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Yesterday we saw a Buy side liquidity sweep on Gold OANDA:XAUUSD followed by a downward slope showing strength and displacement. The price recovered within the boundaries of the 1988-1989 previous supply zone. Technically it opens the door of a potential Short side trade. In another hand the middle east conflict is creating uncertainty about how successful can...

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Breakout or rejection of the 1988 price level will determine the following trend in the direction of the bullish momentum or in a downward bearish range. Two inverse FVG will resist to the upper breakout with an encroachment around 1988.5 as a main focus of interest. The previous rejection was during the New York session opening range and a displacement of over...

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Despite the higher timeframe bullish momentum the current downward enables to Short a Daily range. Expected target in the 1967.5 area. OANDA:XAUUSD . FVG in green to potentially prevent the target to be fully reached.

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Many traders will be interested to trade the new reached resistance level on USD JPY. It might be a very attractive level to place an order but unfortunately It can be also a honeypot type of trap. On a Smart Money perspective that area just above the multi days resistance level is a liquidity area. That liquidity is potentially harmful for short traders as a...

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FX:GBPUSD Here GBP USD in timeframe one hour with the visualization assistance from Ricksimpson (Zigzag order block retracement ) and HeWhoMustBeNamed (Auto TrendLines and Support Resistance ). Thank to them we can see how GBP USD managed to rebound from the 1.341x region to breakout the wedge near the 1.348x. Following the breakout in principle that price area...

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OANDA:XAUUSD After several attempts inside the 191x region, Thursday may open the way to the sub-1900 price range on Gold. Here is the past sequence with the expected demand zone(blue area)

parisseine Updated 

OANDA:XAUUSD On the back of the US employment data, yesterday Gold manages to reach again 1955 without being able to cross over previous day high. Today a breakout of that level can enable an extension to the 196x level but as for now, a new low is still on the card. Here are the high low sequences:

parisseine Updated 

Gold is experiencing a reprieve to the 1943-45 price area but the complete bearish slope still have a potential extension to the downside into the 1904-8 area. Here the sequences for OANDA:XAUUSD

parisseine Updated 

Attacks on two tankers from Saudi Arabia reversed the early trend of crude oil. Those attacks are targeting US and US allies interests in order to distrupt oil supply from the Persian Gulf . So far today it has worked as planned by the perpetrators. Waiting to see the market reaction during the US session to those attacks.

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OANDA:WTICOUSD \ Hopefully, I reached my target yesterday of 61.03 before that “reassuring” tweet on the Sino-US trade deal. After the very traumatic reaction from US stock markets from last Sunday news about China tariffs, it seems consistent to provide the market with less pessimistic news The last tweet from president Trump has created a huge buying impulse....

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OANDA:WTICOUSD As mentioned in my yesterday analysis 62.0x has played a pivotal role in the price action. After a reversion at that level, we have had a drop to the 61 price range. Thanks to an anticipation of the coming data and a surprising decrease of over 3 million barrels the target I mentioned of 62.3x was quite exactly reached during the US session. A...

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OANDA:WTICOUSD After a sharp decrease yesterday starting from the Asia session and with the lowest point during the European session, US buyers managed to resist on monthly support in the 60.7x area and swing toward 62. Today quotation is following that pullback in order to potentially reach the 62.3x price range that was the starting area of the yesterday...

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OANDA:BCOUSD It was quite a long process to cross level 5 I suggested in my previous analysis. Considering the price action since we crossed that breakout level we have had the usual downslope after we crossed that breakout area but we can't see any real drop so far below that level 5. I am expecting today the quotation to continue is way on the upside with a...

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OANDA:AUDJPY As you can notice recently, price action appears often disconnected with fundamentals. As for example the sharp retracement after the RBA no rate increase announcement or the last retracement in progress despite all news about US-China difficulties to reach a deal. In other terms, we may say that the Forex market is definitely no longer WYSIWYG...

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OANDA:BCOUSD As published previously the bearish momentum has corrected each of the bullish attempts so far. The updated 120 minutes chart suggests that the market configuration hasn't changed that much from last week. Despite that strong headwind I still consider a new attempt to the upside can be initiated from level 5 indicated in the chart. Conversely, a...

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OANDA:GBPJPY 3 days ago I published my Bearish target for GBP that was reached yesterday @141 level. it is critical in a trading plan to anticipate retracement. Retracement is a necessary step to initiate a new impulse but what I would like to simply illustrate is why retracement can be so brutal and potentially very damaging by nature. On that 120 minutes...

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In that OANDA:BCOUSD 240 minutes chart we can identify two opposite forces. On one side the momentum is correcting bullish attempts, on the other side Buyers are rescuing the price correction. As shown in the chart step by step bullish bets managed to push the price up, one level after another level. As we learned from Bill Williams the momentum is the last to...

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OANDA:BCOUSD Yesterday was the big day I was expecting with a 360 degrees daily swing, starting with a bullish attempt of 120 pips from 62.5x to 63.7x and a final fall of 200 pips. It validates how critical is that area for both Bulls and Bears to shape the following trend of Brent Crude Oil. I mentioned on my daily chart analysis yesterday an area of...