After last week’s monstrous bull move on the EUR/USD, I had short positions at 1.0740 and 1.0795 which I ended up closing because I wanted to wait and see how much momentum this thing had. I got back in short at an average price of 1.0827 with a modest target at 1.0600. Although it looks like bullish momentum is stalling, I remain cautious. Resistance at the...
In this week's pre market analysis video, I go over the completed EUR/USD trade and what I'm looking for moving forward. The EUR/USD had an explosive bullish move last week however, there could be indications of momentum slow down. Currently holding short at 1.0815 and would like to see us stay below 1.0900 - 1.9500 max for a pullback towards 1.06000. The long...
Mid week update on the EUR/USD trade: The target has been hit out of the descending broadening pattern and a 343 pip gain at 1.06220 has been locked in. The EUR/USD made a very strong bullish move today which enabled an exit in the trade however, I am now keeping a very close eye on the possible bearish opportunity coming up if price begins trading around...
In this market preview, I go over the EUR/USD, GBP/USD & USD/JPY with the primary focus on the EUR/USD. Will it recover or give out and test lower lows... Also, ETF's that I am watching and keeping an eye on a potential bearish tone for the stock market. I also share a small update on Crypto trade MATIC. As always, good luck and trade safe.
This video is a weekly preview into what I am looking at for the EUR/USD, GBP/JPY and USD/JPY as well as ETF's.
I don't really trade Crypto's however this one stood out to me as a potential opportunity on the weekly time scale. MATIC has been trending down since late 2021 but it has always shown a bounce around the $0.30 zone, ultimately creating a very large descending triangle coupled with a MACD that has been diverging up. Could we see a rally ahead towards $1.00+?...
Have held long on SOXL for about 5.5 weeks now with an average price of $30. I identified a wedge alongside "hidden" divergence on the MACD on a weekly time scale but it's still been pretty much in the same zone/area of consolidation. When the DeepSeek news broke out, I was for sure ready to cut ties with this one since the Nasdaq was in a complete bloodbath but...
The EUR/USD has rebounded nicely from two weeks prior when we gapped down pretty significantly after tariffs were announced. The original observation was bullish after identifying a bullish pattern (Descending Megaphone) alongside MACD divergence. We're stalling at the moment around 1.0500 and I don't expect any further movement throughout the day considering...
After the Trump tariffs gap last week, the EUR/USD and GBP/USD experienced a significant gap down but recovered nicely. GBP/USD positions were closed at a small profit to protect overall risk but still holding long positions on the EUR/USD and continue to look for 1.0600 as long as price does not exceed 1.0200. Expecting some volatility this upcoming week...
Like last week's video analysis, I'm currently holding long positions on the EUR/USD and GBP/USD. I'm expecting strong movements in the coming week due to FOMC and Interest Rate Policy. The ETF SOXL, has been running well although Friday dumped pretty hard but long positions remain solid. I'll remain diligent in observing the price action this week and hopefully...
In this video I share my bullish ideas on two currency pairs (EUR/USD & GBP/USD) along with ETF (SOXL) and reasons for looking at the bullish side. The markets look a bit flat at the moment however I'm keeping an eye on how we close this week and make preparations going into next week which could spark some volatility as Donald Trump takes office. Good Luck. Trade Safe.
In this short video, I dive into the potential EUR/USD breakout directions and why a massive move may be upon us.
I've been closely observing the EUR/USD price action on both the daily and weekly charts, and it looks like a major move is imminent. Price is getting squeezed within that diamond pattern, and the best strategy right now is to stay flat and keep observing. Once I can identify the direction, I'll be on the lookout for divergence at key support and resistance...
In this video I go over the EUR/USD on the daily and weekly timeframe and where I think we may be headed next... Current short positions are: 1.09356 1.09062 1.08628 1.08625 1.07253 1.07045 1.07036 Looking to TP at 1.0580ish.
Pre-Market Analysis for Sunday March 3rd, 2024 I take a short term and long term view on the EUR/USD, GBP/USD and AUD/USD
Pre Market EUR/USD analysis for Sunday February 25th. After the EUR/USD run up last week, I'm looking to see if we find resistance around the trend-line area for a potential down move towards 1.06000. If buyers come in, I'd ideally like to see the EUR/USD trading back above the yearly pivot level (1.0900). Trade safe and manage risk.
We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700) As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern. If the daily candle closes with a...
In this video I go over Pre FOMC price action on the EUR/USD, GBP/USD and AUD/USD. Be mindful of Fed price action and also NFP on Friday. Trade safe and manage risk.