Strifor || UKOIL-10/09/2023Preferred direction: SELL
Comment: Monday's oil gap surprised everyone, but given this geopolitical background, this is not surprising in principle. The strengthening of oil is most likely short-term and a fall can be expected soon. Most likely it will be in the middle of this week. The goal of the fall will, of course, be closing the gap, and even moving lower.
Thank you for like and share your views!
Forex-usdjpy
Strifor || EURUSD-10/06/2023Preferred direction: SELL
Comment: On the eve of the non-farm, the American dollar is losing ground, and there are no good entry points until the release. Based on technical analysis, and especially volumetric analysis, the potential for a fall is identified. In this regard, we highlight sell priority and consider entry points through pending orders on non-farm.
Thank you for like and share your views!
TradePlus-Fx|EURUSD: intraday sell💬Description: Today, the market began to actively recover against the US dollar . Some instruments have already passed their ADR . However, it is very unlikely that this trend will continue throughout the day. A move in favor of the dollar is very likely.
Against this background, a small short on EURUSD is expected towards the level of 1.05194 , where, within the framework of a retest of the level, market participants will once again be able to verify the authenticity of the local recovery against the dollar.
🔔 FX CALENDAR TODAY:
🇬🇧GDP
🇺🇸Composite/Services/Manufacturing PMI (July-Pre)
➖➖➖➖➖➖➖
🚀 Thank for your BOOSTS 🚀
👇 Share your views and FOLLOW US 👇
Strifor || EURUSD-09/29/2023Preferred direction: BUY
Comment: A short-term long worked well for the euro. Today it is expected that the instrument will trade at the level of 1.05700, where buyers will strengthen their positions. We also shouldn’t forget about the possible sell-off of the dollar against the backdrop of position closure before the weekend. From all this it follows that it makes sense to continue to look closely at short-term longs.
Thank you for like and share your views!
Strifor || EURUSD-09/27/2023Preferred direction: Neutral
Comment: The currency pair worked out the previous short scenario perfectly and at the moment all transaction goals have been achieved. At the moment, the price will move on, and it would be best to take a break and watch the market. In the near future, a rollback to the level of 1.05700 is expected, from where we will consider potential entry points.
Thank you for like and share your views!
Strifor || EURUSD-09/25/2023Preferred direction: SELL
Comment: Friday's targets remain in effect, thus a further fall to 1.06147 is expected. At this level, there are volumes of buyers that will be closed when local minimums are updated. Therefore, we can assume a downward impulse after achieving today's target. In this case, the second target will be located near the level of 1.05700.
Thank you for like and share your views!
Strifor || EURUSD-09/22/2023Preferred direction: SELL
Comment: The trading idea for the euro remains unchanged and further decline is expected. Today, the currency pair has already reacted to relatively negative statistics from the EU, although there is no big negative here. But this trend is enough for the US dollar to continue its pressure on competitors. The main goal today is to update the current intraday low formed by the release of data from the EU.
Thank you for like and share your views!
Strifor || XAUUSD-09/19/2023Preferred direction: Neutral
Comment: The previous Gold trade worked out perfectly and a profit has already been made here as well. There are not many points left until the final goal and most likely this point will be completed today. At a minimum, the transaction is closed with partial profit and moved to break-even. The market, as was said in the previous idea, is awaiting for the Fed’s decision, so we most likely will not see good setups until Thursday.
Thank you for like and share your views!
Strifor || EURUSD-09/18/2023Preferred direction: SELL
Comment: The currency pair has approached the support area, from where the instrument can recover and may even reverse in the medium term. However, for now, the priority of sales still prevails, and after recovery to 1.07000, we can expect another local fall to approximately the extreme minimums.
Thank you for like and share your views!
Strifor || GBPUSD-09/07/2023Preferred direction: SELL
Comment: The situation for the pound is the same as for the euro, there is also a priority of sales. Approaching the level 1.25381, the price made a close retest of the level and the fall was very likely. Now the nearest target is the level of 1.24000.
Thank you for like and share your views!
