Currently after the drop…I see euraud started to react to the upside from the obzone. Personally I bought on imbalance zone. Currently market is reacting from better bargain, from the ob zone. This is worth to take chance I think. And I have defined the invalidation price as well. Trade with care and your own risk management. All the best. Cheers
The pair has potential to move up after the expanding flat correction. I have drawn the invalidation level and the target profit zone. Personally I go for moderate take profit. Trade with care Guys. May the pips be with you all. Risk management is everything.
EurAud is another pair I look for this week. Personally after the bullish impulse to the upside, I am waiting for the pullback. Best discount price will be 4hour ob zone. Or minimum to enter at 1 hour ob zone. The stop loss should be below 1.64444. Trade with care. Risk management is everything. May the pips be with you.
The war has pushed gold up hardly. Personally I would suggest no fomo guys. Wait for the pullback minimum to 61.8% retracement, MINIMUM! The best case scenario either 4 hour imbalance or 4 hour ob zone eto enter with stop loss under 1867 level to target all the way up again to minimum 1950 level. Anyone shares the same thought? Trade with care. Risk managememt...
I mark the sequence of my analysis. The conclusiom is toward upside with clear invalidation level for this scenario. Trade with care. May the pips be with u. Anyone shares the same thought?
Currently we are at ob zone of xauusd. The invalidation level for this scenario is 1804. So buy is my only plan for the moment. Anyone share the same view? Trade with care. May the pips be with u. Trade with care. Risk management is everything.
Us30 for h4 chart I see potential upside all the way to be back to 35k level. Expanding flat indicates the current corrective structure is finished. Invalidation level is below the red horizontal line. May be pips be with u. Trade with care. Risk management is everything.
Here’s my opinion regarding oil market. I am still looking for the buy with clear invalidation level, below 77.55. Target all the way up to above 90 level again. The entry optionals are : 1. I imbalance area 2. II imbalance area 3. Ob zone. Risk management is everything. May the pips ne with u.
All of fx traders for sure have witnessed how long usd rallies vs jpy. Fed keeps raising interest rate and BOJ on their mode to keep ultra soft policy. As there’s saying there’s nothing permanent. Personally I look forward to the huge downside move of this pair. Currently it is running on 149 level. I’m not interested in buy as sell provides better...
Yesterday I entered long for GbpUsd. The R:R is quite good. Min 1 to 2. Whenever price hit the imbalance zone of 4 hours chart I plan to take 50% off from the market and leave nother 50% at break even and let the market unfolds. Who share the same thought? Trade with care. Don’t jump in. May the pips be with u. Happy weekend.
For this set up, I have defined the invalidation level. It is the high of wave 2 (1735.03). If this set to is about to be true then we have ended wave 4 (yesterday high 1729.41 according to the chart I am using here). And we could be otw to wave 5 which wave 5 usually inverse fibo retracement 123.6-161.8% of wave 4 (1587-1543). Wish u all have a good trade.
With hawkish tone the market is still betting that usd will get stronger. And it would put pressure for commodity such as gold. So for this week there's possibility for gold to break down lower again. I would prefer to wait to buy. The appropriate level in my opinion to buy with quite low risk for gold this week is whenever gold break below 1600 level. It would be...
Gbp did drop massively this morning in Asian session. But somehow GBPAUD rebound to 50% fibo level as it is shown on h1 chart timeframe. In my opinion for pair like gbp, the worst is far from over. So the rally in my view is good chance to sell. My stop is around 1.6645-1.6650 with the tp around the low of today (1.59xx area).
If this pair rally really stops at 61.8% area then any breaks below the trendline should offer decent movement to the downside. Wish u all have good trade.
As this pair keeps forming lower low I think it is better to trade this with sell position. Sell the rally would be a wiser approach. Area sell is would be around 1.11906 (senkou a), 1.13621 (senkou b) or sma 50 1.14323. Then what if the price keeps breaking low without correction? Everytime it forms new low if you wanna buy it, risk only 1-2% from your capital....
after quite long rally, in my opinion eurgbp has potential to correct toward between 61.8-38.2% of fibo retracement area (red rectangle zone). I wish you have a good trade.
D1 chart is still bearish despite yesterday spike. From lower TF chart m15, just now the chikou below the cloud and the candle currently running below the cloud. It is bearish indication. Stop for this trade is around 1730. With the potential target profit around 1710-1712
From 2h chart us oil is looking good to at least retest last time low, 81.18. But this time it could be more than 81.18. My personal target is between 100% - 161.8% of fibo expansion (78.69-71.46). Between that range could be the profit target zone. Stop level is somewhere ABOVE 88. I wish u all have good trade.