KOG REPORT: In last week’s KOG Report we mentioned there will be a lot of ranging in the markets towards the end and beginning of 23/24 so to expect sudden bursts of volume. We saw just this last week in the markets across most of the pairs we’re trading. We suggested swing trading the market this time of year wouldn’t be part of our plan, and instead, if they...
DXY D1 Riding the waves of the recent dollar sell-off with style!Currently, we're witnessing a sweet relief rally, flirting with the impressive 104.000 mark and teasing to go even further🚀 Mondays are notoriously chill on the economic data front, and today is no exception. Brace yourself for the excitement, though – tomorrow promises to be the real showstopper!...
KOG REPORT: In last week’s KOG Report we said we would like to see how the market opened and how the lower support regions 1975 and below that 1968 would hold up price. Based on these levels holding we suggested opportunities to long the market to firstly attempt the break of the 2000 level and then the target region of 2015. We gave the order region 1950-55,...
This is bearish potential trade on EURNZD 12 hour timeframe is bearish. A new low was made on Friday. Price can go lower overnight. If it does we can adjust the take profit. Stop loss and entry will stay the same. Stop loss and entry are noted as Entry: 1.77394 Stop loss: 1.74882 You can move stop loss higher if you prefer more room for the trade to...
Hey Everyone, Please see our updated 1h chart levels and targets. We have 1920 Goldturn resistance target open for a test. We will need to see 1920 break and lock to open the range above. We also have the retracement zone between 1910 - 1902 that may require a correctional re-test. We will keep the above in mind when taking buys from dips. Our updated levels...
KOG Report: In last week’s KOG Report, we said we would be expecting more choppy and whipsawing price action with price staying within the range until FOMC at least. We said we would be looking for the levels of 50-55 and 30-35 to go long and the levels of 80-85 and above that 90-95 to go short. The early part of the week gave tremendous opportunities to scalp...
My technical analysis overview : 1. Trend (h4,h1 timeframe) is down 2. Key Price Action : has got a good Price Action signal to sell
Hi Traders, This is a pair on my radar. It just formed a buy-side liquidity pool that needs to be swept. This is one pattern I have noticed in the market for a long time. In this case, I expect it to play out for a few reasons I will list out. 1. On the monthly timeframe, we dumped into a key level now a retracement in at play 2. On the weekly timeframe, we...
In my opinion, UCAD will has got a reversal here You have to wait a good signal (h1 or h4 confirmation)-> After that, entry when price retest
EA sell now Strategy : Reversal trading in h1 timeframe Target ~ 50-80pips SL 35pips
USDINR (#USDollar Vs #IndianRupee) Short Signal Entry:81.903 SL:82.146 Target:80.849 RR:1:4 But You can Save Profit and Continue Target:80.206 Means 1:7 RR Please Tell me Your Idea?
Hello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!
Setup failed, SL hit. Looks like price abandoned the liquidity lying below last week's lows and instead decided to go for the equal highs liquidity above last week's highs
Since in order for the exchange rate to buy higher, it must first drop lower in order to buy at a discounted price. It's everyday simple business law. Therefore, in this case gold might retrace to fill the 1H void in price then perhaps rally from the fair value gap or the order block. However, I consider this a riskier trade as opposed to the short setup because...
We had two setups today: gold and NZDUSD and although gold missed our entry, NZDUSD activated during the FOMC statement and rallied upwards. Price action will determine whether price will continue bullish or not.
The Crude Oil Inventories data did not affect price but the FOMC statement melted price and our entry was missed by some few pips before price rallied and that's okay because it happens
Just like the gold setup I published earlier, I also think NZDUSD will behave the same. Likewise beware of Crude Oil Inventories
Gold has a high volume and momentum bullish candlestick that was caused by yesterday's core CPI news. With the momentum candle having broken structure upwards, I think it's most likeley that price will continue bullish at least to run the engineered liquidity above yesterday's daily high. NOTE: BE CAREFUL OF CRUDE OIL INVENTORIES AS THEY MIGHT NULLIFY THE SETUP