Strifor || XAUUSD-09/06/2023Preferred direction: SELL
Comment: Gold a week ago perfectly worked out our BUY-idea, but already this week everything is forming in favour of the seller. This trend is likely to continue in the near future. The level of 1920 has been passed, fixing under it is expected. This is a potential area to consider short trades. The nearest target is, of course, 1912, then, after a probable accumulation, the price will drop to the level of 1900 again.
Thank you for like and share your views!
USD/JPY -On its way to a Safe Short- We've seen USD/JPY uptrending for what will be
the fifth (5) consecutive Weekly Green Candelstick prints.
Some cool of may occurr in terms of price action,
further due for correction ?
Lots of Higher Highs levels as Support from below
Looking from the left,
a Weekly Supply Zone can be spotted ;
(you can refer it as a *W OB).
As well coinciding with the fact of approaching Resistance Trendline of
Ascending Channel Pattern (a.k.a Bearish Flag).
Short-Bearish case Opportunities are on its way for USD/JPY.
Bullish case would be the breakout of pattern through above average volume and the
Supply Zone being broken.
This would invalidate the Short Opportunities idea for $USD/JPY
Until the next one;
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before even considering partaking on any Trading Acitivity based solely on this Idea.
Strifor || EURUSD-08/21/2023Preferred direction: SELL
Comment: At the beginning of a new trading week, the Euro is trying to recover, but most likely this attempt will not succeed. The price approaches the round level 1.09000, which is the resistance. From this value, the downward movement is expected to continue towards 1.08485, with a further move down.
Thank you for like and share your views!
USDJPY Possible Reversal
OANDA:USDJPY has been on an uptrend for the past few weeks, but a Head and Shoulder pattern has been detected on the 1-hour chart.
Additionally, inflation in the US is decreasing, which could potentially impact the USDJPY pair.
If the Head and Shoulder pattern breaks below the resistance zone of 145.0 - 144.9, there is a possibility that the price could continue to move downward.
Strifor || XAUUSD-08/14/2023Preferred direction: SELL
Comment: Buyers here also failed to take advantage of the 1912 support level, and the price only slowed down the fall, but did not reverse the price. Given this fact and the general context of the market, the level of 1912 is most likely to be broken down in the near future. The next stop of the metal is likely at the level of 1900, a round and psychologically important barrier.
Thank you for like and share your views!
Strifor || EURUSD-08/07/2023Preferred direction: SELL
Comment: The beginning of the week assumes the strengthening of the US dollar in all directions, including, of course, the Euro. This currency pair continues to be under the full control of the seller. At the moment, it is necessary to wait for the price to close below the level of 1.09623, which previously showed itself very well. Closing below the indicated level will allow pushing the price down to 1.08485, from which the price made a confident upward impulse earlier.
Other prospective and relevant ideas (for USDCAD and XAUUSD) can be found below.
Thank you for like and share your views!
Strifor || USDCHF-08/04/2023Preferred direction: SELL
Comment: The sell-priority remains on the currency pair, however, a small addition in connection with the upcoming data on the US labor market. In this addition, it is assumed that at the time of the start of the data release, the US dollar will strengthen on all fronts, after which a reversal and a fall in the currency are expected. Thus, we are waiting for an impulse above 0.87757, and after going under the level we continue to consider sell.
Thank you for like and share your views!
Strifor || XAUUSD-08/03/2023Preferred direction: BUY
Comment: The plan for gold has fully worked out, and now, just like with the euro, you can start looking for buy-positions. At the moment, the focus of our attention stays near the level of 1938.915. However, before the growth, another small downward impulse is expected, at which the price may reach the level of 1920. The medium-term prospects for the metal are formed mainly in favor of the buyer.
Thank you for like and share your views!
USDJPY Bears Are ScreamingUSDJPY turned down exactly from 61,8% Fibo. resistance and after reaching equal wave length of waves W=Y of a complex correction. So, seems like bears are screaming and we should be aware of more weakness in upcoming days, especially if breaks below 139.10 region, just watch out for short-term pullbacks.
Strifor || EURUSD-07/20/2023Preferred direction: BUY
Comment: The European currency also approached the support area, in which the push volume was formed for the last time. An aggressive approach to this support area also favors buying, and further downside is unlikely. Recovery is considered to level 1.11861.
Thank you for like and share your views!