Daily Chart: The GBPUSD has been one of my long-term pairs, the Daily chart is still bullish, we have seen the correction of the HH Last Action which retraced very deep. Price again rallied to give us wave one of the WOS. Now the correction is trading at 50%.
4Hr Chart: The trend is up price has retraced nicely with a clean corrective wave down without breaking...
The USDCAD has been discounted nicely, price violated the sellers on Tuesday by breaking above Monday's high.
This was a buy signal, we have seen a correction, consolidation, and a strong reversal (manipulation/stops hunt) without breaking below the previous Daily low.
We are buying above: 1.2607
Stop: below 1.2580
Target above Momentum High 1.2653
The AUDUSD has completed its Wave Structure to the downside on the daily chart, this makes the Aussie bearish from a Long Term point of view.
As we know, after an impulsive wave, we should see a corrective wave that has already started.
We are shorting this from an Intraday Short Term basis, looking for a medium-term Buy position from 0.7263 area which corresponds...
In this weekly Market analysis video, I identified the Buy Points and Sell Points for the following pairs:
BUY PAIRS: EURUSD, NZDUSD, GBPUSD
SELL PAIRS: USDJPY, USDCAD, USDCHF
These buy points will help us to make decisions during the week.
When the price is above the Buy point, we are only looking for buying opportunity and when the price is below the sell points...
Fibonacci is a great tool that I have learned to use in different trading situations. One of the great features of the Fibonacci ratios is the ability to reveal market information.
In this video, I demonstrated how you can use the Fibonacci to confirm a trend change or a retracement.
The Daily Chart: the last action is a LL, the price has retraced into the SELL-ZONE with strong momentum.
4HR has printed a Strong Top weak bottom candle which is a very strong bearish signal.
5Mins Setup a potential structural Failure (Trend Changing Pattern) below 0.8567.
Stop Loss is the High of Today 0.8582
The daily trend is down, the price has printed a daily Momentum low of 108.72. A new wave structure has started on the daily chart.
The 1hr chart broke down the ascending trendline of the current secondary trend(Correction). The simple approach is to measure the High to low of the trendline interruption, looking for a sell at the retest of the 109.85 which is...
The GBPUSD came below our Weekly Analysis Sell point on Tuesday. Price gave us an opportunity to sell into the decline yesterday evening.
Today, the price traded the 76.4% retracement of the daily last action, this area represents the last chance participation zone for the buyers .
We have seen a long reversal signal on the 5mins which could lead to a stronger...
After the downside pressure that we witnessed early on after the market open, the price has made a reversal back above the 1DL,2DL, and 3DL. This is a significant move, and the final confirmation is price trading above the previous momentum low (0.7336) created this morning during the Tokyo session.
This is a low-risk trade and if the price remains above the...
In this week analysis, I looked at the index and we have the following weekly ranking:
Dollar Index: Negative
Euro Index: Positive
British Pound: Positive
Japanese yen: Positive
This analysis allows us to have the following pairings:
BUY PAIRS: EURUSD, EURCAD, GBPUSD, GBPCAD, NZDUSD, GBPCHF
The AUDUSD has traded below the Daily Structure of 0.7340 after several intraday attempts to stay above this price point.
Another factor that will contribute to this bias is a break below 1DL of 0.7332.
We look to target the next structural point of 0.7289, the strong line 110% of the Fibonacci extension.
Alternatively, a break back above the 0.7348 will...
We have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44.
If we manage to get a sell out of the EURJPY,...
The pound is still bullish and the trend is still up, knowing this fact we want to buy the dips and stand aside when price is at the high.
look for a correction to the key fibonacci levels and buy in to the impulse to the upside.
1.3484 is the key Level we want to see price above before we can become bearish.
Trade with care.
Remember the market will not take...
This week analysis is the continuation of the last week analysis because the pairing in the idexes did not change.
Note: Trading is execution, in order to trade successfully, you must learn to execute your trades flawlessly and do it over and over again.
In this short video, I explained how you can read the price using structural points to determine whether you want to be a buyer or a seller.
S-STR = Short Structure / A sell decision-making point
L-STR = Long Structure / A buy decision-making point
Downtrend: Series of LH & LL
Uptrend: Series of HL & HH
This is the weekly analysis of the Major Index Pairing. We pair the currencies based on their individual strength and weaknesses.
@DXY: Dollar Currency Index
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
@EXY: Euro Currency Index
The PoundDollar is resuming its uptrend after a correction.
The price has behaved as expected stopping at the 50% retracement.
15 Mins Price Behaviour: Consolidation and Breakout at 50% retracement level.
We have seen the first impulse and a pause. This pause is an opportunity to Buy into the uptrend.
Stop Loss is still recommended to be the Low of Yesterday. We...