What an eventful week we've just had. The AUDUSD pair did the three things we were expecting (anticipating) in the previous ideas. 1. Price closed above the 0.67700 level, finally. 2. Price tapped into that 0.68000 level and barely closed above it. 3. Price dropped massively on the second daily tap on that 0.68000 level and that can be seen on the hourly...
Howdy, howdy! Moving on from this week’s price action, we can clearly see that price has found support at 0.65848 and not the 0.65777 level we anticipated earlier this week (pretty close 😊). Anyway, what can we expect this coming week? 1. Well, for one, we still haven’t closed above the 0.67700 level on the daily time-frame (we have retested it again though)...
Two takeaways from AUDUSD as we start the new week. 1. Price failed to close above the 0.67700 level last week and looks to retrace last week's bullish move. 2. On H4/H1, price seems to be creating a short-term correction and that correction can be identified as a head and shoulder. Anticipation : We can expect price to drop down to the 0.65777 level (a...
Three takeaways from AUDUSD as we look forward to the new week. 1. The Monday Daily Candle is most likely to close bullish to start the new week (that’s the anticipation). 2. Price failed to close above the 0.67700 level last week BUT could still attempt to close above it this coming week or weeks. 3. On H4/H1, price seems to be creating a short-term...
The dollar is now in a consolidation phase with the possibility of this phase being a reversal for long term weakness on the dollar. We can expect price to give us a third touch on the resistance before dropping down.
We should see the Dollar finding support at the current support to continue pumping up.
We had a break of structure on the Dollar Currency Index and this means more buying opportunities this week.
We can expect the DXY to continue gaining strength this week, possibly to reach the marked zone before dropping hard. Other than that, pay careful attention to how price unfolds.
I'll be expecting a retest on the broken support and then having the pair dropping further after. However, if it doesn't retest I'll look for a continuation pattern to go short.
THE EUROYEN PAIR HAS GIVEN US A PERFECT PATTERN.
WE SHOULD SEE A CONTINUED DROP ON GOLD BEFORE WE GET BUYING OPPORTUNITIES - LONG TERM.
WE LOOK FOR BUYING CANDLES & MOMENTUM AT THE SUPPORT (OF THE CHANNEL) TO GO LONG. IT SHOULD BE A GOOD ONE!! #MSQUAREDNFX #FOREXJAGUARS #JAGUAR
A move down (to touch our support trendline) is to be expected.
The market recently tested our weekly low (first recorded on the year 2016) and is showing a strong bullish outlook to (possibly) reach 1.70000 in the coming months. Now, we'll use the uptrend channel to find opportunities to go long and short; based on the trendline strategy till a breakout upwards happen. Apply risk management and happy trading! :)
1. Look for reversal candles on both our resistances and go short. 2. You can wait for the price to break the support trendline and go short after a successful retest.
Look for bearish reversal candles inside the rectangle and go short. To take profit as indicated in the chart.
The breakout was indeed fake as I predicted on my last EURUSD idea and the TP was reached. We now expect the pair to go up for our next target. Look for reversal candles at the support (inside the rectangle) and go long. P.s. If the support doesn't hold we will wait for a retest and go short.