Thetraderscollective

Thetraderscollective

USDCHF remains a slow mover but is currently retesting the key 0.90410 level after breaking below it. A solid 4H close beneath this level would confirm a sell setup for me, with 0.89200 as the first take profit target. Patience is key here—waiting for proper confirmation before entering. Keeping a close watch on how price reacts at this level.

Thetraderscollective

Yesterday, gold made a deeper pullback to the trendline near 2730 before reclaiming 2746 and holding above. Now, we’re hovering around the key 2761 level. The bias remains bullish, but I’m noticing a potential head and shoulders pattern forming on the 4H, which could lead to a pullback to 2718—possibly aligning with FOMC volatility. Key buy zones to watch: 2718,...

Thetraderscollective Updated 

USDCAD is approaching the key 1.47000 zone, a level untouched since 2003. It’s only tested this area three times (2016, 2020, now), each time rejecting with ~3,000 pip drops. With CAD weakening, a retest of this zone could happen in the coming weeks. Stay alert!

Thetraderscollective Updated 

USDCHF has been a bit of a slow burner as it continues to fill out the right shoulder of the pattern. The bearish bias remains intact as long as price stays below the key level of 0.90685. However, no entries will be considered until we see a clear break and retest of 0.90401, which would confirm bearish continuation. Patience is key here—waiting for proper...

Thetraderscollective Updated 

XAUUSD played out as expected on Friday, and so far today, we’re seeing a pullback to the previous lower high level of 2746, where rejections are forming. If price holds above this level, we could see a push to test 2761, and if that breaks, gold may continue its climb toward the all-time high at 2788. However, if 2746 fails to hold, expect a deeper pullback...

Thetraderscollective

EURUSD appears primed for a bearish move after Friday’s pullback to the key 1.05000 level, which played out as anticipated. However, given the strong bullish weekly close and the absence of any major news events today, I’m opting to stay patient and wait for the daily candle to close before considering an entry. This will provide better clarity and ensure a...

Thetraderscollective

USDCHF update: Yesterday, we didn’t get the break below 0.90410 that we were looking for, but the 4H structure remains bearish. The pair is still creating lower highs and lower lows, with price currently sitting around the lower high region near 0.90685. The bearish bias remains intact, but given how tricky this pair has been recently, it’s essential to wait for...

Thetraderscollective

Gold analysis update: This week’s price action has played out as expected. We saw a key break of 2718 early on, which invalidated the triple top rejection and confirmed bullish momentum. Following that, price made a clean break and retest of the 2746 level, with yesterday’s daily candle closing bullish—though with less momentum compared to Tuesday’s 400-pip...

Thetraderscollective

GBPNZD Analysis: Waiting for Key Closes From a swing perspective, GBPNZD is a no-trade for now, with a bias still leaning bullish. The higher timeframes (daily) show a deeper pullback into the previous higher high, indicating we may be in a consolidation phase. If today's daily close is below 2.17900, we could see a deeper pullback toward the 2.14900 region...

Thetraderscollective

GBPJPY Analysis: Key Levels to Watch Since rejecting 198.500 on January 8th, GBPJPY has been in a steady bearish descent, completing an M-structure on the daily timeframe. Fundamentals continue to support JPY strength in the coming days and weeks, suggesting further bearish momentum. However, keep in mind that we could see a bullish pullback before the next leg...

Thetraderscollective

Gold remains bullish, but we're approaching a significant resistance level at 2748. On the 4-hour chart, this level has already formed a triple top: November 25th, December 24th, and January 16th. These repeated rejections highlight the importance of this area as a decision point for price action. For a continuation of the bullish trend, we need to see a strong...

Thetraderscollective

On the daily timeframe, #AUDCAD remains in a clear bearish trend, but as discussed earlier, the pair is currently in a pullback phase, forming a potential lower high. At present, price is hovering around the 0.88966 level, which serves as a key area of interest for sellers. Traders should be watching closely for signs of rejection or bearish confirmation at...

Thetraderscollective

On the daily timeframe, #XAUUSD continues to show bullish momentum, driven by the strength seen following Friday's NFP data. The market has established a clear trend, with Monday's price action forming a lower high pullback that has since been broken. Yesterday, we saw price break and retest the 2668 level, further reinforcing the bullish bias for the time...

Thetraderscollective

Only trade I'm currently in GJ seems to have completed its pullback and I first expect a fill of yesterdays wick before breaking and creating a lower low - bear in mind this may not all happen today. Happy Trading

Thetraderscollective

AUDCAD continues to show bearish momentum on the daily timeframe, but the current level can be interpreted differently depending on how the trendline is drawn. If the trendline has already been broken, the pair appears to be continuing downward after retesting the 0.88041 level during the Asian session. Alternatively, if the pair is still respecting the...

Thetraderscollective

GBPNZD is currently hovering around the 61.8% Fibonacci retracement level on the daily timeframe, which also aligns with the previous higher high. This area is a key zone of interest, as it may signal a potential buying opportunity targeting the next swing high around 2.28860. However, it’s important to monitor price action closely near the 2.23406 level, as...

Thetraderscollective

Gold still bullish based on higher timeframes after breaking the 2655 KL with Fridays NFP. We still have close to a 300 pip bullish move to 2715 before reassessing the trade - as we could create a triple top at this level and pullback before continuing higher. If this does happen we could have a deeper pullback to c2585 before creating a new higher high (which...

Thetraderscollective

Trade idea for AC: - Still bearish on Weekly and daily timeframes but 4hr seems to be doing a pullback into c0.89733 liquidity zone retesting the previous lower high. Based on the 4hr: - Looking for the next 4hr candle to close bearish below the 0.89733 area of interest where we can anticipate a break below the 4hr level of interest we couldnt break yesterday...