karenzialvin

karenzialvin

Price could push to the upside to fill the imbalance before dropping, I will be targeting the sell-side liquidity for a 1:3 taking partials at 80% profit level

karenzialvin

After the BOS the market pulled back to the premium, sweeping liquidity to the upside. I expect the market to react on the Psychological level of 1.20750 to start dropping. I will be targeting 2R.

karenzialvin

GBPUSD is still bearish, the price has been moving in a perfect channel on the 1D timeframe thus I will be waiting for the price to test the support level and then lookout for a genuine CHoCH to confirm that price has switched bullish.

karenzialvin

EURUSD still looks bearish in a single leg of a bearish channel like we saw the whole of last week

karenzialvin

Ever since it broke the trendline to the downside, EURUSD has been moving nicely with a little bit of resistance from major key levels. Today we could see a small pullback before the price breaks the support level to continue to the downside.

karenzialvin

After a yummy move to the downside, EURUSD could be pulling back possibly up to the resistance level of 1.09500

karenzialvin

EURUSD just broke the 4H trendline to the downside respecting the overall bearish momentum of the 1D. We could wait for a retest, other confirmations on lower timeframes and then ride the bearish momentum.

karenzialvin

Price just bounced off the trend line and we are targeting the resistance level

karenzialvin

Sell at the trend line

karenzialvin

EURGBP has just broken the support, just waiting for the re test.

karenzialvin

The move was a bit more quiet against the Euro last week, as both currencies were getting slammed against both the USD and the Yen. But, given the lack of theatrics around that move there may be some workable scope, as I had shared in the Thursday article on the Euro. In that piece, I looked at EUR/GBP as a possible mechanism for working with a Euro bounce, if one...

karenzialvin

Last week’s FOMC meeting could prove to have been a watershed moment for EUR/USD. It’s now even more clear that the Federal Reserve’s rate-setting committee is more hawkish than the ECB’s, and that will likely weaken EUR/USD further in the weeks ahead. Even in the short term, EUR/USD could fall some more as traders who have shifted from short to long positions are...

karenzialvin

After the break of the trend line and encounter of a strong support level its time to go long and liquidate at the re-test of the trend line.