Ocean98

Ocean98

XAUUSD looks bullish for the week ahead, the market has been in a down trend for some time, but we saw how it failed to create new LL between March and April, which resulted in the formation of a double bottom, after that we saw the market pushing up higher impulsive and Violated the previous LL structure, it then went straight to previous LH. Looking at the...

Ocean98

GBPJPY is still bullish, we have seen the HL formation on 4h chart in an ascending format, possible push to all time high but it is wise to look at the Current High of the market then the second High of the market

Ocean98

XAGUSD is in a bullish trend, the market has been ranging forming a potential ascending triangle. looking at the structure we haven't been forming any new highs but we have been forming higher lows, using the counter trend and the imbalance candlestick i would wait for a clear indication of bulls in the market to swing trade this commodity back to its all time...

Ocean98

GBPJPY is bullish, the market has formed a new HH and came back to retest the previous HH, creating a HL, Looking at the current structure it would be nice to wait for clear bullish confirmation on 4 hour to daily timeframe, if the market breaks and close below our higher high then a bearish move can be seen

Ocean98

EURUSD Has tapped into the all time higher and created a reversal structure indicating a bearish cycle, the market has failed to create a new higher high and formed a lower high, looking at the current structure we can simply anticipate the next bearish push back into the Lower low created and mind you the sell can be extended back into the holding higher low. i...

Ocean98

AUDUSD is currently in a bullish cycle, looking at the overall structure the market could be making a pullback to form a higher lower by retesting the previous higher high, but if the market closes below that area then i can consider that the bearish cycle has started, looking at current structure, the current lower low formed can hold the market or the sell can...

Ocean98

USDCAD has shown some great potentials for a change of structure, the market tapped into the weekly level then gave us a strong impulsive candlestick to the upside creating the Lower high which can be a Higher high of the market depending on whether we form the higher low or a new lower low is the coming days. i still consider USDCAD bearish until i see a...

Ocean98

xagusd outlook

Ocean98

EURGBP SHORT

Ocean98

Pound is looking solid for a bull run to resume, the market started off by breaking all time HH to form new HH then came back to retest structure forming HL the pushed through for new highs but the bulls lost momentum along the way allowing bears to take a bit of control in the market by pushing it back into the smaller BOS or 61.8% Fib level forming HL, perfect...

Ocean98

GBPJPY could be cooling off a bit after tapping into the strong level, i do expect the bullish momentum to resume after retesting the previous HH creating a HL. and yes the is a possibility of that the marked area could hold the market and resume the bullish cycle,thus it's better to let the market play out and give us direction.

Ocean98

USDMXN is bearish but the market is being very corrective on the BOS or weekly level, the market retrace back into previous LH but all that depends on how it react on the market area of interest, a close above it could be signalling a bullish cycle but a close below could be indicating a bearish pressure, It's always Good to wait for a clear move to avoid being...

Ocean98

USDZAR is bearish in overall trend but we are currently looking at a pullback,where by the market will be retesting the formed LH on 61,8% Fib level and also adding confluence is the bearish trend line( our trend line simply indicates a 3rd touch confluence) is it possible to see a change of structure or just a continuation of a sell. Focusing more on what we have...

Ocean98

USDCAD is in a downtrend which means the overall trend is bearish but on current structure we are looking at a bullish market with a possible pullback to form a Lower High on the 61.8 Fib level, Nice BOS on the Weekly time frame with a retest candlestick in play. I am bullish on USDCAD and i would be scaling in to 2H timeframe to find Long entries

Ocean98

Dow has been bullish for quite some time and based on a Monthly time frame, it normally pushes up for 5-8 months so a bearish move can be expected from now on but regardless of that the market is still bullish , with the flat flag formation just after breaking previous HH, and we can also see the slow down in momentum for shorts in the market on daily time frame,...

Ocean98

XAGUSD is currently in a bullish momentum, the market on higher timeframe shows a possible formation of a bullish triangle as it is forming a series of HL but fails to form HH, Looking at current structure we can see that th e market has broken out of the Flag flag formed and printed a HH, after that the market pushed back into the Resistance area/BOS possible to...

Ocean98

US30 is currently bullish, the market has broken out the previous lower high after generating a spike just below the area of liquidity, it wold be nice to see a continuation pattern or retest of structure before taking Longs. i do anticipate a bullish market until new Highs are formed

Ocean98

US30 did play out as predicted but the question stands, can it sustain the bullish move even on this month, today we saw bulls taking control over the market during London session but on NYSE we saw a down fall which violated the previous HH of the market, which could be a potential retest of the BOS but it all depends on whether the market will break and close...