The price has bolted so no entry here, but worth illustrating and noting that thin markets in Asia cannot be ruled out!
GBP/USD climbed the stairs and could be about to go down the escalator as per the following MTF analysis. Please note, the daily chart reached 78.6%, not a 61.8%....I measured it wrong...so that's even more bearish for the open.
The video is a pre-open analysis for the week ahead (Week 1, W1) that highlights key structures on an MTF basis. USD/JPY is stuck in a range following 4 levels of rising and could be on the way to 1998 highs. I am neutral on this for now and I see both bullish and bearish scenarios but I lean with a bias to the downside. We will need to wait and see what the...
This is a follow-up of the series of videos relating to the NZDUSD trade that blew off outside of NY 12 candle window... oh well, you can't win them all...or maybe we can?
As part of the STACEY BURKE TRADING series, I'm offering the community my template of indicators to help you get all set up for analyzing the market structure on any given week, day, or session. You're welcome!
This is part of a series of studying Stacey Burke's methodology and putting it into practice as best as I can as I go through the material, learning and paper trading as I go. This is for my own reference really but would be keen to collaborate with others who also follow his methodology. Anyway, this is NZD/USD ''scalp'' to the downside, trying to apply his...
There is no audio to this analysis, as I manage to destroy my machine over the weekend so using a meanwhile old MAC that does not do the job. Anyway, you should be able to get the analysis from this video by visual representation of the structure on the daily and hourly charts...
EUR/CAD is presenting a potential shorting opportunity from both a swing and scalping perspective. The Tokyo session could be where we see the action for the scalp and London for the swing trade. In this video, we are looking for an entry on a break of 15-min support structure to target the double zeros to the downside.... This is part of an ongoing analysis...
EUR/CAD, to me, is fundamentally bearish as well as technically and this video explains the bias from mostly a technical perspective. I will update the fundamentals in the updates below. Technically, waiting for another 15 min break of 1.3135 on a closing basis to trigger shorts into the market and will then assess things from there. We can approach this from...
I figure that in an inflationary environment, the cad and commodities should outperform ... the euro is trash right now and there is no telling what Europe will make of the moves post the NY session's mega volatility. if I had to pick a currency i would choose the greenback and given the market profile of eur/cad, with the path of least resistance to the downside,...
The following video is taking into account the breakeven positions on Tuesday's sell-off and the trade is going for the money, albeit against the grain. That being said, if the IUS dollar sells off, the euro will spike. Breakeven will be key in this trade if we can get to that...will update this at some point.
The price has broken the support, so the emphasis is on the downside to the target at this juncture...this is part of a series of videos....tracking the progress and price action
The video is the start of a series of videos explaining the thesis for shorting usdjpy into the support quarter of the 143 handle in the Tokyo session.
The Aussie has been down to a key area on the charts. We have resistance around 0.6735 as the price currently takes on the -38.2% extension of the prior bearish impulse. Above the resistance, eyes will be on the 0.6775 area around the Wall Street opening highs.
The market keeps lifting the offer in USD/JPY which is now taking on the laws of gravity and denying hungry bears a free lunch. Instead, the price has skyrocketed through 143.50 to score a fresh bull cycle high of 143.59 ahead of the Tokyo open. On the look out for a peak formation to short.
The Aussie has broken last week's and month's lows and sellers are in the market. This means I'm near-term bullish from the 6725s and I look for a significant move higher over the course of the next days. The video explains this outlook and I'll be looking for trading opportunities over the coming sessions to the upside before looking for shorts.
AUD is bid and taking on a critical resistance as per the inside bar setup on the 15 min chart. A break of 6813 could be an opportunity for the quarter level , 25, for the open and a 2R outcome as the video explains.
This is an update to the AUD trades which are running nicely within a bullish setting ahead of the RBA today. There are a few videos I posted b4 hand that explain the thesis for long AUD and prospects for a softer dollar over the coming sessions. Also, watching Kiwi once aud are breakeven or target hit....set up on the 4 hour for 5 min scalping in hours...