EUR/NZD Short and USD/CAD ShortEUR/NZD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short
Minimum entry requirements:
• If tight 5 min continuation, reduced risk entry on the break of it.
• If tight 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Trader
Red Monday: Emergency rate cut needed? US equities just experienced their worst day since 2022, with the S&P 500 dropping 3.0%, the Nasdaq falling 3.4%, and the Dow Jones Industrial Average plummeting by 1033 points. All sectors in the US saw declines, with mega-cap tech stocks performing particularly poorly. Notably, NVIDIA saw a sharp fall of 15% during the trading day, though it managed to “recover”, ending down 6.4%.
Some have called for an emergency rate cut from the Fed, but this is unlikely as this event, as it stands, is not an existential threat to the markets. It's just a large sell off.
Did US stocks get off lightly?
Ahead of the US trading session, Japan's stock market experienced its steepest decline since Wall Street's Black Monday in 1987, fueling fears of widespread market instability.
Despite the severe sell-off, some relief came from the ISM Services PMI, which indicated a stronger rebound in the services sector, helping to alleviate investor concerns to some extent. Riskier assets, such as Bitcoin, were not spared, plunging from nearly $62,000 on Friday to around $54,000 by Monday.
Contributing factors to the market turmoil include fears that the Federal Reserve is lagging in cutting interest rates, potential unwinding of the Yen carry trade, and the Sahm rule signaling the onset of a recession.
This rule signals the onset of a recession when the three-month average unemployment rate rises by 0.5 percentage points or more above its lowest point in the past year. The threshold was surpassed recently when the unemployment rate climbed to 4.3%.
AUD/NZD Short, NZD/CAD Short and WTICO/USD ShortAUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short, AUD/CAD Short, WTICO/USD Short and NZD/CAD ShortAUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/USD Short, NZD/CAD Short, EUR/NZD Long and NZD/JPY ShortAUD/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short and AUD/NZD LongEUR/NZD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Long
Minimum entry requirements:
• If area of value tapped into by way of a three touch structural approach, risk entry after a 15 min rejection from it.
NZDCHF: Time For Pullback 🇳🇿🇨🇭
NZDCHF may bounce from a key daily historic support.
After its test, the price formed a cup & handle pattern on a 4H time frame
and broke its neckline with a bullish imbalance.
I expect a bullish move to a falling trend line.
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EUR/USD Short and EUR/GBP ShortEUR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/GBP Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short and GBP/USD ShortEUR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
MarketBreakdown | AUDUSD, EURCAD, GBPAUD, AUDCHF
ere are the updates & outlook for multiple instruments in my watch list.
1️⃣ #AUDUSD daily time frame 🇺🇸🇦🇺
The pair violated a key daily horizontal support.
It opens a potential for a further bearish continuation.
Next support - 0.648
2️⃣ #EURCAD weekly time frame 🇪🇺🇨🇦
The market is approaching a significant weekly resistance cluster
that is based on 2 important historic highs.
I think that we may see a correctional movement/pullback soon.
3️⃣ #GBPAUD weekly time frame 🇬🇧🇦🇺
The pair is unstoppable. The price keep going up rapidly.
Ahead, I see 2 important historic resistances.
I believe that we will see a pullback from one of these structures.
4️⃣#AUDCHF daily time frame 🇦🇺🇨🇭
The market looks very oversold after a massive selloff.
The price is testing a key horizontal daily support at the moment.
I think that we may see a pullback from that structure.
Do you agree with my market breakdown?
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USD/CAD Short and EUR/USD ShortUSD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/USD Short and AUD/CAD ShortAUD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
EURCAD: One More Bullish Pattern 🇪🇺🇨🇦
EURCAD formed a bullish flag pattern on a 4H time frame.
The upper boundary of the flag was broken during the NY session yesterday.
I think that the pair has a nice potential to go higher.
Next resistance - 1.501
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GBP/CHF Long and USD/CAD ShortGBP/CHF Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
SUGAR/USD Short, GBP/NZD Short, USD/CAD Neutral & GBP/AUD ShortSUGAR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/NZD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Neutral
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
• 1H impulse up above area of value.
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it.
GBPAUD: 2 Bearish Patterns 🇬🇧🇦🇺
I see 2 bearish patterns on GBPAUD.
The price formed a rising wedge pattern.
After its support breakout, the market also formed an inverted cup & handle formation.
Both patterns confirm the overbought state of the market.
We can expect a retracement at least to 1.912
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