using these key levels on a M1 and W1 to frame trade ideas along with DXY
Think we see a lot more flows into gold, weekly chart so could take a while but strong levels identified. Think gold is bid to 1400 minimum possibly 1500 in next 3 months
both currencies bid with the risk climate we are in but I see a nice pull back possibility coupled with the fact boj wants a weaker yen.. would be looking for a tighter entry but this is my overall thinking
Very Simple 4h analysis as its less noisy. yet again we see the dollar index in a range. Waiting for a break to confirm the longer term direction of the pair. Bare in my NFP is tomorrow, I expect a breakout one way or the other. I will be watching closely to see what type of break we get. NFP is notorious for stop hunts meaning while spike breakouts before...
Too Early to enter this yet but the 1hour time frame shows good price action supporting a buy, Would like to see a proper breakout and retest on the 4h timeframe as well but clear targets marked out. T1 is a double top area of liquidity T2 is a key area of supply T3 is the next area of supply as the market should try and fill the thin volume price from the...
Current Trade I Am In. Looking for a break of market structure below target 1 and the double bottom that the market engineered. Originally the Double bottom was my only target then I saw the inefficiency the market had left. The 4 hour chart had shot up very quickly and then on the 1 hour chart I noticed that price had been putting in higher highs but then...
Just looking at the parity between the two. Based off this one could believe that when one breaks out of the range the other will follow. Will be interesting if dollar breaks lower
Not bothered about Brexit at all.. Simple and clear daily view of the cable. May also post a in-depth lower timeframe chart explaining why i feel this daily set up will complete this is just to show the lower time frame view I saw coinciding with the daily chart. will be plenty of opportunities to take some pips from this as the 4hr looks rip for a sell down to...
Not bothered about Brexit at all.. Simple and clear daily view of the cable. May also post a in-depth lower timeframe chart explaining why i feel this daily set up will complete Not really a trend line trader but serves as a visual reminder of the long term down trend we are in. every rally for a while now has failed.
Saw this back in November when it was at the "bottom" Finally completed and took out the 100% completion level. Also took out a weekly support level but price steamed right into a daily order block to the tick. Expecting a slightly exaggerated pullback but it could rip through this block without much of a retracement as I am still bearish inclined on Sterling..
Noticed a double top on the daily and came down to the 4 hour to analyse it. I expect more bearish price action on this pair despite the japanese recession as the USD bulls look to be losing steam across the majors. Most people are taught to short when price breaks the neckline which is drawn by a trendline here at 122.188 I have noticed price almost always...
THIS IS ALL MY OPINION AND NOT FINANCIAL ADVICE OR INSTRUCTIONS. Various points of analysis here. First thing are the key supply and demand zones. There are a number of fresh (price hasn't tested yet) zones drawn on here that I expect heavy buying or selling at or very close to. The big grey box is a recent range that price has been stuck in for some time....
OPINION ONLY. Simple as chips, flows out of the dollar into the yen.. Dollar weakness in general usually helps the yen. Additionally the Yen is looking at potential further QE while all signs point to no FED interest rate hike this year. Surprisingly good CPI print for the USD did little to help it and the orange lines represent the ADR high and low on 15/10 I...
Testing out a form of analysis focussing on supply and demand zones. This is Not trading advice. The red supply levels are sell zones and the green demand levels are buy levels. I have drawn them based on the significant levels I see based on wicks etc. currently price has bounced off a fresh demand level and should in theory reach the next supply zone. I'm...
My opinion - Seeing a symmetrical triangle on cable being respected. Usually when you see a break of a symmetrical triangle that formed within a trend you look for it to continue in the original trend direction. As a result I see a potential short to 1.47155 if the pair breaks to the downside. With a symmetrical triangle it could also plausibly break to the...
This just my thinking looking at Gold. Not trade advice or to be relied on. Fundamental: Weak dollar due to less and less faith in a fed interest rate hike anytime soon. Stronger gold and commodities value in the face of a weak dollar. Rising commodity backed currency value vs the major i.e NZD/USD , AUD/USD and CAD/JPY to name three. Telling me that...