Hello fellow risk-takers
EURAUD has been plunging in retracement, a bearish move which first posed as trend reversal. The retracement may conclude this week and see the pair forming new higher high again.
Trade approach:
—wait for price to touch or get close to the support trendline.
—watch for price action behavior on 4H (look for reversal candlesticks)
—do...
Hello fellow risk takers; I hope you are well and well-rested during the festive season and ready to continue and engage in the battlefield of becoming a better trader than yesterday.
This is my new post for 2022. AUDCHF.
I am short on this pair; I had my second entry today around the red-shaded area. My initial entry was last week and the trade is now...
Hello fellow risk-takers
Today's medium-term analysis is NASDAQ. As follows:
Prevailing Bias: Bearish
Current Price Action: Bullish retracement
Commentary: the instrument is overall bearish and further lower lows can be expected in the coming weeks. At present however, we seem to lack the bearish will to form those lower lows. In other words, we need ...
Hello fellow risk-takers
BitCoin's price action is poised to rise, possibly to re-test the highs again to collect the seller's liquidity needed to push the coin down for new lows
Trade well and take care.
Hello fellow risk-takers
This is AUDUSD.
Overall sentiment: Bearish
Current price action: Trendline re-test
Commentary: A better option would be to wait for the pair to approach and touch the trendline and wait for any confirmation to sell. A buy is possible but not recommended as entry level is ambiguous.
Trade well and take care.
Hello fellow risk-takers,
AUDNZD is weakening around the supply zone signaling the beginning of a much-needed retracement. The pair is, however, overall bullish in the medium-term.
Trade well and take care.
Hello fellow risk-takers
Timid, uninterested, directionless, jumpy, and erratic are words that describe price action around the month of December. Tight risk management principles should be applied to get by until the year 2022.
The pair is EURCAD and range-bound price action may be in play. However, overall, the pair is bullish for retracement that seems to be...
Hello fellow risk-takers.
After price breaks a lower low what usually follows is a deep retracement.
NZDUSD is heavily bearish but it looks a bullish retracement is somewhat required as a reaction to the recently broken lower low.
Buyers seem inclined to make the retracement happen.
Trade well and take care.
Hello fellow risk-takers,
USDZAR is ripening for an extended retracement down. The pair is having difficulties extending its rally due to exhausted momentum.
A retracement is expected to help bulls gather momentum needed to form new higher highs.
Trade well and take care.
Hello fellow risk-takers,
CHFJPY has been refusing to form new lows by forming bullish basing. The pair can be expected to make a rally before any significant bearish move, if any.
Trade well and take care
Hello-fellow risk-takers
Gold is forming a bullish base (4H) that may see the pair forming new local highs. Presently, Gold rings bullish but, in the longer-term, the bearish pressure is still on.
Trade well and take care.
Hello fellow-risk traders,
Gravity is having its toll on GBPNZD. The pair may fall past the previous low.
Trade well & Take care
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*The above analysis is for entertainment purposes only and may not be construed as investment advice.
Hello fellow risk-takers
USDCAD may fall decisively throughout the rest of December.
Trade well & take care
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*The above analysis is for entertainment purposes only and may not be construed as investment advice.
Hello fellow risk-takers.
As regards USDCHF:
1. The pair is very bullish and the rally thereof will be explosive and almost immediate, very probable.
2. The whole of December might see USDCHF soaring new highs.
3. Trade well and take care.
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*The above analysis is for entertainment purposes only and may not be construed as investment advice.
Hello fellow risk-takers.
As regards XAUUSD:
1. The pair is bullish overall but presently bearish.
2. Shorts will make more sense at the moment than longs.
3. The pair may ring bullish probably beginning January. But for now, the bears are in charge.
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*The above analysis is for entertainment purposes only and may not be construed as...
Hello fellow risk-takers
As regards GBPUSD:
1. The pair is very much bearish at the moment. Even a sell at the current price is safe with stop loss at least 35 pips.
2. A minimum of +1800 pips is probable from the current price.
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*The above analysis is for entertainment purposes only and may not be construed as investment advice.
