mariobillz7

mariobillz7

Overrall trend on this pair is bullish and price has formed a higher low at a previous level of resistance turned support. From here we can see price try to retest the top of the range and even a break out is possible if we get some solid fundamentals coming out of Australia for this pair

mariobillz7

4-hour perspective on EURUSD, We can see price is approaching a demand zone on the same timeframe with a key level just below the zone at 1.08000. We could see a minor pullback to retest broken support at 1.09000 before the decline down to the base of the trendline where we look to go long from.

mariobillz7

We validate our entries for the short after the ascending channel is broken to the downside, but if price finds support and bounces off we can look for longs to continue the trend upward and anticipate a new higher high

mariobillz7

With the positive report from the October 7th NFP and technicals still point the bullrun on the DXY isn't over, it would be less smart to be looking for short on the DXY considering it's "over bought". The DXY is still on it's strong uptrend and may not stop until 118 to 120 is achieved. We have strong report coming out of the U.S economy to back this analysis

mariobillz7

USDCHF - On the 4hr we can see price is approaching a strong level of resistance. Once price achieves this level, we will be look at the next major high after a break and retest

mariobillz7

After a strong pullback to the upside, price has failed to create a higher high and has found resistance at a 4hr level of supply which means the trend is still bearish. Until we get a break above 1.77, we are still very much on a downtrend on GBPAUD

mariobillz7

This pair is on a strong bearish trend approaching a major monthly support. There may be little to no retracements from current price hence the risky entry. Monitor for pullbacks on lower timeframe to get an entry and ride the trend

mariobillz7

After what looked like a breakout to the upside out of the consolidated zone, price found resistance on the descending channel and has quickly moved back into the range. From here we can expect a new low be formed thereby testing previous level of support on the Daily and Weekly timeframe

mariobillz7

From the setup above we can see price is clearly on a downtrend on higher timeframes. We had a little bit of bullish pullback to previous level of supply. This was a 61.8% retracement on the Fibonacci level which aligned with the descending trendline. We have more than 3 confluences to look for sells from current price - Bearish trend still obvious - Price...

mariobillz7

From the daily time frame we can see GBPAUD is still on a bearish trend with the formation of lower lows and lower highs. A break of current structure will see price selling down to the next level of support on the daily and weekly timeframe. A break above the daily high will invalidate this setup

mariobillz7

Update on EURUSD We can see price has broken below 0.99800 from here onward we can see price selling all the way down to 0.99120 - 0.98780 which will be a level of support before looking for price back to the upside if the support gets maintained

mariobillz7 Updated 

GBPCHF is at the base of a weekly support. After been on a downtrend for weeks price hasn't found support yet but it looks to have bottomed out and taken out weekly lows. From here i expect a little bit of bounce back up to at least 1.2000. Apply risk management

03:46

mariobillz7

EURUSD is currently stock in between a range since the last CPI report and currently still trading below 1.0000. From here we could see a potential move to the downside to retest support and a move back up if support holds or we can see a continuation and a the creation of a new lower low from current price to untested levels of Sept 2002

mariobillz7

GBPUSD to buy back to the top of the channel. After been on a downtrend for months, price has found a bottom at a weekly key level and the bottom of a descending channel. From here i expect price to bounce back up. First take profit would be at the top of the channel. Apply risk management

mariobillz7

The pair USDJPY has been on a strong uptrend for the past 20 months and has found resistance at 145.000 a level that was last traded August 1998. Considering the growing economic reports and strong job data coming out of the U.S, along with the recent downfall of the Yen, the USD took advantage of the Yen's weakness by going back to retest these levels. But they...

mariobillz7

After breaking out of the descending channel, gold has come back to retest the top of the channel, we have multiple confirmations to go long from here and target a new high all the way back to 1744. A break back into the channel would invalidate this setup. Apply risk management

mariobillz7

Expecting a sell down to negative 27% and considering the trend is a bearish trend

mariobillz7

With a clean double top on the daily and a new lower high just formed, we can now expect a sell to at least 50% of the mini bullrun that started on this pair since around the 18 of March 2020. We have a bearish divergence on the MACD from an indicator perspective and a supporting trendline currently holding price, a break and retest of the trendline would initiate...