TKProphet

03:02

TKProphet

FX:USOIL USOIL has been on a steady downtrend and now we are faced with another potential bear flag. Recent price action may have left us a opportunity for a entry on the sell. I'll set an Limit order to see if price will retest this level before the fall.

04:18

TKProphet

We've reached an area structurally where something has to give on Gold. If price breaks the highs we could see a continuation of the uptrend. On the other side of the coin the 200 day EMA is right above price on the 15 min time frame. If a rejection occurs we could see a pull back to the 50 FIB.

01:55

TKProphet

Usoil gave us a nice pull back last week forming a potential bull flag. With the break of this structural level of resistance USoil may continue the uptrend.

06:32

TKProphet

FOREXCOM:XAUUSD Gold has been on a beautiful bull run and the questions is when will she run out of gas? After breaking above the previous highs at the 2590.12 area, we witnessed another impulsive move. Now, price is consolidating on the 15 min with bearish divergence printing on a few different time frames. The momentum is still bullish while price action and...

02:06

TKProphet

FX:AUDUSD This pair created a really strong uptrend until this point. Last week price stayed within range most of the week. Let's see if the market has created enough liquidity to break the lows. Depending on the strength of the momentum when price retests the highs, we could also see the formation of a Bull Flag. To be safe wait until price breaks above the...

02:59

TKProphet

FX:AUDCAD On the higher time frame price shows a strong uptrend on this pair. With the current condition, we may be in for another impulsive move. The question is will the trend continue or will the market pull back? Looking at structure in this area as long as the highs are not broken there is a good chance that we will see a slight pull back before the...

03:45

TKProphet

FOREXCOM:XAUUSD What's going on? Through the strong move on Gold to create higher highs we have a few bearish sign. We have bearish divergence being formed showing possible signs of fatigue in the market. On the 4 hr time frame we have a potential double top being formed showing us the early stages of a reversal. On the other hand, if Gold manages to create a...

20:00

TKProphet

Let's do a quick market review during the London session. I look through our winning trades to show how we took advantage over a few quick sells and a few potential setups. (😒 My apologies I forgot to turn the mic on.)

TKProphet

The dominant trend so far is to the downside with USOIL. If price holds at this resistance we could see a continuation in the current downtrend. Pice also created a double top above the highs, so this sell may not be long term. If price fails to hold at this resistance level we could see a retest of the double top before we see a change in direction with USOIL....

05:11

TKProphet

OANDA:US30USD Taking a look at the 2 hr time frame. I noticed that price created and confirmed a double top, which is a top reversal. Also at the closest structural level of support price also formed a inverse head and shoulders pattern on the same time frame. In this battle of patterns, let's see if the double top holds after being retested by price. If ...

05:10

TKProphet

FOREXCOM:XAUUSD We've had a steady downtrend with this pair and not many pullbacks. With the wicks printing on the last few candlesticks, it's possible that the sell may be running out of steam. Let's watch this level closely, if this structural level of support holds up, we could see a reversal in the downtrend.

01:56

TKProphet

FX:GBPCAD This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib. If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll...

01:47

TKProphet

FX:AUDUSD Preference: AUDUSD has been trending downward for the majority of the week. After consolidating and breaking above, we set a buy limit order at the double bottom on the 30-minute time frame and waited for this structural level to be retested. Our trade is now active. If this level holds, we could see a retest of the highs before a continuation of the...

02:32

TKProphet

TVC:USOIL Preference: Oil was in a downtrend until price retested the lows on the daily time frame. In this area, if the price fails to create a lower low, we could see a retest of the previous support level, which is now resistance. Alternative Scenario: "If the downward trend in the market continues with the same strong momentum as before, we may see a...

03:20

TKProphet

FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....

TKProphet

FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....

02:41

TKProphet

FX:GBPUSD We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move. Alternative...

TKProphet

FX:GBPUSD We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move. Alternative Scenario: If...