USDCHF, Bounce in the wayUSDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is trading in a down trend. However, the price is trading around a Macro level which sent the price all the way up.
Probability suggets we get at least a second leg up coming soon.
Checkout the chart for what I'll be waiting for after price action confirmation on LTF.
Trade safely,
Trader Leo.
Btm
USOIL, Still channeling down. USOIL / 4H
Hello traders, welcome back to another market breakdown.
USOIL has been trading inside a channel. Making new lows, lower highs. I'll be looking for a shorting opportinity in the next week until bulls manage to break above the channel.
Trade safely,
Trader Leo
EURUSD, more upside to see?EURUSD / 1D
Hello Traders, welcome back to another market breakdown.
EURUSD has been trading in a trading range, the price keeps making new highs, and lower highs which is a sign of a bullish trend for now.
Safe play would be to wait for another push for the trend line and watch what type of price action we get.
Trade safely,
Trader Leo.
Gold, Bullish structure is holding/XAUUSD / 1D
Hello traders, welcome back to another market breakdown.
Gold has been showing signes on trend resumption on higher time frame. While keeping the bullish structure. Higher probablity setup would to wait for the previous breaout points to be tested again.
Trade safely,
Trader Leo
USDCAD, it's just a Trading Range.USDCAD / 1D
Hello traders, welcome back to another market breakdown.
USDCAD has failed to break bellow old lows with a follow through. The price deviated and came back inside the range. I expect the price to grow more after testing the last deviation zone where many bears are trapped.
Trade safely,
Trader Leo
USOIL, Crude Oil a wedge in a Trading Range. USOIL / 1D
Hello traders, welcome back to another market breakdown.
Crude Oil traded lower earlier in the week after a small pullback bear trend.
The bears got 3 pushes down, forming a wedge pattern.
They want a retest of the June or May lows, followed by a breakout below.
The bulls see the current move down simply as a bear leg within a trading range.
They want a reversal from a wedge bull flag (Oct 6, Nov 16, and Dec 13) and a higher low major trend reversal. They hope to get a retest of the September high.
They will need to create consecutive bull bars closing near their highs, trading far above the the trend line to increase the odds of higher prices.
Crude Oil remains in a 71-week trading range. Traders will Buy Low, Sell High in trading ranges until there is a breakout with sustained follow-through buying/selling.
At the moment, the market is trading near the lower third of the trading range which is the buy zone.
For now, the selloff since September has lasted a long time. A minor pullback can begin at any moment.
If a pullback begins, traders will see the strength of the pullback. If it remains weak and sideways, the odds of another strong leg down will increase.
Trade safely,
Trader Leo
USDCHF, soon to BounceUSDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is trading in a down trend. However, the price has reversed from a wedge pattern.
Probability suggets we get at least a second leg up coming soon.
Checkout the chart for what I'll be waiting for. Otherwise, the bears can take it from here.
Trade safely,
Trader Leo.
AUDUSD, Breakout from the channel?AUDUSD / 1D
Hello traders, welcome back to another market breakdown.
AUDUSD pair has been trading in a Bearish trend, the price is showing evidence of breakout from a channel which might lead to more higher prices to see. I'll look to get on lower prices after getting the LTF confirmation in the next Pull-back phase.
Trade safely,
Trader Leo
AUDUSD, Pull-back or reversal?AUDUSD / 1D
Hello traders, welcome back to another market breakdown.
AUDUSD pair has been trading in a Bearish trend, the price is showing evidence of pull-back mode so far. I'll look to get on for higher prices after getting the LTF confirmation in this Pull-back phase.
Trade safely,
Trader Leo
USDCAD, Trend resumption or trend reversal? USDCAD / 4H
Hello traders, welcome back to another market breakdown.
USDCAD has failed to break bellow old lows with a follow through. The price deviated and came back inside the range. I expect the price to grow more after testing the previous S/R level.
Please checkout the chart for the confirmation on changing in trend.
Trade safely,
Trader Leo
EURGBP, More down side to see.EURGBP / 1D
Hello traders, welcome back to another market breakdown.
EURGBP pair has been trading in a Bearish trend within a larger trading range, the price is showing evidence of pull-back mode so far. Therefor, better wait for more confirmation.
Trade safely,
Trader Leo
EURUSD, Trading Range Price Action. Hello Traders, welcome back to another market breakdown.
EURUSD has been trading in a trading range, the price has deviated above old highs forming a wedge pattern with 3 touches, which is a reversal pattern.
Safe play would be to wait for another push for the trend line and watch what type of price action we get.
Trade safely,
Trader Leo.
Silver, Breakout Mode.XAGUSD / 1D
Silver has been Trading in a trading range with a a bullish long term trend, the price recently tested a KEY Level.
Bulls closed above 23.79 which confirms that they are in control.
Checkout the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens.
Trade safely,
Trader Leo
USDCAD, Trading Range Price Action.USDCAD / 1D
Hello traders, welcome back to another market breakdown.
USDCAD has failed to break bellow old lows with a follow through. The price deviated and came back inside the range. I expect the price to grow more after testing the previous S/R level.
Trade safely,
Trader Leo
EURGBP, Trading range price actionEURGBP / 1D
Hello traders, welcome back to another market breakdown.
EURGBP pair has been trading in a Bearish trend withing a larger trading range, the price is showing evidence of pull-back mode so far. Therefor, better wait for more confirmation.
Trade safely,
Trader Leo