Hello traders! Welcome to the new trading season of 2020!! I wish you a happy new year and a lot of success on your trading journey. The focused trading opportunity of the new week is EURNZD LONG TRADE. EURNZD Daily: On the daily, you can perfectly see how price found a supportive region (demand zone) after a meltdown of 1000pips!!!. I believe it is time for a...
Hello traders! As we are approaching to the end of the year and as well Christmas spirit, the market is going to become very slow and choppy. Now we have to be very patient and use strict risk management, as well as turn to the day trades only. NZDJPY SHORT OPPORTUNITY: Price is slowing down on the Daily TF and creating a various reversal patterns on the...
Hello traders! Very slow movement past week on the Aussie Dollar! this week we are having a lot of fundamental support for the AUD staring today in the Asian session. I do believe that we can push down before going up because the price is currently looking very much bearish but out of power. When you see slowing down in the price that means that bears are losing...
Hello traders! EURUSD very similar to the DXY as it's cross-referenced, now as I want to see the DXY push up first before going down, here on the EURUSD I want to see another move to the downside into the supportive regions before taking a long trade here, it can be a nice swing movement up on the hill. From last week's conditions, you can clearly see how one day...
Hello traders! A very slow week is behind us and we are stepping into the last month in the year December. As normally we are going to start with the DXY which is the catalyst for the market movements across the board. Technical: As seen the last week was choppy with few pips up and few pips down until the Friday which one candle engulfed the whole week and...
Hello traders ! Long term bias is bullish,however currently we want to see retracement to the down side to fill liquidity gab before shooting up. Now, we have minor trend line on 4h time frame + key level. If that breaks, we can expect re-test of broken TL and key level and then we have opportunity for short 100pips at least, before going into nice swing trade to...