For this week trading, i would prefer looking for buying opportunities on all foreign currencies reason for this is simply. DXY Dollar index has shown significant signs of weakness from last week trading very bearish. if the dollar index is trading lower, its reasonably to expect GBPUSD to trade bullish since they are corelated. Although am bullish but its...
for this weeks trading, am expecting more bullish price action. i would be looking for more of buys for this week. the reason is simple, take a look at the monthly chart on gold its bullish. looking at the 4hr chart of gold we have a series of market structure shift to the upside, so preferably i would like to see price trade down and take out the sellside...
We have all witness bitcoin dumped massively after reaching a new all-time-high, so it's reasonable to expect some sought of retracement to the down side before price that going high again.
After the massive dump from Fomc news event, price has retraced back into the range. so going forward into this week trading, i would favor more of shorting opportunities because when you look at the 4hr chart we've already had market structure shifting bearish. If the market eventually takes out the buyside liquidity resting below 1.26200 round fiqure, we wait...
The MFERUSDT chart is insanely screaming over-sold. price current has taken the sellside liquidity and currently trading at a daily support level. The important thing to note on this chart is that we have a liquidity grab alread,y in bullish market we are more likely to start see explosive moves to the upside very soon. NOT a financial advice stay safe.