Oh Sugar! I know most of us do not trade this pair, but I have managed to make so good trades from this commodity so far. I think you guys should check it out. As for commodity, I only trade Silver and Sugar. I would like to trade Gold but the lot size requirement is not for me as at now. Anyways, this pair has been bullish and has hit the monthly high, it is...
Hello traders, I'm not really a fan of trading these pairs (EURAUD, EURNZD, GBPAUD, GBPNZD). Why? they come with more than usual spreads which make the limit orders not to be triggered. Nevertheless, I will place a limit order for this pair once this market opens tomorrow. Just like the EURAUD, this pair is taking a breather before continuing the bearish move....
Hello traders, Just like the EURNZD pair (I will link the analysis), EURAUD is taking a breather from the bearish move. Do I know for sure if price will trigger me into a nice trade, I DON'T. However, I will not move my limit order but will wait to see what happen and if price hits my TP without triggering my limit order, I will cancel the order because it would...
Hello traders, The EURNZD pair has decided to take a breather and has setup liquidity traps for traders who are not detailed enough. I decided not to mark the liquidity trap but I urge you to look for it and trust me, you will find it. It's quite easy to see. So what do we do? we put our entry below the liquidity trap. When the market makers go to sweep this...
Hello Fam, Just like NZDCAD, the NZDCHF still has some bearish fuel to take price further down the road. I will insert the link to the NZDCAD analysis I did and you will see the similarities of both pairs. It is a no-brainer as both pairs are correlated. Let me know in the comments what you think. Cheers!!!
Hello Traders, The EURJPY pair tapped into strong monthly supply of 2015 and has shown sign of retracement of the bullish move. The daily structure has shifted from bullish to bearish which then confirms that this retracement (short selling or profit taking) is going to happen. As you will notice, my limit order for this pair has not been triggered but what I...
Hello Trader, I must say that AUDCHF has played out remarkably well for me. This short opportunity checks all the boxes (for me anyways). I am expecting move bearish move of this pair and as we can see, the massive bearish candle which signifies that the bears are ready to continue the downward move and the bulls are not yet ready to buy this pair. Let me know...
Hey Guys, So the NZDCAD has been selling of for weeks now. Although, we had 2 months of bullish retracement, the short is liken to continue bearish. At least, we should expect the month of May to print a nice red candle. I am going to short this pair after which, I'd be looking to a bullish move before continuation of the long term bearish move. What do you...
Hey Guy, This is a peculiar situation where I'm both bearish and bullish on EURGBP. This pair is caught in a range for now but there are certain OBs it needs to mitigate before picking a direction. I think it will be bearish before bullish but I would like it to go the other way round. Anyways, we don't control the market so lets see. Have fun. David
Hello fam, This pair tapped into monthly supply of 2015 and we expect to see some form of liquidity. I am bearish on this pair for now. Let's see how this plays out. Cheers. David
Hey fam, I know I've not posted in a while... sincere apologies. Anyways, our short outlook on this pair is still valid though price seems to be trying to create liquidity structures to induce buyers and early sellers into the market. According to what you can see on the chart, that is where my sell limit order will be placed. Have fun guys. BR David
Hello fam, This pair this week behaved as described in the subject. This time around I am more bearish on Silver (XAGUSD) before going bullish and I will be monitoring this pair for an entry. If you go on the weekly time frame using the short target, you will see the imbalance in the market. What do you think.... let me know in the comments. BR. David
Hello Fam, As you might have noticed, I have been monitoring this pair for almost two weeks for this short. I think the weekly timeframe is ready for a retracement. After so much bullish move the market needs to take a breather but when is what shouldn't be predicted but reacted to. Talk to me.. what do you think. BR. David
Hello fam, Check this long term analysis on AUDNZD. Do you think this move will go exactly as planned. Okay let's not say exactly but do you think price will behave somewhat like this? Let me know in the comments what you think. BR David
Hey Fam, This is one pair I like trading but most times I price misses my limit order by just 1/2 pips. Anyways, here you go. It has approached a significant area and it is likely to retrace to get more liquidity to go further. I have marked 2 zones for it to bounce from but if price continues without retracing and heads directly to the target, be ready for a...
Hello fam, The pair has the momentum to get to 132 but we COULD have a breather as it approaches 130, retrace to 127, then head to 132. That's all for now folks. I'm not sure I will be going long at 127 but I do hope it heads straight to 132 so I can take a massive short as the retracement will be deep. Let me know in the comments what you think. BR David
Hello Fam, I'm here again with an update on this pair. I was thinking that this short move will happen earlier but guess what, the market makers showed that they are not ready. Hope you guy didn't short just yet as the market is not even ready based on structure. Anyways, in the chart you can see my outlook of this pair. if the market breaks that zone, I will be...
Hey friends, This is an update on my previous analysis of the dollar. As we have, the dollar did not retrace as I had shown in my previous post on it. However, we were not looking to sell.. so we good. But now I am bearish on the dollar. Once I see a shift in market structure, I am trading against the dollars potential weakness. As you may know I don't trade the...