As mentioned yesterday () and as perfectly played out, market gapped down on bad news was a perfect buying opportunity and SPX eventually closed green at the highs. Price action was so clean, with price just consolidating for the whole Asian and European session, only for the huge rally to start in US session; with PZ holding the lows (and the same time NDX PZ...
I was bullish SPX on Friday () and as it played out, market rallied initially, giving good profits. NFP gave the huge sell off, which took out some profits but gave the opportunity to go long at a better price lower at support. We got the 120points rally, hitting where my arrow is. Price target is good enough to look for opposite trades; and amazingly, market...
Hello Traders this is an update from our OANDA:XAUUSD setups, the price was ranging lately beetween 1834 & 1814 Today friday and NFP we reached the 1810 Low Price of the Price but didn't get a full candlestick Close and reversed to 1834 So yeah it's is time for that pullback but i think there's something More so next week we gonna reach that 179* Areas Before reversal
I was bullish SPX yesterday, looking for a bullish continuation of Wednesday's up. However, market has other views. Market was practically ranging between DBZ above and PZ below, before making a fake breakdown then closing up. However, price is still unable to close within/above the DBZ. In terms of price action, I would say that daily candle is neutral/bearish...
Yesterday was another pullback day for USDJPY as price consolidate for the bigger move which could happen today with FOMC later at night. Again I was looking for an early move up during Asian session but when that did not happen, the converse happen; a pullback. Still, we saw the spike during US session which cleared the highs before crashing back down. One thing...
Yesterday I shared on GBPUSD which hit to perfection () on a 100 pips sell off. Expect further downside today but today I am sharing on EURUSD on possible stronger weakness in EURUSD today. As also shared for EURUSD, we got a 60pips dip yesterday, hitting a support and price seemed to be basing here now (while DXY hit a resistance). Possible pullback in DXY, but...
Yesterday market made a dip before going higher. Market is much sideways now as it is nested within the zones. Still on track for my 140.3 target IMO. Look to buy the dips with 138.4 as a low risk entry
Market gave a 120 pips up move from my buy level with a 10 pips draw down yesterday. It went up before coming back down to mid point. It closed with a somewhat indecision candle so price action is neutral. We will see if we get another up move today. Price now at PZ, after being rejected by the monthly BZ. Looking for an extension to 139.43 and 139.69. Exact...
GBP is weaker than EUR and yesterday we see that price was hovering just at PZ and not able to go higher before the move down and eventually a recovery. EURGBP IMO is looking good for further upside. But anyway for GBPUSD, price action does point to further downside; with price capped by PZ now, looking for another revisit of yesterday's low at 1.2720 and even...
I was wrong with the direction yesterday, I said we would break down but instead it went up, while closing near the mid point. Price now supported by PZ; from current looks, it seemed to be supported and 1.2470 or so will be a magnet. Price action wise, market made higher lows and highs yesterday but direction is not so clear though bias is slightly to upside....
Market made a strong reversal up as per my trade plan yesterday with DXY crashing. Expect further upside today, with price supported by the zones. What I see for today, would be price could dip to within the PZ, but expect it to be bought up. Would prefer to wait for the dip to go long, and 1.08 or so is a very strong resistance. Expect that to cap any rallies...
USDJPY gave a good short, with the levels working almost perfectly; price made the initial dip to support, and then rallied to the PHOD on news at 10am EST before it came down to close near the lows with DXY faltering. For today, 138.91 is possible intermediate support, looking for a bounce here to possibly 139.62 before a next leg down.
NVDA hit 1 tri cap and it lasted just one day. It happened with Apple at 3 tri cap. Top is in? Price action do look somewhat bearish, with price capped by the PZ, could see a visit to the BZ. If so, looking for a possible bounce.
GBPUSD gave an initial sell to take out Monday's low before rallying higher. DXY hit a resistance above on the initial sell but came down to 104 (and lower) - the level I mentioned before basing. In a way, I was too aggressive on my 1.2395 level; (though DXY was at 104). Market went past it, to above resistance before coming down and bounced off at this 1.2395...
Market came down nicely from PZ to BZ as per my trade plan given yesterday, rallied to PHOD and made another flush down, forming a bearish candle, but noticably, market is still supported by the BZ. The 139.6 level given yesterday is acting as good support. Overall the daily candle looks bearish but from the looks, my view is market could give another move up for...
Similar to SPX, as mentioned, US is open today; look for the reaction to the debt ceiling deal news. But with price below PZ, look for a move lower, with 14249 as a level of interest and a possible lower target of 14187.
Was looking for a pullback yesterday for a long but did not reach the long level. USDJPY printed a somewhat bearish candle and today it nicely opened below PZ and is coming down to BZ. 139.69 is the level to watch; could see this level today and look for opportunities (with bullish divergence) for a long back to PZ 140.5, but a break could bring us to 139.25
Inside bar yesterday; I said that DXY could cool off and indeed GBPUSD went up to my said resistance before GBPUSD came down but overall, it was a small range day because most markets are not open. GBPUSD looking to push up further; thus could see further upside. IMO, 1.2391 could trade today and it is a level to go short from for a move back to PZ (watch DXY 104...