EURGBP - 24h expiry Broken out of the channel formation to the downside. Yesterday's Marabuzo is located at 0.8431. Preferred trade is to sell into rallies. The primary trend remains bearish. We look for a temporary move higher. We look to Sell at 0.8430 (stop at 0.8446) Our profit targets will be 0.8390 and 0.8375 Resistance: 0.8420 / 0.8430 /...
4h structure is bullish. Price is being corrective for a while and created some equal lows (liquidity) that were taken. Price just reacted inside an area of daily / 4h imbalance, showing good intention to the upside. Expecting a pullback on lower timeframes now to look for a buying opportunity.
Since the begginning of the month, EURGBP is corrective to the upside with lack on intention to go higher. Price respected a stack area of daily + 4h imbalance, showing intention to the downside. There is a 4h new area of imbalance wich was formed after those equal lows break to the downside with an impulsive move. I'm expecting a pullback to the upside, sweeping...
EURNZD - 24h expiry Short term bias has turned positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look to buy dips. 50 4hour EMA is at 1.7932. Our outlook is bullish. The sequence for trading is higher highs and lows. We look to Buy at 1.7940 (stop at 1.7880) Our profit targets will be 1.8090...
Horizontal line at 720s continues to work great for LRCX Lam Research. Lam Research is trading with a Forward P/E ratio of 21.75 which is discounted to its industry group Forward P/E of 25.6.
Oddly enough, the lower it goes, the more I like it.. However, having the patience to wait on price action to find a solid market structure level to call support is another game entirely. bullish DXY in general so watching UJ at "support" levels
While U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend. Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks. Blue ATR...
I’m looking to short EUR/USD again on the 15M chart , with expectations of continued bearish momentum carrying into the next day of trade. Price is showing consistent weakness, and the downtrend remains intact, making this an ideal setup to capture further downside. I’ll be watching for the market to maintain this structure and will adjust if any significant...
I’m expecting EUR/USD to have a bearish day and possibly continue this trend throughout the week. The 4H chart is showing strong downside pressure, with price struggling to break above key resistance levels. I’m anticipating further declines as this bearish structure continues to unfold. Let’s see how the market plays out!
Getting ready for next week's USD/JPY setup! 🚀 The market is aligning for a potential big move, and I'm positioning myself for the action. Watch closely as I plan my entries and manage the trade—timing is everything! ⏳ If you're into catching high-probability trades and want to see how I approach the markets, make sure to follow and stay tuned. Let’s ride this...
Completion of the correction of the dollar index DXY The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical...
Silver Analysis. H4 12.09.2024 An interesting situation is fprming in silver. I haven't reviewed it for a while, but a cool pattern is forming now. The price is forming an exit to the upper boundary of the range and fixing near the margin. On the way we made accumulation and buyers' zone 28.50-28.85 in case of correction to which we can buy with targets to renew...
Thoughts on EURUSD before the ECB rate I expect the euro to reach 1.0950-1.10 down to the area of option hedges and profile accumulation, and then continue to grow. Of course, there may be surprises, but this is my prior view. In detail we need to keep an eye on the new option fillings, they will tell us which areas will be hedged. The market is expecting a...
Waiting for USDCHF to rise The franc got a beautiful culmination on Friday with a false takeout of the support level around 0.84. The price gave an upward reaction and overlapped the culmination candle. Usually in such cases make an internal pullback and upside as shown in the scheme. We bought in a private channel at 0.8410 and also wrote about it immediately,...
Working off the rise in the dollar index DXY Last week I expected the dollar index to rise to the area of 102 and higher. We made a pullback on it, but the depth of the correction was bigger than initially expected, but it did not affect the result. Now they are making a rebound to 102, but then might correction around 102.30. On Thursday we will know the US...
I'm watching for a short opportunity on EUR/USD as the market shows signs of weakening around a key resistance zone. Momentum is shifting, and with volatility expected to increase during the New York session, I’m targeting a quick move to the downside. This setup aligns with my strategy for capturing short-term bearish momentum. Let’s see how it plays out!
Downside breakdown USDJPY Yen broke a reversal pattern and decided to make a breakout to 140. This is a strong support level from which I expect a local rebound on upward correction. On options, this scenario is also confirmed, considering that today is the expiration of monthly options. The margin is also a bit higher, ideally make a false breakdown down and...
As we head into the weekend, my focus is on USD/CAD for next week. The pair has been showing bullish momentum, and with better-than-expected U.S. economic data released this week, the case for a long position is strengthened. Taking some long USD profits off UJ and starting a small UCAD