AUDUSD/1D Hello traders, welcome to another market breakdown. AUDUSD is trading around very important level, where bears are expected to take over. I'll be closely watching for a shift of structure at CPI numbers tomorrow. The price is still can push higher, however, the monthly structure is still bearish. Trade safe, Trader Leo.
AUDCAD / 1W Hello traders, welcome back to another market breakdown. AUDCAD has been pulling back for weeks now after tetsting the low of teh channel. The market is approaching the uper side of the channel where bears might show up. I'll be looking for a lower time frame confirmation to go short. Trade safe. Trader Leo.
EURUSD / 4H Hello traders, welcome back to another market breakdown. EURUSD in the short term is making a wedge pattern, which is a slowing pattern. It's more likely to break to the downside. Checkout the chart for the main levels I'm watching for for shorts and longs. Trade safe, Trader Leo.
GBPAUD / 1W Hello traders, welcome back to another market breakdown. GBPAUD has been trading in a down trend according to the weekly time frame. The price is testing back the previous structure and the trend line. I'll be watching closely these levels for a short position. Trade safe, Trader Leo.
XAUUSD / 4H Hello traders, welcome back to another market breakdown. This is an update of the last idea shared where I talked about a potential bounce for the bulls but fail eventually. Gold is trading around a major key level where bears are expected to show up. The price has developped a wedge patter which is one of the reverse patterns. For conservative...
XAUUSD / 4H Hello traders, welcome back to another market breakdown. GOLD has been struggling around the key resistance area. A tripple top is a possible scenario for high risk and reward ration. Checkout the chart for where I'll be interested to short if the level holds. Trade safe, Trader leo.
EURCAD / 4H Hello traders, welcome back to another market breakdown. EURCAD is trading locally in a tight channel, where traders look to short the resistance and buy support. However, the main trend is bullish, a break of the trend line would indicate a change of structure. I'll be waiting for a confirmation on LTF at resistance. Trade safe, Trader Leo.
AUDUSD / 1D Hello traders, welcome back to another market breakdown. AUDUSD has been trading bearish on the weekly time frame. The price has been pulling back and rejeted the trend line. Bears need a brekout with at least a daily close bellow the last swing low. I'll be looking to short the retest after the breakout (if it happens). Trade safe, Trader Leo.
GBPUSD / 4H Hello traders, welcome back to another market breakdown. GBPUSD has been trading in bullish trend. The price is now trading around the last swing high where bulls might take over again. Checkout the chart for what I'm waiting for before going long.
AUDJPY / 1D Hello traders, welcome back to another market breakdown. AUDJPY is trading in a bullish trend, the price is pulling back to the trend line, plus a major support where traders look to go long and bears look to take profit. Checkout the chart for what I'll be waiting for. Trade safe, Trader Leo.
USDJPY / 4H Hello traders, welcome back to another market breakdown. USDJPY seems to be breaking the structure from bearish to bullish again. Bears got disappointed after not getting a new low, which is a sign of Bulls getting stronger. Checkout the chart for what kind of price action I would like to see before going long. Trade safe, Trader Leo.
BTCUSD / 4H Hello traders, welcome back to another market breakdown. BTCUSD has been trading in a down trend, the price has broken from a bearish flag which is a sell signal for the bears. Checkout the chart for what kind of pull-back I'm waiting for to add to my positions. Trade safe, Trader Leo.
XAUUSD / 1D Hello traders, welcome back to another market breakdown. Based on few requests from you, I have decided to update my chart on Gold where I only look for swings. As mentiond before, Gold is at major resistance around 1800 psychological level. From here bears can take over. Checkout the chart for what I'm waiting for and the major structure here....
USDCAD / 4H Hello traders, welcome back to another market breakdown. USDCAD is trading in a bullish trend according to the monthly time frame. Bulls see: 1- Significant bounce from key level. 2- Trend line needs to be broken. 3- The price started shifting structure from bearish to bullish. Trade safe, Trader Leo.
S&P500 / 1D Hello traders, welcome back to another market breakdown. S&P500 is approaching the gab close and the target for bulls as a second leg down. Bears look at this as a short setup lower high trend continuation. Checkout the chart for what I'm waiting for. Trade safe, Trader Leo.
XAGUSD / 4H Hello traders, welcome back to another market breakdown. Silver has been trading in a reverse mode. Traders should look for longs at least until the price reaches the trend line. The price seems to be in a breakout mode. I'll be looking for a short position around where the seccond leg up. However, Traders should look to go long only, the short...
DXY / 1W Hello traders, welcome back to another market breakdown. DXY has been trading in a bullish trend all year, However, the price has been pulling back from the second leg up. The price on the weekly is approaching the major brekout point where heavy bulls might show up. Checkout the chart for a full understanding on where is the market cercle at the...
AUDUSD / 1W Hello traders, welcome back to another market breakdown. AUDUSD has been trading in a down trend this year. However, the price had been in a deep pull-back for the last 3 months. The struction is still bearish on the monthly and weekly time frames. So, bulls should look where to take profit and bears will look to where they can short again....