The video explains the opportunity on the downside for the session (s) ahead given the test of a 50% reversion on the daily chart, and the hourly Gartley break of trendline support and structure.
USD/CAD has been melting to the downside following the bull's capitulation out of a rising trend from 1.3060s resistance. The following illustrates the bearish bias on the 4-hour chart. The price rallied into a well-respected resistance zone and has been in the hands of the bears since the start of this week. The market left behind a harmonic pattern in the same...
AUD/USD has made a peak formation on the hourly charts with a move below 0.69 the figure from where it has formed a peak bullish formation and bulls will be looking to engage from within 0.69 again for a bust higher over the course of the forthcoming sessions. The money is above the various swing pints on the hourly time frame. The Gartley pattern is a bullish...
The Gartley pattern offers resistance around 137.50 which leaves the focus on the downside and back towards the pattern's neckline. This also aligns with the W-formation's 38.2% and 50% ratios. Zooming down to the hourly chart, we can see that the price is moving out of the bullish trend. Zooming in further, we can see the price is attempting to move out of a...
Bloomberg's article circulated the wires as the Tokyo session opened that reported on President Xi Jinping's and Russian leader Vladimir Putin's plans to attend a Group of 20 summit in the resort island of Bali later this year, Indonesian President Joko Widodo said. This sent the US dollar higher but has offered an opportunity to fade the news from a seriously...
NZD/USD bulls could be about to step in following an early Asian slide due to the trade deficit hitting a record high. Tokyo will be an interesting feature in today's market. If the equities start off on the right foot in Tokyo on the heels of a positive close on Wall Street, then we could see a move higher in the kiwi. Looking for a bearish correction DXY as...
GBP/USD is under pressure but bulls are moving in and there is a scalping opportunity to be had. The price is in a phase of accumulation, moving out of the resistance trendline. Should the bulls stay in charge, then the scenarios in this video could play out in either an imminent breakout of the structure higher or a protracted phase of price discovery...
This is a short video to demonstrate a particular process to fade rallies. However, in this scenario, the market did not give us the entry we wanted, and the price just melted its way to the target without us = but that's ok, you win some, you lose some, and some just pass you by. The important thing is to have a rule-based strategy and play the probabilities -...
The markets were stubbornly indecisive in Tokyo during the equity hours and there was no follow-through. The video explains the outcomes. Gold was moved to breakeven given the DXY W-formation..
The US dollar has corrected higher and Tokyo is buying in. This is seeing USD/JPY correcting higher and I believe this could be the makings of a significant bullish correction as the video explains.
This is an update to a series of videos and analysis of NZD/USD using the TV paper trading facility. Time to be moving to breakeven.
Tokyo has come back online and has triggered the sell limit order
The gold price is offered and there could be a move to 1775 occurring at the moment. The following is a short video, albeit a touch late due to poor internet connection and failed first-time attempts to post prior to the Tokyo open, but opportunities are night nonetheless.
NZD/USD bulls have been stubborn so far, but I think there is an opportunity here for a move within a 50 pip box between 6450 and 6400 for the close this week. The video explains the thesis. The 15-minute double bottom lows are not encouraging, however, for a tight stop loss, so I will be monitoring this correction for clues as we go before pulling the trigger...
NZD/USD is stacking up for a downside correction with 0.6350 eyed as a potential support area that could be met should the bulls continue to throw in the towel following Wednesday's surge related to the US CPI data.
Gold Price Forecast: XAU/USD bulls got free drinks on the house, but hangovers could await them. As illustrated, the price has run up to the 61.8% golden ratio where some profit taking would be expected to occur. A build-up of supply could pick up over the course of the coming days and weeks ahead resulting in a topping of this correction of the M-formation's...
The four-hour chart's outlook is bullish while above the recent lows and would be expected to see the price rally towards the area of imbalance, as per greyed area on the chart above. On a break of support, however, the W-formation's neckline and point of control could be targetted for the sessions ahead.