Orderblocks
XAUUSD (Gold) Analysis and trade ideaGold is broken structure to the downside, and a return to impulse is expected. I've identified a bearish order block as my POI. When price reaches it, I will look for the indications that price is transitioning from bullish to bearish momentum, and when a valid entry presents itself, I will short the market.
What are your thoughts on this analysis? I would love to get some feedback from you.
Market Re-cap & AnalysisHere i give you a break down of 4 trades that I took during last week
-EURAUD / Long
-EURUSD / Long
-GBPUSD / Long
and EURJPY / Long that i am currently still in
Currently down NET 0.5% for the week so not to bad, hoping the market can give us some entries for next week as there are a few pairs that look great to trade
List for next week is
USDCAD
XXX?JPY / Most of the JPY pairs are looking great for longs just need a bit more development in the market. So lets wait and see what the markets have in store for us next week.
Have a great weekend and a great trading week for next week
Any questions feel free to ask and i will get back to you as soon as i can
Take Care
Ben
XAUUSD (Gold) Analysis and trade ideaGold had a recent break of structure to the upside.... so a return to impulse is expected. This would represent the HH, then the expected HL. Simple setup.
Watch out for the key level I highlighted, as that could turn price around, creating a higher HL, if you will.
Overall, I am looking for more Gold strength this week.
NZDJPY Analysis and Trade Idea... short-to-long!NZDJPY has been one of the strongest currencies for the last several days, while the JPY has been one of the weakest. This may change come with BoJ news on Monday. Rates may stay the same, but just be aware.
Price made a HH, and with a RTI (return to impulse) expected, we can short to the expected HL. There, we can take the more significant swing trade for a long position to the next HH.
The Short-to-Long, if you will.
USDCHF Analysis and Trade Idea... a long-to-short!USDCHF has entered a demand zone, and may potentially reverse here, as it returns to impulse.
USD is weak against CHF, so I do expect further declines in the upcoming week, at least for the short term.
There is a day trade for a long position to the bearish OB above.... then a more significant swing trade to the downside from there.
Weekly Market Breakdown - My WatchlistHere i go re-cap the trades i took at the beginning of the month and that i was stopped out on Friday
I also give my perspective on what I'm hoping for to happen in the first couple of trading days for next week.
Lets see how the market plays out
If you have any thoughts please do let me know. I would love to hear from you
Market Analysis AUDUSD This is my analysis on AUDUSD and what I am currently expecting and monitoring. If market structure begins to change then we will react accordingly, as of now I am bullish on AUDUSD and until price action shows me other wise we will be monitorting this pair very close on the smaller time frames.
AUDCHF Analysis and Trade IdeaAUDCHF has broken structure to the upside. We can see the HTF structure is looking to make a HH.... but my team is looking for the "return to impulse" that comes after a BOS. We want to trade that short.... down to the demand... where price will make a HL.. Then the team will look for the buy there, and take it to the following HH.
Check out the vid if you're confused or intrigued!
CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
NZDCHF Analysis: Downtown...?NZDCHF has hit a HTF bearish order block, and may be indicating a bearish response. Price has formed a 1H OB here, and price dropped a bit, and is now returning for a retest of the OB. I expect further declines. If price breaks the high of the OB, this invalidates this short setup. 0.65500 is the area I am watching for signs of reversal.
Look for your confirmations before entering any trade. No confirmations, no trade!
CADCHF Analysis: Going down?CADCHF looks like it is setting up for a short. After a long macro downtrend, price finally found buyers in April. Now, after testing the Weekly bearish order block, price is working its way down again, making LLs and LHs. The current D1 candle is bullish, but this may be only the short term. I believe price will reach the 1H bearish OB, and continue the bearish momentum.
USD (DXY) is Strong, for now....Looking at the US Dollar Index (DXY), USD is showing strength, breaking structure to the upside. It has entered a 4H bearish OB, and we are going to monitor it behavior here. Will it reverse soon? There is huge potential for that to happen. Price may show weakness in the next 48hrs, but for now, I would play the xxxUSD pairs to USD strength.