With both Weekly, Daily and 4H timeframes being bullish we should focus on looking for GU Longs. We experienced a 4H Change of character in the previous day, and finally making a 1H Hidden Invalidation retest by week end where we could get a low risk entry but missed it. We have been able to get another low risk entry though after 1Htf Structural break and a...
With both Monthly, Weekly, Daily and 4H timeframes being bullish we should focus on looking for GU Longs. We experienced a 4H Change of character last week but one, with last being a consolidation and finally making a structural retest by week end, and that is where we got that low risk entry. Let us wait and see how it plays out. Let's remain reactive and not...
Hello Traders, In the Monthly T.F USDCAD downtrend Structure still holds despite of various attempts to break it, meaning no clear candle has been able to break above the most recent down l trend structure. In the weekly though, the Downtrend structure has been broken and confirmed, meaning we are in an uptrend in the weekly Time frame. The daily T.F Confirms...
Hello, Guys. GBPUSD Is on a strong Supply zone in the monthly, and bulls haven't yet indicated any clear sign of taking on the league. For now we can still hold that bears are still in control. On the weekly Time Frame a clear consecutive Lower high and lower is seen on the previous weeks. Having formed a lower high in the previous week, we expect bears to take...
Costly natural gas prices and ongoing supply threats leave the eurozone facing elevated recession risks.” “A data-dependent ECB may look to tighten again at its next meeting. However, recession concerns and fragmentation risks, due to rising credit concerns, point towards early December 2002 EUR/USD lows at 0.9863 remaining in view.”