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AUDJPY Analysis (2nd May 2024) AUDJPY Analysis On the 1 Hour timeframe, price has rejected off a high probability orderblock and coming lower after a strong rejection off the orderblock. There are 2 scenarios i am looking at: 1) Price comes down and breaks the most recent higher low at 102.204 to look for a break and retest on the 1 hour to continue shorting. 2) price to respect the 1 hour OB and create a 5/15 minute change of character before looking for confirmations to long. It is important to take into account what the JPY Basket does as it tells us how strong or weak the yen is.
by CallistoFX
EURUSD Analysis (1st May 2024) Market Analysis PT2/2 (1st May 2024) EURUSD Analysis On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from. Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute timeframe to look for a bearish Change of character for some potential A+ sell set ups to continue to bearish momentum. P.S. : There is EURO Bank holiday today, so do expect smaller volatility in the markets, but yet again the markets are unpredictable. Lets see what london brings us🐳
Short
by CallistoFX
1
XAUUSD Analysis (1st May 2024) Market Analysis PT1/2 (1st May 2024) XAUUSD Analysis On the 4 hour timeframe, we have confirmed a 4 hour MSS with price closing very bearishly on the 4 hour timeframe. Dropping to the 1 hour timeframe, price action here has created a 1 hour OB, along with a 1 hour FVG just right under it. Looking for price to retrace during asia session into the FVG/OB before looking for a 5/15 minute CHOCH to look for shorts. This week is Price action will be alittle messy due to ADP and NFP coming up. So do trade carefully!
FOREXCOM:XAUUSDShort
by CallistoFX
1