ZenMasterFX

ZenMasterFX

Price has been pushing down and very close to break under the 1.25218 level. Waiting for the Euro open and we want to see a strong close near the Euro start session. We see a double top with lower swing highs. Wait for close to confirm entry short.

03:02

ZenMasterFX

Do you think this will continue down? Signs are saying it may come down.

ZenMasterFX

12 hour chart shows a long red candle. Sellers in charge now. Looking for price to continue down from here.

ZenMasterFX

Price is near the 0.6483 level. Please wait for daily close confirmation. Long red body indicates sellers in position. Expecting more downside as the the trend continues down.

ZenMasterFX

Price has broken and closed on the 8 hr time frame on AUDCAD. Over all market is down on daily chart. We are expecting price to go lower from here.

ZenMasterFX

Bearish momentum on daily. We had a red long candlestick on Friday. Expecting price to go lower from here.

11:42

ZenMasterFX

Market review for Indices, Gold, Silver, Crude Oil, and Forex.

ZenMasterFX

Potential short play around 4072. Wait for a daily close below 4072. Overall trend is down. Look for a long red candlestick daily close with minimal tail or no tail at all signifying bears in control. Be patient.

03:38

ZenMasterFX

We entered this trade yesterday based on the daily close. Based on factors that lead to this trade was following our trading plan. Follow the daily trend, look for strong 2 or 3 bar candlestick setup, and took reasonable risk.

ZenMasterFX

Took a short at 1.3637. Major resistance at 1.37550 level. We have 3 red bards with long red bodies. Good risk reward ration of 1:2.

ZenMasterFX Updated 

Strong Bearish pricing action from the start of the US session. Price is slow trickling down.

11:32

ZenMasterFX

Trades I took this week through May 15 to 20, 2022.

ZenMasterFX

Strong down trend on the 3 hr. The last 4 plays have worked out beautifully based on bear candlestick patterns. Notice the long red bodies which indicate strong selling pressure. This current play mimics the same conditions. Lets see if price will bleed down from here.

07:02

ZenMasterFX

My trades for May 18, 2022. Short XAU/USD Short GBP/CAD Short Russ 2000

ZenMasterFX

4 hour chart clearly shows a strong downtrend. Resistance at the 100 EMA and a strong bearish 4 candlestick setup.

ZenMasterFX

GBPCAD is in a downtrend. 4 hour chart shows a long bear candle with little tail and wick indicating strong selling pressure. Bears clearly are in charge here.

ZenMasterFX

A strong bearish candlestick pattern is setting up on the 4 hour chart. On the 4 hour chart is looks like a Bearish Engulfing pattern. Wait for the 4 hour to close before entering and be sure the close is below the 1820 level. Also make sure the last 4 hour candlestick has very strong selling pressure. We want to see a long red candlestick body with almost no...

ZenMasterFX

We finally have a pull back into the 618 retracement. Trend is still down in my eyes, and this area is a great price to get into. Looking at at 1.54 profit ratio here. Cheers!