NeoDaNomad

NeoDaNomad Updated 

I think we'll see a bearish start to the day. But that initial breakout will only complete the retracement we saw last Friday. The real money's to the up side. Stochastic is showing bearish divergence going into the London open. Long traders be cautious! it might be safer to wait for a break of structure down towards demand. See my weekly projection below for more...

NeoDaNomad

10 year bonds have been over bought for a while now, due to how well the Dollar's performed compared to other major currencies. A correction is definitely coming, but I'm not convinced it will be a major one. YES, the head and shoulders is there, but at the same time, there's so much support below the current price. I still think the Dollar's going to come back...

NeoDaNomad Updated 

Friday, price wicked off of the median price from the consolidation zone we broke out of the other week. Daily ATR is sitting at 103pips, Stochastic supports Friday's late reversal, but a little divergence would go a long way..still waiting on that. Scalpers should feel comfortable looking long on Monday. I'm aiming for the 1.06 mark on Monday. It would be asking...

NeoDaNomad Updated 

Last night, EURUSD was a solid short. See my last post for more info. No reason why we wont keep falling towards the low pivot line once we break out this range. 30 pips up so far, hopefully we can break out, because it's another 30-40 pips to the bottom of the channel.

NeoDaNomad

We finally broke out of that consolidation zone, and JUST when it started looked like the Euro was going to start free-falling...my stochastic started giving me strong buy signals...Right at the end of the week too, which sucked because the best entries to this upturn we've seen this past week came on Thursday and Friday 🤬.... Luckily, by Monday, the r-squared...

NeoDaNomad

Looks like we have an expanding wedge going into the London Open. Going off of the upward angle, there's a slight chance that we could see a bullish move going into the New York open. Going to have to wait and see.

NeoDaNomad

Last two days as it happend! The London session has set the tempo for the last two days. We've seen two major down swings starting from minute one of the London open, which North American traders were happy to continue. On Monday, we saw a break down into a consolidation zone which held for just over 24 hrs. By the beginning of the New York session, it became...

NeoDaNomad Updated 

Rising Wedge Broken! So far price has fallen out of this pattern, let's wait for the retest and see where price goes!

NeoDaNomad

OANDA:EURUSD Well...gut feeling we maintain structure and see a bullish move over the next 3-5 months. Then I could see price tanking from there. Too much resistance above 1.18. But there's no reason to believe it ain't tanking as we speak (it is) ...will the reversal come though? That's the real question. There's less than 5 days left on this 1-Month bar...