TheChimpParadox

TheChimpParadox

Price entered a Resistance+ a Supply zone on D1, it got rejected making a lower high and now it closed on M30 below previous low.My TP zone it aligns perfectly with a weekly demand zone around 3.38 + 0.618 FIB from previous low at 2.9990, however I am closely watching few H4 Demand levels along the way and see how price will react there. The first H4 demand zone I...

TheChimpParadox

Looks like a great support for a long with some fundamental strength aswell with stable Eurozone current account data and institutional EUR buying could support EUR strength. NZD’s deteriorating trade balance and lack of bullish catalysts make it vulnerable, favoring a potential EUR/NZD rally. Trade smart, be kind and stay strong

TheChimpParadox

I believe this is a solid setup for a short with all the confluences aligned in the picture and fundamental pressures include potential GBP weakness from soft UK data, dovish BoE signals and CHF strength from safe haven flows or SNB hawkishness TRADE SMART BE KIND AND STAY STRONG

TheChimpParadox

(APOLOGIES FOR THE PREVIOUS POST, I GOT THE SIGNAL TO ENTER THE TRADE AND I WAS OUT OF THE HOUSE SO I TRIED TO PUBLISH THE POST FROM MY PHONE, NOT A GOOD IDEEA :)), I JUST RE-POST IT PROPERLY NOW.) Silver looks like it is in at a resistance area and with DXY showing resilience plus high interest rates and weakening of industrial demand make’s it a solid sell...

TheChimpParadox

Silver looks like it is in at a resistance area and with DXY showing resilience plus high interest rates and weakening of industrial demand make’s it a solid sell Set-up Trade smart, be kind and stay strong💚

TheChimpParadox

From a technical point of view it looks pretty bearish with 4 confluences found and displayed in the picture is a solid sell set-up.From a fundamental point of view things also look pretty bearish for the pair with NZD being weakened by RBNZ’s dovish policy, trade deficits, and exposure to global risk-off sentiment, while JPY benefits from BOJ’s policy shift and...

TheChimpParadox

This is one of the trade ideas for this week. NG looks like it found a good support at the psychological round number 3.0 and previous support level. Fundamentals are a bit of a mixed bag, however potential increases in LNG exports (driven by trade deals) and industrial demand from AI data centers and reshoring could provide bullish support in the near term....