GBPUSD - Positively correlating to EURUSD and AUDUSD, we have the same setup. A pullback to the 0.618 zone is needed for long entries to be viable
AUDUSD - Positively correlating to EURUSD, price needs to pullback to the zone marked up for long entries to be posible.
EURUSD - Negatively correlating to USDJPY and DXY, EURUSD is too overextended to the upside due to NFP. As for now we need a pullback to the marked up area to be able to enter longs into the market.
DXY - Like USDJPY, we are trading in a descending channel and we have broken previous lows but right now price is too overextended to the downside so we need a pullback. When price gets to at least the marked up zone, short setups may be viable.
USDJPY - Daily timeframe seems to show the pair is trading inside a descending channel, but there is a very strong demand level ahead that will most likely make a retracement. The 4hr timeframe shows the recent lows being broken so the current bias is sells. After a retracement to at least the 0.618 zone, a short setup may be viable.
GBPUSD just made a high on the higher timeframes so we are expecting a low. 1hr timeframe is showing rejections to the upside. Also, the 15 min timeframe just made bearish structure. The confluences for this trade are: · Break and retest of EMA. · Break and retest of structure. · Bullish Structure turned bearish · Trendline break and retest.
USDJPY has made a HL and double bottom on the 4hr timeframe so we are expecting a HH in the long run. This setup entry confirmations are: · Break of structure from bearish (LH and LL) to bullish (HH and HL). · Break and retest of 14 period EMA. · DXY Bullish correlation. · Break and retest of 15 min structure. · Price is rejecting 61.8% level on 4hr timeframe.
AUDUSD has rejected the 78.6% on the 1hr timeframe. A LH has already been formed at this zone on the 4 hr timeframe. The entry reasons and confluences are: · EMA broken and retested · Bearish structure formed (LH and LL) · Break of trendline · Break and retest of previous low with engulfing bearish candle.
GBPUSD has recently broken both a trendline and the last two lows that were made, all in a huge push to the downside. The market is highly overextended to the downside so we are expecting a retracement to at least the 38.2% or 50% zone. All intraday setups on this pair will be bearish and the max TP will be at the 27% fib extension where a huge demand zone is...
USDCHF - Broke both a trendline, and the previous high. The market is very overextended to the upside so we can expect a retracement to the 38.2% and 61.8% zone. Structure-wise we just made a HH so we can expect a HL to continue the rally and looking for long oportunities. The max TP will be at 27% fib extension because a supply zone is waiting above the 0.91600...
USDJPY is currently in an uptrend making HH and HL. We currently broke the last HH making a new one so a HL is expected into the high probability area marked with a white circle.
GBPAUD is completely indecisive at the moment as it is consolidating in a triangle pattern. When it breaks out to either side, we can expect a retest of the marked up zones and we may be able to enter a trade with the momentum of the market.
EURUSD has recently broken both a trendline and the last two lows that were made, all in a huge push to the downside. The market is highly overextended to the downside so we are expecting a retracement to at least the 38.2% or 50% zone. All intraday setups on this pair will be bearish and the max TP will be at the 27% fib extension. This setup correlates with the...
AUDUSD has recently broken both a trendline and the last two lows that were made, all in a huge push to the downside. The market is highly overextended to the downside so we are expecting a retracement to at least the 38.2% or 50% zone. All intraday setups on this pair will be bearish and the max TP will be at the 27% fib extension. This setup correlates with the...
Clear flag pattern breakout to the donwside. The if the next 1hr candle engulfs the doji , the price will go down.
Price made a lower low, lower high broke resistance with another LL and is retesting the level with a bearish doji rejecting the 0.38 and 0.5 levels. Furthermore, on the 15 min timeframe a clear triangle pattern can be spotted.
EURUSD has clearly broken a Resistance level. Price action indicates higher lows and higher highs in lower timeframes. Also, from the 4hr timeframe to lower ones we can easily see that price is pushing higher and breaking to the upside with engulfing candles. For full confirmation, a bullish engulfing candle has broken both the 8 and 14 EMA on the 5min timeframe
Gold is likely to go up because it has broken out of a major support and it is currently being retested.