GeoRiches

GeoRiches Updated 

Potential trade setup on the 1-hour timeframe for GU. Price action is creating a nice "expanding bearish triangle" pattern which could make another retest towards the price level (1.24000) before continuing in the sellers direction. Going back to April 10th, you will notice the support that was created multiple times before price created indecision candles closing...

GeoRiches Updated 

Expecting Uj to reach 134.500 - 134.600 level before making any sudden movements from price action. Price could make another retest near 133.800 for another buying opportunity. Decisions that were made from the federal revere last week will cause the buyers to keep pushing the dollar (DXY) in long positions. Overall, Uj is slowly breaking the resistance area...

GeoRiches Updated 

Looking at this trade setup on USD/JPY is setting up for a buy opportunity if price continues to show strong buying momentum, pushing the sellers out of the equation. You will notice 4 to 5 touches that price makes from price creating support to price breaking it then re-testing that same area which then becomes resistance. Price was in a phase of...

GeoRiches

Looking at the past historical data on the dollar index, you will notice two zones that showed points of interest when price broke and retested those zones more than once. You will notice the mark up indicating one more retest before price continues to fall. This will help arrange other potential trade setups throughout the week.

GeoRiches Updated 

Doing some quick analysis for the weekend and noticed this possible setup for the crypto traders. Normally, I don't trade the crypto too heavy but, this trade setup looks awfully nice. I set my alert and will be taking this trade once price activates my buy limit price. Let me your thoughts down below in the comment section. Thank you!

GeoRiches

This is a possible setup for GU if the dollar continues to be bullish for this upcoming week. Last week on Friday, we had NFP push the DXY in the buyers direction with positive figures like; the unemployment rate dropping to 3.5%. Now, you will notice that price has been making LL's (Lower Low's) on the 1H time frame followed up by the engulfing bearish...

GeoRiches Updated 

Simple breakdown for one of my favorite indices to trade in the financial markets. You will notice where price is currently right now it created sessions high once New York session opened creating those upper wicks (possibly "Tweezer Tops") on the 4H chart. Investors sentiment created that spike with company earnings releasing this week for U.S. stocks and also,...

GeoRiches

This is a quick breakdown on the DXY (Dollar index) and what I see for start of the trading week. Overall, I see the DXY bullish breaking 100.750 area and doing a simple break/retest on that previous high. You will also notice on the 4H chart that engulfing bullish candlestick that shows that the buyers are not done in this market followed up by the ascending...

GeoRiches Updated 

Possible trade setup for the buy opportunity on EURUSD. This pair has went through its consolidation period and made the breakout towards the upside, but I still need more levels of confluence to take this trade. Notice the EMA (Blue) acting as support on the 4H chart with price action making market structure. Multiple rejections on the fib tool sitting at 61.8%....

GeoRiches

In this quick glimpse for the DXY we began this year with a solidify phase of consolidation. You will notice that the DXY was bullish towards the end of 2021 with fundamental news and inflation impacting the value of the dollar. You will also notice market structure on the daily (D) timeframe which it created HH's and HL's before changing course of direction but,...

GeoRiches

If you take a quick look at the structure that the pound was following which was a sellers market, you will notice the 3 red arrows showing each LH (Lower-High) creating 3 touches that formed the downtrend line. Also, you will notice a blue dotted line from price action showing a support zone back in September of this year. In this case it is safe to assume that...

GeoRiches

This is a quick update on Gold. Over this past weekend the market setup for Gold looked really good for a buy orders with the bulls taking over the sellers. Catch those pips!

GeoRiches

Happy Sunday! I see this simple setup with the markets just opening up! Let the market generate volume with banks and retail traders that are spectating on economic updates and aggregate demand between both countries. The value of the dollar could potentially decrease this week with NFP creeping upon us this Friday. Catch those pips!

GeoRiches

This is just a thought on how price action can potentially move in a bullish direction for Gold. But, since we have a little bit of market sentiment and political events that has the market moving. We can spectate on this move to take place next week since the market is coming to a close which doesn't generate enough volume for volatility. This highlighted area...