louiskiyay

louiskiyay

We're in a range market. Overall trend is bullish. Weak resistance and strong support.

louiskiyay

Price broke yesterday and seems like we're retracing. Obviously wait for NFP to play out or until 9:30 to make a decision.

louiskiyay Updated 

15m is now bearish. Price might try to reach 4h low. Price can now retrace on a lower TF or it could keep going down. Confirmation on the lower TF will confirm it.

louiskiyay

Price seems to be stalling at supply zone. There's some demand to mitigate so one play is we could be sweeping above 12050 and go down to around 11990 or 12000 and then maybe we'll see price go back up. If it breaks through supply, I'd just be looking for a demand zones to trade from. If it breaks through demand, I'd look for supply zones to trade from. Entry...

louiskiyay

Without confirmation, there's no bias. Price does seem to want to go back up after the massive dump it took on Friday. Might be a long trade but since it'll probably happen during Asia or London session, I won't be able to trade it. Will have to see how it looks like during New York session.

louiskiyay

This looks like a complex structure and with demand supply on both sides, it doesn't look like it's going to be easy. There's plenty of unmitigated demand below so we might be seeing price trying to start mitigate but we have also not broken clear structure imo as we have not taken any new highs since the beginning of Feb. For now I would assume a bearish bias...

louiskiyay

Even when it seems like it's a ranging. There are swing points you can identify. The daily swing might be bearish but orderflow has been bullish since the beginning of the year and it seems we might be at a demand level on a lower time frame.

louiskiyay

Not much to say. These weekly analysis are just a good exercise to keep me sharp. We're in a correction phase and seems like price has started ranging.

louiskiyay

Price is still bullish but in order for the 15m demand to be reached, price first needs to go down. This means in the very short term, I expect DXY to drop before resuming its bullish trend. This means most instrument against the USD will see some kind of bullish retracement before going back bearish.

louiskiyay

We're now heading up and waiting for the 4h to create a ChoCh so we can begin the pullback. We're currently still in the impulse wave of the 4h so if we go down lower to the 15m, I'd still be looking for demand zones as I expect them to hold. However there is a demand zone that has been left untouched so we will be trying to head there at some point. We also have...

louiskiyay

Again, not much to write about. Price has broken down so we can assume we are bearish and has created a ChoCh to signal we are potentially retracing to either the 50% or more of this swing leg. Until price goes the other way, I will assume every instrument pitted against the USD is going to sell over the next few days. There are more ChoCh that could be listed,...

louiskiyay

Not much to say. We are in a bullish trend and currently in the correction phase. All that matters at this time frame is knowing that USD is currently going down and our expectation is that it keeps going down unless orderflow changes in a lower time frame. This idea probably won't be updated for another 6 months as I need to wait for either swing points to be taken.

louiskiyay Updated 

Price has broken structure so we're now looking at a bullish trend. The high has not formed yet. We are at a POI so now we just wait to see the pullback.

louiskiyay Updated 

Price has broken structure and we can now say we are in a bullish trend on the 4H. When this happens, we expect price to pullback before continuing the trend. This means there's now a short trade possibility on the lower timeframe such as 15m.

louiskiyay

This is the trading range for the longer term. Plenty of imbalance to fill and keep in mind that we've already hit the EQ (50%) once.

louiskiyay

We're at the top of range of the 4H breakout. Wait for price to take out liquidity and create a market shift down. Once that happens, it'll be good to go short and target at minimum the 4H EQ (50%) and possibly lower if price action keeps going in the same direction

louiskiyay

Knowing what happens on the higher TF is crucial to trading the short term. There's going to be longs and shorts during this time but knowing the range you trade within can help determine where the price might go and where it may turn around. In this case GBPUSD is in a downtrend and until it breaks the swing high at 1.23, the assumption is price is still bearish...

louiskiyay

Looking for longs on the short term but keeping in my mind that if price shows exhaustion, I'd look to target the weak low set out. Hopefully price goes up far enough to create an attractive trade.