Tradebudz

Tradebudz

The Yen has been getting weaker recently and I think Buying the pound against the yen could be a good move. I am currently on the 4-hour Time Frame and a buy setup has not yet presented itself, However, there is a clear range of around 200 pips should the bullish move continue. My Bias is based off the higher timeframe which I know has a very strong probability...

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The second day of the week. Lets look at Bitcoin Bitcoin (BTC/USD) Shorts are not done yet, there have been many investors now getting back into the market buying bitcoin. I do not think that bitcoin has reached its bottom yet. The trend remains bearish with confirmed lower lows and lower highs, and this is the correction. The manner in which price is moving is...

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US30 Has broken a very strong resistance at 32900 with a very strong force, I am now watching the pullback as it could provide a solid trading opportunity. There are two areas where price could hit before taking off. Looking at 32900 as the very first point where price could push, The second point would be 32850 which is the area I am interested in because it...

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GOLD (XAU/USD) Is now showing some interesting price action based on the daily timeframe, Let’s start with the obvious, Price has been creating lower lows and lower highs and now we are currently pulling back to an important key level. I can see that price is now also testing a trendline and we can expect some rejection. I would like to see price break the low of...

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Happy Monday Traders, New wee, New Goals let’s get into it. Currently Pound Sterling seems to be correcting the entire move that NFP has given us on Friday, It seems that price is continuing the overall near-term bullish trend which could see price create a new higher high. Currently, the price is trading at 1.21150 which seems o be breaking into the new zone, I...

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What’s Happening Guys, Currently looking and GBP/JPY for a potential short opportunity coming up soon. I can see that Price has created a very strong bearish engulfing candle which shows signs of the bears taking control, This has happened at key levels in the market and I am going to be looking for shorts if price is able to get back to our resistance. If price...

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Aussie Dollar has a complex setup coming up, However, Once we understand the structure is no longer so complex. Looking at price from the current 4-hour timeframe, Price has the potential of creating a solid head and shoulders pattern should it continue to fall. The only barrier we have currently is at 0.69500 where there is a clear S&R which has been tested...

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Are You ready for the cleanest range yet on Nasdaq (NDX) Nasdaq has just broken into a very clean range, Plus with the structure having turned to Bulls as well, I am more than happy to now follow that momentum, As we can see. we have been trading above support for a few days now. The support sits at 12892.0, Price has been rejecting this level over and over again...

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Hi Traders, I trust this week has been amazing thus far, Looking at EUR/USD, Price action has not allowed us to get involved in a short position yesterday, Today the tables have turned and I do believe that the Bulls have come to play on this one. Price has fallen significantly since our post, But throughout the London and Asian sessions, there has not been much...

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Hi Traders I have found an Easy short setup on USDCAD. The structure is similar to that of EURUSD in regards to the false breakout. I have already entered the short on this one and I am confident that price may continue to push. When looking at the weekly, We can see that price is rejecting a weekly timeframe 1.28770. If you take a closer look we can see that...

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Hi Traders, As we start settling into the new month of August, I have spotted a False Break-out Setup on EUR/USD. This is a potentially Powerfull setup should the trade play out. Looking at the 4- hour timeframe, It is evident that price has met with strong resistance at 102.600. Price then proceeds to Push past this point but then very quick and with momentum,...

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Hi Traders, I've spotted an easy trading setup for CAD/JPY, The structure of this instrument has beautiful confluences and is also simple enough to take if things play out the way I would like it to. Price has melted since hitting a strong monthly resistance at 107.500, I managed to catch the bulk of the downward move and now I am expecting a pullback seeing that...

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Hi Traders, As we now prep for the new week we can find some opportunities on USDCAD which may play out this coming week. Price currently pulling back from 1.3200. I am waiting for a buy setup to present itself on the four-hour time frame. I will be looking for the setup once price pulls back to 1.2700. My bias stems from the higher timeframes such as the...

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Hi Traders, I am taking a Long term approach on AUD/USD, Price is currently rejecting a strong psychological resistance where we could see price pulling back. If this happens I will be locked and ready to lookout for a buy opportunity. My entry is around 0.68470 where we have a clear support and an inverse head and shoulders pattern. I need to see price tap into...

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Hi Traders, As we approach the middle of the New York Session, I see a potential setup on XAU/USD which we can take advantage of on Monday. Price has risen sharply off the Feds release earlier this week. Looking at structure I see a potential buy coming on if we manage to get a retest of the broken support. I would like to see price pull back into 174500 and...

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Hi Traders, Today I am looking at a potential Buy on GBP/JPY. Price tapped into a support 162.00 which has multiple confluences. There is an Order Block at the current price, There is also support, and it is a psychological support which gives us a higher probability of price pushing. The current momentum is bearish so we have no business buying right now as we...

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Hi Traders, I am currently interested in Shorting opportunities on GBP/USD. Price is currently trading at 1.21220 and has come from a resistance level at around 1.21846. I am looking for price to continue this momentum as we are in a Long term downtrend. This could potentially be the lower high getting ready to push down to 1.17610. My entry is around 1.2077...

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Hi Traders, This post takes a look at how we can go short on copper. There is a very simple setup to take if price does what I expect it to do. On the daily time frame, Price has managed to give a deeper rejection than I had anticipated in my last copper post, You will see that we are currently rejecting a resistance level on the daily, If you wanted to, you...