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Monday

Bullish Mondays!Hello traders! I hope you had an excellent weekend and learnt as much as you could from the week priors pa. Todays PA is clearly bullish on the 1hr and the 4hr, so longs will be targeted. The daily is still in a sell range and we have moved up within the possible mitigation of the recent PA however we aren't over the premium of the move. To the left we can see the circled PA in yellow, which will need to be filled at some point, this fits with a long bias into the shorting area. Although we have both a 1hr and 4hr buying range I will remain Neutral and trade the PA as I see it at the time, this could lead to shorting opportunities should they develop
by EnvisionEJ
EU analysis coming into London openTodays PA being a Sunday/Monday has been fairly bland. I have marked my 2 current AOI on the chart using the yellow circles. I am expecting the lows to be broken due to the amount of liquidity in that area-however that could take a while to happen. Overall we are building orders to move to the upside eventually but it could take some time to play out. Today I will likely sit on my hands-however deeper into London when volume picks up we may get a nice quick short trade from around the current price level. Sometimes the best thing to do when trading is stay out of the markets. Happy Trading, Envision EJ
by EnvisionEJ
Strong Bearish Structure on GBPJPYGBPJPY has tried to rally higher several times on the daily chart... and failed. Instead, it started to make new lows and new lower highs each time it attempted to rally again. The large red channel is a weekly bearish structure. A smaller red channel is the latest daily bearish reversal level I would love to take. Hopefully, it won't start trending overnight! An expected reversal is going to happen on another broken market structure (dashed black) which further increases my confidence in the setup! Lastly, when I hide all the drawings and only highlight Mondays, you can see that Monday usually happens to be the reversal day! 5 out of 6 last Mondays created a temporary low or high. Look out for Monday (blue below)!
Short
by OrcChieftain
3
The Dollar index has extended declines across the board...The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band. However, the index and Greenback in general may benefit from underlying bids into 91.000 given that large technical factors are pointing proximity at 91.019 today. I expect some immediate further decline. But overall will be keeping close eye on the next couple of days for longer term bias.
TVC:DXYShort
by FTUKcom
2
XAU/USD - 22/03/2021Good morning everyone! Hope you had a fantastic weekend and are ready for another productive week. (H1) - From my weekly outlook I was expecting price to break resistance around 1744.693. Price failed to break higher and resulted in a double top. We then broke support to give us more confluence into a bearish market. I will be waiting for an hourly close to retest the previous support to look for short entries. We have seen major market gaps across the board. My personal suggestion would be to sit out of any pair that has a gap until price develops further. Wouldn't want to get caught into a false move/ manipulation.
OANDA:XAUUSDShort
by Official_VIFX
EUR/USD - 22/02/2021EUR/USD following suit with GBP/USD. Price absolutely rocketing towards that take profit after a pretty sketchy entry. Again price exceeded my maximum stop loss so I had to enter with a limit order instead of an instant execution. Currently locked in at 1:1 risk free with 1:2+ running. (H1) - Break and retest similar to pound dollar, nice wick rejections. (M30) - Multiple wick rejections as you see price depleting into they key level and following up with strong bullish momentum. What a start to the week!
Long
by Official_VIFX
GBP/USD - 22/02/2021(H1) - Break and retest on the hourly timeframe price pushed nicely into the key level and rejected with a wick. (M30) - Nice double wick rejection at the key level, missed the initial entry so I entered a buy limit to catch a wick entry and luckily I was triggered in. I like to limit orders to get ahead of indecision candles to catch potential bursts in momentum and I also use them whenever my ideal entry exceeds my maximum stop loss of 20 pips. Another use for them is provided in todays trade. If I miss a trade for whatever reason then I set a limit order at the original price I would have entered and wait to be triggered in. if I do, great! If I don't I simply move onto the next trade. Hope you all have a fantastic day and a great start to your trading week!
Long
by Official_VIFX