Bias Bullish Fundamental AUD reduce interests rate, lower mean CPI. EUR is slightly bullish to neutral Price Action Price bounce off from H4 after forming a consolidation at H4 SR level. Confluence Consolidation Area formed a triangle, and confluence with H4 SR & Bullish TL Setup Long entry at broken H1 SR level. SL 2x ATR(20) TP Next H4 swing high R:R 1:5
Bias Bearish Fundamental CHF going strong, and CAD is weakening slow Price Action Price rejected from H4 SR & Bearish TL. Price formed a rising wedge pattern. Price breakout of the wedge pattern. Confluence: Broken wedge pattern and SR level. Setup Short entry at H1 SR level. SL 2x ATR(20) TP next H4 Swing low below Daily SR level R:R 1:8 high trade management required
Bias Bearish Fundamental Analysis EUR is weakening, JPY Stronger data Price Action: Rejection from H4 SR level. Price formed a double top pattern. Break break below the H1 double top & bull TL. Confluence: Higher TF (W/D/H4) - Rejection from S/R Lower TF (H1/M30/M15) - Broken H1 SR & TL level Set up: Short trade entry at H1 broken SR level SL 2x ATR(20) TP 1:5...
Bias Bearish Fundamental Analysis AUD is weakening, CAD is slightly bearish to neutral movement Price Action: Rejection from H4 SR level. Price formed a double top pattern. Break break below the H1 double top & bull TL. Confluence: Higher TF (W/D/H4) - Rejection from S/R Lower TF (H1/M30/M15) - Broken H1 SR & TL level Set up: Short trade entry at H1 broken SR...
Bias Bearish Fundamental Analysis CHF is bullish with GBP neutral Price Action: Price retrace back to H4 resistance & bearish trendline. Formed a flag pattern. Price rejected from that level and close at a lower low Confluence: Higher TF (W/D/H4) - Rejection from H4 SR & TL. Lower TF (H1/M30/M15) - Break through 2 H1 SR level and H1 Bull TL. Set up: Short trade...
Bias Bearish from H4 TF Fundamental JPY is strong with a lot of bullish data. CHF is fairly strong but interest rate come down Price Action Price retrace back into Daily SR level. Formed a double top pattern. Price breakout of the SR level of H1 rejected from Daily S/R level. Price is bearish to continue the H4 trend align with the Trendline Confluence Reject...
Bias Bearish Fundamental Analysis USD is neutral position CHF is still acting bullish Price Action: Price breakout of H4 SR level forming a new lower low. This has shown a strength towards downside. It has two bearish trendline waiting for it to react. As currently market is volatile based on H4 tf. Price is likely to retrace back into confluence Broken H4 & H1...
Bias Bearish Fundamental Analysis EUR is weakening USD is strengthening due to PE Price Action: Price rejected from Daily SR and formed a H&S pattern. Price then break the H&S neckline H4 SR level and close lower. price is currently consolidating to high likely to break lower and head lower. Set up: Short trade entry at broken H4 SR level (neckline). SL is...
Bias Bearish Fundamental Analysis NZD is weakest performing currency. CAD is also bearish but not as weak as NZD Price Action: Price broken H4 SR level then a small pullback and broken H1 SR level. 2 confirmation pattern that price is bearish. Trade based on breakout pattern. High volatility momentum Set up: Short trade entry at Broke H1 SR level. TP 2x H1...
Bias Bearish Fundamental Analysis Japan government is likely to take action to strengthen JPY. GBP is holding and waiting for the right time to reduce interest rate Price Action: Price is still extremely bearish. No sign of consolidation. Price pullback and test the H4 S/R. the breakout of H4 S/R show us the strong bearish movement without consolidation. Trade...
Bias Bullish Fundamental Analysis CAD data is weak, and GBP is holding at position. Price Action: Price break out of Daily and H4 SR level, closing at new high. Price is still extremely bullish. Taking on the fundamentals and breakout. Price is most likely to do a retracement to confluence SR level and head higher to next SR level Set up: Long trade at...
Bias Bearish Fundamental USD intend to reduce interest rate and bearish data. JPY plans to increase interest rate caused bullish momentum Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price formed a double top / descending triangle pattern. And price broken out of that level and headed lower. Short set...
Bias Bearish Fundamental NZD data are bearish CHF data are bullish Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price broke through support level. Bearish movement have higher probability Short set up Short trade at H1 broken support level. SL above the swing high of H1. TP targeting the next lower...
Bias Bearish Fundamental CAD reduce interest rate caused bearish momentum. JPY plans to increase interest rate caused bullish momentum Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price formed a double top / descending triangle pattern. And price broken out of that level and headed lower. Short set...
Daily Bias Bearish Fundamental CAD reduced interest rate to 4.5% , CHF with a lower interest rate but their currency is bullish. CAD is bearish now. Price action Price breakout of Daily SR level to for a lower low. In H4 TF, there is a double top pattern formed before the breakout happened. Setup short trade at broken H1 support level with SL above the swing...
Daily Bias Bearish Fundamental Analysis JPY is strengthening, CAD is weakening (expecting CAD reduce interest rate) Price Action: Price broke below H4 SR level and retrace back into the H4 SR level. Going down to M5 timeframe, Price formed a small H&S pattern, price just broke through the neckline of M5 H&S pattern. This supports my analysis of further bearish...
Daily Bias Ranging Fundamental Analysis EUR is expecting to lower interest rate in sept. USD is still ranging due to presidential election Price Action: Price rejected from Daily resistance level. pull back to H4 S/R level and consolidated in that H4 level. This week finally it broke out of consolidation, showing signs of stronger sellers. Price is likely to...
Daily Bias Bearish Fundamental Analysis CAD Bearish JPY Bullish Price Action: Price retrace back into Daily S/R Level. Price consolidated in the Daily S/R level. Price broke below H1 S/R level and H1 trendline and create a lower low. This has give an confirmation of bearish movement. Confluence: Higher TF (W/D/H4) - Daily S/R level retested and rejected Lower TF...