Uncharted-FX

Uncharted-FX

Copper is back at the major 2.50 zone I have spoken about in the past. Here is a weekly chart to show you how crucial it is: Copper of course is known as Dr. Copper due to it indicating the health of the world economy. And of course China consumes more than 50% of the copper supply. On the daily, we had multiple swings on an uptrend but recently, had a big...

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Many equity charts look similar. Amazing how gains from October.3rd/2019- February 20th/2020 got erased in 6 days. We are now in a downtrend, and we should expect a lower high to be made. I am looking for this swing as long as we remain below the break out zone indicated by the arrow at the 3230 zone. Have some fib targets to watch out for where I will await and...

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Gold is back at retesting the flip zone. Many are confused on why Gold fell as everything fell except Bonds and the VIX. This is likely to do with margin calls forcing traders to close positions even in safety assets. I am still bullish on Gold going forward as it is a confidence crisis asset when people begin losing confidence in governments, in central banks,...

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Liking what I see here on the CHFJPY. Multiple swings on the uptrend on the way up, and then we got a reversal pattern, the double top, at a resistance zone. Looking for a downtrend with multiple swings to begin. However, need to see the break and close below this level. If we get the break, first tp would be the 109.50 zone.

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With all the craziness happening in the equity markets, been looking to the Forex market for some set ups pertaining to my system. GBPAUD had a fake out pattern confirmed. We had a fake out and then a close below this fake out candle. Again, this is why we await candle closes. To avoid being faked out. Wicks are telling, but it is the second candle that matters...

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So I have shorted the S&P on the 4 hour due to this pattern: Very nice break, and as you can see on the 4 hour we have YET to make a lower high swing in this downtrend move. Trends are composed of multiple swings. I do like what I see on the daily chart. When an instrument has moved down close to 3% in a day, it is likely over extended. I can see a bounce...

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I really like this pair and CADCHF for the week ahead. Link to CADCHF trade posted below. We have been in a very long downtrend with multiple swings for the EURCAD. We then hit a major support zone which can be seen by zooming quite a ways out on the daily chart. From here it seems we are reversing, with no signs of creating another lower high... but of course...

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EURUSD has hit the major support zone I outlined in my EURUSD short call a few weeks back. After a well defined downtrend with multiple lower high swings, price began to exhaust showing a possible reversal of this trend, strengthened by the fact this was happening at a major support zone. We had a very strong green candle break here. However, I am still awaiting...

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This is an idea for the upcoming week. CADCHF was in an uptrend making higher lows and higher highs and we had multiple waves in this trend. We then hit a resistance/flip zone at the 0.7440 zone. Where the trend began to exhaust. I am watching this 0.7390 zone because it is the higher low swing we are playing with and by definition, as long as we remain above...

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A simple and short trade idea. EURGBP is at a very critical support zone if you check on the daily chart. We seem to be exhausting here with no more new lower highs and lower lows being made. We are awaiting for first higher low. If this higher low swing is made with a higher high break and close, we form a reversal pattern, a head and shoulders pattern. So...

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Have spoken about this pair last week as well, and we had a major pullback due to the RBNZ rate decision. This was to be expected as the breakout had no pullback, it was straight green candles in a row. Now, after the pullback, we seem to be making our higher low swing. However, according to market theory and structure, the higher low swing is not confirmed...

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Our Oil plays are still valid as discussed in my previous post on Oil. This includes the CAD pairs mentioned too (linked below) We still have not gotten the break of the 52.00 zone as we ended the week, but I have been speaking about market structure on the daily, and how two swings generally is expected in a move. We have a lot of confluences here on the 4 hour...

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Bitcoin has reached an important zone on the daily chart, and we have seemed to form a trend exhaustion pattern. A double top/head and shoulders pattern. This head and shoulders is crucial because it shows us the shift of a trend from higher lows to lower highs. We may very well have formed that lower high here, however it is NOT confirmed until we get the break...

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The Yen futures are at a very big flip zone as can be seen on the daily chart. On the 4 hour, we have had multiple swings lower, and that trend seems to be exhausting. We had a fake out candle, indicated by the large wick, which is CONFIRMED due to the break and close above it. Expecting to see some sort of pattern here, perhaps a head and shoulders. The Yen is...

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USDCHF has a nice pattern compared to many other dollar pairs that I am watching. Really like it on the daily chart with lower highs and lower lows, and then seeing the trend begin to exhaust at a major flip zone. From here, we created a double bottom pattern and also broke above the 0.9750 zone. Recently, we retested the breakout zone and expect a run to...

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We spoke about the Oil trade on both the daily chart and 4 hour where I outlined that on the daily we did get two swings and the move was looking extended. I also outlined why oil must be propped up due to the banks now having their skin in the energy market, bailing out oil/shale companies the last time oil fell hard. We are seeing a big move up and perhaps a...

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USDCAD has reached an important zone after multiple higher low swings and now we have reached a major resistance zone of 1.3340-50. For a reversal, we would like to see some sort of pattern here. Either some sort of fake out pattern, a double top, a prolonged range, or even a head and shoulder. We will wait for this pattern, and the key would be a break below the...

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My opinion on Oil has stayed the same: I am bearish because there is a supply glut and also the world is slowing down. However, there are many reasons for oil to be propped up, due to the fact that US banks were forced to lend to oil/shale companies when oil dropped last time in order to prevent lay offs. Oil being propped for not just oil companies but also for...