Taking a look at EURUSD Daily chart pennant pattern, i was expecting in my last analysis for the EURUSD to break the trend line but as always we have to listen to the market. But bottom line is this pattern is compressing, so we have to be patient which way it is going to be breaking out ultimately. If it breaks to the downside that means USD is going to get more...
USDJPY have been trading in multi days bullish channel with succession of tops and lows, i see scope for further upside, as momentum still support the upside potential. Watch for a strategic entry around trend line while stop at green line, target 112.62.
EURNZD have rallied quite sharply from past few weeks, i am expecting it to retest the highs around 1.7470 area. Since momentum is still intact with the price action so i would recommend to play long. Have a great weekend!
I stressed in my last analysis to keep eyes on this market, as the pennant pattern is compressing and there have been several tests to the top of the pattern line, it seems like now it is a good time to build the position, but watch out the levels I highlighted on the chart for a strategic entry, if triggered put stops below 1.1655, look for a target 1.1790 and...
SPX500 have reached to its prior highs and a successful attempt to break highs have just been made, but i am wary of the market to reverse from here since momentum indicators supporting my view. I am looking to short this market, if you have your trading strategy, better go for short setups. Trade Safe!
However overall i am bearish GBP markets since GBP index is weaker across the board, but for now i am looking to buy this market around this support and will hold till my green MA, thereafter i expect it to start fresh falls. Look for buys if you have your trading strategy. Trade Safe.
We shorted GBPJPY earlier last week and i am looking to add into shorts, since market tried to reach highs but couldn't sustain and broke down, in my opinion GBPJPY still got more potential to downside move towards lows around 143.28. If you have your trading strategy look for short plays. Trade Safe my friends!
EURUSD broke up the short term down trendline, i am looking for buy to see if my bullish idea proves right to make me money this week. I am expecting targets 1.1855 and 1.1931. If you have your trading strategy, consider buying. Trade Safe!
USDJPY just tested the downtrend line today-i am expecting it to retest the top of the diagonal and then a drop to around 108.00 handle. If you have your trading strategy, consider short term buys for the top of the diagonal. Trade Safe.
GBPUSD have been trading in a bearish channel, short term momentum is shifting so i am expecting for it to test the top of the channel and there I will reasses if worth to hold the long positions. For now, look for buys if you have your trading strategy. Trade Safe!
S&P500 fell sharply earlier this year, still this market is under correction until it breaks the top. But for now price action is stalling around the top of the multi-days channel, i am expecting a drop to at least test the $2,674 area. Look for sell setups if you have your trading strategy. Happy Trading.
Gold tested its 2017 and earlier this year highs in April and couldn't broke up despite several attempts, so far the price action is testing multi weeks uptrend line, possible scenario i am expecting is to the upside but if it tests the white trendline and forms linear compression, most likely we will see another low this year. So anyway, lets see i am building...
EURJPY broke out the downtrend line earlier this month, price action is making marginal highs, i am expecting a pullback to be setting up for a test of the downtrend line. Look for sell setups. Happy Trading.
USDCAD tested uptrend line and bounced off towards trend direction, expecting it to make a new high over the coming days, look for buy setups if you have a trading strategy and trade with care. Watch my previous USDCAD updates below the link. Happy Trading.
USDCHF is setting up for a possible reversal as price action tested and tried to break the major resistance but with very thin volume on higher time frames. I am looking for sell setups or even build a medium term swing position. Happy Trading.
GBPUSD fell sharply over the course of past few weeks, i am expecting the downside to continue towards 1.2800 handle, Follow your trading strategy for shorts. Happy Trading.
Gold fell sharply from past few weeks, it broke out the major support and weekly uptrend line, i am looking for a short term pullback setup to trade. Buy only if markets breaks dotted line, while stop below the recent low, its a low risk setup so i want to give it a try to see if it works for me. Happy Trading.
GBPCAD accelerating in a multi-days bearish channel, with succession of lower top, i am expecting it to make a new low over the coming days, since momentum indicators are suggesting the view as well, if you have your trading strategy, look for short plays. Happy Trading.