GBPJPY / 4H GBPJPY is overall trading in a bullish trend. Recently, the price came to test a key level, and now we have seen the bulls taking over again. I'm expecting 2 scenarios to go long on this pair, either a small correction or a deeper correction. Trade safe, Trader Leo
AUDUSD / 4H AUDUSD has been trading in a down-trend, but recently, the bearish structure has been broken and followed with a series of new highs and new high lows. This indicates that a new trend is about to take off. Trade safe, Trader Leo.
USDCAD / 4H USDCAD has been trading in a bullish trend, and recently, the price rejected a key level. The pair is still playing according to our plan from last week. Since the price has made a new high, our bias is still bullish till this structure is broken. Looking for price action confirmation around the bullish trend line. Trade safe, Trader Leo.
Gold / 1D Hello Traders, I would like to share with you the way I would like to play gold for the next few days. The overall structure is bullish for gold. But, since the price has established an all-time high, it started correcting. So, the current trend is still bearish. On the weekly chart, gold is trading inside a falling triangle. Based on price action...
EURJPY / 4H EURJPY has been trading in a down-trend. But, recently, the price seems to be trading inside a trading range. We expect the price to either break down with the head and shoulder schematic or go test the resistance level before dropping down more. Trade safe, Trader Leo.
ETHUSD / 4H After the bull run, Eth is now having an extended correction that is now developed for a local bear trend. For this weekend session, we expect this bearish structure to hold. Trade safe, Trader Leo.
USDCAD / 4H USDCAD has been trading in a bull trend. But recently, the pair started showing signs of weakness suggesting that we might have a deeper correction on this pair. For our next week's watchlist, we will be looking to short this pair with potential scaling (adding on position) if our analysis is confirmed. Trade safe, Trader Leo.
USDCHF / 4H USDCHF has been trading inside a trading range. In such a situation, you only want to buy low and sell high. For the next week's watchlist, we will be looking to short this pair at the highest point possible. Trade safe, Trader Leo.
GBPCAD / 4H GBPCAD has been trading in a bull trend. But recently, the pair seems to be having a strong resistance from a key level. For our weekly watchlist, we will be looking to short the impulse movement to get the upthrust. Trade safe, Trader Leo.
GBPNZD / 4H GBPNZD has been trading in a bullish trend, and now has arrived at a major level, plus the price is trading next to the weekly trend line. We expect this pair to fall more. Trade safe, Trader Leo
GBPJPY / 4H GBPJPY has been trading in a downtrend and now has reacted from a historical key level. If the trend line reacts as a resistance level, we might see this pair falling for more new lows. the other scenario where we will consider going bullish is a valid breakout from the trend line. Trade safe, Trader Leo.
AUDCAD / 4H AUDCAD has been trading in a downtrend and now the price has a natural correction pulling back to the trend line. Keep an eye on this pair in case we have a fakeout to clean liquidity above the last swing high. Trade safe, Trader Leo
USDJPY / 4H USDJPY has been trading in a bullish trend for too long, but the price recently rejected a very strong level timing it with the new corona variant making investors invest more in Japanese yen as one of the safe heaven currencies. For our weekly setups, we will be looking to short this pair at the highest level possible. Trade safe, Trader Leo
GBPCAD / 4H GBPCAD has been trading in a downtrend. Recently, the price rejected a key resistance level falling sharply. And now the price is pulling back to test a few important levels before it falls again. Yet, we need to have a price action confirmation on Oil prices in order to validate this setup. Trade safe, Trader Leo.
GBPUSD / 4H GBPUSD has been trading in a down-trend. But the price is oversold as default the price rejected a very strong key level on the weekly time frame. For potential setup, we will be looking to buy the pullback. Keeping in mind the price might end up in a consolidation phase. Trade safe, Trader Leo.
ETHUSD / 1H Eth has been trading in a bull trend globally. But, recently, we see this trend being reversed from all-time highs. Based on technical analysis only, it seems that Eth is preparing for a break. 2 scenarios are proposed : bullish: where the price breaks the structure on the 1h time frame then continue upper. bearish: this structure gets respected,...
US30 / 30m Hello traders, the down jones index made massive gains recovering almost the losses from last week. But now, we notice some form of distribution that is not complete yet. I would like to see the structure being broken before going short again. Trade safe, Trader Leo.
GBPCHF / 2H GBPCHF has broken the bullish structure, and now is consolidating. In such a market, there are two ways to trade it. either sell high and buy low or wait for the breakout to be validated then buy or sell the retest. Trade safe, Trader Leo.