GBPUSD worked out good, was wrong on the level to go short but the short from higher gave a better opportunity and we got a good trend day all the way to move down to close near the lows. Based on the bearish price action, looking for further downside for today. Price has drifted down, though a pullback to the PZ will, IMO, a good opportunity for short. 1.2677...
Algo levels worked perfectly yesterday as both the lows and highs for the day for EURUSD were perfectly given by the levels. Lots of opportunities on both longs and shorts. EURUSD closed with a doji candle which is some sort of indecision. TBH yesterday's CPI data is hotter than expected but not a lot; thus market did not really care. But IMO, price action for...
GBPUSD is basically stuck in the 180 points range for over a month. I was looking for a possible breakout yesterday but no, price is still in a range. Again I have no strong views on GBPUSD except to possibly take it level by level. Yesterday's move formed yet another doji but a bearish one. It is reasonable to expect GBPUSD to go down further today given that...
The path I gave was rubbish at best, but the levels worked perfectly. I was looking for a more bullish case and it would be a test of 1.0865 before a short down to test below support and rally higher. But we dip initially, didn't touch the buy level but made a higher low and rallied to touch the level at 1.0886 perfectly below a drop down the buy level. Is it a...
Yesterday I was looking for a possible up move after a re-test of the strong level but price went below the level at 1.2686, tested from below and failed and sold down on data to the next strong level at 1.2642 before rebounding strongly back to the highs. Price is much in range, waiting for FOMC today. Price is stuck at the 78 Fib and is coming down. Price...
I gave a few possible scenarios for EURUSD yesterday; and of course one of them worked out, not exactly but similarly. I gave a long on a retest of 1.0800 but the lowest it went was 1.0810 before going to 1.0858; but the path was correct. I also gave a possible short off 1.0860. I said it might be rejected by 1.0860, but base at PZ before going higher. We hit...
Yesterday GBPUSD hit our sell level at 1.27 exactly before going down 40pips to a lower level and bounced. Unlike EURUSD, GBPUSD is stronger and IMO since 1.2686 strong level is holding (good level to go long from) look for further upside to target 1.2786.
I was looking for a move lower yesterday for EURUSD from 1.08600 to target 1.0800. Price just opened and based at BZ, sold down to 1.0800 perfectly and rallied 40 pips up. Market seemed to be trying to find a bottom. Price action IMO is neutral but trend is still down. I am looking for price to possibly move to 1.08600 (IMO likely) and watch the response there. A...
Similar to EURUSD, GBPUSD came down first, to the support below perfectly, before the 80pips rally and then the dip. Weekly candle is a outside candle but market gave a closer lower than that of previous week. Further downside ahead? Daily candle wise is a tweezer, which is neutral to slight bearish. Looking for PZ to hold for a move lower, targeting 1.2686...
On Friday I was looking for a pullback then further downside but instead EURUSD came down first to the first support below, hitting it perfectly for a 60 pips rally to the top of the BZ before a pullback down of 40pips. Levels wise it worked perfectly to play it level by level, Weekly price action is bearish; with a candle similar to that of the previous week. So...
GBPUSD also came down yesterday but unlike EURUSD, it is less bearish. Price hit the key level perfectly yesterday before rebounding and is holding nicely above the WBZ. If the plan I gave for EURUSD is to work perfectly, and GBPUSD continue to show its strength, we will be looking at GBPUSD to possibly test first resistance above at 1.2740, before a rejection...
Yesterday's plan and strong level worked perfectly. EURUSD spiked to that level on ECB data and just came down 80 pips. Looking for further downside today. Price is hovering at the strong level now. Looking for a possible dip to 1.0862, confluence of levels for a down move to 1.0780.
GBPUSD as per plan was a long for yesterday and it just opened at the key level, based and rallied for 90 pips; but it missed the key level before coming down on a double top. Daily candle is green with a long wick above; while price opened above the BZ (trend is up). Overall, we see price on daily is in a range, and price is at the top of the range. Will we...
I was bullish EURUSD yesterday and it served well. EURUSD opened at 1.0850 or so and it just go up. I said 1.0880 is a level where we can get a pullback and indeed, there is a 20pips pullback, price held at PZ then rallied another 60 pips up. However price did not hit my price target before it pulled back. Daily price action is bullish but price closed just at...
I also did not give a complete plan for GBPUSD yesterday but I was looking for a higher low to go long for a move higher. That was much wrong as GBPUSD sold down to new lows, before we see a recovery during the US session just above the strong level 1.26880 (which was my buy level). Daily candle is a large range with long wicks in either direction. Price action...
I gave several scenarios yesterday so of course one of time has to be right; one scenario I gave was a move higher first, to hit the strong level before a short from 1.0906 to 1.08664 and that worked perfectly well. I also said to go long at strong level at 1.0840. The lowest it hit was 1.0820 before the move up, now 1.0856. The other scenario I gave was a long...
Yesterday; I called for a move down from strong level then up. We got the down to the buy level and we got a bounce but eventually it closed near the lows with price unable to break the BZ. If I were to short, I would like to see a re-test of 1.0904 strong level for a rejection to target 1.0862. If market just move down from here, I am looking for a possible...
GBPUSD sold off last week but could have found a near term bottom. 1.2682 good level to look for longs to target 1.2746.