Whalay

Whalay Updated 

Pair Oversold on Daily, 4 & 1hr timeframe. Correction most probable here to restest 1.7865 previous level

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Let the Trend be your friend

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Price unable to break resistance shows weakness. Expecting to drop 61.8% to retest previous breakout.

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Price in overbought territory now. Expect a pullback any moment from here and extend into 1.22 territory

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Wait for a retest of broken resistance and adapt

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A clear break below 124.15 could send this pair further down. However in the meantime a bullish continuation is expected from this zone. This week or next should see the next wave up to a higher high or at least 125.50 for a double top. Approach with caution as this pair is used to creating traps.

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Taking a closer look at Price action, we've seen the $95 mark a huge demand zone dating back to previous lows on weekly timeframe. We can expect the greenback to retest the stability range at around $99 where medium term support was broken. DXY can be a major driver for pairs such as EURUSD and GBPUSD to mention a few. The dollar is predominantly still on the weak...

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Price has re-tested the 1.2500 level and opened a bullish weekly candle to continue its bullish move. It may be difficult to break below this level as the British economy gradually reopens and resume activity. I am bullish from this zone because there will be more demand for Sterling to resume and steer economic activity.

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Ever since price tanked the second time at 0.6560, it has unable to push further up meaning the buying power diminished. Price gave a U-turn and the bears took control. I expect to see a downward push to 0.6270 territory in the near term.

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Watching out for a possible break of flag, then open sell at confirmation

Whalay Updated 

First retracement to the breakout zone for a lovely retest. Nicely retraced 78.6% on this one. You can barely go wrong with this. Take your best shot.

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Remember support was already broken at 132.60 area. The pair is in correctional phase for the bears to keep their stance. Expecting the next impulsive push downwards to complete the present sell off to previos support at 131.00 area. With important fundamental datas coming out tomorrow and Friday (see link below), no positive numbers are expected from...

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With two support line broken, you can be rest assured. Nevertheless, wait for a retest before entry.. BOOM

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This is a monthly Timeframe, so no immediate decision is made yet.

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This pair has seen hell recently and there are growing concerns if its over or just taking a breath. Australia is China's largest trade partner and with the ongoing pandemic, everything has been on halt in China infact globally. This is weighing on the Aussie strength amid growing concerns that Australia might be heading slowly into recession. Taking a short trade...

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I can certainly say Coronavirus has brought the worst global crisis since the Great Depression in 1929 which lasted well over 3years. However, history tells us that bear market have been declining over the years but here we are. There is a long list of potential factors that could be contributing into more global efficiency. The bear market associated with the...

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This pair is oversold on all levels. When does it stop? I'm going all in at the current market price. Stop below support

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Its definitely been a rocky season for the global markets in the last couple weeks with all sorts driving the market sell off having the impact of the Covid 19 on top of the list. The Cable is currently hovering near 5month low handle and we can soon expect to see a short term surge in price and a high demand for the Pound as market will likely react around this...