Looks like AUDNZD is ready to fly to the moon!!! its creating lower lows with really good demands to buy off. In addition to that its a break out of a nasty consolidation. wait for the tap of the zone and get in!!!
SO on the weekly the DXY tapped into a supply and dropped which made it start to retrace back down. HOWEVER, on lower time frames the retracement showed weakness to the down side so a new demand was created and we have a new CHOCH (change of character) looks like more bullish pressure will continue on DXY back to the original supply. so we will be looking for...
We have a potential pullback to a supply and we can take the short
we should by now understand the game of probabilities when it comes to our trading edge. so with that being said lets go over this USDMXN. The peso’s strength reflects a relatively optimistic outlook for the Mexican economy, with 2022 growth surpassing expectations. Having grown 4.8% in 2021, the World Bank expects it to grow by 2.1% in both 2022 and 2023. As Far...
As u always state trading is a game of probability. so with that being said there is a possibility that IF the DXY fail to make it pass the (Drop base Drop) supply areas then we will continue to see Dollar selling pressure coming soon. NOT quite sure if this will tie into a recession or the next major thing like interest rates coming down but its worth seeing for...
EURGBP is been a very interesting pair. the interest rates for GBP and EUR have been up and down respectively after the crazy BREXIT for the last few years. what we are seeing now is a major order block supply area that has been respected very well. On top of that we have a tight channel that is being respected also which makes it interesting for breakouts. lets...
We fair market gap that needs to be filled on the MONTHY. yes you heard me MONTHLY. this is a good swing trade idea. i usually take these setups on the m5 and m15. Im waiting to the gap to be filled tap the demand zone and reject and the next monthly candle breaks the candle and im in for the swing. remember trading is random. most traders lose money. always use ...
So Flash Manufacturing PMI was good for GBP Which had the candles wicking at the demand keeping GBP standing firm at that 1.7600-1.755 area but CPI for AUD came in and decimated that area. so the demand didn't stick.
Lets be honest.. YES. the news is saying we are in the bear market but... this is too much of a high probability that i just want to cry. lol (seriously) see i love high probability rally base rally demand setups. (my bread and butter) so I'm waiting for more confirmations on the lower time frames and take the trade. of course the broker i have allows .minis so...
So we have aggressive buying coming after a 2 week consolidation. Before price exploited up I created a nice demand with fair market gap that needs to be filled. So potentially we can see a pullback rejection candle then we take the break of candle entry. It’s all prohibitory and we cannot predict the market so risk 1% or less.
We see a clear break of structure with the market recovering from the drop from a couple days ago. Usually after a aggressive drop like this we have fair market gaps that need to be filled near a supply that was created. We as traders are playing the game of probability and waiting for the next pull back to the demand below and wait for the rejection candle to...
Looks like a simple resistance that turn into support and now another bull run. do we have a new bull run?? I we will see. its a probability
interest rates are still in favor of USDJPY. even though USD interest rates and inflation rates is vary to change the YEN is still struggling to get positive interest rates. look for the wykoff spring back into demand and wait for the rejection and then take the break of the candle.
Looks like Eurusd is ready to fall down. lets look for a pullback to the order block and wait for a h1 rejection candle and then take the break of the candle.