EURUSD - -- ---- EURUSD - SELL opportunity from H4. Top down analysis from Daily timeframe tapping into a valid supply and demand area. From there we can notice a nice liquidity area to show from the highs. Should be enough orders lying around there to bump us back down to the retest of the triangle formation we need to break out of.
GBPAUD - -- ---- GBPAUD - BUY opportunity from H4 Last week volatility showed us a nice bullish run across sterling pairs, we've broken out of the previous range and could potentially see a pullback once we tested the key level again. Large stop, but promising reward if we are able to reach the highs again. Nice significant fib in play as well where a retest on...
GBPNZD - -- ---- GBPNZD - BUY opportunity from H4 (Updated) After the consolidation we're awaiting a break from this bearish lower high.. if we can break through the 50 fib it would be interesting to see if we can catch the 61 fib hopefully with the trendline. If not its a nice KL and fib to get a small reaction.
GBPAUD - -- ---- Aggresive short on a third hit trendline and a local key level acting as a break retest. Considered to be quite the higher risk trade as the volume in GBP pairs are quite high, hoping to see a drop across all gbp pairs from today.
EURAUD - -- ---- LONG opportunity high risk, after the fundamental shift downwards this can be an aggresive buy opportunity! 50% fib level and local low in order to swing higher.
EURGBP - -- ---- After we've seen the huge push towards trhe upside from the rate hike on pound sterling last week, it would be nice to catch a retracement on the Key Level and fib level in order to continue going up where liquidity lies on the Daily and Weekly supply.
GBPUSD - -- ---- This could be the swing trade opportunity for a long. Its still miles awat, but seeing as on higher timeframes we've entered quite the nomans land my next opportunity for GU would be a swing from this region. 38% fib from swing low to swing high, and a nice liquidity block to potentially grab our orders and continue with the trend if we dont break...
USDCHF - -- ---- After a very active week on pound sterling we can see some strengthening for the dollar, even after the inflationary statements. I believe we're getting liquidity in this 4h supply to then continue down. Risky short with a tight stop, targetting the upcoming 38 and 50 percent fib levels.
GBPUSD - -- ---- Our first actual opportunity on the market with a GBPUSD short based on a fibonacci retracement and a key level. The ema is lining up nicely. Ideally we would want to short on the 61% fib. Will keep you updated which play to take. taking the 50% fib seems to be very aggresive, so awaiting the 61% might be handier.
CHFJPY - -- ---- Looking at a bit more CHF pairs, we can note their stability as a safe haven function when the rest of the market is in dissaray. We've created a very nice demand zone which as been highlighted, ideally we want to see a break retest of the current support and key level area to continue downwards and pick up liquidity from this demand. The ideal...
Traders, Whilst the GC position has been secured, we're leaving the rest of it to run. Lets look at DXY. New month, new order flows. What can we notice about how the dollar is behaving. Looking at the daily we know that we're in a strong uptrend, this goes hand in hand with the macro-economic data we have seen in October. Numerous PMI numbers to support this. In...
USDCHF - -- ---- Noticing how little CHF pairs actually deliver in pips per day makes it a very tricky currency to trade. These moves are not near around the p70-100 pips we see on GBP pairs. But that doesn't take away from an opportunity if one has come around. A short could come into play with a nice pivot point retracement to retest the highs and the...
GBPJPY - -- --- Here we see the opportunity after the whole BoE release information to catch a nice break retest of the significant daily fib, and the short 4h valid fib on this bearish trend we just created. Its a very aggresive play, but could be a nice pullback to monitor if we reach the order. Confluences being the break retest, double fib and kl.
GBPNZD - -- ---- As our latest GBPNZD short did a small pullback but didn't swing further, an aggressive approach to a pullback has presented itself. Small 61.8% FIB retracement after this heavy bullish momentum. Hopefully being able to complete the ABCD pattern which we wanted to do initially.
GBPJPY - -- ---- Strong momentum after a bullish JPY close last week, seeing order flow push into the YEN for the monthly closing. Small retracement/pullback play with 38 or 50 fib acting as the main confluence. Depending on how price action moves towards entry, we can expect to short from either fib levels. Finishing the ABCD pattern as our profit target.
Dear traders, thank you for the support back on archimedes capital! We've now become more active on our new project. New Eden. Make sure to follow the journey. GBPCAD - -- ----- A long could be arranged from this zone, we've already love tapped this demand and reached the upper zone. We're in a proper range and lets see if we can ride it one more time to the upside.