Gold has had a good week, with prices testing the 1850.0 level. If we see GC give back some of the gains, then a pull-back buy from the daily 62% Fibonacci retracement may come into play. For the rest of the session, an entry on this trade idea will be valid: 1) Long February GC futures from the center of the value area and 62% retracement, around 1821.00. 2)...
BTC has continued to trade lower over recent times ahead of the concerns around security regs in the crypto market and what the impact will essentially be in the future to the digital currencies. Right now, we can see a huge bear break of the liquidity zone (now directly above of price) that we are expecting price to come back and retest to confirm the bear rally...
It’s been a rough week for NASDAQ bulls. Prices are off significantly and may retest an important support zone. Here are the approximate levels: 62% Weekly Retracement, 15,250 Big-Round-Number, 15,000 Below is a potential pull-back buy from downside support: Buy limit NASDAQ CFD (NDQ) from 15,125 Stop loss @ 14,750 Profit target at 15,500 Risk/Reward, 1:1 The...
Oil has breeched a huge institutional liquidity zone on it's speedy covid-19 recovery surge. It's currently trading through and if it keeps up the pace at this rate, it'll be breaking right through within the week. Should price give us a nice strong breakout of the level, we should be waiting for a relatively strong retest before we see the continuation to the...
A naked pin bar at support shows price acceptance of this level and paves the way for a push higher for this pair. The USD continues to drive higher in the basket, despite some less hawkish data last week. The next resistance zone is seen at 115.50 then onto 116.00. Fed Powell is set to speak this week. If he starts to show caution after last weeks data, we could...
Opportunity for a pre-market close idea in USTech stocks today. Price currently sitting beneath immediate resistance. Should price breakout and form new high above the anchor (highlighted in yellow) then we expect a rise to the upper limit above. Should price fail to create new high and continue to sit beneath the current anchor point, it's a simple case of...
This is a classic set up of one of the strategies we trade and teach inside our community. We enter at the break lower of yesterdays low and target the next levels of support for our take profit areas . We have a 2 part exit strategy. If tp1 is hit we exit half the trade and move stops to break even.
Price currently at the top of a big bull run and currently is seen forming new order block at the highs. We may see evidence soon of negative imbalance but in order for that to come into play, price will need to first test the lower highlighted zone below. Bears are seemingly taking control of the situation so we'll be keeping our eyes peeled on the decline...
The EURNZD has recently broken free of an equilibrium zone prior to entering into its accumulation phase. Should price breakout above the highs of the current zone highlighted above then we should expect a nice bull run up to previous area of resistance. However, if price breaks below the bear anchor point (lower limit of the highlighted zone above) then we...
The USDCAD is at a crucial level of support. The medium-term trend is down. A break close and retest of the 1.2600/25 zone could open the trap door to a more significant move lower into the next support zone. There is a Head and Shoulders pattern formed on the 4 hour chart which would target a drop into 1.2300. The Loonie is tracking oil prices higher, whereas...
EURUSD is forming a bearish flag that could break to the downside to continue with the prevailing weekly trend.
Continued Yen weakness among most pairs has created a possible Buying opportunity in CADJPY at around the 90.63 price area. Longer TF resistance come in at around 92.00.
The Pound is trending higher. possible momentum Pull Back to the 1.3440 price area. Longer TF resistance is at the 1.3600
The EURJPY has strong momentum to the upside. Pull back Long opportunity at the 130.00 price level. Longer TF resistance comes in around the 131.50 Price Area.
Strong momentum in GBPJPY has provided a possible buying opportunity at the Break out retest area around 152.65
The Beast is showing bullish reversal as it bounces off weekly support at the 149.00. New daily uptrend is providing a possible buying opportunity around the 151.60 area. Resistance comes in at around 154.
Market has continued to channel. sideways. Possible short at the 115.30 Price area. Would confirm with Bearish candle pressure upon entry. support comes in around the 113.35
Weekly/Daily Trends are down. Possible selling opportunity around the 128.50 Price level. Larger support comes in around the 127.00