Huge engulfing bar after retest of the breakout from the rising wedge pattern on the H1. UK MPS supported the Withdrawal Act Bill but voted against Prime Minister Boris Johnson's program motion Targets are set at 1R and 2R respectively. After the failed breakout to the upside yesterday it's looking like GBPUSD will experience a minor retrace, before potentially...
Natural Gas analysis for this week. Price broke out of the blue trend line I have drawn before coming back down to retest it. Price bounced up, but now is struggling to get past the minor S/R I have labeled. Wait for price to make a strong break and then enter on the retrace. No confirmation, no strong break out, NO entry. Free Daily trade analysis and...
Price has broken out to the upside of the rising wedge pattern for GBPUSD. My analysis yesterday said to go short if price broke out to the down side. We trade what we see. I see a possible breakout with a strong pinbar on the 15m off the upper blue trend line. The volume spike confirms there are interested traders at this price area. With bullish momentum in...
Corn currently is stuck in the middle of this range. Nothing really to say here. Corn is currently in the upward phase of the trading range after failing to reach the bottom of the range. Best to wait for price to make a move at one of the orange S/R levels I have labeled. There are plenty of other setups for commodities trading this week! Please see my...
Finally! Soybeans has broken out of the range its been trading at on the weekly time frame for almost a whole year. Wow. Will price continue to go up? Probably, I'm going to wait for a delicious retrace before entering long. Now since this is on the weekly time frame this might take a week or two before a setup emerges. Be patient, wait for confirmation, wait...
Hey traders, here's my analysis on GBPUSD for the next day or so. If price can break out of the rising wedge pattern, wait for the retest and confirmation before going short. Due to Brexit and other global factors there is a lot of volatility with the pound right now. Please trade accordingly and manage your risk properly. Risk management and managing your...
Hey everyone welcome to this week's forecast for the USDCAD. As seen on the chart price has managed to close BELOW the Engulfing Bar that occured the week of Sept 2nd. Bulls tried to push price back up but could not close above the high of the Engulfing Bar. I see this as a signal that Bears are in control in the medium term. After a sea of green candles...
Hey guys, here is my analysis of Gold last week and forecasting this week. We see that price has closed with a very small doji last week, with price not really making any sort of move in either direction. The bullish pinbar/doji from 2 weeks ago is still valid. Immediately after the bullish pin we had a bearish close, but the doji this most recent week has shown...
We can see on the daily timeframe that Bitcoin has broken out of a descending triangle pattern. It has reached my S/R level shaded in green. Wait for a strong signal either to the downside or upside from this key area to make a decision. If there is no signal do NOT enter. Be patient and wait for opportunities. Overall I am still bullish on Bitcoin long...
Hey everyone, so for the AUDUSD we have had a 3rd green close on the weekly time frame. I am still bullish in the medium term (next couple of weeks). Price retraced a little bit before closing very strongly for the week at 0.6856. I posted a long trade idea for AUDUSD 2 weeks ago targeting the yellow line. I see price going up to yellow line, it may experience...
If price can close below the rectangle structure I will look for a quick scalp for the next hour before 1pm Eastern. I will close all trades by 3pm before the weekend! Long term bias: Bearish Technical Analysis: Rectangle structure Also just wanted to say thanks for all the support. I will continue to try and improve and give you guys the best trade...
Big pinbar on the weekly from a strong support level. Price has failed to break past this key level twice now over the past couple ofweeks. I see price moving up to the yellow line for now. Price action: Pinbar Timeframe: Weekly Risk to Reward: 1.5 For your weekly analysis and trade ideas: Telegram: t.me Facebook: www.facebook.com Twitter:...
Price has broken past my purple line, and the last hour had a strong bullish close. Let's see if momentum can keep pushing price up here.
If price can break past the blue line with momentum, I will be looking for a small retrace before entering short and targeting the green line! Alternatively, if price stays above the blue line I will update you guys with a long trade. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram:...
Price has broken out of the bullish flag pattern. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com
Price has broken out of the rectangle area I mentioned previously. Price is now retesting look for a breakout to the downside! Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com
Price is currently stuck in this range! Depending on where price breaks out, I'm looking for a strong breakout + retest before confirming direction. Long term trend is down. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: Jaylen.Forex Website: www.forexshinobi.com
Price bounced off the trendline, and has retraced 50% before moving back up. Price action: the most recent doji on the trendline indicating an up move Technical Analysis: Price formed a higher low, indicating bulls are in control Fibonacci retracement: 50% For your weekly analysis and trade ideas: Telegram: t.me Facebook: www.facebook.com Twitter:...