GBPJPY Retest the resistance area +250 pipsWelcome back! Let me know your thoughts in the comments!
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Structure
BTC - Almost Halfway Through The Accumulation E've been comparing recent BTC capitulation and now accumulation at the lows with the one in 2015. They are very similar in accumulation structure as well a how deep both capitulations went. Don't get me wrong, i don't thing this is a true bottom formation like it was in 2015 leading to the next bull run, but only forming a local bottom that just happens to be very similar as one in 2015. After completing this accumulation i still expect BTC will go into a retracement that can still take us slowly back in 45-50k area, before continuing the falL.
From the comparison with todays price action wth the 2015 one, we can also expect btc to still reach the top of the range, make even higher local high (green box) and still then fall down to the bottom of the range (orange box), before starting a long awaited retracement.
It all depends on a macro picture of the economy by itself. Will see what the stock market does first, but charts do show a local bottom being set for now.
DISCLAMER:
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
Near term Gold longCondition for entry, levels/stops, and targets for the next days to week. Trying to keep it simple.
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY UP SIDE WAVE went very well. The reason for that was, FUNDAMENTALLY JPY WRAK, GBP STRONG. And because the MARKET SENTIMENT is STRONG. XXXJPY has been BUYing very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK OFF BIAS. So GJ can still be BUY.
- Currently, GBPJPY LONG TERM can move up to the LEVEL of 186.85. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 149.09 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT.
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. NZD is becoming WEAK because COMMODITIES are down due to MARKET RISK OFF..
Therefore, EURNZD can definitely go UP to the RESISTANCE AREA of this CHANNEL before going DOWN again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6304 LEVEL. And before SELL, EURNZD can be BUY at 1.7845 LEVEL. So stay tuned for MARKET UPDATES.
EURAUD It will fall from resistance Welcome back! Let me know your thoughts in the comments!
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Potential sells for EURUSD early next weekEU has been bullish the last 3 days but shows signs of a potential reversal.
EU has provided a strong reaction from the daily decisional supply zone.
AMD has formed and we are starting to get a pullback for entries.
Appears like liquidity creation to induce price to come into supply and take out the 15m FVG before reversing.
In terms of HTF EOF, if the 4H low goes, then the 0.96681 low will be targeted next.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been DOWN about 60++ PIPS. We hope you get it anyway. It is still moving DOWN SIDE as we have given.
- Currently the MARKET SENTIMENT for AUD is on the DOWN SIDE. There is currently a DOWNSIDE BIAS for AUDUSD due to RISK OFF. The main reason for that is because of MARKET RISK OFF, STOCKS and COMMODITIES MARKETS are currently going down a bit. It is heavily influenced by the Australian dollar.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go down to 0.6364 LEVEL. And after that, AUDUSD can be BUY to the 0.6766 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. For that, the MARKET STRUCTURE should be BREAKED..
GBPCAD I Structure Trade I Short from Resistance 200 PipsWelcome back! Let me know your thoughts in the comments!
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EURCAD Potential Long Breakout then Short from ResistanceWelcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
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AUDNZD Buy from Support +70 PipsWelcome back! Let me know your thoughts in the comments!
**AUDNZD - Listen to video!
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GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go down till 1.0325 LEVEL.
And after that the market can go UP, GBPUSD can be BUY to the 1.1750 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
Weekend analysis for EURUSD, can we see a pullback now?EU is extremely bearish but could it be time for a pullback? No confirmation yet, but maybe we get one after the market opens.
I just finished my weekend analysis video and figured I would share my 4H chart.
After pushing down so low, there is no more liquidity to take? How about a pullback now? We are in daily/weekly demand so, it wouldn't surprise me if we see some sort of reaction from here.
If we get a pullback, then areas to watch reactions from are marked on the chart. But the reversal plays will be more interesting to go and take out the lows again.
To see all my thoughts on why we could see a pullback, check out my latest Youtube video.