EURUSD fell quite sharply earlier London session-momentum on higher time frame is quite weakening which suggests for a short term correction. Trade Safe.
In my last analysis on EURUSD-i marked 1.1958 level to be retested, so from my last analysis till today-EURUSD moved up 400+ pips, i am expecting now is the right time as we have Feds rates decision so this event could push EURUSD to more upside to the mentioned level-technically price action is stalling near the resistance area but overall higher time frames got...
EURAUD broke out the support quite sharply, i am expecting the it to make an extended low to 1.58 handle, since the momentum is quite weaker across higher time frames and market is trading below my key MA. Watch out this market for sharp bearish moves. Trade Safe!
USDJPY is almost testing its resistance area with narrow range price action, momentum is weakening across the board, i am expecting a dead cat bounce to at least test the top of the bullish channel, thereafter i am expecting fresh falls. Watch this market closely. Trade Safe!
Scope for a more upside in this market to at least test the 38.2% Fib level, price action above the key MA and momentum still lined up, i am attempting for long plays to see if it makes money for me. Trade Safe!
CHFJPY rallied very sharply over the past few days, for now price action is forming linear compression and momentum is weakening across the board so I am looking to short this market. Trade Safe and have a great weekend!
EURJPY rallied nicely after a double bottom on 4hourly chart, for now price action is struggling heading up, i am expecting a pullback to be setting up, so watch this market for a possible short.
GBPJPY rallied very sharply past few days back, breaking out the short term downtrend line, price action is so far retesting this trend line, with signs of compression, momentum is supporting the view as well so I am dipping my toe into the water to see if it works for me. Watch this market carefully. Trade Safe!
NZDCAD is testing its major support on higher time frames, i am expecting a possible strong break of the current structure or a double bottom and then sharp rallies, so either way i am looking for longs on this market. Watch this out! Trade Safe!
SPX500 trading in a multi-days bullish channel with tops and lows. Price action is compressing near the resistance area. Chances are it continues compression a little further. Momentum is getting weaker as well so I am looking for a strong break. If you have your trading strategy watch out this market for shorts. Trade Safe!
USDCAD fell quite sharply over the past few days, It tested and broke out multi days up trend line, which seems to be a false break out as the momentum is quite weaker. I am looking for sharp rallies here, watch out this area and look for buys setups. Trade Safe.
CHFJPY is a nice runner from the start of this week but price action seems to be struggling to the upside whereas the momentum is getting weaker as well which is suggesting a sharp sell off. If you have your trading strategy watch out for shorts. Trade Safe!
EURUSD broke out the pennant pattern last week, price action fell quite sharply, but I am wary of the medium term momentum is getting weak. I am expecting for a possible reversal. Personally for me this could be an opportunity to build a trade of the year. Watch this market carefully and look for long plays if you have your trading strategy. Good Luck Traders!
In my last analysis-I mentioned for 1.1310 mark. Price tested the area and showing signs of compression. Its time for an action so i am looking to build my longs for a swing-watch out this market and I wish everyone best of luck. Find the link for my last analysis on EURUSD below this idea. Happy Trading!
Gold broke out weekly uptrend line few days back and so far price action is struggling to more downside. I am expecting a pull back to be setting up, watch out the area I mentioned for long plays. Trade Safe!
BTCUSD broke out the downtrend line, i am expecting the upside to continue to test the $8,000 over the coming days or so. Watch for consolidation here and buy on breakout.
My last call for Bitocin to visit $8,000 have almost there to the target. For now it is testing few of my key MAs and almost about to test the downtrend line. So i am expecting as if it breaks the trendline and forms linear compression, chances are it will test $9,900 or if it doesn't hold the trendline, most likely it will be testing its lows again around $5,400....
DAX almost completed a double top before it fell quite sharply, current price action seems like getting ready for fresh falls to test at least June lows. If you have your trading strategy, consider short setups. Trade Safe!