Generally Bullish on Major trend with Expected Bearish retracement for the week Target levels listed on chart
Generally bullish over the short term, Long term still bearish Watching out for the reaction on the key interest area to decide further
Analysis On Gold for the Week ahead. Overall Bearish Bias if USD continues to strengthen.
USDCAD has been making higher lows in the recent week, however I've noticed it has been trading in a consolidation There are 2 entries here where the aggressive one is based on these confluences: Retest of Trendline Test of 61.8% Fib Higher Low Created Bullish Engulfing/Momentum Candle Conservative entry would be on a break and retest of the consolidation box
AUDUSD has been trending lower while making bearish structure last week. I entered for a sell on the Bearish engulfing momentum candle off these confluences: Retest of the Trendline Test of 61.8% FIB Lower High Created Bearish Engulfing
Entered a aggressive market sell on a bearish engulfing and bearish structure Reasoning (Medium Conviction): There is an imbalance in price from the previous bullish run Price tested and rejected order block Price tested and rejected 61.8% Fib Level Price tested and rejected level 1.16000 Bearish engulfing candle Moving average crossover & Rejection on...
Overall trend is still bearish with a expected retracement before a continuation towards the downside. I'll be looking to tell around the retest of level 1.16000 towards previous lows and potentially level 1.15000 (Lines up perfectly with the -27% fib extension. Look out for bearish structure/pattern/candlestick forming on M15 or set Sell limit
From a technical standpoint, I've noticed a recent break of structure and price formed a lower high with a retest of level 1.36000. I entered on the M15 when price formed a bearish engulfing and a minor lower high. Overall I would be aware of TP 1 & 2 for any rejections. The overall take profit would be place at the previous liquidity/demand zone (Expected to...
The initial reaction on LON open was a strong bearish push and I do expect price to retrace to either : - Retest the trend line or - Retest Level 0.72500 Extra Confirmations: Bearish Candlestick rejection/Structure/MA Crossover/MA Retest The target would be the previous low (Order Block + Level 0.72000 and Liquidity zone) & Possibly Lower Suggested to wait a...
Price is currently testing the 0.93000 level and previous Order block I will be looking to go short provided: Evening star formation or any other bearish candlestick patterns Rejection at level 0.93000 Rejection at order block Long Wick rejection of previous high Break of counter-trendline Weakness of USD on the DXY (Rejection of resistance)
As price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today. Buy on the retest of: Trendline Level 1.36000 Minor Order Block ...
Price has recently tested the long term bearish trendline and has also tested the 61.8% Fib level. I will be looking to go short on a combination of 3 or more of these confluences: Break and retest of level 1.36000 Break and retest of Bullish Push Line Bearish Structure Bearish Candlestick Pattern Moving Average Crossover Strength on the DXY If...
Overall USD strength is still Bullish on a technical standpoint Price has rejected the previous zone as forecasted yesterday. However we aren't 100% in the green for the USD just yet; It has to break above the white supply zone before we may see good USD strength. Watch out for the upcoming days and news releases also.
Overall trend of EURUSD is still bearish and has just recently tested the FIB golden zone (50%-61.8%) However, I do expect price to retrace to form a minor structural lower high before going down. I would be entering for a sell if 3 or more of these confluences are met: Break and retest of counter-trend line & previous minor high(Aggressive) Break and...
In a nutshell, the overall Trend is still bearish and with the upcoming RBA statement in the coming few days. Fundamentally, I believe the USD will remain stronger than the AUD and it would take a big change on both economies to completely reverse the bearish trend. However, beware of the volatility that may come with NFP and the RBA rate announcements. Sell...
Price has broken long term bearish trendline signifying a change in trend direction (Blue) Enter continuation buy on these confluences: Test of Bullish Trend Line Break and retest of Counter-Trendline Retest of Level 0.93000
On the large scale, The overall Trend is still Bearish. However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY; Thus, I will expecting a retracement towards the area around level 1.36000: Confluences at level 1.36000: Previous Flip Zone (Red) Fib Golden Zone (50%-61.8%) (Gold) Test of...
On the large scale, The overall Trend is still Bearish. However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY; Thus, I will expecting a retracement towards the area around level 1.16500: Confluences at level 1.16500: Previous Flip Zone (Red) Fib Golden Zone (50%-61.8%) (Gold) Test of...