ScottMescudiForex

ScottMescudiForex Updated 

Hi traders! I don't have much to add that I haven't said in my previous analysis (I will link it down below in the related ideas) QUICK RECAP : SYMMETRICAL WEDGE 2 ORDER BLOCKS UPTREND CHANNEL SMALL DIVERGENCE Here's my take: EURUSD LONG: ENTRY : 1.18819 SL : 1.18112 TP : 1.22797 Trade safe! Disclaimer: This is my trading analysis, it is not an...

ScottMescudiForex

Hi traders! We have one very interesting setup right here. As you can all see, GBPUSD is ranging in this 100 pips zone since it's breakout. Amazingly, it finds the way to close multiple days at approximately the same price. Also, this lines up perfectly with a previous huge drop dating back to 2009. If this holds true, we may have this new support for quite some...

ScottMescudiForex Updated 

Hi traders! Gold may give us the same kind of pattern we saw on that last bull run it had before falling down to the abyss. MM looks again this week to flush every current long out before going back to its bullish ways. We have FOMC decision this week... and last time we had a Fed intervention in the market, we saw gold swing hard both ways (25$ swings) before...

ScottMescudiForex Updated 

Hi traders! Here we have one of the hottest trade that I had to draw of 2017. This is all kind of crazy! EURUSD is trying to get over that 1.20. It couldn't do it the first time but hasn't fallen much either after. This could indicate that buyers are still there support that idea. Now I had to look back in time to see that we had a order block on the weekly...

ScottMescudiForex Updated 

Hi traders! What is this? Going along with the USD? Oh it seems like we are my friends! MACD just crossed and DXY is finishing strong this wednesday close. RSI is lowering and all other pairs are following suit. This is for the short term but it seems that USD will be taking some breather and regain some of those losses before going back to that weakness that we...

ScottMescudiForex Updated 

Hi traders, The EURUSD took a dip when it went over 1.20. The thing is... it broke through so this means we will see that price again very soon. EURUSD is still within it's uptrend channel. DXY topped @ 92.00 during a nice bull run yesterday but has now retrace (may have been a top) I looked in a lower timeframe (4H) and it looks like we may have reached the end...

ScottMescudiForex Updated 

Hi traders, As we opened a LONG again on gold.... of course we will open a SHORT on USDJPY. The same analysis applies here. Look up the related idea in the link below to see what all this is about. USDJPY SHORT: ENTRY : 108.60 SL : 109.456 TP 1 : 106.866 TP 2 : 105.631 Trade safe!

ScottMescudiForex Updated 

Hi traders! Last week, XAUUSD hit our TP so perfectly... it kind of hurts!! Price went up to 1356 before dropping more than 200 pips. Now, since we had the retracement I was waiting for, we are going long yet again for the third time. Nothing has really changed in the forex market DXY still weak USDJPY still weak RSI topped and is lower MACD same XAUUSD LONG...

ScottMescudiForex Updated 

Hi traders, EURUSD swang both ways. Got sold quickly near 1.20 and got bought yet again in the order block below. This trade has a big big potential on RR. It's pretty rare that we go over 3.5:1 and this trade could be worth 6:1 MACD faked out everyone but still needs to prove it. EURUSD LONG : ENTRY : 1.1869 TP : 1.22735 SL : 1.17914 Trade safe!

ScottMescudiForex Updated 

Hi traders! As our last entry for the week (for a total of 3 including this one) we are now up a little over 300 pips! Analysis of this pair is coming off what is happening everywhere else. DXY made yet another 12 month low Gold made yet another 3 month high This pair broke again support today Closing under our FIB drew a month ago approx We got confirmation...

ScottMescudiForex Updated 

FYI......This idea was already posted. (already up 130 pips!) Now that we have confirmation of the break of the last resistance (1327). This gold BULL RUN, will continue until further notice Enjoy the pips Here is the trade that was proposed last Friday! XAUUSD LONG : ENTRY : BETWEEN 1320 -0.20% .00$ - 1325.00$ SL : 1318.12$ TP 1 : 1338.58 TP 2 : 1356.17$ Enjoy!

ScottMescudiForex

Hi traders, Following our super successful LONG. We had all positive USD news, which gave DXY a nice breather. It gave us a nice entry also. Refer to previous analysis to understand where this is going. Refer to this chart also! XAUUSD LONG : ENTRY : 1306.08 TP 1 : 1326.06 TP 2 : 1336.36 TP 3 : TRAIL! SL : 1298.86 Trade safe!

ScottMescudiForex Updated 

Hi traders! As I looked through my charts this morning, NZDUSD spoke to me. I'm seeing a head and shoulder pattern forming on the daily time frame! I'm torn though because I don't see the USD getting stronger but the NZD can make a case for itself to be a weak currency at the moment too. MACD is almost crossing and RSI bounced off the 50 line. The RR is pretty...

ScottMescudiForex Updated 

Hi traders! We had a clear reversal on the daily timeframe. MACD & RSI slowly showing us their hands. This pair is ranging in two uptrend channel. With todays fundamentals news concerning the US Dollar, this pair might get the strength it needs to push up again. I'm looking at the blue zone that we went through in bear mode. GBPUSD LONG: ENTRY : 1.2869 SL :...

ScottMescudiForex Updated 

Hi traders, I found that it was way too easy to short at 1300, a triple top and a change of trend? Hell no! Now we are back above 1290 which is key. PA couldn't close under our blue zone which is bullish to me. The same analysis applies here but I'll link it to our previous setup Trade safe!

ScottMescudiForex Updated 

Hi traders! A very simple trade with a very simple explication! XAUUSD finally gave up and let the bears claw back in. We have a clear reversal that happened last week. MACD gave us a fakeout and now confirmed and RSI is now dropping too. Trade safe!

ScottMescudiForex Updated 

Hi traders! I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right. USOIL SHORT ENTRY : 49.145 SL : 49.94 TP : 47.25 &...

ScottMescudiForex Updated 

Hi traders! As I'm looking at this chart, it's telling me that AUDUSD as somehow topped when it traded to 0.80 and now is looking for some retracement before knowing the real deal. MACD already crossed and RSI seem to have maxed out. RR is our favor here since we are shorting a TOP. AUD/USD SHORT ENTRY : 0.79307 SL : 0.80042 TP : 0.76887 Trade safe!