Larry-Muttu

Larry-Muttu

Price is currently in a corrective phase to my PL at 1785 after that strong impulse from Friday last week. I am currently looking for sells at rejection of 1785 and break of the ascending channel to capitalise on short positions with targets to 1774, 1770 and 1765. PS: Past results do not guarantee future results. Maintain risk management.

Larry-Muttu

Price action on the H4 shows that price strongly rejected PL 1790 and closed above it. When i scale down to the H1, i notice that price is currently at PL 1790, in a sort of correction phase retesting this level to prepare for another push to the upside to 1810. Risk entries for buy setups would be at 1795. PS: Past results do not guarantee future...

Larry-Muttu

SCENARIO 1: Price breaks the daily demand at 60000 with strong bearish momentum, good area to look for shorts to 57000. Keep in mind good risk management. Past results do not guarantee future results. SCENARIO 2: Price bounces off the daily demand at 60,000, presenting us with bullish momentum. Good area to consider buys is at the break above 61000 and for...

Larry-Muttu

AUDUSD is currently in a downtrend, and seems to have respected our market structure. Price action on the H4 suggests we have rejected the major trendline and price is creating a new lower high. Possible short positions could be taken below 0.73126, with a 1:2 RR to 0.72949.

Larry-Muttu

WEEKLY TF: Week of 9TH August closed off with very strong bullish momentum as observed by the weekly candle close, as there was strong rejection of lower prices. Price created a new HL as it failed to break the structure low at 1675. My clarity on the uptrend is still strong for Gold in the coming weeks of August unless we see new market structure forming. ...

Larry-Muttu

Weekly TF: The current trend of the market is an uptrend. However the bears came in the previous week that ended on the 20th of August, and closed with strong bears momentum above PL 1.36000. creating a new structural low. Daily TF: The daily candle at the close of Friday bounced off my Psychological level 1.36000, creating a double bottom. The region around...

Larry-Muttu

Hello friends! I am looking at USDCAD today. The market structure still presents us with a valid uptrend. Price broke out of the H4 PL 1.21150 and created a new higher low, which shows price currently respecting market structure for me and my Daily trendline has been respected. I am currently waiting for price to come back into structure 1.21150 , with the bulls'...

Larry-Muttu

Interesting price action here with GBPUSD. Price rejection at psychological level 1.38750, followed by a bullish engulfing pattern at the structure. I am expecting a possible long opportunity off the structure to 1.39500 after the break of price 1.38986 for a 1:3 RR.

Larry-Muttu

HEY THERE! Looking at Gold again today anticipating a short. The previous daily candle closed with bearish momentum below my psychological level at 1800. At the start of today, a retest was made at the level signaling a possible move to the downside, possibly to the lower Daily Trendline. When I scale down to the H4 chart, price is currently at 1794, an area that...

Larry-Muttu

Hey guys, hope you had a great weekend, today I will be looking at XAUUSD. At the close of Friday, price failed to break 1805 PL; and instead multiple wick rejections started forming around that level, before it finally retested the H4 1800 PL where it failed to break below. Currently we see a huge bullish impulse candle that formed after price failed to break...

Larry-Muttu

AUDUSD started a bullish move to the upside after it impulsively broke my bearish trend line; it rallied and also broke structure at 0.73429, where its currently in a consolidation box. I expect it to push farther to the upside after a retest of the structure it had broken at 0.73429 to probably 0.74100 which is also my target for today. I would prefer a reduced...

Larry-Muttu

The previous day closed impulsively with bearish momentum. Basing on the H4 and H1 Price impulsively broke structure at 1.25907. I am expecting a correction phase back to the structure at 1.25907 for a retest in order for me to capitalise on a short opportunity overall to the Daily PL at 1.24050. A good entry would be at the retest of the structure and a bearish pattern.

Larry-Muttu

Price correctively moved back to test the trendline on the H1 WHICH IS IN CONFLUENCE WITH MY FIB RETRACEMENT AT 61.80%, 1818.067. a strong close below this trendline and level and a break of structure at 1815 will give me an opportunity to capitalise on a short opportunity to 1800.

Larry-Muttu

On Monday, GBPUSD continued its downward movement to 1.36640. I still stand with the same setup i had as of yesterday. Its currently in a consolidation box and in confluence with my minor trendline. I expect price to retest that minor trendline and break below the consolidation box to continue the downside movement to -27.00% Fib level. A reduced risk entry would...

Larry-Muttu

My overall bias is a short, however GU has been dropping all Friday last week and has reached an area of demand i expect to be broken soon. I suspect price will first make a pullback back to my trendline before we can get an overall move to the downside. However if price breaks 1.37346 in confluence with my descending triangle , we can capitalise on a short...

Larry-Muttu

I noticed USDCAD is currently wiggling at PL 1.26500, a previous higher high and supply level on the 4H. Double top formation at 1.26500. I am curious to see if price can break this structure and retest it for an upside move or a scenario 2, where it rejects it and gives us a short to 1.24500.

Larry-Muttu

Currently in a small consoliodation below my PL 1815. This is a price level am watching that is in confluence with my counter trendline. Price previously broke this structure and it is looking to retest it for a short to 1800.

Larry-Muttu

On Monday, I marked out that whole ranging price region as i was waiting to see if price can impulsively break out this region. Price tried breaking off this region but then formed very long rejection wicks. However the third time it did it was an impulsive move and currently it is correcting in what appears to be a bearish flag which we have an opprotunity to...