Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
EURUSD has been pushing short for several days now and I have managed to scale in on a second entry. Using the group's four-hour break and retest strategy alongside institutional levels and session breaks.
USDCAD has pushed up through our level of "resistance" and now looks to be coming back down to retest as "support" form this we will be looking to scale in on another entry and ride it all the way up to our next swing high.
A second short entry is currently valid based on a break and retest of previous months low and flat level of 105.000. We have then seen a further push and then retracement to institutional levels.
USDCAD has pushed down to where I am looking to enter a long position. However, the trade has not been enter yet as we do not have the correct conformations.
Price reaching our Fibonacci retracement levels is only half of our analysis. We need to be looking for price to reject from these levels and begin to turn back over, an example of this could be another...
USD JPY is currently trading in between August the previous month's range, with volume pushing down. What we can currently see is a small pullback, potentially to one of our Fibonacci retracement levels to then push down further and reach Augusts low.
USDCAD has pushed down a little further than expected and suggested in one of my previous posts. It has fallen past the neckline of the "double bottom" and is now sitting at a key level of support. If the pair is to break below this level, then we can expect to see the pair fall further, perhaps to a region near Augusts monthly low.
USDCAD has been pushing up from the level 1.29950 for several days now, creating bullish price action as it moves (higher highs/higher lows). The most recent move wicked above a previous high/area of resistance before pulling back to our 50% retracement level and forming a double bottom. From this, I anticipate the pair to push higher if what we can see now is a...
GBPJPY has been falling for several days now, taking out every level of support as it goes. We have seen what may be perceived as an order block by some people form in the daily/four him time frame. With that being said we can look for a pullback towards one of our retracement levels before the pair continues pushing down to fib extension levels.
Students in our...
As published by my self on September 4th this pair had retraced to our 61.8 fib with a clear rejection of this level. Price then continued to push down taking out previous lows to eventually reach our target zones at the -27 and -61.8 fib extension levels. Those that are part of our private educational group capitalised massively on this particular set up.
As explained yesterday if we saw GBPJPY push down and break the swing low to the left we would be looking to short. We have now seen that break and retest on this pair for price to potentially fall further and reach one of the target areas we highlighted earlier (138.000/139.000). We must always remember trading is reactive, not predictive. Meaning we do not enter...
GBPJPY has made a full retracement through all of our Fibonacci zones back down to the previous swing low, it may be just be retesting previous "resistance" gone "support". However, if we see the pair take out this low that is a break in the bullish market structure and we could see it push down further possibly to levels around 138.000/139.000.
XRPUSd has done exactly as expected and as explained in one of my previous pots. After a break of the support, we saw price push back up to retest the consolidation before pushing down to 0.2350o/0.23000. We may now be looking at further shorts possibly down to areas of 0.17000.
On GBPNZD we have seen a retracement to the 61.8 fib in this overall bearish trend. We can also see that the we are retesting the August open which sits nicely with our 61.8 fib. If we see a strong close below the August open we will most certainly be looking to open a short position down to our -27/61.8 fib extension levels that correlate nicely with previous swing lows.
GBPJPY looks to be retracing to our 61.8 Fibonacci there about. potentially filling the wick to the left to then push upwards to our next target area (a swing high). If it continues to push down through our fib levels, we may see it retest the previous swing low at 100 making a full retracement. Of course if it pushes through this low we are seeing a break in...
GBPUSD has broken through our yearly open price and pushed up to 2019 yearly high. It looks to be turning over short, potentially to retest resistance turn support and continue moving up. However, we must remain patient as price can just as easily break back through to the downside and continue pushing down after testing 2019 high.
