For questions, comment here or email managingtrader@md13financial.com
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Much smaller week in terms of pips than recent previous weeks. Week also closed bearish with more exhaustion from buyers and valuable seller momentum. Fundamentally on Brexit, we are short. From the daily we see a prominent bullish leg that is currently looking to pullback into 135.735 to print a new HL. There is breached supply in the area and 135 is a major QP...
Not as clean to my eyes as GJ on the weekly. Weekly still pushed to a bearish close and percentage wise gave us a nice retrace from previous week's price action. On the daily our HH has printed and price looks to retest somewhere in the 1.2500s, the closest being 1.25818. There is a generous possibility we could test 1.2550/1.2500. On the 4H, GU is further along...
AU has formed a beautiful double bottom on the weekly (look out for retest on that double bottom neckline this week or next). Last week we had a necessary pullback throughout the week to match daily market flow. After returning to 0.68103, we look poised to push up once again towards 0.6900 and 0.7150. From the 4H, we do see exhaustion on the proper side and a...
Big bull from the weekly timeframe. 4 straight days of bullish price action breaking the neckline of an ugly double bottom. Last day did close in momentum. 4H shows exhaustion but that exhaustion would be covered at 121.35. Fundamentally we could be looking at gaps to lead short back into 120/119.704
2nd week of big bull. Bullish from the daily as well even though sellers made multiple attempts early in the week but buyers took over by week's end. Currently we are trading within a 4H supply zone that I will be monitoring closely. No setups as of yet. Also for my specific strategy, I have noticed that price likes the H1 timeframe more than the H4.
Bullish close with momentum to close the week. AU is also working a weekly double bottom (neckline at 0.6900). We have had 3 straight bullish days and the momentum may very well continue. I would definitely like to see price retest 0.68102/0.6800 before reaching 0.6900 and 0.7150 respectively.
Huge bullish weekly close and we have reached 140.00. From the daily price action, price has been super clean. There are signs of exhaustion as GJ comes into contact with daily supply once again. Fundamentally, UK Parliament is once again dragging their feet and pleading for an extension. As of now I see short and this view will be based and adjusted to market...