USOIL, is the trend changing? USOIL / 4H
Hello traders, welcome back to another market breakdown.
USOIL has been trading in a down trend. However, the price has rejected a Macro level. Which might indicates that the trend might be changing. Plus, the OPEC is cutting production as a Macro reason.
Checkout the scenario I''ll be playing on both sides after price action confirmation on lower time frame.
Tarde safely,
Trader leo.
Btm
EURUSD, the 2 setups I'm waiting for.EURUSD / 1D
EURUSD is making trading inside a range until proven otherwise. I'll be looking to short the 2 scenarios showen in the chart
after I get my entry creteria.
Bears want a double top with with the last week's high which might increase their chnaces in a reversal. Bulls see the price is always in long which is correct for now until proven otherwise.
Trade safely,
Trader Leo
GBPUSD, Structure shift. GBPUSD / 1D
Hello traders, welcome back to another market breakdown.
GBPUSD has token the low and now seems to be shifting the structure from bearish to bullish.
I'll be waiting for the implose to finished and try to get on the test back for higher probability.
Trade safely,
Trader Leo.
GBPCHF, 2 high probabilistic setups for the bulls.GBPCHF / 1D
Hello traders, welcome back to another market breakdown.
GBPCHF is shifting the structure after taking the low, I'll look to long this pair again at 2 zones mentioned in the chart.
Which one will be? Nobody knows, I go and zome in on lower time frame to get my confirmation and valid entry.
Trade safely,
Trader leo.
USDCAD, Final hope for the bulls to reclaim back. USDCAD / 4H
Hello traders, welcome back to another market breakdown.
USDCAD didn't hold support, However, the structure on the higher time frame is still bullish.
I'll be studying the next buy zone in case Bulls decide to step in again for a lower high.
Trade safely,
Trader Leo.
XAUUSD, My next buy zone. XAUUSD / 1D
Hello traders, welcome back to another market breakdown.
Gold has bee trading in a bullish trend. The price now is around resistance where a lot of bulls take profit.
I'll be waiting for Gold to retrest back to the flip zone where I'll be studying few longs.
Tarde safely,
Trader Leo.
USDCAD, How far can we go? USDCAD / 1D
Hello traders, welcome back to another market breakdown.
Fundamentals:
Based on the last Testemonial from Powell:
1. Rates will go higher than previously expected
2. The Fed doesn't think they have overtightened and need to do more
3. They think they can sort out inflation without 'significant'
downturn (notice the abandonment of 'soft landing'
4. Unemployment needs to rise.
5. States the road of bringing down inflation will be 'bumpy'
Correlations:
US10Y is inverted for 245 days.
US03M is inverted for 132 days.
New rate hikes at the 1M, 3M, 6M and 2Y
EFFR @4.48%
RRP 2.168T, which has increased from 2.412T from the previous week
We need another 100bts to get to 5.5% Fud rates with probablity of 56%, so maybe +25/50bts in March, May and June.
Technical analysis: The USDCAD currency pair has been experiencing a bullish trend, with the price consistently breaking higher. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase.
The scenario I'm looking at:
Broken resistance becomes support.
For more in deepth on technical analysis check out this video
Trade safely,
Trader Leo.
USDJPY, which one will it be today? USDJPY / 4H
Hello traders, welcome back to another market breakdown.
USDJPY has been trading in a down trend on the 4H, however the price also is around the breakout point from the perspective of bulls.
Check out the 2 scenarios I'll be watching for today.
Trade safely,
Trader Leo
EURUSD, Stuck in a trading range. EURUSD / 1D
Hello traders, welome back to another market breakdown.
EURUSD has been stuck in a trading range. Trading ranges are created by confusion. In my opinion the market is waiting for the Federal Funds Rate this week. So, for now it's not tradable for me.
Trade safely,
Trader Leo.
USDCHF / 1D USDCHF / 1D
hello traders, welcome back to another market breakdown.
The volatility in the market has increased after Many backs falling. However, The USDCHF pair seems to be holding support nicely. I'll be looking to long this pair if I get a run to the lows first then I would like to see the price come back inside the range.
Trade safely
Trader Leo.