Simple Idea for EURUSD long. We will look down to test the 1hr OB at 1.08000 which is also a key level and after getting the CE we push up the price to 1.10000 which is also a key level, where we exit our positions with a win of 7.79R. Looking forward of the price action. Cheers fxgoldsniper
In yesterdays publishing you can observe that our short term target was at 1.0938. Some buyers are taking profit as we have reached this minor zone 1Hr level. The bullish 4hr candle closed above 1.0918 which has been our Fakeout sell side entry area. This is bullish technically speaking. Looking at market structure it looks great. So we had a fakeout market...
As mentioned in yesterdays publishing, we were anticipating dollar strength moving into NFP. The market structure was a bit awkward moving into NFP with price consolidating testing to see if it could hold 1.0918 as support. We punched through back to 1.089 with NFP data. Took advantage of these intuitions for the better then consequently ran into risk management...
EU, in line with weakening dollar seems to be retesting a key level. Lets see if it wants to continue pushing up to the fib extension zone
Per Analysis of yesterday I warned about buying at the higher prices. After we have a spike and people bag up, we have some hold the bag. Price nearly stretched the whole range up to 1.098 Daily Zone. Price just couldn't quite make it. Completely Missed this news correction move - was away from computer and totally didn't see it anyways. I did know it was likely...
We have entered HyperSpace and are now transcending into the stars. We are ahead of schedule as our weekly target remains as 1.103. Weare in the middle of a range between 1.093 and 1.098. If I was swing I would like break and retest of 1.093. But I'm not swing. Volume comes into the market in disproportionate balances at specific times and this is why I enjoy...
OANDA:EURUSD EUR/USD tries to inch higher with the DXY heading down a bit on the heels of employment and payroll chatter around town Trade smart
Value in Description ⬇️ Beware we have returned close to our extreme prices after an abrupt beginning to the week. Price fell into the abyss as optimistic buyers were a bit too early like myself. This NY session though we managed to grab a spot on the train. I was bearish walking into the week and was expecting a pullback to these prices. However , after that...
Welcome April. Last month we ended with the monthly candle and the weekly candle pulling back and created a larger top wick. However, the Monthly candle looks awfully bullish as it closed as a solid bullish candle. That being said, it did close within our Daily range and the weekly candle closed below the weekly zone to the left at 1.08690. We also had a bearish...
Break and retest setup right out the playbook identified as DXY seems to be picking up strength. Lets see if it has enough momentum for a 1:2 trade
We have corrected the GDP volatility and continuation at 530PST. However, We have pulled back to a 1Hr/4Hr zone at 1.0895 and this woulnd't be a bad place to jump on the bullish train. I'm just watching for the rest of the day. I jumped off the train already with Buys. With all this said, we have increased 145 pips on the week. Wouldn't be surprised if Price...
The 4Hr candle closed above 1.083 4Hr Zone which is quite bullish for me. However we must consider that we have seen some volatile rejection near NY Open around 3-4 Hours ago. It's about where candles close so that is why we will give more weight to the buy side. If We get to 1.0854, then I can see it being pretty straight forward for us to reach 1.089 as...
1) We have managed to Respect and hold 1.081 during London Session. 2) 1Hr Zone at 1.08230 has also held strong. 3) The 4hr closed 3 hours ago directly at our daily level 1.0854. Actually, it closed slightly below whihc is Bearish Price doesn't have to move up anymore because we are at the resistance of the daily range after a move up this week of 110 pips this...
Fundamental Backdrop 1. EURUSD has been bullish 2. Tonight's final GDP q/q for the US could give us an insight on the US economy 3. Market has been pricing in a bullish economy for the US which could potentially lead to short term downside potential in EURUSD Technical Confluences 1. Price is nearing the resistance level at 1.0881 and could see rejection off...
this trade was kinda risky tbh we were short biased this morning, so we took a short and price bounced in the same area for a whole hour, and we execute on 1m so that was a lot, and price went up and stopped us lol so we adapted and switched bias but i was looking at lower areas to buy from, but everything was mitigated (except the extreme) so we adapted trade...
It is possible we may continue to pullback early in week and continue to reject daily level 1.07425. We must consider every daily level, even when we have a medium to long term bias on an asset. I think we can continue to pullback to the previous daily zone at 1.07795 before we see sellers step in and put in their two cents. Also the weekly candle needs to...
Dollar has brought in big buying volume and the whole market feels it! Lets see if its possible to capitalize on a B&R setup using momentum as our entry signal
OANDA:EURUSD Have a good weekend everyone. EU smooth today since Aussie open up until now heading towards London close and 2nd half of NY. Stick to "your own" rules, only way to be safe.