Thetraderscollective

Thetraderscollective

Friday saw a pullback to 3014, with multiple rejections at that level. A 4H close above 3025 would confirm strong intraday bullish momentum toward 3047. However, with slowing fundamentals and a bearish 4H structure, breaking this key level is crucial. If we pull back to 3012, a deeper move to 2999 could follow. Patience is key!

Thetraderscollective

After hitting a new high Wednesday, Gold has pulled back to 3021, a key intraday level. Given it’s Friday, we may see ranging or a continuation move. Looking for buys above 3032, with 3035 & 3039 being the safest intraday entries. First target: 3047 before reassessing.

Thetraderscollective

Gold remains range-bound (2919-2909) after a weak bearish close Friday, despite mixed NFP data. We’ve already retested 2902 and are approaching the range high again. Given how long we’ve been in this range, I’m only trading breakouts: A 30min break & close above 2919 could give a push to 2926 (+80 pips). Sells only below 2893, targeting 2882 due to 4hr...

Thetraderscollective

GBPNZD has been in a strong uptrend since the start of 2024, forming consecutive higher highs and higher lows. We've just hit a new high at 2.26481 and are starting to see rejection. This sets up a high-risk, high-reward swing trade targeting the previous higher high at 2.17900. Nearly 1000 pips of potential! Waiting for further confirmation before entering.

Thetraderscollective

Gold remains bullish after rejecting 2834 last week. Asian session saw a retest of 2882, but we've been ranging between 2882-2892. My plan is to buy above 2893 on a break & retest, with targets at 2907 & 2919. If we break back below 2882, we could see a deeper pullback to 2862 or even 2834 before resuming the uptrend. Waiting for confirmation.

Thetraderscollective

EURUSD has already filled the gap, and now I'm looking for continuation sells. If we get a pullback to 1.04271 and see a rejection, that would be an ideal risk-reward entry. Otherwise, a bearish 4H close will be the confirmation to sell, targeting 1.03500 first. Staying patient for the setup.

Thetraderscollective

Gold remains bullish overall but is pulling back due to month-end flows. Asian session attempted to break 2882 but failed. On the 4H, we’re at a key level—break below 2856.77 could send us to 2834 before resuming bullish. Otherwise, I’ll wait for a break above 2882 for buys targeting 2908. No trades for me between 2861-2882. Staying patient for the clean setup.

Thetraderscollective

USDCAD appears to be forming a double top on the daily, rejecting 1.43500. If today’s news gives us a body close below 1.43100 or breaks yesterday’s low, that will confirm my entry for a longer-term swing trade. Since this is a swing setup, I won’t be looking at anything lower than the 4H for entries. My plan is to enter and hold as long as price respects the...

Thetraderscollective

EURUSD is still in the same range as yesterday. We had a bearish daily close, but once again, we failed to break the prior daily low. With news today, we could finally see a breakout that gives a clearer swing trade opportunity. Until then, I’m sitting on the sidelines, waiting for confirmation.

Thetraderscollective

Gold’s daily candle closed as a doji with a 245-pip wick to the downside, which we are currently still filling. With the past two days rejecting 2900, my overall bias remains bullish unless we get a daily close below. For intraday setups, I’ll be watching: Buys above 2900 targeting 2919, where we saw earlier resistance. Sells below 2872 down to 2850 if momentum...

Thetraderscollective

For those tracking USDCHF, we finally got the break & close below 0.90410, with the daily candle settling at 0.89200. Now watching for a break & retest of 0.89200 on lower timeframes for additional sell entries. Short-term bearish bias remains unless we see a pullback and a break above 0.90410.

Thetraderscollective

Yesterday, Gold followed scenario two, breaking below 2919 and retesting 2900 before rebounding. Despite a 170-pip attempt above 2929 today, a lack of fundamental drivers prevented continuation, leading to another pullback. Bias remains bullish, with buys above 2919 and 2929, while the safest entries remain above 2940. If price struggles at 2919, we could see a...

Thetraderscollective

USDCAD closed bullish on the daily, suggesting a potential retest of 1.43100 before resuming bearish momentum. Key sell zones remain at 1.43100 and 1.41000 for the continuation trade. However, if price closes bullish back into the range above 1.43500, the bearish bias would be invalidated for now, and we may need to reassess market structure.

Thetraderscollective

EURUSD is still struggling to confirm bearish momentum. Despite closing bearish yesterday with a 56-pip wick, we didn’t get a close below Friday’s low for true confirmation. Today has started bullish, and we could see a retest of yesterday’s wick. If we fail to close bearish below both Friday and yesterday’s wicks, momentum could shift bullish, especially with a...

Thetraderscollective

Gold hit a new high of 2956.50 before pulling back but still closed bullish above 2950. Asian session has already seen a 150+ pip pullback, breaking 2940. With no major fundamentals today, we could range, but my bias remains bullish. Looking for pullback buys from 2929, 2940, or 2950, or continuation buys above 2956. A break and close below 2919 could lead to...

Thetraderscollective

USDCAD has finally broken below the 1.43100 range and is holding beneath it despite bullish USD fundamentals. Since this is a swing trade, I’m waiting for either a break below 1.41000 for continuation or a retest of 1.43100 to confirm resistance before entering. Targeting 1.32100 as a minimum. Patience is key here.

Thetraderscollective

EURUSD saw a 48-pip spike to 1.05308 but is failing to break higher, possibly forming a double top. Given USD volatility, I’m waiting for a daily close below Friday’s low for added confirmation of longer-term sells to at least 1.02700. Watching price action closely.

Thetraderscollective

Gold is still bullish on the 4H, having retested 2929 and rejected. Now approaching 2950—safe buys above this level could see a retest of 2955, with a break leading to 2962. As new highs form, expect pullbacks before continuation, so manage entries accordingly.