Whats'up traders! Howdy? Topdown analysis for GBPUSD 2nd of October, 2023: On the daily timeframe we have a downtrend formation after the head and shoulder reversal pattern, and now briefly bouncing off the 1.2088 support, we have a trendline rejection on the 4hr timeframe amd 1.2270 resistance rejection on the 1hr timeframe. A clearer view of the market structure...
TOP DOWN ANALYSIS ON USDJPY: USD/JPY is approaching the psychological barrier at 150, not too far from the 2022 high of 152.00. There is no sign of reversal of the uptrend, while momentum on the weekly charts isn’t showing any signs of fatigue. This suggests the pair could give a shot at 152.00. For the immediate upward pressure to begin easing, USD/JPY would need...
Whats'up traders! Howdy? TOP DOWN ANALYSIS ON NZDUSD: Currently at liquidity zone of the Daily timeframe and may likely bounce up to the 0.6 inducement zone before contining the bearish momentum, also been ranging on the 4HR timeframe since 11th August, also recently broke and bounced off 1HR trendline liquidity, eyeing the 0.594 liquidity zone on 15M tf. I'll be...
TOP DOWN ANALYSIS ON EURUSD: Approaching liquidity @1.0417 on Daily TF, waiting for the 4HR full body candle close below 1.049 or the 1.05 15M trendline rejection
Whats'up traders! Howdy? TOP DOWN ANALYSIS ON THE AUSSIE: There was a break of the inducement zone (0.636-0.638) with a Daily candle. However, this was shortlived by a retest at the zone. I want to wait for a 4HR full body candleclose below 0.635 and short to the 0.633 - 0.630 support. Follow me for more private ideas on top down analysis and day-trading entries...
Whats'up traders! Howdy? XAUUSD TOP DOWN ANALYSIS RESULT: Whenever price done consolidating on the bounce frome support, I'm shorting from brneath the 1873.2 support to the 4HR support of 1862 during the next NY session Follow me for more private ideas on top down analysis and day-trading entries on smaller timeframes. Peace!
Whats'up traders! Howdy? This is my view on the NZDUSD for the year's last quarter. Subscribe to my page for a top-down analysis and entry points for day traders. Peace!