Hello Traders, We saw last week how the dollar index rallied heading toward a monthly supply zone (red box). However, we have a weekly supply zone (yellow box) just below the monthly supply zone. I expect the dollar to run into the weekly zone but before that, it should take more orders from the daily demand zone (grey box) before the bullish expansion. Let...
Hey Guys, Just like EURJPY and SGDJPY (inserted below), CADJPY will give a short-term retracement as shown in my chart before the bullish rally continues. Follow for more. Cheers, David
Hey Guys, Just like EURJPY (inserted below) SGDJPY is going to give a short-term retracement as shown in my chart before the bullish rally continues. Follow for more. Cheers, David
Hey Guys, Check this out the JPY pair are about to ease out on the bullish move. Expect some bearish move on the JPY pairs before the bullish move continues. Cheers, David
Hello Traders, As we all know, this pair dumped into a level it has never gotten to before and rallied. Now, this doesn't mean that it can't continue lower, but if you look at last week's candle, you will see the strong buying pressure which is depicted by the wick of the candle and I expected that at the start of this week, price is likely to trade into the wick...
Hello Guys, This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Today, the market went after the sell-side liquidity pool. I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait...
Hi Traders, I just placed a buy-limit order on AUDCHF. It formed a buy-side liquidity pool that needs to be swept. This is one pattern I have noticed in the market for a long time. In this case, I expect it to play out for a few reasons I will list out. 1. On the monthly timeframe, we dumped into a key level now a retracement in at play 2. On the weekly...
Hello Guys, This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Yesterday, the market went after the sell-side liquidity pool. I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait...
Hi Guys, I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone. This sell-off brings the price to a key daily demand zone of which the price is meant to cool...
Hello Traders, I am here again to update you on my view of EURCAD. This pair is currently trading inside a weekly demand zone (yellow box). Not only that it created relatively equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1-hour timeframe which it has swept. It has also cleared the low of last month's candle close. Now...
Hello Traders, This pair which is a new addition to my watchlist is looking interesting. Let me tell you why... Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart. Now that price had taken buy-side liquidity,...
Hello Traders, I am here again to update you on my view of EURCAD. I have also done my best to mark the chart so you can train your eyes to see certain things in the market. This pair is currently trading inside a weekly demand zone. Not only that it created relatively equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1-hour...
Hello Traders, I've got a quick update for you. This is the daily timeframe and what we can see is that price is approaching the sell-side liquidity pool (equal lows) as marked on my chart. You will notice that in approaching this sell-side liquidity the bearish candles are beginning to lose momentum. This does not mean we can't see a strong bearish candle...
Hello Traders, I am here again to give you my take on EURCAD. I have also done my best to mark the chart so you can train you eyes to sell certain things in the market. This pair is currently trading inside a weekly demand zone. Not only that it created relative equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1hour...
Hello Traders, This pair which is a new addition to my watchlist is looking interesting. Let me tell you why... Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart. Now that price had taken buy-side liquidity,...
Hello Traders, EURGBP has entered into an exciting zone, which is a weekly FVG (yellow box) and has reacted. I expected the price to retrace into the blue box which is my area of interest to look for a long setup. This happened on Friday and my long setup didn't come. However, I was expecting price to go deeper today to take out induced early buyers. Hopefully,...
Hello Traders, CADCHF is passing the vibe check for next week. As we all know, this pair dumped into a level it has never gotten to before and rallied. Now, this doesn't mean that it can't continue lower, but if you look at last week's candle, you will see the strong buying pressure which is depicted by the wick of the candle and I expect that at the start of...
Hello Traders, I hope your week has been good. mine has been FANTASTIC and I'm not exaggerating. EURGBP right now has entered into an interesting zone, which is a weekly FVG (yellow box), and has reacted. I expect the price to retrace into the blue box which is my area of interest to look for a long setup. To be frank, I am not sure I will get my setup before...