UnknownUnicorn15362357
EURGBP breakout of a descending trendline on the cards. Lower timeframes are in a bullish structure as we gear up for a break. I think if there's a surprise in the fundamentals we could get a fast bounce, but it may be gradual over the next month, stay patient!
Oil has been propped up in recent days on the back of EU embargo on Russian oil rumours. It seems as if there might be a consensus among the member states but most are requesting exemptions for at least a matter of years before they are forced to get off it. China are also struggling with COVID-19 implications, lockdowns and seems as though the supply chain link...
The Pound is in a precarious position whereas the Euro probably seems the safer bet of the two. I expect a gradual bull run to take place, patience is a must here because the time of the fundamentals unfolding will take time, so getting a solid entry and riding it out will be the way. Technicals will also be posted on my page for the timeframes below!
EURUSD has formed a range at the 1.05 level over the last few days suggesting a support has formed here, at least temporarily. If this support is indeed a strong one, we will see a break of the structure on lower timeframes to at least 1.0650-1.0675. I'm not as confident Euro can rally higher than that, we'll more than likely continue some ranging structure if...
My analysis for EURUSD on the monthly timeframe. Includes some simple fundamental perspective but if you want to discuss fundamentals in depth feel free to comment below. Aside from that, there's not much the dollar can do to beat anticipations unless liquidity of the dollar really tightens. In that scenario, the dollar will really strengthen and we could see...
I often used to struggle with how to find the best chart colours to trade with but I never could quite pick between clear white or clear black. It's an often overlooked topic but when clarity, contrast, sharpness all depend on how well you see patterns, candles or your preferred techniques, it's one of the most crucial. So here's what I found out: White is a...
GBPJPY set to fly to 163.50 long term resistance. We should see a small pullback along the way so hop on!
A buy on the lower timeframes on GBPJPY. Trend broken on the lower timeframes and cooling Russian situation for the moment can bring us higher to 154. Risky trade but a good risk to reward!
GBPJPY Analysis on the daily, support turned resistance seems a little weak, likely 154 incoming...
EURGBP still remains above 0.8300 level I called out a while back which is a significant confirmation that the height of the panic selling during the Russia situation couldn't break this level giving us good support. Euro has not managed to make any significant move up either so it's likely we'll be trading sideways for a while so buy low and sell high.
Just a quick look at some simple technicals and logic to how EURUSD will develop over the coming days/weeks. Likely better to join a move back to the 1.11s to find resistance as the worst of the sanctions and embargo panicking has taken place, unlikely to reach 1.08 again unless a drastic measure such as Russia cutting off the EU and GB entirely from oil/gas...
Here's a rundown of EURUSD after the Russian invasion of Ukraine. Just a quick look at where sentiment lies, key levels the market has reacted to, prices to target and keep in mind as barriers. I explain a little in the text box what's going on. This is just some quick fundamental analysis basics and be sure to check out my page for technical analysis on the lower...
GBPAUD broke through my supportive trendline that connected the previous two higher lows together. Today we are trading below these levels but sitting at the last point I would consider buying before the trend has lost any steam, the 61.8% fib level. Let's see can we take advantage of this high risk to reward ratio!
Currently Oil is sitting at a resistant trendline on the higher timeframes with a strong bearish candle being printed so far, about 2% down today. We've formed a double top on the timeframes below and after a brief pullback we're ready to move lower. This change in sentiment comes from the news that Russia has begun to withdraw troops off of Ukraine's borders but...
Short 1:3+ RR, I'm confident in this one when London wakes up to the news. We should see a steep decline!
A quick rundown of my perspective on analysis and also the execution side of trading, specifically money management and how emotions can impact your profitability more than you realise.
A brief explanation on why everybody is and always has been so wrong about the deficit, printing and much more...
BTC is rebounding off a long term level of $32,000 which has been significant twice in the past. Is this the moment that BTC goes on a rally and has that self fulfilling prophecy of buyers due to higher prices or will we see a potential surprise from the FED's secret meeting on Monday drive us lower when news is announced? I feel like we're not ready to move up...