After a brief breather at the beginning of the last trading week, WTI set out to make new medium-term highs. After the price was able to reach the high of 13 July, the first weakness appeared. We assume that WTI will correct in the short term and take a short position. The target is the sellside liquidity, which is also the 61.8% retracement of the move since 17 July.
AUDCHF is in a long-term downward trend. The next logical target would therefore be the lows of March 2020 - the beginning of the corona pandemic... what were those times.... We know that the market rarely makes it easy for traders. Most recently, there were signs of stagnation in the downward trend. With the March 2020 low looking inevitable, the market will do...
Many people talk about the weakening German economy. Nevertheless, unlike the US markets, the DAX has recently reached new record highs. However, the weakness that is setting in is unmistakable. Currently, I see an excellent longer-term short opportunity with an RRR of 3.3:1 . The trade targets the still open weekly gap. Although there was a spike that filled...
USDCAD has been moving sideways for quite some time. After the recent price increase, the trend is already weakening again. We open a short position with a stop loss just above 1.3250 and target the upper edge of the latest bullish order block on H1, giving us a favourable RRR of 1.7:1.
So this is gonna be really massive: After interim losses, the EURJPY currency pair was able to recover, but the weakening trend is unmistakable. The chat shows a short setup with a great RRR. Nevertheless, we would advise against going short directly into the market and instead wait for a market structure shift in H2 or H4.
US markets appear battered, yet the overarching picture remains bullish. We are opening a long position with two take profits. It is probably no coincidence that the 50% Fibonacci retracement marks exactly the upper edge of a bearish breaker block. This is a short-term trade. We place the stop loss below the sell side liquidity and target the 50% retracement...
The euro had to lose a lot of ground against the USD during the week. It is currently stabilising at just above USD 1.11. We are opening a long position with two take profits: The first target is at 50% of the downward movement, the second target is in the area of the recent highs. We place the stop loss a little below the round mark of 1.11 USD.
After the rapid rise in the gold price last week, the market has recently consolidated and is showing signs of forming a top. On H1, a break in the market structure has occurred, resulting in a beginning bearish trend. We open a short position with an RRR of 1.88:1 and target the zone from which the price broke out upwards last week.
EURUSD comes out of the correction with strength. Retail trader sentiment shows that many private traders have recently opened short positions and are bucking the trend - the ideal conditions for an advance of the bulls. We target the area around 1.1260 and place a relatively wide stop loss to be safe from spikes
On Thursday, many buyers were swept out of the German benchmark index. The DAX, also known as the "beast among the stock markets", tends to show off and exaggerate strongly , only to then run all the more forcefully in the opposite direction . We try to take advantage of this principle and go long. An RRR of 2.33 makes the opportunity that Buyside Liquidity is...
That's exactly what we wanted: A retrace of the silver price to the $23 range. From here, I see a good chance that the downward trend will pick up speed again. In the short term, we are heading for the lows of late June 2023 with an RRR of 2:1 . In the longer term, the lows of March 2023 appear achievable. Here, the same entry and stop loss results in an RRR...
The British benchmark index is in a rapid decline. However, the market tends to simply "slip through" only in exceptional conditions, which I do not currently see in the overall market. There is a chance that there will be a short-term reversal at the March 2023 lows . We place the SL a bit below the low so that we get a reasonable CRV of 3:1 . In the longer...
WTI seemed to collapse. Many traders (me too) waited for the 65 USD, but the market reversed. The upward trend accelerated recently. A look at the retail trader sentiment shows that many private traders have opened short positions in the last few days. It is clear that the Big Boys need to shake this out before the overriding trend can continue. This idea includes...
It was bound to happen, but the vehemence was surprising. USDJPY lost almost 200 pips within a day and made little effort to defend itself against the raging bears. By evening, the pair was literally down - exhausted and beaten. The last trading hours seem to take away any hope for the bulls. The price knew only one direction in the past weeks - up. It is clear...
The Japanese yen has gained strength in recent days. Nevertheless, the upward trend has remained intact so far. Long entries are therefore still preferable. A further retracement is to be expected, after which a renewed attempt at the recently reached highs should take place.
For weeks, the gold price has been consolidating between 1,900 and 2,000 US dollars. Most recently, the range narrowed to between 1,960 and 1,930 US dollars. In the past two trading days, there seemed to be a downward breakout, but the price recovered quickly. The chatter seems clear: at the bottom, the range between 1,870 and 1,830 US dollars must be worked...
USDCAD is in a clear downtrend. No one seemed to be able to counter the buzzing bears lately. Recently, speculators have significantly increased their short positions - perhaps too late. It is to be expected that the late bears will first be thrown out of the market before the downward trend continues. I expect a further fall to the blue order block. There is a...
The TecDAX is something like the German NASDAQ (excuse the insult). The index was in a downward trend for a long time and has made up a lot of ground in recent months. Currently, the market is in a consolidation phase. Between March 2022 and January 2023, an inverse shoulder-head-shoulder formation was formed. A price increase up to the order block is expected. We...