Get started

Ilovetrading

EURAUD - Short Term BearsQuick and simple one this time, EURAUD looking bearish for the coming week. Price broke MS on the 1H and other multiple levels on the 15M TF so I'm looking for an RTO to the 1H OB or 15M area of interest created as a result of the expansive move downwards before it continues to fall down the the 4H OB at the bottom of the range which is expected to hold as a solid OB however if it becomes a breaker, we can re-evaluate market movement and plans for setups. This move is supported by multiple confluences so we should be expecting the downward move however the market can always decide to change it's mind and continue long so I would be careful of this move.
Short
by AndreaTheTrader
USDCAD - Down to 1.35900? (CONTINUED)Please note that my continued analysis of this pair and others is purely for personal reference and improvement, I just wish to share my analysis and look back on to it as the market develops. Last weeks Bull run that I had predicted has taken place (marked with blue line) and I believe that this week will be bearish for USDCAD after touching with the 4H supply zone marked on the chart. I believe that in the next few weeks we can expect a tightening of market range as outlined in the descending triangle on the chart, before an expansion to the downside of .35900 and possibly beyond.
Short
by AndreaTheTrader
USDCAD - LONGS SHORT-LIVED?We can see very clearly that in the last trading week, price had reached a previous weekly low and so reacted and pulled up sharply. We now see price heading towards a 4H Supply Zone in which price is expected to hit before any hopes of a bear move begin, although price could very well push through the supply and take out a previous weekly high before returning to the downside. This idea is supported with additional confluence for the pivots and the Fib reaching for the .786 retracement area. I still do anticipate longer term shorts for USDCAD however I am not quite sure as to when price will finally break and go further to the downside. I'll update on that as time goes.
by AndreaTheTrader
USDCAD - Down to 1.35900?So last week, my analysis of USDCAD began to play out and I do believe the downward trend will continue after a short-term Bull run as price currently sits just above a Daily OB and 4H Demand Zone, allowing us as spectators of the market to expect Bull reactions to these zones.This short term move is supported with the confluence of price being below the central pivot in the 1D TF and below, suggesting price to be in a buying zone. However, once price rallies into the Daily Supply marked on the chart, I suspect it to fall and continue to fall all the way to 1.359 so that the banks and institutions can collect the 'free money' essentially lying between 1.3500 and 1.35900, allowing price to finally expand after this period of contraction/accumulation.
Short
by AndreaTheTrader
GBPAUD - SHORTS Looking at long-term shorts and short-term longs on GA this week as we can clearly see price falling into a weekly OB/ Monthly Support, meaning that we can be expecting a reaction move off the level into a shorter term drive upwards which will potentially begin to lose steam at the monthly level above current price before falling lower as the market does not seem able to maintain price higher than 2.0500 as when price was previously at this level, it quickly reversed and failed to make new highs. This is a simple analysis of a new pair, however alongside technical analysis, as long as COVID-19 is continuing, the UK economy will tank and fall lower in my own personal opinion.
Short
by AndreaTheTrader
EURNZD potential SHORT to 1.78600On the 4H TF, we can see that price has crawled into a 4H OB after the previous breaking of Market structure that had been held on the 1D TF. Price will potentially roll over into 1.78600, an institutional level, in order to take any imbalances in the market however it has potential to continue to fall past that as the line at .78600 where market structure was previously held as it has been broken and may now be considered 'weak' so this move could well be long term but at the least, price should definitely be looking bearish for the time being with additional confluences being current candlestick PA and with price being above the central Pivot, hence suggesting a selling zone.
by AndreaTheTrader