Gold has provided us with a nice confirmation following strong daily bullish candle and an uptrend on the 1hr giving us an entry to trade the newyork session.
Audcad is in a strong bearish scenario from the weekly timeframe to the daily down to the 4hr timeframe which we can see a clear downtrend meaning the bears/sellers are in control. On the 1hr we can see a double top pattern has formed and its neckline was broken and retested thereby the market giving us a good bearish engulfing confirmation to sell with our next...
NZDUSD reversed on the daily and showed momentum to the upside and now it has shifted structure to an uptrend on the 4hr and 1hr timeframe thus providing us with a confirmation now.
Gold has broken structure on the 4hr timeframe as well as the bearish momentum it has gained on the daily bringing it back into the ranging zone on daily with a very strong rejection on the weekly timeframe. we can see the right shoulder of a head & shoulders forming on the 4hr and a bearish confirmation signal on the 2hr which shows it is ready for a massive 700...
Given the beautiful test and retest of a strong level of resistance on nzdusd daily timeframe which has been tested multiple times and proven to be strong, i expect strong selling push to the downside for a 90pip sell move after the break of structure and retest with a double top confirmation on nzdusd.
I'm expecting gold to roll over to $2266 per ounce area after an impulsive leg down and a breather(retracement). we can see that momentum is back into the market after the 4hr bearish shift in market structure and after the bearish candle printed on last weekly candle it is expected to see a heavy bearish move to the downside tomorrow and friday. Trade safe.
Eurusd heading down to 1.07300 level after a rejection of daily lower high trend
AUDUSD had a break of structure on the higher time frames such as 4hr and daily and has retraced back into a strong support level at 0.64800. It has provided a bullish engulfing confirmation on the 1hr with a double bottom break and retest of its neckline on 15min timeframe therefore making it a good opportunity to buy now and if 0.65370 level is broken we will...
EURJPY has made a new high this week, and going into next week i would be expecting the start of a deep retracement on the daily hence going to start shorting after the support at 157.900 is broken and tested as resistance for a 170 pips sell move.
GBPUSD is at a strong support on the daily timeframe which has been tested multiple times and held strong. I expect a bounce off to the next 4hr resistance at 1.27800 level which is a 100 pip move from its current level. Trade safe.
We will continue heading downwards on EURGBP since it has presented us with a bearish confirmation as the overall trend is a downtrend on the daily and 4hr time frame. I'm will be waiting for a retest of my 0.87500 zone to enter a short trade to 0.85850 as target area which is a 150 pips trade.Trade one pair at a time!. Dm me for buisness enquiries.
I will be waiting for a retest into my zone if price breaks below and will short down to 1615 target area for a 400pip swing ride.
I will be looking for a bearish confirmation around this area at my zone 1.14000 which is a psychological level and a weekly tested area since we did'nt get a short confirmation on my previous GU analysis. Target is1.09000. Always react and adapt to the market accordingly guys.
A thesis on sterling, expecting a push downwards to 1.09000 after a retest of my resistance zone.
After that heavy bearish move on EURUSD daily time frame confirming the continuation of the overall bearish trend, i expect eurusd to roll over to 0.98000 which is a psychological level if that small 4Hr support zone at 1.01200 is broken.
EURGBP on a bearish trend continuation, sells are back into play after breaking and retesting our mini support zone and is now heading towards 0.83400. I now expect a shift of structure on the 4hr timeframe.
NASDAQ just provided us with a long opportunity for a 400 pips run towards 13500 level, the momentum is still on the bullish side even though the overall weekly trend is still bearish.
EURUSD finally had a break out of the consolidation zone, gave a retest and just gave us a solid opportunity to go long with the target being 1.04332. A 1 - 2.5 risk/reward trade of 125 pips.