NunoPinheiro

NunoPinheiro

Euro has been a long bearish trend since the beginning of the month. Today, during the New York session price failed to break the lows after multiple attempts. It could be that the bear are out of steam to carry on further. I am now looking to see how price reacts at the nearest POI, if that is broken than I would be looking for longs targeting the next POI.

NunoPinheiro

Gold failed to break support during the london sessions. At the New York Open price decided to take liquidity above the highs and grab liquidity at the OB where the expansion break of structure happened. Now Gold has enough steam to break the lows made during the London sessions.

NunoPinheiro

Clearly there are only three outcomes for this... Price will either go up, down or stay neutral. Based on current market structure was filled the imbalance at 1.20000, the next area in target in the Bearish OB zone at 1.22200, if thats is broken price will run stops above 1.22700 and perhaps target try to find liquidity above major highs. We must be aware of how...

NunoPinheiro

Since the beginning of the year the Pounds have been strong by expanding to latest highs made late 2022. This past week the pair is showing early signs of exhaustion and this could be due to a intermediate term reversal. At the start of the year, when the Pound reversed at 1.18500 it has failed to come back down to find liquidity in the market, as this may also be...

NunoPinheiro

Possible push to the upside to sweep the previous structure highs before the continuation to the downside.

NunoPinheiro

This is not 100% accurate, but here you will be able to see how price reacts to these zones more or less. These zones cannot be used by themselves, but by using a combination of confluences like identifying the major trend and the current market conditions.

NunoPinheiro

Price is now at a resistance level... and at this level it started showing reversal signals, by forming a consolidation area in the 4HR followed by a third bounce at the resistance level. We could see price drop to test previous lows or at least to create a higher low. Always use risk management

NunoPinheiro

Prince seems to have reached a daily resistance level. A HangMan candle has confirmed that you’ll might see a trend reversal soon

NunoPinheiro

After the big bullish momentum last week we see the bearish entering... I am waiting to see some bullish momentum, around the TL Support, hitting the 61% level on the fib. I can then look for Long opportunities bouncing from the TL to previous resistance.

NunoPinheiro

On the overall picture Gold has been moving on an uptrend, although the past weeks it has been forming lower highs. Price is very close to my minor downtrend support line, this give us the opportunity to sell, until price hits support again. Or if price manages to create a new daily high, we could see a breakout of the minor downtrend and possible creating new...

NunoPinheiro

Price has now made a Lower Low. Also is very close to my monthly support which has failed to break lower, we can also see on the 4hr chart price forming a bull trap. We can spot a good buy opportunity once price breaks out of the flag, best to apply the last kiss strategy to this. -Wait for breakout -Spot the pullback/retest -Once price is completed the pullback...

NunoPinheiro

Price bouncing off the monthly support, bears could push price down to the 38% fib retracement before seeing some more bullish momentum.

NunoPinheiro

Price had a strong bullish run for the past 2/3 weeks, however this week, the bulls are showing loss of momentum as their testing a resistance level. Also price is respecting a Trendline Resistance area, we could expect the bears entering to push price back down to the monthly support.

NunoPinheiro Updated 

Price has hit a resistance area at the 50% fib. We can look at some opportunities for shorting. back to previous support at the 0% fib.

NunoPinheiro

Price seems to has broken a critical support area, since DXY has been very bearish the past few days. Im expecting price to come back to test that area before it makes further bearish moves.

NunoPinheiro

Possible Short back to 0% fib level. Looking at a 110 pip movement Good Luck

NunoPinheiro

EURUSD is creating a Bearish Flag, bulls are losing momentum and it creating a LL and LH. We should be able to see EuroUsd Respecting previous major support

NunoPinheiro

Potential bullish movement towards the 1.2700 region. Wait until daily candle breaks daily resistance. Retest of the weekly support is expected.