Good day everyone We are looking to go Short for the (short term)as we can see by previous data since OCT 22-DEC22 the market has moved 22% up and the pullbacks measure around 10-9% .Current market price sitting @21,8% ,Daily chart showing reversal signs/exhaustion of bullish trend,end of Q1 mark tends to reverse trend.we got untested daily highs @3695,51 &...
GBPCAD Weekly- BOS to lows (1.66114)had a nice pullback into 1.72000 area Daily- Bearish structure(LH,LL) We got daily support @ 1.70641 *Waiting for a break and closure of daily support before shorting(Break and retest) #BYKCAPITAL #LETSEAT
CHFJPY -@monthly highs _new weekly high(once we get closure above 170,534) _As seen in previous Bearish Legs (HH) when a new HH is formed a consolidation period begins before any bearish movement to the downside #BYKCAPITAL #LETSEAT
GBPJPY Weekly-Bullish (HH,HL) Daily-@High ,daily support broken,aggressive pullback into 188,000 area *Waiting for 4HR bearish structure form for shorting opportunities if we can stay below 188,500 shorts is valid #BYKCAPITAL #LETSEAT
GBPNZD Weekly_Broke minor weekly lows Daily_Broken low @2.04549 Nice pullback (H),created a new LL daily structure is bearish expecting a LH @2.06843 (FIB/area of supply) #BYKCAPITAL #LETSEAT
EURJPY -Weekly_Bullish,BOS to the lows@154,336(potential reversal zone) -Daily_Bullish,creating HH,HL ,Price is headed to a area of high confluence(FIB,untested daily support) 4HR_ we will wait for support resistance form before any shorts taken #BYKCAPITAL #LETESEAT
EURJPY Weekly BOS to the lows(Possible trend reversal) Daily support broken to the upside we were expecting a pullback as seen in previous bullish leg NEW HH formed *Looking for a correction into a high confluence zone for long/Buy opportunities Target area 161.000 #BYKCAPITAL #LETSEAT
USDCHF Weekly_Bearish,@ weekly Low(Potential reversal zone for a pullback) Daily_waiting for daily resistance to form, creates inducement of sellers(Possible sweep of support once formed) *we looking for a closure above resistance on daily time frame , then wait for Pullback(B&RT)for entry as seen in Previous LL for these longs to be valid dollar needs to be...
NZDCHF *Weekly_Bearish,Weekly lows taken @0,53778 *Daily_Bearish(LH,LL) *4HR_waiting for daily break of structure(Break and retest setup),Rejection of bearish trendline for continuation to the downside #BYKCAPITAL #LETSEAT
EURJPY Weekly-BOS to lows Daily-@lows,Awaiting daily Resistance (once broken will confirm up trend for buy setups) 4HR-We got BOS to Highs already showing bullish structure(Confirmation for Buy setups) #BYKCAPITAL #LETSEAT
GBPJPY *Weekly_Bullish *Daily_Bullish @Major lows(potential reversal zone) -Waiting for Daily structure to form -IF 178,038 Holds we are still bullish on GJ -Saturday_CNY CPI y/y (News) #BYKCAPITAL #LETSEAT
USDZAR Weekly:@weekly highs,Failed to make a new HH(Possible Trend reversal) Daily: Breaking daily structure *waiting for a break of 18,27120 for bearish confirmations and will be looking for short opportunities #1st Bullish leg_Jan 2016-Feb 2018(2years) #2nd Bullish leg_April 2020-June 2021(2years) #BYKCAPITAL #LETSEAT
NZDCAD Daily_@ daily highs(reversal zone) 4HR_We got sweep of highs,lows got taken(BOS),looking for reversal signs @ FIB levels *Current price on a pullback to reversal zone,will be looking to short. #BYKCAPITAL #LETSEAT
USDCAD Weekly-in a range @High(sweep of previous high march 6/23 Daily-daily BOS(possible trend reversal),waiting for a pullback for short setups,could get a bounce of bearish trendline("3RD touch") #BYKCAPITAL #LETSEAT
NZDCAD *Weekly_Bearish *Daily_Bullish *4HR_@ potential reversal zone,waiting for BOS to lows,Potential manipulation of highs for a sell off #BYKCAPITAL
*WEEKLY_ BOS to the lows possible trend reversal @ 78,60% FIB *Daily_Bullish *4HR_BULLISH (Creating HH & HLs)Waiting for reversal signs #BYKCAPITAL
GBPJPY *Daily_Bullish,we had a fakeout @184,615 (BOS) Swept the High currently in 4hr Bearish structure *4HR_Bearish,Caught sells on 28 November hoping it would create new daily LL fortunately for us there is a new potential short setup ,with a Pullback and signs of more continued bearish momentum to the downside #BYKCAPITAL
NZDJPY Weekly:@weekly highs Daily:@Daily Highs 4HR:BOS to lows,1HR Supply failed(internal bullish structure)looking for reversal signs for the continuation lower #BYKCAPITAL #LETSEAT