GBP/USD is under pressure but bulls are moving in and there is a scalping opportunity to be had. The price is in a phase of accumulation, moving out of the resistance trendline. Should the bulls stay in charge, then the scenarios in this video could play out in either an imminent breakout of the structure higher or a protracted phase of price discovery...
This is a short video to demonstrate a particular process to fade rallies. However, in this scenario, the market did not give us the entry we wanted, and the price just melted its way to the target without us = but that's ok, you win some, you lose some, and some just pass you by. The important thing is to have a rule-based strategy and play the probabilities -...
The markets were stubbornly indecisive in Tokyo during the equity hours and there was no follow-through. The video explains the outcomes. Gold was moved to breakeven given the DXY W-formation..
The US dollar has corrected higher and Tokyo is buying in. This is seeing USD/JPY correcting higher and I believe this could be the makings of a significant bullish correction as the video explains.
This is an update to a series of videos and analysis of NZD/USD using the TV paper trading facility. Time to be moving to breakeven.
Tokyo has come back online and has triggered the sell limit order
The gold price is offered and there could be a move to 1775 occurring at the moment. The following is a short video, albeit a touch late due to poor internet connection and failed first-time attempts to post prior to the Tokyo open, but opportunities are night nonetheless.
NZD/USD bulls have been stubborn so far, but I think there is an opportunity here for a move within a 50 pip box between 6450 and 6400 for the close this week. The video explains the thesis. The 15-minute double bottom lows are not encouraging, however, for a tight stop loss, so I will be monitoring this correction for clues as we go before pulling the trigger...
NZD/USD is stacking up for a downside correction with 0.6350 eyed as a potential support area that could be met should the bulls continue to throw in the towel following Wednesday's surge related to the US CPI data.
Gold Price Forecast: XAU/USD bulls got free drinks on the house, but hangovers could await them. As illustrated, the price has run up to the 61.8% golden ratio where some profit taking would be expected to occur. A build-up of supply could pick up over the course of the coming days and weeks ahead resulting in a topping of this correction of the M-formation's...
The four-hour chart's outlook is bullish while above the recent lows and would be expected to see the price rally towards the area of imbalance, as per greyed area on the chart above. On a break of support, however, the W-formation's neckline and point of control could be targetted for the sessions ahead.