UJ Thesis - Monthly: On the monthly timeframe UJ market structure has been bearish for a whole year. Last month closed as a strong bearish candle after bouncing off 109.67 resistance. UJ could be ready for a huge plummet in the long term. - Weekly: For 6 weeks there have been multiple wick rejections off 109.67 resistance signalling sellers are winning...
EURUSD Thesis - Weekly: After rejection of major zone 1.1223 last week candle closed as a shooting star signalling bears are ready to push price lower. EUR market structure is still bullish so we need to be cautious. - Daily: Previous low was taken out after break below 1.1177 4hr zone with a bearish engulfing candle signalling bears could push EUR to as...
- 1hr: 1.1177 couldnt hold as resistance and broke above it. What is likely to happen now is that price will now test zone as support & because EU on higher time-frame is bullish we could see price reach 1.1280 resistance from here. Extra confirmation of bullish presence is an inverse Head & shoulder pattern signalling a reversal.
EURUSD Thesis - Weekly: After rejection of major zone 1.1223 last week candle closed as a shooting star signalling bears are ready to push price lower. EUR market structure is still bullish so we need to be cautious. - Daily: Previous low was taken out after break below 1.1177 4hr zone with a bearish engulfing candle signalling bears could push EUR to as...
GU Thesis - Weekly: For me GBPUSD is looking extremely bullish with weekly time-frame market structure being bullish. Last week candle closed as a hammer above 1.3014 signalling bears want to push the pound much higher. - Daily: On the daily time-frame market structure has changed to bullish after break above 1.3014 zone, because on higher time-frames the...
GA Thesis - Weekly: Last weeks candle closed as a bearish engulfing, engulfing previous 4 weeks signalling great bearish momentum. Price also broke and closed below 1.8960 changing GA structure to bearish after taking out previous lows. - Daily: After breaking below 1.8965 zone GA has now found new lows at 1.8670 support zone. What I now do expect to see is...
GOLD Thesis - Weekly: On the weekly gold market structure is currently bearish, with price below $1482 weekly zone. Last week candle had a long wick rejection off this zone for a 3rd week signalling bears want to push gold lower. - Daily: On the daily it looks like gold is about to complete its correction phase with one more push up to $1482 major zone....
GU Thesis - Weekly: Huge bullish candle broke above 1.2970 taking out previous highs keeping market structure bullish. - Daily: After break out of consolidation new highs were found at 1.3185. Its likely that GBP would pullback for a retest of 1.2970 for a recovery. Although market structure is bullish GU bias is still bearish due to pounds possible...
UJ Thesis - Weekly: Double top at 109.40 major level signalling that could be in control of the market on higher time-frame. UJ market structure is also still bearish, however we still need to pay attention to last weeks bullish engulfing candle. - Daily: Strong bearish candle broke below 109.40 major level taking out previous daily lows changing structure...
GOLD Thesis - Weekly: Last weeks candle closed as a hammer after rejection off major level $1450 signalling bulls could be ready to take control of the gold market on higher time-frame. - Daily: Double bottom has already taken place at $1450 major zone, with Friday candle closing strongly above $1459 4hr zone changing daily momentum to bullish. Next...
GU Thesis - Weekly: For the past few weeks GU was on a strong bullish run and formed new highs at 1.2980. From here i do expect a small recover phase for GU with previous 5 week candles closing with long wicks to the downside signalling bearish pressure. - Daily: Very strong daily break below 1.2890 zone changing market structure from bullish to bearish...
EURUSD Thesis - Weekly: EU market structure is still bearish. Huge bearish engulfing candle broke below 1.1086 daily zone signalling huge sell momentum. - Daily: Price has come back to retest 1.1086 as resistance after a break below. Also in confluence as a restest of double top reversal pattern neckline. Next possible target 1.0950. - 1hr/4hr: Now i am...
USDCAD Thesis - Weekly: Usdcad market structure changed to bullish after break above 1.3190 daily zone. Price also closed above 1.3190 weekly zone signalling usdcad is in bullish territory. - Daily: After break of major level 1.3190 i do now see USDCAD making its way to next possible target 1.3300. Market structure on daily the time frame is bullish for...
UJ Thesis - Weekly: Although last week candle closed as a bullish engulfing UJ is still very bearish with multiple wick rejections off 109.00 weekly zone signalling sell pressure creeping into the market. - Daily: With price taking out previous lows UJ market structure is now bearish. I do see UJ rolling over to the downside with next possible target being...