
Following our previous analysis, (), we are putting our sell positions in BE, because, as the price is evolving now, the pair could make one more short lived upside, before the fall. On the 4hr timeframe, in fact, the pair did a false break of previous lows and reversed: a sign that it is not ready for the big fall, but will presumably have to test previous...
On the 4hr timeframe, we can clearly see that OANDA:XAGUSD -0.29% is in a larger sideways movement that needs yet to complete itself. The potential progression of OANDA:XAGUSD , is illustrated in the chart. Initially we will have a very short term sell, probably not worth taking, that might follow a small spike to the upside. This downside movement will...
With it's simplified progression, OANDA:USDCAD has just been a joy to trade over the past few weeks. We are expecting one more leg to the upside, before the pair resumes the medium term downtrend, and this upside movement seems like a good trade opportunity that should not be missed. As we are observing the pair closely for buy setups, it appears right now...