DWoodz

DWoodz

last week going into this week I have been looking at and observing so much more information so I didn't get to get this idea in before it happened as I wanted to see things play out to support my bias more. Im expecting for GU to turn bearish. The market is fairly balanced out right now and price returned to a Previous Point of control on the chart. It rejected...

DWoodz

So I was bearish on EU and it had continued to push up all week. They say hindsight is 20/20 aye?...I seen the FVG on the daily but did not think they would go for it. Well they did and filled it completely. Now I have more reason to wait for signs of the sell pressure to come in next week. Sitting on my hands till the market is more clear next week.

DWoodz

Ok so I was a bit off on my EU prediction. But looks like they respected Monthly Support/resistance and price if finally starting to react to the Bearish pressure. I'm expecting to get a strong break in structure from here to give is a solid entry for the next move. Will continue to monitor for best entry.

DWoodz

My bias on GU is bearish. I feel this one is a risky play so I'm keeping the stop tight. We have a small break in structure on the 15min and we are 2 and half hours away from NY open. If we drop from here and DXY gets some push at NY Open this could end up being a really nice move for bout 190 Pips or so. Just gotta watch from here and see if they want to keep...

DWoodz

My bias for EU was for it to hit this target and reverse. The way DXY looks right now I'm not sure if it is to turn bullish at this point so that it pushes EU down but I'm sticking to my bias that the sell pressure comes into play here. Along with the information we see on the charts I'm also watching order flow. Yesterday there was a significant amount of Long...

DWoodz

I was monitoring EU last week and had a target of 1.0726. It did not hit that target until this morning. I'm looking for signs of bearish pressure from here. So if we can manage to get a break in structure to the downside between today and tomorrow then we can look for a entry to proceed with the sell. As Monday is to unpredictable so we don't touch it till it...

DWoodz

As I observe what GU is doing I'm bearish from the previous 2 weeks of action. I'm expecting what it's doing now to be a retrace for a much bigger trend. We have fed News coming up on Wed with a decision on interest rates. I'm sure the market is waiting on that before deciding a direction. This area here could be the high for the week and it drop from somewhere...

DWoodz

As expected GU has turned bullish for a retrace into the zone it moved away from earlier this week. It filled a FVG on the 15 min during London session then turned bullish for NY Session. Expecting it to peak between now and next Tues possibly doing a High for the week next Week then proceeding to turn fully bearish next week. All we can do is monitor and roll...

DWoodz Updated 

I dropped a idea for a sell based on Tuesday's high of the week. So this makes the most sense to me...They used Monday to Fake out a High for the week then did the high of the week on Tues. Price held steady moving sideways for the last 24hrs. Now the dollar has to make a decision and push bullish or bearish. It makes the most sense for the dollar to turn bullish...

DWoodz

As I observed GU the dollar made lows based on last week's news but also confirmed bullishness in the beginning of the week. If it is to continue to be bullish it needs to gain strength on DXY above 104.2. If I am right it will push GU down hard making for a nice 200+ pip swing trade to the downside.

DWoodz

Ultimately I see UCAD going down but in order for them to continue with the pressure down I feel they need to grab some liquidity first. Im looking for them to push up and grab that first before continuing down strong. It seems it hit a area of support then broke short term structure going down. If it holds here I'm looking for it to push up for the next 2-3 days....

DWoodz

As we see Bitcoin is starting to shift. I was originally looking for price to stabilize some where above 33k. It never touched it but came very close. Now looking for some bullish activity from here. If we get a bullish break out above around 36k, i look forward to seeing a slight pull back for entry then push towards 42-45k area. Hoping that the bearishness is...

DWoodz

Looking at this pair I see that it is is a strong down trend. I avoid trading against the trend but sometimes I take a shot for a nice snipe on price. See a hot zone for entry and looking for it to go up about 40 pips but I'm playing it save and looking to get 25 out of it. Lets see how it goes.

DWoodz

So looking at EJ I'm seeing Bullish pressure build up. Looking for the right entry, based on the 1 hr I can see that it is bouncing off a Key Fib zone of 61.8 During the London session. watching it to see if it shows further confirmation and proceeds. As of right now it is holding this zone pretty tight. Based on the trend it is in it is at the bottom zone of a...

DWoodz

Looking at the EURO/Peso This is should be a strong sell for the week but I'm searching for the perfect entry. Looking at the trend up I dont think it is ready to break this trend line. I would look for it to push up to a area of resistance then start to push down strong enough to break through the trend line and hit a lower level of support. This might take some...

DWoodz

Okay so looking at GBPCHF this is a strong reversal to continue on the up trend going Long on the 1hr chart. Sitting on a strong level of support I can see this pushing up for the NY session then coming back to test the area. From there I can see it peaking out at the 1.310 area before showing what it will continue on with for the week. Also considering that the...

DWoodz

In closing for the week looking at EURCAD it is in a major area of Support and resistance. It had a nice rise for the week and I feel like it is out of gas now. It is due for a nice Hard Drop! I can see it droping here for a nice 1-10 Ratio! A easy 70 Pips to close out the week strong. Looking forward to see what next week holds. If this will continue in the same...

DWoodz

So as Im looking at and evaluating GBPUSD I notice that it has dropped down to a major area of support. This is a Supply and Demand area. Based off stats The british pound is a buy for this week so I'm looking for it to rise from here. Waiting till London session to see how it moves. If it provides clear indication I'm looking for it to make at least a 80-100 Pip...