Jackson-FX

Jackson-FX

For the upcoming week, I'll be looking for long opportunities on EUR/USD, despite the higher time frame market structure still showing lower lows and lower highs. Price has left an imbalance around the 1.02 zone before becoming bullish, which could be a key area to watch. The liquidity below the 1.03284 swing low has already been liquidated, suggesting the...

Jackson-FX

USDCAD appears to be potentially gearing for bearish momentum now that the equal highs have been liquidated. This is more of a forecast regarding a possible change in direction rather than a specific trade idea. On a higher timeframe, my bias remains bullish, as I still expect the equal high liquidity at the 1.46965 level to eventually be traded through. However,...

Jackson-FX

In my analysis of EUR/USD, I anticipate that the price will continue with bullish momentum. On the higher timeframes, the market has not produced a new lower low after taking out its previous low at 1.02250. Instead, price has formed higher highs, signaling potential bullish continuation. The formation of equal high liquidity at the 1.028 level further strengthens...

Jackson-FX Updated 

The FOMC release on Friday resulted in a break of another structure to the downside. However, price has not yet tapped into the higher timeframe demand zone, so my bias remains bearish for now. The latest supply zone at 0.6200 is where I anticipate a bearish retracement into the demand zone. I expect this week's price action to move deeper into that zone,...

Jackson-FX

After price failed to produce a new high above the 1.44675 level, it suggested a potential shift in momentum, with the bullish trend weakening. This was confirmed when price created a new swing low after breaking a significant structure level, indicating a bearish market shift. Following the bearish break of structure, price retraced to the 50% Fibonacci level,...

Jackson-FX

EU remains in a downtrend on both higher and lower timeframes. From the current swing low, my analysis suggests the market is undergoing a bullish correction phase before continuing lower. The next key level to watch is the last area where bearish structure was broken, which I expect to be mitigated or tested before positioning short. Price nearly traded into a...