ScottMescudiForex

ScottMescudiForex Updated 

Hi traders! EURUSD finally met some real resistance when it touched 1.19 and didn't find the strength to come back. Some drop were bought and it didn't create any momentum. Great RR trade right here. RSI is in the lower band. EURUSD SHORT ENTRY : 1.17701 SL : 1.18424 TP : 1.15749 Stuck in order block. Trade safe!

ScottMescudiForex Updated 

Hi traders! USDCAD has been consolidating in a small region for quite some time now that it has touched a huge support. It may finally be the support we been waiting for.. FOR THAT BOUNCE! Long term is still bearish-ish... but now we can stand tall and LONG this trade now. MACD & RSI begging for a correction!! USDCAD LONG : ENTRY : 1.24911 SL : 1.23758 TP :...

ScottMescudiForex Updated 

Hi traders! With todays news, the DXY got hammered real hard. Gold rised to the occasion but somehow USDJPY didn't follow suit. This looks like a late catch. Entry : 111.201 SL : 112.07 TP : 108.16 Trade safe!

ScottMescudiForex Updated 

Hi traders! With DXY bottom each and everyday without caring about anything else... GOLD will continue to push higher also regardless. I'm thinking it will go back in it's bull channel that it broke some time ago. Trade safe!

ScottMescudiForex Updated 

Nothing is standing in the way of the bulls now. Resistance has been met and price doesn't fall down. DXY still making new low everyday. NZD and AUD didn't quite catch that upside that other pairs got last friday. I'm expecting a push up yet again! We have to wicks that retraced back into our zone as it tried to break down but was unsuccessful. NZDUSD...

ScottMescudiForex Updated 

Hi traders! EURUSD has been teasing us with a possible breach of the 1.17 zone but apparently it has to correct itself before doing so. My analysis shows that we could profit off a short before going long on this pair. MACD giving mixed signals and RSI is oversold for quite a moment now! EURUSD SELL ENTRY : 1.16348 SL : 1.17074 TP : 1.13778 Trade safe!

ScottMescudiForex Updated 

Hi traders! Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow...

ScottMescudiForex Updated 

Hi traders! USDCAD has been falling like rock for quite some time now. It is due to correct itself if it wants to continue this fall. I aim for a 0.5 FIB retracement for this analysis. RSI AND MACD begging for a correction up before dying as indicators for life!! Trade safe!

ScottMescudiForex Updated 

Here we have the last chance to go long on this pair before it blows up again! USD is weak and that won't change for the moment. USDJPY is dropping like a rock. For more info, check out the chart and analysis above! Trade safe!

ScottMescudiForex Updated 

Hi traders! A weekly chart! We need to see the bigger picture here. I finally see NZD pushing through these bearish time to get back up to a new zone in of interest. You can always catch similaties between this and the AUD. The AU has been able to push on last friday and I can easily NZD trying to do the same this week. NU hasn't been able to close either daily...

ScottMescudiForex Updated 

We have a nice pattern here on the USDJPY. We are sitting right on the 618 FIB, just ready to make that drop. See chart for more analysis.

ScottMescudiForex Updated 

So far, XAUUSD played out perfectly in our analysis. You can refer to our previous charts posted here. RR is amazing on this one. Trade safe!

ScottMescudiForex Updated 

This trade is very interesting. We are looking at a war between the bulls and bears since we went near that monthly resistance. Until it can stay above that line on the daily timeframe , I am suggesting a short with a nice RR. For more details, look at the analysis above. Trade safe!

ScottMescudiForex

This trade is very interesting. We are looking at a war between the bulls and bears since we went near that monthly resistance. Until it can stay above that line on the daily timeframe, I am suggesting a short with a nice RR. For more details, look at the analysis above. Trade safe!

ScottMescudiForex Updated 

Hey guys! We shift our focus on the NZDUSD this week. We have a great RR trade here. See the chart for the analysis. Also it is important to mention that the RSI and MACD are telling us that we have stalled in this uptrend. Maybe the drop isn't imminent as these indicators can stay high longer than a trader can hold a position but we will have a correction coming...

ScottMescudiForex Updated 

Hey guys, This week we have a nice SHORT setup forming on the AUDUSD. We have multiple signal pointing that AUDUSD will drop this week to retest the zone I highlighted in my chart. For some info, check out my analysis. Trade safe!

ScottMescudiForex

Hey guys, This is more of an update to a previous analysis we had. We had a good short on gold before we went long on the rebound. It is now clear that gold broke to the downside and it's trying to go for our new zone highlighted in our blue rectangle. We could see a bounce off the last FIB or it could go straight down to our preferred zone. PA is always key. We...

ScottMescudiForex Updated 

USDJPY has been trading in a very tight range (like XAUUSD, which are always going opposite ways btw). UJ couldn't break through that 0.618 which is also a weekly resistance for this pair making this short a very good one RR trade. I will be shorting this pair from here and I'm looking for a retest of the bottom of the descending bearish channel. Trade safe!