TradeTheStructure

TradeTheStructure

Ripple rallied up and out of contraction as buyers dived into the action. The move up is getting extended which will eventually lead to some profit taking. Risk is below the recent low around 0.27200 as a move to this area will trigger a deeper correction so we would then be happy to be on the sidelines. If the action continues higher from here then happy days and...

TradeTheStructure

The USDJPY is set to rally if buyers start the squeeze on short sellers. A push up through 106.920 will drag in the buyers we need for the move as higher lows are holding.

TradeTheStructure

Ripple is at a point where bulls and bears are in agreement but which way will it move next? We expect to see Bitcoin come under further pressure so the Ripple bears may start to come out in force and run price lower to test support around 0.22400. Looking to sell off a shoulder for the run down. If we see the spike, happy to join in the action on the upside on...

TradeTheStructure

Bitcoin is under pressure as sellers hold lower levels and target 7370. Buyers will need to step up to the plate and hold a minor higher level to put the squeeze on recent sellers if they expect to see higher prices and a re-claim of the 9050 zone.

TradeTheStructure

Buyers managed to lift the Aussie higher into previous resistance at 0.6780 off the BidZone around 0.6690 but they are now running out of steam. For continuation higher, price needs to clear out a few late buyers so we are watching for a shoulder sell entry setup for the squeeze lower.

TradeTheStructure Updated 

The Reserve Bank of Australia has cut interest rates to record lows causing the Aussie to fall. Watch for a reaction higher off the BidZone around 0.6690.

TradeTheStructure Updated 

Gold played out perfectly as buyers stepped into the action to build the buy entry off the shoulder on the 30min timeframe. Price may need to clean out some late buyers on a deeper pullback before kicking off to new highs. (This time the picture is correct)

TradeTheStructure

What we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you...

TradeTheStructure

The GBPUSD has cleared out the 1.2335 zone and is now retesting the zone and primed for continuation higher. With US payrolls out tonight the action could heat up.

TradeTheStructure

Gold is holding up and building for another push higher. Watch for a shoulder buy entry and push higher as recent sellers get squeezed out of the action.

03:18

TradeTheStructure

We take a look at the AUDUSD, EURUSD, GBPUSD and USDJPY for trading opportunities after the USD comes under pressure from weaker than expected manufacturing data

01:12

TradeTheStructure

The AUDJPY is in a prime position to hold a higher low and push up to start the squeeze on recent sellers

00:33

TradeTheStructure

Bitcoin is heading south and extending the move lower down to support where we will be watching for a reaction back up and a squeeze of sellers

TradeTheStructure

The EURUSD made the move as expected down to the BidZone and put the squeeze on the buyers to pressure them out. Watching now how things play out.

TradeTheStructure Updated 

EURUSD short trade to keep the pressure on the buyers and squeeze price down to the BidZone. Trade alert down through 1.0980 which offers a high return profile versus the risk.

TradeTheStructure

Cryptocurrencies took a beating overnight with the selloff attributed to a break of 9000 and the launch of the Bakkt Platform (offering physically settled Bitcoin futures unlike CME which settle to cash). The 9000 support zone break had a lot to do with the spike lower as buyers stop levels were targeted. Watch now for either bulls to come under further pressure...