NZDCAD - Price has been consolidating for a long period of time and now we potentially have the breakout that we expect as price as respected the fib level 0.71% on the DAILY as our bias still remains bullish for this pair. I would personally Look for a clean 4H break and retest for added confluence towards this trade before entering this position. ...
EURCHF has been creating beautiful bearish market structure recently creating lower highs and lower lows. If we look at the weekly timeframe we can see we are testing the 50 Moving Average and i would like to see negative data release today for the eurozone which could enhance the chances of this being a monster of a short trade. Wait for added confirmations...
XAUUSD - Price action has been forming a Bearish market structure and has failed to break above 2036.165. With high impact news coming later today I expect the USD Bulls to take charge once again and push the price of Gold lower to our intended Target Highlighted. The wicks at 2036.165 shows us a clear indication that this commodity if overprice and...
XAGUSD Daily Time frame is looking ready for another pump on Silver. We can see on the higher timeframes ( Daily) that we have broken recent Highs forming new ones indicating a possible All time high come end of 2024 possibly. What we would want to look for now is the retracement areas 0.618% & 0.71% fib levels to get filled because these levels of price are...
EURAUD has been in a range for some time now but through market structure and price action we can see that the price level 1.66055 has been respected 3 times. This indicates to me that sellers are still in control of this market. We have also rejected the 0.50% & 0.618% fib levels as added confluence to our reasoning behind this potential set up. I am...
Time to rollover....USDCAD As we can see the daily chart shows us the sellers are very much in control. we previously have formed a Head & Shoulders Pattern with strong bearish sentiment breaking market structure confirming sellers are still in control. now lets see this rollover to target previous lows!
GBPJPY - Short Idea Price on the 4H timeframe recently broken through a key structure level. Price has made a slow corrective move but up in to a discounted area of price. We have also noted on the 1H TF that price reacted and swept into a Strong OB which caused the higher timeframe Change of price to switch to bearish. Note we want to see price spike...
EURNZD 4H PRICE Action - Continuing the bearish order flow. - Price has tapped perfectly in to our Fibonacci levels 0.71% & 0.79% levels with bearish price action indicating a possible continuation to the downside for this pair. Target will be the -0.27% fib level. Stop Loss will be the previous high.
GBPAUD 4H - Just Follow the trend... - This Corrective nature GBPAUD has been forming recently is adding up more confluence that this pair will effectively dump once again I personally believe. - We do have a nice Supply Zone sitting inside our fib levels which is added confirmation to place a limit order at both fib levels 0.71% & 0.79% fib levels for...
EURGBP Sell Idea Very Similar to EURAUD Trade we can see the same price action happening with this pair too. - One - A key factor on the weekly Timeframe, we are currently rejecting the 200 MA. - Two - We have swept previous highs and sharply moved price action bearish leaving huge imbalance/FVG behind to be filled. - Three - Our Fib Levels line up nicely...
EURAUD 4H - SHORT IDEA Can we see furthermore downside potential for this pair as the eurozone is not improving their economy... Higher Timeframe bias is key as it provides added confirmations in terms of the market structure. In this short position, we have multiple confluences stacked up in our favour to take price lower and create a new low. We are...
GBPCHF 1D What's next for this pair as both currency's are performing poorly.... My bias for this pair is bearish. Currently we are ranging but what I would like to see is if we can get some bullish momentum to the upside in this expanding triangle to complete wave B into our fib levels 1.12796-1.13326 region. Can we see Swiss Franc push this...
GBPAUD - Daily Chart - As we can see, price has completed its 5th wave. - We have a shift in price action which indicates & price is in a corrective wave. - An ABC Corrective falling wedge forming. - My personal interest will be in and around the 61.8% fib levels for potential buys. - Key Level to watch 1.90619 - Another confluence is we have the POC (Point Of...
GBPJPY Under pressure as the Pound is Losing momentum! We can see a change in structure to the downsides on all GBP pairs, so we follow the momentum within this trade as price as traded back into the FVG it left behind the impulsive bearish leg to the downside. 71:00% & 79.005 fib levels are both good entries. Target 1 will be the previous low Target 2 will...
EURAUD 1D The overall trend is bullish as price is clearly creating higher highs and higher lows, so this is our first steps in determine our bias for this pair. As we can see the previous Daily High was broken with an impulsive bullish Momentum creating that new high. Current price action is in a correction phase as we can clearly see the slow...
USDCAD 4H Long Set up. The 4H price has swept the previous 4H low & then reacted swiftly indicating this was a low liquidity raid on previous lows. After the sweep of this low we can see price has had an impulsive bullish momentum leaving clear imbalance behind indicating price action will slowly return to this area to fill the gaps as we can see happening...
GBPUSD 1H - Sell Multiple Strong wick rejections at the 61.8% Fibonacci Level. i personally believe we may get the push to the downside in the morning with the GBP News Release coming out negative enhancing or probabilities a solid trade. I will need a clear break of the level highlighted before entering a position short. targets the previous bottoms &...
AUDUSD seemed to have gained momentum earlier this morning during the Asian session but as we can see price is currently testing the 0.79% fib levels and also testing the the top of the VWAP. If we can get a strong 4H bearish candle closure with high volume i will be looking for the continuation for more selling pressure for this pair. Don't forget the...