The Dollar seems to be exhausted after the Strong bull run and has broken the trendline and support zone with strong Bearish candles to let us know that there may be a strong reversal. We will wait for a retest and play the USD pairs to the Down side/short and The EU pairs Long/to the upside.
AUDUSD has formed a head and shoulders on the 4hr and carried a lot of bullish momentum going into the end of last week. IF price breaks past the order block and neckline we will know that the bearish trend continues! If price breaks the resistance level then we will play it to the trend line! As of now this seems to be a short term reversal to the upside trendline!
AU has tested the long term trendline and seem to be in a rising channel and ranging. It rejected the pattern trendline and could be a fake breakout of the trendline so we will keep a bearish bias until confirmation otherwise!
CADJPY seems to be exhausting on the bull run but if price continues pass 107 area then the trend will change.
CADJPY reversed and we waited for the market to come to us!
IF Gold doesn't break through this resistance i think price will range in between 1625 and 1725 area until the market news comes to a solid direction!
EURUSD is looking to push down from the rising wedge if this is a bearish formation. If price breaks through we will look for bullish confirmations to play the move up to the long-term trend line!
eurchf is consolidating and ranging as of now we are waiting om a clear breakout to either side because the buy could mean revrsal and the sell could continue the long term trend! I think this is a bull trap and just an aggresive pulllback!
GU formed a head and shoulders pattern going into this trading week and new month of November! So, by knowing H&S is a common reversal pattern we got in and rode the reversal down to TP2 @1.12500 area and it ran for 105 more pips!
THis is going to be a day trade or short swing to the downside if we get a push down to the 147.500 area.
EURJPY has been on a bullish run for almost 2 months! We are looking for buy setups only, we will buy at the breakout of the key resistance level at @147.000 area or at the trendline area @146.000 area. Price has broken out the bankers box and ran both sides which means there will be another impulse coming!
USDCHF is forming a head and shoulders, currently retesting and we are waiting on confirmation to enter sells. Price has formed a bearish engulfing which is a reversal/bearish confirmation!
TSLA is forming a possible head and shoulders! This is looking scary for tesla shareholders ideal price for long term entry would be 130 area or if it goes even lower that's even better!
AMD is falling to the floor! Take profits getting smacked and some! Make sure to load up on the drop adn discount!
GBPUSD was in a bull trap and rejcted the $1.50 area and immediately headed back in the long term direction. The Pound is weak and has been for a while! We caught the whole move!
Usdchf signal ran for a Total of 150 pips. This move was made twice during the week and we caught both of them for a total of 210 pips, 55 on the first impulse and 155 on the second!
XRP has been outperforming every crypto and stock in the past week! People are saying XRP is set to takeoff, and this is in correlation with the 2014 Pump. It is breaking out of a 3-month Range! Even though this might not happen due to the Odds, but its 2022. Never underestimate Crypto and the black swans in the market.
As we head into deeeper into a recession we will continue to participate in PUT SZN because it has arrived and will be here for a while.