DXY is at this moment in time leaning for myself more towards a bearish bias for the day, we have bounced off the resistance which is the high of the week of 24th august with London creating the high of the day for the DXY, again with the DXY updates will follow throughout the day.
GBPUSD. London has seemed to wick up at 8am with could potentially be the high of the day, we are still early on so thing could change ( updates will follow if so) however one thing I am keeping in mind is the fact we are bouncing around June high, which could be acting as a support. Will be interesting to see how price reacts around this area.
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...
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPNZD, 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 chart helpful . If you liked this free educational chart please...
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, 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 chart helpful . If you did like this free educational chart please...
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD , 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 chart helpful . If you did like this free educational chart please...
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.
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, 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 chart helpful . If you did like this free educational chart please...
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPNZD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you...
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.
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPAUD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If you...
The DXY is looking to push down. We have taken out previous lows to perhaps see a retest before pushing down to 91.00.
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If...
GBPJPY will be looking good for a long position if we see a strong close above the wick it is currently filling. We have seen a nice break and retest of the previous high that sits just above the zone. Targeting the next swing high/zone above (144.500) .