luiseMugo

luiseMugo

price is headed to a key supply zone ,so technically ill be looking out to go short on EJ ,the pair has a potential of dropping 500pips

luiseMugo

this is just a follow up post on this initially called EG set up. Price decided to respect the zone, I've placed my breakeven appropriately . initial setup attached.

luiseMugo

price seems to have respected a key demand zone , buyers may take over the market to the upside .

luiseMugo

i can see price pumping up to meet the nearest significant supply zone, be the bears can dominate the market.

luiseMugo

i sight a potential bullish bias on EG, since the eur has been oversold last week

luiseMugo

my bias is still valid with some minor adjustments

luiseMugo

AUD has been oversold in the past three weeks. i was able to ride the downtrend . bulls are now slowly taking dominance

luiseMugo

price may retest the supply zone highlighted before letting the bears to take control of the direction

luiseMugo

Potential bearish bias , looking out for a breakout if the sellers are weak

luiseMugo

potential buy on the euro , since price is at a key demand zone

luiseMugo

I'm looking for price to rally to the upside to the next nearest supply zone, then go in for short positions next week's premarket analysis.

luiseMugo

Gold overbought throughout the week at the same pace that the dollar index had been oversold. Next week if gold respects the current supply zone. I will maintain a bearish bias for the week. during that week's market open, price is likely to retest the key supply zone multiple times, I'll be looking out for price to respect the zone or breakout. patience will be...

luiseMugo

the kenyan shilling should be gaining against the usd due to factors like reduce in the monthly demand for dollars to purchase petroleum products , kenya has entered a deal with aramco to source the products using kenyan shillings , when initially we had to consolidate 500millon dollars per month for the importation of the same , on friday the deputy presint of...

luiseMugo

I have readjusted the stoploss , the sell bias is still very valid. Happy trading week

luiseMugo Updated 

sited harmonic partern plus a double top for added confluence,the bulls seem to be exhausted

luiseMugo

I posted my bias yesterday. nfp took me into deep profits

luiseMugo

Potential drop on the aud with a 100pips potential gain

luiseMugo

I am anticipating a potential bearish move on audusd ,