Going forward, I'm expecting a bit of choppy price action with a bearish sentiment on $EURUSD.
We'll start seeing that energetic dump towards the end of this week and for most of next week towards 1.07331 and 1.06313.
AUDUSD Another bearish scenario. The 0.718 zone wasn't respected so we have 0.722 zone in our watchlit for a possible bounce. once it's confirmed the trade will be executed.
Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.675. We already have a position running from 0.678 zone so today we're looking forward adding more position.
Trade safe, Joe.
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way.
Trade safe, Joe.
Hey Traders, above we notice the breakout of DXY the supply zone of 94.370, that's a good sign that this zone will become a resistance and we will see more bullish momentum in the dollar. in other side we are holding our EURUSD swing short from 1,17 towards 1.138 zones. and we will monitor extra USD pairs to catch more opportunities.
Trade Safe, Joe!
I just saw this by accident and it looks like a good setup.
If you see what I see, this is a low risk trade and generating 2.54R.
It also means, all currency pairs with USD as a base currency will be relatively stronger.
Here is my trade:
Long now at market: $93.28
Stop Loss at $92.64
Take Profit at $94.95
Risk Reward Ratio = 2.54R
Disclaimer :
The analysis...
A bullish Gartley formation on the Daily Chart within the buy zone.
However, on a 4-hour chart, the market does show a potential bearish bat pattern, and if it form up, I will be sharing that with my inner circle.
At the daily chart, the gartley completes at the buy zone.
This chart, I will be waiting for the H4 candle to complete, if there is a bullish engulfing candle, I might head in for a long trade.
USDJPY on the daily chart shows a bullish trend. Do note that on 6 Nov 18 there is a US Mid-Term Election, the market can have extreme volatility.
Traders who are not prepared for this, should consider to net off all existing position and stay out the trade.
The box area marks up as the Buy Zone that I am looking at.
At H1 Chart shows a possible counter trend...
Last Thursday after US Interest Rate Hike, USDJPY creates a new high, that makes USDJPY extremely bullish on this trade, I will be waiting on the Cyan box for an buying opportunity!
Last week, Yellen stated that positive US reports have opened up the idea of a rate hike in September and we will need to see more positive US reports for the rate hike to be confirmed.
This acted as a huge catalyst on Friday allowing the US Dollar to break TL on most pairs. As it stands the Dollar is looking bullish with investors waiting for US reports to...
