USDCHF - 24h expiry Daily signals are bullish. 20 1day EMA is at 0.9103. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips. We look for a temporary move lower. We look to Buy at 0.9103 (stop at 0.9081) Our profit targets will be 0.9158 and 0.9168 Resistance: 0.9130 / 0.9158 /...
Good Morning Asia, On Monday, I shared a Long opportunity with my second target at 2369.80. Although I'm still holding this position, I've identified a scalp opportunity this morning with a good R:R opportunity of 1:6. Price is currently accumulating and preparing for that final bullish expansion towards 2369.80. I believe a bearish continuation in-line with...
GBPAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9230. We look to Sell at 1.9230 (stop at 1.9280) Our...
ASX200 - 24h expiry The correction lower is assessed as being complete. Short term RSI has turned positive. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7825 will confirm the bullish momentum. We look to Buy at 7775 (stop at 7735) Our profit targets will be 7875 and 7895 Resistance: 7825 / 7850 /...
AUDJPY -24h expiry Broken out of the wedge to the downside. Price action looks to be forming a top. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 104.00 will confirm the bearish momentum. We look to Sell at 104.30 (stop at 104.70 Our profit targets will be 103.30 and 103.05 Resistance: 104.25 /...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
EURNZD - 24h expiry Our short term bias remains negative. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.7784. The sequence for trading is lower lows and highs. Expect trading to remain mixed and volatile. We look to Sell at 1.7785 (stop at 1.7835) Our profit targets will be 1.7665 and 1.7635 Resistance: 1.7760 / 1.7785 / 1.7820 Support:...
Good Morning Asia, Anticipating a correction on Gold today towards 2371.19. Although price is currently accumulating, there is a clear break on the 15mins with price purging the recent low. This would undoubtedly attract more sellers in the market anticipating a continuation of the downward move. I see price moving against these sellers. This is a risky setup...
Hello traders! I am loogin a good buy area from 2328 and my target is 2345 let's make this trade turns into profitsss!
Good Morning Asia, A fantastic day yesterday for Gold. We saw the completion of our bearish cycle with price breaking below the HTF LOR in NY session. Today, I can see that price has now established a new H4 break which will be my frame of reference for todays trading. Here is a chart shot of the H4 range and what I project. Based on this frame, we can see...
AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. The measured move...
Good Morning Asia, Today, price is still bearish on the H4. Although we did see a move towards the LOR I identified yesterday at 2407.18, price only tapped this level before pulling back into the range. There is a very strong likelihood of a continuation back down below the range but if you've traded gold long enough, you know that it has a tendency to stay with...
Hi again, This setup is a follow up from the first trade I posted this morning (for me). Now that price has tapped into the M15 buyside target as well as the imbalance, I'm now anticipating a sell opportunity from above this high in-line with the HTF pre-dominant trend. My entry is positioned at a STH on the LTF which is within the H1 -OB. I'm placing this...
XAUUSD - 24h expiry Buying continued from the 78.6% pullback level of 2398.5. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to buy on dips. Price action resulted in a new all-time high at 2450. 20 4hour EMA is at 2406.5. Our profit targets will be 2446.1 and...
Good Morning London, The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week. Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York. I'm anticipating a bearish continuation this morning based on the following: 30mins BMS with price...
Good Morning Traders, Yesterday's price action confirmed a shift in intra-day trend direction from bullish to bearish. This is evidenced by the H1 Break of structure that took place. A new trading range has now been created on the H1 which would provide opportunities plenty of opportunities for us to take advantage of Asia Session This morning, I'm...
NZDUSD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 0.6125 will confirm the bullish momentum. The measured move...
USDJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. The hourly chart technicals suggests further upside before the downtrend returns. Risk/Reward would be poor to call a sell from current...