This is a follow-up of the prior pre-open videos that analysed AUD/USD and the US dollar to start the week. The bias is to the upside and we talk about levels of interest.
So, scaling into AUD longs as the prior videos have been explaining as the price action and market structure unfolds, albeit ever so slowly in holiday markets to start the week. The video identifies the key levels and thesis behind the set up.
AUD/USD has dropped along with a bunch of other pairs vs the greenback in the open. Risk a little on the bullish bias to close the gap and let it run at breakeven. Go check the other pre-open video for the bullish thesis. Cheers!
The price of AUDUS is balanced around the 0.68 figure and should support hold, or even the 0.6775 level to the downside, then there are bullish prospects towards the mid-week highs on the way towards 0.6880/6900. The Shark on the following US dollar chart is also adding fuel to the bullish bias in AUD/USD. The video explains the bias...
This video explains the thesis about short eurjpy. We have the aftermath of the NFP, yen in play and a weaker US dollar but the set up is key and so are timings in this regard.
this is the final video demonstrating the trades in real-time for eurjpy. this is the final part of a series of videos explaining the setups and approaches to the market today. the exit a few pips away from target was due to the eurusd running into demand and feeling best to get out ... was a good move in hindsight as the pair corrected sharply thereafter as shown...
this is a follow-up to the original analysis on the eurjpy with the market playing out as expected and trades running. there will be a follow-up to this to show how there is always another opportunity around the corner. we are waiting for the next scalping set up while one has already hit a "r profit, the day trade is now at break even and running well.
This is just a brief update to the prior video explaining the bullish thesis and support of the W formation.
EUR/USD remains above a key support area of 1.0000. The following illustrates the upside bias so long as this support remains intact for days ahead with a focus on 1.0120 on a breach of 1.0080.
Gold has been triggered. This is part of a running series of short videos from Asia open today that you can go back and track the analysis and motives for the entry... US dollar is a little sleepy but broadly bid so hence shorting gold on a scalp.
As part of a series of short videos, this is just an update explaining where we are in terms of seeking to scalp the bearish landscape for the day ahead. It also talks about the gold trade that we got triggered into as the US dollar bulls take profits and pack up for the day ahead of Frankfurt later on. we want to see dollar supported, or otherwise, it all goes...
USD/CAD has been melting to the downside following the bull's capitulation out of a rising trend from 1.3060s resistance. The following illustrates the bearish bias as part of a running longer-term analysis but offers prospects of a scalp for the day ahead as part of the process of taking this down to 1.2850...
The video explains the opportunity on the downside for the session (s) ahead given the test of a 50% reversion on the daily chart, and the hourly Gartley break of trendline support and structure.
USD/CAD has been melting to the downside following the bull's capitulation out of a rising trend from 1.3060s resistance. The following illustrates the bearish bias on the 4-hour chart. The price rallied into a well-respected resistance zone and has been in the hands of the bears since the start of this week. The market left behind a harmonic pattern in the same...
AUD/USD has made a peak formation on the hourly charts with a move below 0.69 the figure from where it has formed a peak bullish formation and bulls will be looking to engage from within 0.69 again for a bust higher over the course of the forthcoming sessions. The money is above the various swing pints on the hourly time frame. The Gartley pattern is a bullish...
The Gartley pattern offers resistance around 137.50 which leaves the focus on the downside and back towards the pattern's neckline. This also aligns with the W-formation's 38.2% and 50% ratios. Zooming down to the hourly chart, we can see that the price is moving out of the bullish trend. Zooming in further, we can see the price is attempting to move out of a...
Bloomberg's article circulated the wires as the Tokyo session opened that reported on President Xi Jinping's and Russian leader Vladimir Putin's plans to attend a Group of 20 summit in the resort island of Bali later this year, Indonesian President Joko Widodo said. This sent the US dollar higher but has offered an opportunity to fade the news from a seriously...
NZD/USD bulls could be about to step in following an early Asian slide due to the trade deficit hitting a record high. Tokyo will be an interesting feature in today's market. If the equities start off on the right foot in Tokyo on the heels of a positive close on Wall Street, then we could see a move higher in the kiwi. Looking for a bearish correction DXY as...