Support level did not hold resulting in a breakout for the USD, USD weakening, we are usually looking to LONG ***USD pairs and SHORT USD*** pairs. *Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to...
Price reaches a demand zone, buyers who missed out the last time have their order placed, preparing to buy again. The second touch of the demand zone usually is the strongest zone. Price rally after entering Demand, Hit nearby supply, sellers sold down. Now both Supply and Demand are both weak with 2 touches. The higher probability will be the buyers as market...
If price can stay above yellow zone, I will be a buyer. However, we are late to this entry so a buy limit should trigger order and look to take profit along the way.
We may expect short term retracement coming from the GJ. Expecting a market structure retest. Have you limit order ready. Please also look for price action confirmation before entering.. This setup can be invalidated with poor price action. Look for confirmation upon entering. *Please note that I am no professional trader, like most of you people. I am still...
TECHNICAL ANALYSIS: After months of consolidation, price has finally broken its resistance, we can expect bullish momentum coming from XAUUSD. Find a good reentry and ride the trend. trust me this will be a rewarding pair to trade. CURRENT SITUATION: With the printing of money going on in the states, we can expect the value for GOLD to increase. They can print...
TECHNICAL ANALYSIS: if fully based on analysis wise, I will be bullish towards the GBPs. We may see rejection from 1.24242 area as it is a strong support. However, we will see price head below slightly before shooting up. I wouldn't short/buy at the moment. CURRENT SITUATION: I will wait for price to enter SP1 before entering a buy position for a nice risk to...
With the weakening of USD, we can see further upside coming from the GBPUSD. However, we are reaching a Supply zone. If you have entered my previous GBPUSD signal, this will be a reentry after 200pips *Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not...
Double bottom found in GBPCAD, will be expecting more upside movement coming from GBPCAD. With GBP strengthening, we can see the GBP move up slightly making this double bottom a valid setup. Will you be a buyer or a seller? *Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility...
prices are at a confluence zone of ascending trendline and neckline support. This will provide a nice risk to reward ratio. *Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis,...
Previously We talked about reentry for XAUUSD before heading up to 1800. Price made a new high and is going to TP soon. IF YOU Guys still want to reenter, here might be your final chance. Take it or Leave it :) I will be expecting price to retrace to 1775 area ATLEAST before heading up. small pull back and continue the trend. Any point of time this setup can be...
LAST time XAUUSD enter that area was 8 YEARS AGO. Sellers who missed out the last time, will definitely have their orders place to resell again. Formed a strong supply area for people. I will be looking to TP my LONG position and have my sell limit seat there. BE wrong or be regretful for not taking it. *Please note that I am no professional trader, like most...
Price showed triangle consolidation pattern, with new trendline forming (higher high, higher low), I will be expecting to long this pair. I looked into lower timeframe and found a forming pinbar in H4, showed price refusing to go lower. What I am expecting is for the bulls to buy the USD up. NEWS FACTOR : With this, we will have to look into the news factor....
Price respected the major resistance (purple zone) and made a retracement. What I am currently expecting is for the price to drop to (blue zone). Minor support resistance + trendline retest, we may see bulls stepped in to support our analysis. *Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only...
For people who missed out on a long position for XAUUSD , we can see a possible retracement to its consolidation resistance area , which now act as support. Do not place a buy now, wait for retracements to 1766 / 1762 and place a buy position. With stops below the previous low, and aim it up to 1800. However, because of XAUUSD volatility , our SL is slightly...
We can potentially see an upside for the dollar as it made a new high, and retested trendline. Currently, I am biased towards buying the dollar hoping it to reach previous support resistance, before coming back down for a trendline retest. I will not be excited for longing it now. What I really want to see is a retracement after resistance to the trendline and...
Price for BTCUSD is currently in a consolidation/accumulation phase. Formed triple top, possible further downside coming from BTCUSD before a SWING position for its 4th top forming neckline for a major head and shoulder break up. Long term I will be bullish towards BTCUSD . But how now short-term, we will look into shorting this pair. *Please note that I am no...
TECHNICAL ANALYSIS: Nothing really change much for USDCAD , price is following the arrows as drawn the last time.. We may see strength in the USD pair now, however it will not be a sudden spike so we can expect a gradual bullish momentum for the USDCAD . If price can stay above 1.35400, major support, we should be bullish towards USDCAD . Would rather not do...
TECHNICAL ANALYSIS: I am currently bearish towards EURUSD ,price hits supply area and rejects now about to test the MAJOR support zone 1.11750. We may expect EURUSD to stay slightly above 1.11963 before entering MAJOR support. I personally will not do anything to this pair at the moment. Especially with the current situation in the US, it is still unstable to...