GBPAUD made a strong bearish move yesterday and formed a 4HR imbalance, we are now watching how price reacts to that 4HR imbalance created. If it respects it, we'll dial down to a lower timeframe and look for Sells, if it breaks it, we can look for Buy Setups. Remember, Patience is your edge. PEPPERSTONE:GBPAUD
So as shown in my previous FX:GBPUSD idea, the sentiment is bullish for both PEPPERSTONE:GBPUSD and $PEPPERSTONE:EURUSD. The market showed an attempted correction on Thursday and Friday, EURUSD showed reluctance to break below Thursday low indicating a possible resumption of the Bull run. Watch how price reacts to that 4HR Imbalance and you'll have your trade...
So CAPITALCOM:GBPUSD has been on an uptrend for the past two weeks, thursday and Friday saw a slight correction but the new week seems to present a bullish run. An SMT comparison with CAPITALCOM:EURUSD shows a reluctance to break the Friday low. Keep your eyes on how price will react to the marked out sellside zone.
So I have been cautiously taking daily shorts on CAPITALCOM:OIL_BRENT due to the recent dip in the market and the mild uncertainty. USOIL has been on a steady beautiful downtrend, took about two shorts yesterday and my projection is we'll continue in a downtrend until we see a shift in the market structure, or probably till Friday when the Fed announces the...
Monday started off with a slip for Gold, looks like we might be picking up the Bullish Momentum back to the 2770 zone. Entered a brief long, waiting it out. CAPITALCOM:GOLD
The Overall Market sentiment on US100 and S&P 500 looks Bullish. A look at the S&P 500 chart shows it broke the recent ATH signaling a very strong Bullish momentum. Just waiting for confirmation on the 1HR timeframe on Nasdaq to make an entry.