racyrace

racyrace Jan 30

US 30 1/30/25 Bullish activity diminished as seen from the three last candles. In addition, the market is currently at a resistance as seen (R1 and R2). However, understand that this is a retracement trade as the main trend is currently bullish. Please your thoughts. Thank you.

racyrace Jan 9

1/09/2025 WTI is currently making LHs as seen from 0-2. At point 2, support becomes resistance to the left. In addition, the 50 EMA has crossed the 22 EMA all further confirming a bullish activity. If structure 2 is not broken to the downside side, then OP1 holds, however, if structure 2 is broken, then look for OP2. What are your thoughts?

racyrace Jan 8

AUDNZD Weekly Monthly confirms uptrend. Weekly shows market is currently in an uptrend as seen from structure 1 -4. At structure 4, we get support turned resistance to the left. If structure 4 is broken to the downside, the trade is nullified otherwise, I’m looking to go long. What are your thoughts?

racyrace Dec 25, 2024

GBPCAD 12/24/2024 This trade is for those looking to invest in a currency. This is a long-term trade (investment). This pair entered consolidation or has been in accumulation since 2016 (PS) . It created a Spring (SP) sometime in 2022 and finally the l ast point of support (LPS) in 2024 . It has taken approximately nine years of accumulation to reach LPS....

racyrace Updated  Dec 24, 2024

AUDCHF 12/24/2024 Bears are currently in control as seen from the LH (0-2) . If structure 2 is maintained (not broken to the upside) and respects the support to the left i.e support becomes resistance, then Option 1 stands. However, if structure 2 is broken, we look for a reversal at point 1 for the Option 2 to hold. However, if structure 1 is broken (price...

racyrace Dec 24, 2024

GBPJPY 12/24/2024 Bulls are currently in control as seen from the LH (0-2). Bulls still in control after the retracement following the long move from 1 to 2. If structure 3 (support becomes resistance) is broken to the downside, this trade is nulled. However, strong bullish presence is shown with the large bullish rejection candle. Remember, the market is...

racyrace Dec 23, 2024

Point 2 was retracement from 1. Market is creating a structure at 3 and if this point is not broken to the downside, then I look to buy. For educational purposes only. Let me know your thoughts.

racyrace Dec 23, 2024

Market is creating downward structures and seen 1-3. At point 3, the market is creating a new structure with support for becoming resistant. If structure 3 is not broken to the upward side, I look forward to keeping this pair short. Let me know your thoughts. For educational purposes only. Let me know your thoughts.

racyrace Dec 9, 2024

View of NZDJPY Market has currently created a new structure and 2 with resistance becoming support. With this structure formed, I see that the bears are in control and so the market will keep selling. REMEMBER, patience and trusting the process is key. For educational purposes only.

racyrace Dec 9, 2024

6J1 is currently having it first rest from 0 to 1 with resistance becomes support. I see the bulls active in the days ahead. Let me know your thoughts.

racyrace Updated  Dec 5, 2024

With market making HL as seen from 1-2 and with market finding support at structure 2- resistance becomes support if you move to the left, I see price moving further. What are your thoughts?

racyrace Dec 5, 2024

I see that this chart doesn't need much explanation.

racyrace Dec 5, 2024

I see it's time to start shorting. Wait for close of daily candle.

racyrace Dec 5, 2024

Market making LH and HH as seen through 1-4. Market currently at a support (resting) at 4. The market might range here for a few days before continuing it bullish. Trading is risky so this is not a financial advice but educational material. Let me know your thoughts. Thank you.

racyrace Dec 3, 2024

The market is making HL with last level resistance turn support. I see bearish activity provided the market doesn't violet level 4. Let me know your thoughts on this market. Thank you.

racyrace Dec 2, 2024

Market is currently making HL. If structure 4 is not broken to 3, then consider bearishing the market. Let me know your thoughts. Thank you.

racyrace Updated  Dec 2, 2024

I trade what I see. I see the market has stretch it limits. The market is currently making LH and LL as seen from 1-3. There's a strong resistance at point 3 and moving to the left is support i.e support becomes resistance. With that said, I'm looking to short the market. Let me know your thoughts.

racyrace Dec 1, 2024

Market is making LH from 1-4 and with a resistance turning support at 4 thereby forming a new structure. If this structure is not broken to the downward side, I see the market moving bullish. If this trade is taken, it becomes void once the breaks through 4 to level 3. Trading carry risk and this is NOT an financial advice. Always invest or trade what you are...