AUDUSD is trending pair in it's nature and one of the most if not the most trending currency pair in the market. The market is now bullish and is at a previous higher low area to potentially give us a higher high. The only time I will be interested in shorting this pair would be if break below our 0.63600 area because that is our monthly demand area. Trade what...
Before you complete reading this, do me a favour and go and take a look on the monthly chart and tell me what do you see. If you saw a massive wicks rejecting the upside then continue reading. The market has been stuck in a range since Thursday and Friday and with nfp how do we trade this? IT's simple. We need to wait for a break out of either support or...
XAUUSD aka my baby aka Gold has had a good bullish week however can the bulls maintain this possible change in trend? The market is currently technically bullish and the only time I will be looking for sells if break the last zone on the chart which is our lower high. Breaking that zone would mean that we have once again the bulls have failed to conquer because...
XAGUSD aka silver is now in a bullish with the market creating a retest of the previous lower high structure. Now 2 things can happen here, the first one is that when we get to our zone we can complete the retracement and then continue making new highs or we can have scenario 2 where if we break our zone(it being a lower high), then that would mean that we have...
Market has closed bearish and overall long term trend is to the downside. Next week, waiting for a pull back to area of interest to see whether we will reject and continue heading down or will we start heading to the upside.
EURUSD has seen a substantial amount of time below 1.0000. With the week so far holding support and us breaking out of the range, the future of EURUSD looking BULLISH!!! London and New York session to provide some volatility to the upside
A beautiful head and shoulders and pattern has formed.
This is a high probability set up with a positive risk to reward.
Entries will differ as per the individual and trading methodology, however to maximize on a set up like this entering during London or New York session is the better play because of the amount of volume expected and volatility.
During London...
Crazy volatility has caused major rejections and it now appears that we are heading to the upside.
Could silver be heading to 23.00?
After this past weeks fundamentals, there's nothing that could prevent silver from reaching 23.00.
Have a good trading week fellow traders.
With Fridays fundamentals causing volatility in the market we will be looking for a pullback for gold in order to continue heading upwards.
For the months of April and May you will see bearish structure and since June has began we are starting to reverse and head back to the upside.
Could we see gold going back to 2000? Maybe, with this upcoming week gold is...
5 CONFLUENCES ON THE DAILY TIMEFRAME AS TO WHY NZDUSD IS GOING TO MELT
rejection of the daily trendline (3rd touch), market structure/role reversal as prior support turned has turned to resistance, candlestick pattern (doji with a fat rejection), rejection of the 50 EMA and in the 50 and 61.8 of fib level.
NZDUSD ABOUT TO MELT
If we start by looking at the monthly we have a beautiful head and shoulders patter which indicates more downside price movement.
Dropping down to the weekly we do have a bearish engulfing pattern followed by a shooting star indicating that there are no bulls left holding price up.
On the daily timeframe we see an evening star pattern which is bearish 3...
XAUUSD needed to break the LH (lower high) in order to continue bearish...however what happened was that a morning star was created and ever since then there have been beautiful support ladders(4 hours) being created. We have been rejecting the downside on the intraday timeframes which indicates bulls are in control.
Keep it short and simple.
For any analysis...
Clean traffic to the lefthand side. We did recently break intraday resistance and we have given a fat rejection. We are bullish for the next 200 pips.
Golden Rule: Keep it short and simple
