Hello Fam! This is one for the road... The dollar is at an exhaustion phase. Enjoy!
Hey Fam! Check this dual trade idea... What do you think... Insightful? Hit me up if you want to know my thought process. Cheers!
Hey Guys! Check this out... Bullish on Sugar. What do you think. Cheers!
Though I expect this month to end up bullish, I foresee the start of the month bearish. We are likely to have this week as bearish then an accumulation stage for the bullish move. Have a fruitful week guys. Cheers!
This pair has always been tricky for me but anyways, here you have it. the position of the pair and the closing of last week's candle suggest bullish but the monthly has enough bearish momentum to send this pair downwards. Cheers!
Most people will see this as a short opportunity and truly they might not be wrong. However, based on my analysis, there is a long swing trading opportunity on this pair. Now, do I have a crystal ball... Nope! but this is simple technical analysis. Enjoy!
If you have seen my previous post on US Dollar Index, you will know why I am going long. I use the index to decide what I trade on all USD pairs except USDJPY. However, both the Monthly and Weekly are at support levels. While the Daily timeframe has shifted to bullish structure. Guess what, the 4H is ready for your buy limit orders. Enjoy!!!
From my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short. This is for SWING traders but for shorter term traders, you can adapt this to your strategy. For next week, I will be looking for long opportunities in...
This pair is quite tricky but we are gonna take the risk as it has met our criteria for entry. Monthly shows the pair is at a strong support while the weekly shows a inverted H&S. Daily has broken structure to the upside. Now we set our order on the 4H for our entry. Cheers!
We have a monthly and weekly resistance. The daily has broken structure. Now we set our sell limit and wait for the market. Cheers!
Though it might look like its at a bearish region but you know the rules. what is in motion, stays in motion . Go check out the monthly timeframe and see that it just bounced of the monthly support. Cheers!
Price broke out from the triangle on the daily time-frame. On the 4H time-frame, price is moving in a rectangle. In the rectangle, price is forming a triangle. If price breaks both the triangle and the rectangle upwards, target will be at the next support level which tallies with the 0.236 Fibonacci level. If price breaks downwards, it will be heading to the 0.51...
The Pair is on a strong downtrend on both the Weekly and Daily time-frames. Price is heading to a strong weekly support level which correlates with the 1.618 Fibonacci retracement. Price might be a pullback to the trend line before making its way to the support level. Price could also break the trend line at the yellow zone.
A double top completion at the 4H time-frame is imminent.
Price is moving in an upward channel and is currently on a support level which is also at the O.786 Fibonacci retracement level. If price breaks the support, it will be heading to the next support level which tallies with the 0.618 Fibonacci retracement level. If it doesn't, there are 2 targets 1. At the 1.0 Fibonacci level 2. At the 1.618 Fibonacci level
I just thought to share this with you guys. The pair is making a CUP pattern on the monthly time-frame which means that the overall trend of this pair is BULLISH. Yes I said it. I will be posting next week outlook analysis on GBPNZD, EURAUD, CADCHF, USDJPY. Stay tuned!!!