Trend is bullish. With DXY showing signs of weakness, looking for a buy signal at 1.4000 Safe trading!!!
Possible trading plan if the bearish trend holds. However, we are seeing an inverse head and shoulders divergence so breakout of this trend will result in an aggressive bullish push. I'm leaning more towards the bearish side considering the DXY is looking bullish, but staying neutral on this pair until we get proper confirmation. Safe Trading!!
No, seriously. I've got 8 bearish confirmations! What more do you want? Perfect swing with lots of entry points on the way down. Similar scenario for AUDJPY, EURJPY & GBPJPY. I'm not really one to hold trades over the weekend, but I'll make an exception for you <3 Use effective risk management. Safe trading!
I hope nobody fell for that one... We'll be accumulationg buy orders at this level. Next stop after bullish break of structure is $2.20. However, failure to break above the $1.46290 price level could spell a major bearish trend so look for reversal or trend continuation signs when price reaches this point. Safe Trading!!
Correction of the bullish monthly impulse has started and the downtrend will continue as we expect a pullback to the demand zone. Indicator confirms as price is staying below the 200MA. Use effective risk management. Safe Trading! Feel free to share your views in comments and dont forget to like!
Short for now before long term buy. Lets see how Monday plays out. Feel free to share views. Use effective risk management. Safe trading!!
My bias for now is bearish because of the major change of trend pattern highlighted by my rectangle. However, a break and retest of 75.950 level will result in a bullish market and a big impulse to the upside. So now we let a possible consolidating Monday play out and wait for a B&R of either 75.950 or 75.570 to determine our entry. Use effective risk...
Swing high.. Ride the down trend and add entries at retracements.
Perfect time to go long on this pair. Overall bearish, however the RSI looks to be picking up momentum again. Currently in a correction to last weeks big bearish impulse. Looking to take long entry profits at 61.8% retracement level, which I expect to be the top of a sweet H&S formation. A 2nd test of the 61.8% will mean we are ready to go short for the big sell...
The cable is Looking bullish due to Brexit agreement. Currently trading in an ascending channel on the 1h TF. I'm looking to see a final touch at the top of this ascending structure before we get a huge sell off as Covid destroys the market. Feel free to like and share your views in the comments. Safe trading
It will be interesting to see what price does next on this pair... We are trading in an ascending channel on the 4h tf. Currently trading at the bottom of the channel.. a bottom setup on the lower timeframes will mean a bullish move to the top or middle key level of the channel, while a break and retest to the downside of the channel will result in a massive...
This pair is now forming an ascending wedge to form the last shoulder in a H&S pattern. With JPY gaining strength, I won't be going long on the final shoulder, I'd rather wait for us to break out of the wedge. I expect a huge sell off on this pair of around 650 - 700 pips. Feel free to like and share your views in the comments. Safe trading!
Correction to yesterdays analysis.. This pair is trading in a descending trend on the weekly tf. However, on the Daily tf, we can see a perfect ascending structure. My bias is long for now(80+ pips) as this pair is looking to fake-out of the weekly descending structure to complete the final touch at the top of the daily ascending trend. From there I will be...
JPY gaining strength. Waiting for pullback to trend line before huge sell off in Asian session. Low risk trade. Please feel free to like and share your views in comments. Safe trading
CAD losing strength. Perfect 61.8% pullback. Candles confirm an aggressive bearish push. Low risk, big gain. Please feel free to like and share your views in comments. Wishing you the best of luck.