Monday
Morning Analysis - 07/03/2022Good morning traders, Hope everyone had a wonderful weekend.
Are we ready for another week of trading?
GBP has started to breakout of structure now and had a very convincing bear run, we seem to be pulling back now.
USD/CAD has broken back into consolidation. However, with the rejection from resistance and GBP starting to pullback we could see USD/CAD continue back down to support.
I have traded a break and retest from a key level on the M15 and I am expecting momentum to continue now we are starting to see cross USD pairs begin to move to the upside.
What are your thoughts on this and what are you looking to trade for the day?
Let me know in the comments below.
MONDAY LIVE: SPX500 and Forex Overview - JAN 24Hi Traders,
This is my view for this week on:
- SPX500
- EURUSD
- AUDJPY
- NZDJPY
- USDJPY
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pit from Trading Kitchen
MONDAY LIVE: SPX500, EURUSD, USDCAD and APPLEHi Traders,
This is my view for this week on:
- SPX500
- EURUSD
- USDCAD
- APPLE
(I’ve just shared my fully explained 81strategy on Tube)
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pit from Trading Kitchen
USD/JPY - 22/11/2021(H4) - Price forming bearish structure creating lower lows and lower highs, we have approached a level of support around 113.783 which we do need to be mindful of. Previous candle closed as an indecision showing no control from buyers or sellers. Based on this candle we could see the next push phase begin here (we are also sat around 618 fib level). I expect price to create a wick to the upside before reversing. This could look like a break out break back in or a retest of resistance before reversing.
(M15) - Clean trendline formed on this pullback. Ideally I want to see a break of 114.032 to look for a short entry.
EURUSD 4 hour breakdownEURUSD 4 hour expectational order flow still intact and still bearish.
I did think price was going to grab the liquidity at 1.6200 before tuesday/wedensday bearish impulse, but its a good lesson of just because you know where the liquidity is, it doesn't mean you know when the market is going to take it.
But yes we reacted to the 4 hour order block and broke structure nicely leaving some imbalanced price. we are now sat at an daily order block which we could see a reaction from taking price back into discount market.
again the new 4 hour structure and order block at 1.5900 will be vital in holding structure.
probably won't try and trade Monday and just let price develop and see if we are going to continue straight bearish or retrace into the range.
let the market make its mind up and follow the money
GBP/USD - 01/11/2021GBP/USD (H4) - sat on support here at 1.36713 we are consolidating along this level with multiple wick rejections coming in pushing price down. Usually when we see consolidation on support/ resistance it is usually followed by a break. We could also see a retest back up to 1.37229 so just be mindful of that!
GBP/JPY - 01/11/2021GBP/JPY (H4) - currently trapped in this consolidation ranging between resistance of 156.689 and support of 155.993. We do have a major level of support from the daily that is failing to break. If we do manage to close below support we could see price start to sell off quite aggressively however if not we will be looking for buys above 156.689
XTZ did not breakthrough the uptrend, shows really much strengthXTZ on larger time frame is still focused on completing the broadening wedge, rather than dipping out. In this monday dip every coin seem to break out negatively on the pattern they were busy with, but not XTZ. XTZ went not even out of the uptrend range within the broadening wedge as you can see. Very promising!
Putting it all together part 1(July 4-July9th) OK girl you like fibs… and that’s ok why?? Because you like to know where YOU are at in the market. We like Monday’s to add confluence! Noticed how the market came back inside Monday.. Retest monday.. Left monday.. And came back inside? That is great! Also noticed where the market came and collected smart money? Also, this time around we were looking for entries at the 50 or.618 retracement level.. If you did not enter on the 1hr you used the 15m. We combined smart money entry & rockzfx entry techniques along with the fib which really increased confluence and confidence! It also eliminated a lot of the noise. THANK YOU HOLY SPIRIT FOR TEACHING TEACHING TONIGHT!!
Time zone: Asian, 8am, and 11am. GREAT TIMES!
Key: we need to wait for retracement to happen! Let the market breathe! And always keep the Mondays relation key. DO NOT HESITATE! IF YOU GOT 2 TO 3 CONFLUENCES WE IN THERE LIKE SWIMWEAR! You see it mark it & keep note of it!
SL- 10 TO 15 PIPS // TAKE PROFIT- 50 PIPS