Profit taking has pushed the dollar lower across major instruments. Presently we anticipate bitcoin to gain more ground against the dollar possibly hitting the 37,000 price handle. Thereafter we shall await a shift inorder flow and market structure before placing sell orders.
The New Zealand Dollar is recovering after a serious battering throughout the year. Presently, we have a change of character on the 4 hour and an internal break of structure on lower time frames. We favour a bullish trade from the liquidity to the identified upside. We do share the same analysis for AUDCAD.
Presently we are in a profit taking season against the dollar that has sponsored a bearish outlook. We have a change of character and break of structure that informs our bearish outlook targeting the unmitigated demand at 16.76 price handle. We are anticipating activation of our sell li it orders at 18 price handle.
In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.
We maintain a long term bearish approach to this pair. Presently, after a break of structure, we have a corrective move targeting the unmitigated zone at 20.39 price handle. On the 4 hour time frame, we have a change of character and internal break that informs our buy position at 19.9
We are looking at a possibility of sell set ups. We are in a major bearish trend that is presently correcting itself.Should we have a break of structure, we will look for sell set ups targeting the liquidity below the lower structure.
Increased profit taking against DXY and the ongoing conflict between Israel and Palestine has fueled the rally in precious metals. We have broken above key levels in an attempt to mitigate the supply sitted above. We are awaiting the completion of the bullish correction thereafter we shall look for sell set ups.
As 2023 draws to aclose, we are witnessing DXY profit taking. Cross USD pairs are registering a brief bullish correction and the same is evident for XAUUSD. Presently, we anticipate GOLD to mitigate the supply in green, thereafter we will look for sells or a bullish continuation.
Finally, we have a break of structure and break of weekly swing structure. There is a possibility of a bullish correction (red0 or bearish continuation (black). We will only trade once we have a clear set up. We do favour a bullish correction before thereafter a bearish continuation.
Towards the close of Q3, I had a bearish outlook on EURGBP. As we wait for NFP data, I decided to re-look at my analysis. My bias has shifted from bearish to neutral. If we break above the supply we are targeting 0.88-0.89 region before sliding down to 0.85. In the event we break below the 4hr demand, we are likely to mitigate the demand at 0.85 before pushing...
We are likely to have a bullish correction for this pair. Presently, we have supply failing to hold and a flip zone is holding. Beneath it we have liquidity in form of equal lows. I expect the liquidity to be tapped then a correction to the upside. Note that we are in a bullish correction on the daily charts.
On the daily chart we have a major consiolidation represented by the purple arrows. On the 4 hour chart, we are waiting for a break an a retest thereafter we shall seek to sell targeting the liquidity or fresh order block sitting below.
We maintain an overall bearish on cross JPY pairs. Though we missed an entry last week, there are premium sell opportunities we can exploit in the coming days. Once we have a second break, we will look for sell limit orders once the bullish correction move is complete. In the even the bearish move breaks lower then we either wait for a consolidation and a break or...
We have a combination of major and minor consolidation represented by the purple and orange arrows respectively. The major trend is bearish though we are witnessing consolidations on the 4 hour and daily charts. Once we register a break of structure on the minor structure, we will look for sell limit orders targeting the liquidity at 1.0514 price handle.
On the 4 hour chart, we are monitoring possible sell opportunities. After the impulsive move represented by the green arrow, the pair is in a bullish correction that seems to be losing momentum. Presently we have a break of structure. I am awaiting a correction targeting a trend line liquidity and fresh order block on the 5 minute charts. The second alternative...
On the weekly time frame, we have completed a bullish correction that has been active for the better part of 2022 and 2023. On the 4 hour time frame, we have a change of character and a break of structure. Presently, we are waiting for a correction targeting the Fresh order blocks 1.831 or 1.83395 where we will place our sell limit orders. The targeted exit is the...
On the weekly timeframe we have a change of character (CHOCH). Presently we are completing a bullish correction before resumption of the main bearish trend targeting the downside. On the daily time frame, we have a sell limit placed at the 4526 levels and take profit at 3993 price handle.
We have been monitoring this pair for a while now. We have a CHOCH and BOS on the 4 hour that led to the bearish slide to the demand zone below. Currently we are witnessing a bullish correction targeting our sell orders at 0.8901, our intended profit target is 0.86 region where we have unmitigated demand zone.