EURUSD is weakening on the daily timeframe and 2 levels to watch for an increase in selling pressure for the pair are between 1.22000 & 1.23000. EURUSD to revert to its mean. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
There are selling pressure waiting for gold above 1870 which could send price lower to 1830 or lower levels N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Bitcoin just completed a "W-X-Y" correction which gives a bullish wedge pattern. A pullback to the top of previous rejection candle is now what is needed for cryptocurrency to commence another bullish run to test the upper channel of the wedge... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Bulls could temporarily terminate EURAUD bearish runs with a leading diagonal at the extreme pessimism. A pullback to a mean value will be ideal for a good buy entry on the pair N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
USDCAD has for the last 2 trading days showed signs that the currency pair is ready for a short term (daily) rally. With an indecision candle on Thursday followed by a strong bullish candle, USDCAD daily bottom is likely to be at 1.26000. What's needed now by the pair is to rally above 1.28000, then the environment will be right... N.B - Let emotions and...
A leading diagonal correction pattern at extreme optimism are catalysts for a down movement on AUDCHF N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Interesting thing about Ending Diagonal correction pattern is that the asset breakout can occur either side - bullish or bearish. With increasing bearish sentiment on gold, there is high possibility for gold to continue on the down side. Possible reversal level at 1789 or possibly testing the lower channel of the daily bullish wedge... However, a break above the...
AUDJPY has been on tremendous upside rally but recently paused for corrections on H4. The bullish wedge pattern interjected with a break of the trendline may likely cause the pair to go down after the correction N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The breakout of EURNZD from its corrections could cause the pair to rally upside N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
AUDUSD has been on a good rally up since April 2020, but now on a correction which may likely terminate with a minor pullback to its mean. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After the high optimism, AUDCHF maybe ready for a bear move. Needs to rally up to test the high at 0.69113. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Silver after escaping the ending diagonal now testing the upper channel of the Regular Flat. Commodity may likely be ready to test the Swing High above 27 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
As bullish sentiments keeps driving bitcoin high, a pullback is what some buyers are waiting for to join the moving train Not time to sell. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold breaks below the lower channel of the bearish wedge last week. Price will now attempt to rally toward the upper channel of the daily bullish wedge (at 1880), and most likely find it challenging to overcome the level before bears take over thereby sending price to re-test the low created last week at 1840 (61.80% Fib level) or below. N.B - Let emotions and...
GBPCAD is on bullish wedge looking ready to turn bullish. 1.72010 may be a level to watch for reversal N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trade
Dollar index may likely still move down to re-test the low at 89.28 as the bearish wedge on H4 indicates. ***After interpreting dollar index, I will be reviewing my H4 outlook on USDCAD while I tend to favour bullish wedge for USDCHF N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trade
GBPUSD started 2021 in bullish wedge on H4, with the pair weakening, a rally towards the upper channel of the bullish wedge might likely be attacked by bears dragging it down to 1.34000 or below N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
USDCHF has been on downtrend on the higher timeframe, but recent activities on the lower timeframe indicates the pair might be ready for a pullback. 2 Patterns are shown on the H4 chart & the 2 are possibilities. One, we have an ending diagonal which is an established pattern on the chart while bullish wedge is also developing its upper channel (red dashed...