PengyTrades

PengyTrades

Very strong downtrend bias on all time frames. this pair could potentially keep falling towards the last previous low either on the daily or weekly near 1.04737 before it bounces up. In the meantime you could wait for a pullback on the hourly or 15min chart where price pulls back and becomes oversold & rejects a bearish order block like it did yesterday

PengyTrades

Buying pressure due to strong US dollar recently, indicates USDCAD could potentially rise. All higher time frames show this pair is on an uptrend. due to high impact news coming up this week trade with caution or use tight stop loss

PengyTrades

GBPJPY has bounced off discount zone and broke out of a bullish orderblock. It's now ranging in an area where there is a lot of buying volume. indicating a potential rise to the next orderblock. In my opinion you could wait for another pullback to retest the previous bullish orderblock then enter or enter now with a stop loss below the bullish orderblock or...

PengyTrades

long bias in the daily chart. In the 1h chart we have an orderblock rejection indicating a potential upward momentum towards previous high

PengyTrades

GBPJPY has retested the previous sell orderblock and has printed a bearish pin bar on the 4h chart. It could be potentially moving down the green orderblock where the last price pivot occurred at 195.352

PengyTrades

EURUSD setting up to go long on rejecting both discount zones on 1h & 4h charts. On the 1h chart its bouncing off a swing order block. potentially heading up to 1.08220 if it breaks past 1.8220 it could travel higher to break previous highs on the daily & quarterly

PengyTrades

EURUSD is consolidating around 50% area near weekly high on the daily chart. In the hourly chart we get a pivot off the SMC premium area and price has came back up but failed to break through the order block and has rejected it followed by a bearish candle. Our indication is EURUSD will potentially fall to 1.0861 Due to high impact news we will just watch how it...

PengyTrades

AUD bouncing off discount zone with a potential rise to orderblock 0.66452 on the 4H