Hello fellow risk-takers, A high-probable bullish reaction appears to be in the works on EURUSD . How far this reaction will extend is a question of waiting. Trade well and take care.
Hello fellow risk-takers, A high-probable bullish reaction appears to be in the works on EURUSD. How far this reaction will extend is a question of waiting. Trade well and take care.
XAUUSD fell sharply after its rally possibly due to buyers booking off profits and short-term traders taking advantage of this temporary bearish reaction. The expectation is too see Gold re-testing this local high, and possibly forming an all-time high.
EURUSD looks bearish but that seems likes a façade as buyers seem to be in control of price action. The expectation is to see EURUSD rising this week and forming a decisive new local high.
EURCAD may result in an impulsive but temporary rally as the pair is still very much bearish. The rally is expected to be sharp and quick, after which sellers may regain the upper hand. Trade well and take care.
NZDCHF is moon-bound but that won't happen without retracements, minor or major, along the way. Trade well and take care!
AUDNZD within a classical chart pattern. High probable that the pattern could play out as expected.
GBPUSD suffered some serious depreciation of late, but that was a mere reaction to the ongoing bullish trend. Such retracement has found a bending place and buyers are gaining the upper hand. The expectation is the continuance of the previous rally. Trade well and take care
DXY has been enjoying some uninterrupted moon-rally, however, as with everything, nothing continues forever. DXY has found a bending point at which sellers are taking control. I would argue at this stage that the move was a major retracement to re-test the previous highs and not necessarily a trend. That said, the forthcoming fall will be more than this rally....
USDCHF went through a messy retracement since June last year. Such retracement seems to have found a bending point and sellers are once again in control. Trade well and take care.
GBPCHF is charging up following formation of double bottom signaling an end of its downtrend. Trade well and take care
USDZAR is heavily bearish in the coming weeks. The expectation I have here is for the price to retrace a bit to area of supply zone for re-test after which sellers may take control. The pair, however, may go down at any point in time, the issue at hand is to work out the area where the pair may turn for downtrend to resume. Trade well and take care.
A simple trade setup with low risk and high probable reward. It makes more sense of a higher timeframe, i.e., weekly. Trade well and take care
EURCHF is undergoing a relief rally after its explosive plunge owing to EUR's weakness across all pairs. The expectation is to see continuation of the bearish move in the coming weeks. This is no trend reversal, at least not as yet according to the prevailing price action. The reddish line indicates the probable area where EURCHF may further resume its downward...
NZDUSD is undergoing a major trend reversal that may see the pair soaring really new heights this year. Any sell signal will be ignored.
USDJPY is, at present, in the business of going up. Our business is to work out the level where buyers are most likely to lose momentum, and having done so, wait for price-action confirmation into our sell bias. The falling trendline aids in determining such level where bullish momentum is likely to come to a halt. This trendline is worth monitoring and adding...
EURGBP has been indecisively going down for the past 9 months or thereabouts. Price has reached a critical level of support that will either sends the pair flying high or plunging down, the latter is more probable in view of price action behavior around this level (price penetrated this level indicating a breakout desire from sellers). Long-term sellers should...