ScottMescudiForex

ScottMescudiForex Updated 

Hi traders, Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me. WEEKLY CHART = LONGER TERM TRADE EURUSD LONG: ENTRY : 1.1733 SL : 1.16426 TP : 1.22769 Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade

ScottMescudiForex Updated 

Hi traders, Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me. WEEKLY CHART = LONGER TERM TRADE NZDUSD LONG: ENTRY : 0.68332 SL : 0.67462 TP : 0.72689 Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade

ScottMescudiForex Updated 

Hi traders, Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me. DAILY CHART = LONGER TERM TRADE XAGUSD LONG: ENTRY : 16.973 SL : 16.824 TP : 18.239 Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade

ScottMescudiForex Updated 

Hi traders! Here we have yet again... our dear friend.. GOLD! (XAUUSD) Since it ascension to 1900$/oz, gold has been retracing itself to no end. It broke it so important support of 1550$/oz and began it bearish trend. You can clearly see the MACD showing the death of the bulls. It even stayed flat the bottom for a long period of time. Somewhere, somehow.. in...

ScottMescudiForex

Hi traders! This is DXY REVISITED We covered the DXY in the STATE OF THE MARKET VOL.2. At that moment, the price finally bounced of our order block and found some kind of momentum upward. That bull run had a few legs because it ran for some time before finding resistance around 95.00 Like any type of trend, the price has to retrace to become a healthy run....

ScottMescudiForex Updated 

Hi traders, The USDJPY and DXY make some really technical stuff from yesterday to now. We are witnessing a pure technical retracement on both UJ & DXY. In the world of forex, things just don't go straight to the point they are going to. They will (most of the time) bounce between resistances, supports, FIB extensions and order blocks. This is basically what I'm...

ScottMescudiForex Updated 

Hi traders I am on mobile right now so it's hard to do this. I'll update the analysis later down below. I just wanted to share this opportunity with you all. Here is a chart I drew earlier. Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade

ScottMescudiForex

Hi traders, This is technical as well as fundamental We have a full FIB retracement of previous bull run We have gold running up (which helps AUD) DXY turned the corner yesterday when it broke its uptrend channel. Here's what I'm thinking : AUDUSD LONG: ENTRY : 0.75987 SL : 0.75315 TP : 0.78375 Trade safe! Disclaimer: This is my trading analysis, it is...

ScottMescudiForex Updated 

Hi traders, This analysis is purely technical. A break down of the order block down below opens up a BIG BIG gap down. MACD on the monthly is about to cross. Also worth noting that on the monthly chart we retraced on the 0.5 FIB extension pretty perfectly. Here's what I'm thinking : NZDUSD SHORT ENTRY : 0.6917 SL : 0.69952 TP : 0.66659 Trade safe! ...

ScottMescudiForex Updated 

Hi traders, Silver has been giving us bearish signs lately. Its movements (bearish wicks) are showing us selling pressure up above. Mix this with what it now looks like a downtrend channel.. and we have a potential bearish run ahead of us. DXY just can't seem to really fall at the moment which is not a positive outlook for silver. As we all know, commodities like...

ScottMescudiForex Updated 

Hi traders! EURUSD got smacked like every other pairs last week. Now it did the technical thing it had to do before resuming its downtrend. PA moved through the order block and touched the right FIB extension. Nothing more to say here, it's pretty self explanatory. Here's what I'm thinking : EURUSD SHORT ENTRY : 1.1648 SL : 1.17301 TP : 1.14669 Trade safe! ...

ScottMescudiForex Updated 

Hi traders, I must admit... I called this trade a little early for my students yesterday! I didn't though it would go back a second time test out the new support tuned resistance + FIB extension above. I'm not mad though.. a double confirmation is even better to show us that the bear trend is in full effect. Now we are looking for this pair to resume what...

ScottMescudiForex Updated 

Hi traders, (As always, this analysis was shared with our students first) USDCAD made a perfect retracement of the 0.5 FIB of the previous trend. USD might make another push against all pairs this morning when the NFP stat will get released. This is a HIGHER RISK trade because trading before fundamentals news creates gap and does it usual SL hunting. Here's...

ScottMescudiForex Updated 

Hi traders, (As always, our students got the analysis early) Following today NFP numbers, I saw a clear bear flag forming on this pair. I notified our students right away without having the time to share the chart. Here is it.. the analysis!! Here's how I entered this trade : XAUUSD SHORT: ENTRY : 1277.04 SL : 1285.04 TP : 1237.77 Trade safe! ...

ScottMescudiForex

Hi traders! For the past months, I kept getting notifications about the DOW and SP500 making 12 months high always weekly. I always keep an eye on what is happening on this side of the market even though I only focus on trading forex pairs and commodities. I only like to observe the SP on the largest of timeframes.. MONTHLY. It gives me perspective and an...

ScottMescudiForex Updated 

Hi traders, (As always, our students got notified early about this analysis) King Dollar crushed every pair yesterday, creating a new trend. UJ somehow was one of the smallest intraday movement I saw. I guess that weekly (almost monthly) resistance got in his way. The trend is your friend and it will be ours today too. This is either a triple top or we are on...

ScottMescudiForex Updated 

Hi traders! (As always, our students got notified early about this analysis) The AUDUSD is currently in a short term downtrend but in a longer term bull cycle. You can see in this chart that AUDUSD got hammered past few days and did a 3 month low. Looking at the weekly FIB extensions we may have now hit a wall. Concidently, that FIB extension lines up...

ScottMescudiForex Updated 

Hi traders! GBPJPY is standing in a funny place. After a huge bull run was over, it was met by a healthy retracement. I'm getting plenty of different signal from this chart. I have 2 set of FIB extensions set in this chart because the up move was too strong and have super big gaps between the extensions. I have one for the weekly & one for the daily. Also, I...