


Hey traders! For Day 12/100, we're looking at GBPUSD downside risks. On the technicals side: - Overall bearish trend - Created strong resistance + 62% retracement - Break of HH-HL retracement structure - Break below 1.244 support - Now retesting that previous support as resistance - We're looking to take sells anytime now if it selling signals on H4 and H1...
👋 Hey Traders! For Day 11 of our 100-day challenge, we're looking at XAUUSD/Gold downside risks. - Major support at 1980 was broken last week - Made a low at demand/support zone - And now we're retesting 1980 area as resistance We're looking to go short around this area if LTF gives clear sell signals. We're looking to re-target 1955 recent low. SL could be...
👋 Hey traders! For Day 10 of our 100-day challenge, we'll talk about the market tendencies of EURUSD in London and NY session. I scrolled back a bit to a random range and we can see certain market tendencies present here. 1. London offers the biggest trading range vs NY and Asia 2. NY offers second biggest trading range 3. Overlap of London and NY is usually a...
Hey traders! Do you also have this in your watchlist? This is one setup we have on our watchlist and anticipating for next week. EURUSD breaks support and created a lower low. Recently made a move to the upside for a retest of the pivot. Expecting 79% Fib and 1.084 resistance to hold. Target is next support at 1.074 area. Enjoy your weekend!
Day 8/100 TradingView Challenge 100 days in a row Technicals: - Break of 0.664 support - Now retracing - Pivot point for entry opportunity - Extended target 0.658 support Fundamentals: USD: Market Fears over debt ceiling negotiations USD: Positive data yesterday USD: Risk Aversion AUD: Negative Chinese data AUD: Iron ore prices vulnerable
Hey, traders! This is an intra-day short idea on EURUSD. Technicals: (read chart) - Double top on pivot area - 62% retracement - Break and retest of internal structure - Intra-day re-target lows Fundamentals: Key Themes - USD: No progress last Tuesday on debt-ceiling negotiations - USD: Market fears > Risk Aversion > USD appreciation - EUR: Lack of catalysts...
Hey traders! Here's another opportunity that we're looking at. USD and CAD has been known to be closely tied together especially in terms of its central banks. However, with Canadian inflation softening, BoC might be looking to slow down on its tightening. With this said, we're looking to long USDCAD based on terminal rate differential and in the back of broad...
Hey traders! Here's another trade idea for the week ahead that we have included in our watchlist. Fundamentals GBP: will continue to be weak as recession is forecasted, rising energy prices, household income being squeezed due to rising inflation. NZD: Not much idea on the current state of the nation but large speculators is starting to build up longs on NZD....
(Update on last week's callouts) As expected, EURCHF retraced back to 0.97 only to reject it. Check the related idea linked below. For this week, fundamentals remain the same (if not worsened for the EUR). We remain bearish on this pair. Anyways: We have entered a short-term swing position to add to our long term position at the H4 bearish...
Take a look at the development of our GBPUSD call from last week. We entered two positions on this short opportunity. 1) Swing trade off daily bearish engulfing 2) Scale-in intraweek on pullback and H1 pin bar This trade idea was developed based on our weekly fundamental analysis released for our members. Anyways, this is a perfect example of scaling-in on...
Fundamentals: EUR : Same concerns as last week. Energy crisis heading into winter. CHF : To capitalize as a safe-haven in the Eurozone along with SNB recently becoming hawkish with intent to raise rates above negative. Technicals: There are really no past data that we can look at to identify key levels for potential market reactions. Price currently at an...
Technical Commentary: Price has successfully rejected 0.98200 as forecasted and has create a new swing high and a new swing low at it breaks 0.97000. Was able to enter a long term swing after initial rejections of 0.98200 with a generous stop loss at next break of structure. Also able to enter a sale-in short position after intra-day bullish structure was...
EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low. It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well. To enter a short position, H4 has to start forming bearish market structure for more confidence. Fundamentals: EUR: Facing...
Fundamentals: GBP: First CB to officially forecast a recession (4Q22) USD: Fed members still pushing in hawkish narrative Technical: - Currently at a decision point @ 1.22 - Overall downtrend - Double top forming on key level 1.22 What do you think? Follow for daily insights! *don't mind the indicator on the footer. Wrongly clicked.
Fundamentals: EUR - continue to have energy crisis & poor monetary policies in controlling inflation CHF - starting to bring rates above negative territory, safe-haven currency capitalizing of eurozone weaknesses *More fundamentals in weekly commentary paper for Ace Traders Club members Technicals Break and retest of 0.98 key area Bearish trend still valid...
Fundamentals EUR - renewed energy crisis worries USD - Positive economic data releases which impacts future rate hikes Technicals: EURUSD - Daily rejected 1.025 with a bearish engulfing on an overall downtrend structure DXY - Rejected 105.5 with a bullish engulfing, expecting USD to get stronger in the next few days.
H4 and H1 now aligning to be in a bearish structure. Waiting for pullback around 0.837/0.838. Fundamentals: EUR - renewed energy crisis worry and Nord Stream 1 capacity
Hey, Traders! This forecast takes into consideration of the fundamentals of USD and JPY. More info in bio! Here's our USDJPY forecast: Daily structure is still bullish however, H4 is looking to be bearish for the time being. To initiate long, we will be waiting for H4 to form a significant resistance and then break it for H4 to flip back bullish. Immediate...