Looking for another short opportunity, price created an EQL at around 1.35650 which holds retail liquidity together with the support at 1.35700. Price took liquidity out at 1.36200, looking for the imbalance to be filled from 1.36150 to 1.35800 and to take out the EQL in order to grab liquidity below the trendline.
GBPUSD grabbed liquidity above the 1H order block around 1.36000 looking for a drop towards 1.34980. Fundamentally bullish on the US Dollar.
XAUUSD has taken out retail liquidity at 1798. Price has reached an order block created on the 1H chart a few days ago. Expect a move back up towards 1823.970 to fill the indifference and order block in order to push price higher in the near future. Institutions are currently still holding longs. Price taking out the EQL means liquidating retail traders in order...
Pair has been bullish the past few weeks resulting in some nice previous opportunities to go long. Pair hit 157.430 yesterday and has had a pullback in de Asian session. My first entry was at the touch of the 50% Fibonacci retracement level which aligns perfectly with the order block created on the 1H chart. We might get a deeper pullback, which will allow me to...
Looking for a continuation of the downtrend the pair has been experiencing for the past few weeks. Price has rejected the 50% Fibonacci retracement level, looking for price to fall towards 1.32600 today. Fundamentally I am bullish on safe-haven currencies, and bearish on the Sterling because covid cases reaching all-time highs and the delay of an increase of...
Looking for a continuation of the Dollar strength we have been having. Price has been leaving wicks above the 78.6% Fibonacci retracement level simultaneously creating a new lower-high. Looking for the pair to fall to 0.70550. Do not forget to use proper risk management as I am simply sharing my thoughts and I am not a machine that can predict the market. From a...
Looking for a continuation of the downtrend the pair has been experiencing for the past few weeks. Price has been rejecting the 61.8% Fibonacci retracement level, looking for price to close lower either tomorrow at the end of the week or early next week. Fundamentally I am bullish on safe-haven currencies, and bearish on the Sterling because of the Delta variant...
Looking for a continuation of the downtrend the pair has been experiencing for the past few weeks. Got in on a short position as we rejected the 61.8% Fibonacci retracement level retested the previous weekly low. Fundamentally I am bullish on safe-haven currencies, and bearish on the Sterling because of the Delta variant and the delay of an increase of interest rates.
Looking for a continuation of the Dollar strength we have been having. Price had tested the 61.8% Fibonacci retracement level simultaneously creating a new lower-high. Looking for the pair to fall towards the weekly low we made a week ago. Setup is a nice 1:3RR, do not forget to use proper risk management as I am simply sharing my thoughts and I am not a machine...
Looking for a new lower low to be made, we could expect a stronger CAD in the upcoming days as Brent Oil might be headed to newer highs. Overall I am bullish on both the USD and CAD, but my analysis concludes we could see a continuation of the overall downtrend on the pair.
Price previously had a difficult time closing above resistance leaving huge wicks near resistance, shortly after price made a swing low and came back up today at the NY session. Creating a wick on the 4-hour chart and rejecting the resistance and the 61.8% Fibonacci level which was followed by a bearish engulfing candle. Our goal is to ride the way down towards...
Previous trade got stopped out, currently still short on the pair as I believe we will get back down to retest the 156.000 area. We're near resistance, take a look at the four-hour chart and you will see liquidity being picked up. From a fundamental standpoint, I am currently neutral on the sterling but bullish on safe-haven currencies.
Looking for a continuation of the correction we have been having. Price has been rejecting the 50% Fibonacci level, our goal is to try to catch the new swing low. From a fundamental standpoint, I am neutral on the sterling but bullish on safe-haven currencies.
Looking at a swing back to old highs after the bearish momentum from this month. RSI indicates that sellers are getting exhausted and we might see a potential trend reversal. I'm bullish on London and bearish on Tokyo from a fundamental standpoint. Hence my reason for going long on this pair.
The chart is making a nice Rising Wedge in an uptrend. I'll be shorting till the bottom, and try catch the breakout at the top.