Hello guys, Hope you had a wonderful trading week, just like we had. ☀️
This week we banked over 500 pips, so we decided to close our trading week with a INDICE.💥
Quite simple analyses to be honest.🤷🏾♂️
This is a 30 minute chart, in my point of view, ideal for indices.
So I've marked a previous resistance (A), which the pair managed to break, and the last...
GBPUSD H4 - Rejected 1.35 as expected yesterday, hopefully we pull down enough to hit 1.34 support, find support and then we can look to scout out rejections and potential bid opportunity, NFP and USD data later, so this may completely thrown things all of the place, once the dust settles we can see where we are and re-evaluate.
After banking a TAKE PROFIT of 150 PIPS, we are going for a LONG position once again.🥳🎉
If you check related ideas ( last time I used geometry on charts ), we banked 185 PIPS. 🤯
So, I basically used the same strategy, but in a different way. 🔥
We've banked over 400 pips so far THIS WEEK, and we will keep the streak. 💥💥
Dont forget to show us some love by...
USDWTI H4 - Video analysis with this one aswell, just looking and waiting patiently to see a retest of $43.50 a barrel, it's been a while since we broke this resistance price and we are just in bearish consolidation waiting to see if we can hit that big S/R retest number again. Yesterday we saw a stint downside to set a fresh low, so one more wave of consolidation...
PLEASE CHECK RELATED IDEA ! 🤯🤯
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Good afternoon everybody👋🏾
If you checked the related idea, you will see that one of my predictions came out correct, the pair managed to broke the raging channel to the downside (D).
This will be our second OPEN SELL trade for XAU....
Good morning everyone 👋🏾
Feel free to use this trade for your own benefits.💡
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So, here's my analysis on a 4h chart
As we can see, there's a strong downtrend line (A).
I've marked the previous support with the blue line (B), and the new low from this trading week with...
GBPUSD H4 - The big bearish H4 candle we saw yesterday was off the back of the USD data. A big move and excuse for some USD correction, big relief rally needed, but unlikely a trend changer, I think we can expect continuations of DXY and dollar weakness going forward this week, cable is a good example of a break and retest to set new highs and continue the bullish...
AUDUSD H4 - Here is Aussie vs the dollar, again very similar structure to the above, 0.733 was the resistance zone in this occassion whereas 1.33 was cable resistance, regardless we are close to seeing a break and close on the H4. From this, we could look for entries around 0.7335 to jump in long after a correction, just cautious of the rally leg going in to break...
Gold H4 - This 1851 zone is the zone I'm more concerned with, the head and shoulders neckline isn't really something I'd go off, the 1851 zone has been test on the H4 previous circa 4 times, a break and retest of this zone downside could warrant shorts, if this current move fails to set news highs (right shoulder).
DXY H4 - We gapped downside, have yet to filled and we are seeing downside pressure on one of our final support zones at 92.20, could see a subsequent break and retest of support on DXY and break and retest of resistance on EURUSD from long potential, analysis to follow!
i'm sharing this screen, felling it's gonna be an intersting one,
at this technical analysis we still didn't get full confermation of a full break from the resistance line,
i'm only predecting the break out for many other reasons,
and let hope for the profits,
EURUSD H4 - USD on the backfoot yet once again, DXY analysis to follow. EUR seeing gains as you'd expect off the back of existing risk sentiment. Following each zone as they come and looking for respective confirmations/rejections.
As per the VN we are 'technically' bearish as we have a big selloff move $110 pulling downside, we also are trading below 1880, which is our resistance zone. Effectively a bearish flag pattern, and a bloody big one at that! The flag consolidation alone is 230 pips. With a target of 350 pips from 1880 to 1915 if we break upside. We haven't had much movement...
USDCHF D1 - Bit late to the part posting this, apologies. Very similar structure and paced moving pair here, DXY is at a key level to monitor, retesting after breaking upside of a trading zone, we covered all of this in the rundown, but take a look here too if you haven't got a chance to watch the video.
GBPCHF D1 - This is an absolute textbook example of trading between the zones using price action, GBPCHF generally deemed as a slower moving pair (confirmation can be seen). The only issue is, the confirmation candle was very large which skews RR a little bit. Risk markets are still in play which is dangerous too, but confluences all stacked here and the...