We have seen price take out liquidity so far this week and our long anticipated bullish reversal is about to play out. Use proper risk management and let price do its thing.
The dollar index has been bearish for a couple of weeks now and considering the current price reaction from Daily support level and positive news release for the dollar, we are most likely going to see the dollar strengthen for a while.
We have seen the New Zealand dollar weaken against the USD so far this week as it reacted to 4H Supply zone, with current bearish momentum, there is a very high probability price will trade into the 4H Supply area.
US30 is in a bullish reversal considering current market structure. I'll be using a limit order to buy at a lower price with good R:R.
Price is resisting daily resistance as the bears come into the market an we are likely to see a short term sell off.
We've seen a bullish trend on NZD/USD from last week into this week and looking at price action currently at resistance, we are likely to see short term bears in the market.
We are likely to see USD/JPY recover bullish this week considering signs of bullish strength, we are still in an overall downtrend from the weekly perspective and for this reason we will have to be very risk cautious, that being said, we're in for a good risk to reward.
EUR/CAD has been bullish for a couple of weeks now, and price is currently trading at weekly resistance which is likely to become a level of supply. There seems to be a bullish decline from the 4h timeframe but considering the strength of the bullish trend, we will need sufficient confluence to go short. 1. Wait for 4h break of support 2. Wait for liquidity grab...
AUD/CHF has been on a downtrend for the past couple of weeks, price is currently sitting at 4H support with a W pattern reversal signal, price may continue further bearish considering the bearish momentum but for now we will be looking long temporarily till price gives us otherwise signal.
This week began with the pound dollar breaking above daily resistance, currently seeing price at 1H support with bullish momentum in the market signifying a potential upward continuation to break 1H resistance.
We're currently seeing a bullish continuation on UJ after a pullback to previous level of resistance, with sustained bullish momentum swing traders can expect a bull run into the daily supply zone as marked on the chart.
AUD/USD is currently bearish and strongly approaching monthly demand area, with good R:R we may swing it and hope to catch the fall.
NZD/USD currently sitting at a strong Weekly support area with strong Bullish momentum, on the 4H we are likely to see a retracement in price to fill the imbalance created after the impulsive move to the upside, we may also wait for a strong break of structure on as well on the 4H to give us more confluence for a reversal.
The past two weeks have been bullish for BTC/USD, considering current market structure with recent lows been taken out, we are likely to see Bitcoin sell to the 65800 zone.
UJ is still strongly bullish and we saw yesterday a slight Pullback, you observing Price action from support after liquidity sweep, I'm convicted we're resuming our trend continuation. NB: Use proper risk management, no trade is 100% certain.
The Dow was bearish for the most part of last week, this week promises to be bullish with strong signs of recovery, chacterized by a change of character on the 3H.
The Dow was bearish for the most part of last week, this week promises to be bullish with strong signs of recovery, chacterized by a change of character on the 3H.
After a slight pullback today we can continue to ride the bullish trend.