Life_In_Forex

Life_In_Forex

On a daily timeframe momentum meter, NZD seems to be recovering it's strength just as CHF is losing it's strength. We've seen NZDCHF take a monthly low liquidity to then retrace back and finish above the liquidity point, having a strong weekly close upwards after the previous week recording the lowest weekly close yet. I'm expecting to see a lovely intraday...

Life_In_Forex

We're looking to buy back into BTC and fundamentally good crypto in general once we see BTC hit the 17k-20k area. There is much support gathered around this area and we'll be looking to add crypto back to the portfolio for those future gains. We will be looking for the necessary Price Action, strong bullish candlesticks on higher timeframes at this area, in order...

Life_In_Forex

S&P has hit below its 50 year mean average meaning investors and institutional buyers are going to be delighted to get back into S&P, we're waiting for a higher low to present itself before buying into S&P, Volume flow on the weekly chart has crossed 0 and we're expecting this to now hold above it, Squeeze indicates it is dying out for sells, exciting times ahead...

Life_In_Forex

AUDNZD is currently ranging in the monthly chart, the trend is down so with this we are trading with the trend, we see that price is nearing monthly market structure and is due a retracement down, we are looking for price to attempt a BOS to then trade a sell in this market. NZD had good fundamental news the other day so we would expect this strength to continue,...

Life_In_Forex

There is a daily doji indicating that liquidity needs to be taken at a double bottom, institutional traders will be looking to take out the SL's there for another push up following on from the news last week that the US may release their biggest amount of reserves in a while, 180 million barrels over 6 months. Price is starting to form a descending triangle that...

Life_In_Forex

Weekly momentum meter shows that AUD has exhausted most of its strength as does JPY with its weakness. This pair is overly due a retracement. This could happen anytime, we're looking for a break of the 4h market structure that fails in order to take this trade and the position its near now. Price could continue up for a retest of previous high in which case we...

Life_In_Forex

AUDJPY has had a big pull upwards and is looking to take out a monthly doji where liquidity is being held. We expect price to hit this point and reject; moving in the opposite direction. JPY has set a new low on the daily momentum meter, despite the monetary policy it released and the fundamentals surrounding JPY, it is due a pullback. AUD has been strong a while...

Life_In_Forex

GBPNZD had a massive correction down as predicted in our last short analysis of GBPNZD, we expect the monthly liquidity to be taken before seeing a rejection and a push back up to then settle back into range and eventually make its way back up in this intraday trade. We expect price to continue into the major support zone that we have drawn up, this could take a...

Life_In_Forex

NZD has been hitting some strength for a little while and is overdue to come down some point in the near future on the momentum meter, meanwhile CAD looks to be wanting to gain some strength. We are looking for a strong confirmation on a daily candlestick and then selling a retracement back to that level after we see that candlestick before taking the trade. R:R...

Life_In_Forex

Gold is nearing a POI in which there is a key area of resistance to retrace down from the movement. For halfway through the month, gold has moved exponentially yet we're not near the month close, I expect gold to retrace after a liquidity grab attempt at our highlighted area, conservative TP's for the way down as price action could show us something different....

Life_In_Forex

GBPAUD is currently trading near the low of the drawn up wedge pattern. We expect GBPAUD to take a rejection off our outlined area of support, this will be the confirmation needed for us to take this trade. We're expecting the continuation of this pair to move upwards. R:R = 1:5:7 GL.

Life_In_Forex

We expect GBPJPY to correct back down after recent rally up as it's in range currently. Expecting price to have a bit more of a push up where we will be looking for a rejection and a healthy closed daily candlestick. We won't be taking the trade without the confirmation. R:R = 1:5:9 GL.

Life_In_Forex

NZD gave a sharp snapback in price after hitting a recent low, NZD is due to come up in strength on the momentum meter as well as USD due a drop. We'll be waiting for a pullback to our buy zone and a confirmed rejection in or above our marked out zone before taking the trade. Several TP's as we expect price to have a reaction to trendline drawn up, we could see it...

Life_In_Forex

GBPNZD is massively overbought on daily RSI, it's taken liquidity from previous highs and is long overdue a big pullback. GBP has had an extended run as strongest currency in the last week and is due its fall. We expect GBPNZD to start its fall in the coming week. R:R = 1:12 GL.

Life_In_Forex

We're expecting EURGBP to continue trading within the range after seeing two bullish candlesticks on daily closes over the last two days. We took this trade in November expecting a further push but only had a couple of take profits hit. We've now revised this to take profits on the way up to the top of the range. Price is currently trading at bottom of the channel...

Life_In_Forex

We saw a recovery into channel with last months close, we expect another attempt down and wait to see rejection off support for movement to come up and attempt top of the range again. We are below EMA's so will approach with caution and keep allocated risk small. R:R = 1:2 GL.

Life_In_Forex

GBPCAD closed the weekly as a lovely pinbar, we are still long term bullish as with our previous analysis and this hasn't changed considering the monthly still closed bullish however we believe there will be a correction down before we see it close higher next month potentially. We are waiting for a correction up and a rejection off the level specified before...

Life_In_Forex

US100/NASDAQ closed yesterdays daily as a bearish engulfer after rejecting an area of support, it also closed below 20EMA on daily, I'd expect this to have some further movement down despite no confirmation on higher timeframes. R:R 2:1 GL.