While U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend. Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks. Blue ATR...
I'm currently building a long position in USD/JPY, anticipating continued bullish momentum as we move into next week. With supportive fundamentals and technicals aligning, the pair is showing signs of strength, and I expect this trend to carry forward. The U.S. dollar remains resilient, and with potential catalysts ahead, I'm looking for further upside. Gradually...
With U.S. CPI data coming in stronger than expected, we’re seeing renewed bullish momentum for the U.S. dollar. This puts pressure on EUR/USD, leading to a likely continuation of the bearish trend into the following days of trade.
I’m looking to short EUR/USD again on the 15M chart , with expectations of continued bearish momentum carrying into the next day of trade. Price is showing consistent weakness, and the downtrend remains intact, making this an ideal setup to capture further downside. I’ll be watching for the market to maintain this structure and will adjust if any significant...
I’m looking to add into my USD/JPY longs as the pair continues to show strong bullish momentum. Price action remains supported by key levels, with buyers stepping in on dips. As long as the bullish structure holds, I’ll be adding to my position, aiming for higher levels in the coming sessions. Let’s see how the price reacts to any pullbacks for optimal entry points!
I’m looking to enter a short position on EUR/USD, using the 15M chart for a refined entry in line with the bearish outlook from the 4H chart. Price is showing signs of rejection at a key resistance level, and momentum is shifting downward. This entry offers a good opportunity to ride the overall bearish trend expected for the day and week. Let's see how the price...
I’m expecting EUR/USD to have a bearish day and possibly continue this trend throughout the week. The 4H chart is showing strong downside pressure, with price struggling to break above key resistance levels. I’m anticipating further declines as this bearish structure continues to unfold. Let’s see how the market plays out!
Getting ready for next week's USD/JPY setup! 🚀 The market is aligning for a potential big move, and I'm positioning myself for the action. Watch closely as I plan my entries and manage the trade—timing is everything! ⏳ If you're into catching high-probability trades and want to see how I approach the markets, make sure to follow and stay tuned. Let’s ride this...
What is day trading? If I were to ask you for your definition of day trading, what would you tell me? Go ahead and type it in the comments below. Spoiler alert! Its getting into the market at or near the opening price (of that current day of trade) and out before the close, something like this ..
In this TradingView breakdown, I explain how I incorporate the Daily ATR (Average True Range) and the Daily Open Price into my day trading strategy. These are key tools I use to gauge potential price movement and set trade targets. I also define day trading as entering the market at or near the daily candle's opening price and exiting before it closes, taking...
I'm watching for a short opportunity on EUR/USD as the market shows signs of weakening around a key resistance zone. Momentum is shifting, and with volatility expected to increase during the New York session, I’m targeting a quick move to the downside. This setup aligns with my strategy for capturing short-term bearish momentum. Let’s see how it plays out!
In this video, I dive into the crucial lessons I wish I knew when I first started trading, focusing on the Daily ATR and daily open price. Many U.S. traders believe they're getting an early start by waking up at 4-6 AM, but in reality, the New York session is the final session in the Forex market. By the time we hit our screens, the market might already be...
EUR/USD continues to exhibit strong bullish momentum, with the pair consistently forming higher highs and higher lows, signaling a well-established uptrend. The price is currently trading above key moving averages, confirming the ongoing bullish bias.
EUR/USD is presenting a strong long opportunity as it pulls back to a well-established support level. The current retracement could provide an ideal entry point for buyers. This setup aligns with broader euro strength, making it a strategic trade for those looking to capitalize on the continuation of the trend.
The DXY is setting up for a potential gap down which could lead to a quick fill into nearby resistance. The index's recent price action reflects mounting downside pressure, and a rejection at resistance would likely confirm the bearish trend. Traders should watch for a reversal signal at the resistance level to enter short positions, with targets aimed at...
The pair is showing signs of exhaustion after a recent rally, creating an opportunity for a short trade. A break below the current support level could trigger further downside, with targets set at previous lows. This setup offers a strategic entry point for those anticipating a pullback, aligning with the broader market's cautious sentiment.
As we head into the weekend, my focus is on USD/CAD for next week. The pair has been showing bullish momentum, and with better-than-expected U.S. economic data released this week, the case for a long position is strengthened. Taking some long USD profits off UJ and starting a small UCAD
DXY is about to come back online after a long holiday weekend in the USA. Im looking for a gap up into resistance around the 101.700 level for shorts to be taken down to swing lows around 101.4