If you missed the sell on GU earlier today, I believe there may be another opportunity to ride this down.
GU has rejected 1.2550, as well as broken and retested Previous Day's Low (maroon line on chart). There is also confluence with 0.705 Fibonacci retracement.
After a pullback on the Dollar Index , we saw a clear rejection of the $96.50 level.
We could see the DXY rise up to the $101.50 - $102.00 level, since from an algorithmic and institutional viewpoint, stop losses from the typical retail "Double Top" are placed above. These are prime targets for the banks.
The potential rise in DXY provides further confluence for...
After a sell-off seen today on GJ, I believe that another short opportunity may arise if we climb up to the range provided on the chart.
I believe price could retrace back to the 135.500-135.800 institutional levels, which lines up perfectLy with the 0.62-0.79 fibonacci retracement, as seen on the chart.
This could happen during the Asian session, and then...
Today we saw EURUSD rise up back into the 1.13208, to pick up liquidity; which was 10th June's low.
I believe this is could be the high of the week, and we should see a rollover now commence.
After a bullish manipulation during London, price has taken out stop losses from earlier and retraced to the 1.25800 level and 61.8 retracement.
This is going down.
Enjoy :)
At the end of last week, EURUSD showed promise and an indication that it wants to go lower.
After breaking a swing low, I believe it will retest the low it broke, which lines up perfectly with the 1.12800 institutional level, as well as a perfect third trendline touch and a 50.0 fibonacci retracement.
Where will it go?
Well from an algorithmic and institutional...
Following an aggressive sell-off last week, EURJPY has proved that it intends to go lower.
There are swing points that formed during Friday last week, as delineated by the dotted line.
I presume price will reach up to the 121.200 institutional level, which is also a 61.8 retracement, and gravitate lower to atleast Friday's close, and beyond...
CADCHF is trading within the range indicated by the dotted line, which delineates swing points on the Daily and Weekly timeframe. After an aggressive sell-off this week, it has retraced to the 0.69200 level and 0.705 weekly fibonacci retracement.
I think it may rise up next week to pick up liquidity, before coming back down to take out the sell stops resting...
After a clear rejection of the 1.28000 institutional level yesterday (10th June), GBPUSD fell past the previous day's low. Since then, it has wiped out typical retail long positions during the Asian session, after a "double bottom" formed as can be seen on the chart.
I am anticipating a retest back into the 1.27200 level where I aim to go short, aiming for a...
On the daily, AUDCAD has created a head and shoulder which is clearer to see on the 4hr. It has also rejected yesterday's high as well as 0.94000 institutional level, indicating a bearish environment. From a 4hr perspective, the 0.62 fibonacci retracement lies perfectly in line with the price I believe it will reverse from (0.93879).
On the weekly TF, CADCHF has hit a 0.62 retracement that is acting as resistance for last week and now this week. On the daily, it has shown that it favours the downside after forming an evening star after yesterday's significant push down. I believe it may retrace up to the level provided, and atleast run through 9th June lows, and possibly lower. On the 1hr TF,...
