kenny_ponde

kenny_ponde

Good morning, this Pairs is simply bullish just because on a daily there a flag pattern identify and an ascendant channel, meanwhile on the ascendant channel on the daily can also be seen on the H4 involving another flag pattern inside which confirm a long term upper trend.

kenny_ponde

The range area of 94.714- 93.997 is a nice area of R/S ( Resistance/Support ). The plan was for the price to pass that area and retest before the jump aiming the 97.665 which is an institutional Zone. That range level is a valid level simply because it was tested 3 times since 2017 on a weekly timeframe. the weekly candlestick has closed quite bullish now, I'm...

kenny_ponde

Today the focus is on the 5 minute for entries, 3 level were spotted on a naked chart to get a proper idea of future entries and stop loss

kenny_ponde

What are the odds for this pair? seems like the tp is fair on this timeframe so let's see how it might play out

kenny_ponde

ALRIGHT, no much to say about it it shows the same correlation with EURUSD AND GBPUSD last week and the previous week all affected by the Dxy movement, the bias stay bearish.

kenny_ponde

buying now seems close to utopic, but we have to be ready for anything like as said with EURUSD if it breaks the previous daily resistance and stay above well, we going long.

kenny_ponde

everything can happen with this pair GBPUSD AND AUDUSD. My biggest bias stay in favour of bearish with a target of 1.16414 but i can i break the previous daily resistance and end up above well its a buy.

kenny_ponde

this pair gave me shit with that huge move upward but yeah this happen in forex no pain no gain, for this week the bias stay the say as initially which the sell

kenny_ponde

the price has broken and passed the level of 1.61693 which is the last support and resistance area. if next week the same level is retested and and continue the downtrend we can expect a downtrend confluence. if it doesn't there might be a high chance that it was a simple pull back to continue the up trend. watch.

kenny_ponde

we're cooking to get ready for the big drop out, it might go further down but due to the pip value of NAS this look descend for now

kenny_ponde

this is a simple set-up and everything should be clear from this pair. so let's Monday recover from NFP and sell off again for about 115 pips.

kenny_ponde

okay, I usually don't do big stop losses like this but with my experience, this pair has shown mad spikes in the past so better safe than sorry I am strongly in favour of a sell-off to 1.63505 Rsi in favour. sell after possible Monday retracement. exercise FOMO with this pair.

kenny_ponde

hopefully, if I am right, USD has really driven the market in a crazy way I mean if the continues with the Friday bullish momentum i.ll expect the price to reach the level of 0.94154.

kenny_ponde

After an NFP pushing the price to 92.846 before closing at 92.780 crossings two resistance level at 92.703 and 92.710 both H4. it has changed my bias on the DXY for now. Like every swing up there is always a swing down. if it happens I am expecting a retracement to the downside crossing back the past 2 resistance towards the level of 92.314 and if it bounces back...

kenny_ponde

regardless of the DXY, let's discuss this pair. what are the odds, I mean there are only 2 drives and the last one is not quite complete. but this could also make sense, isn't it ?

kenny_ponde

EY, I believe in this trade. The entry might not be perfect but the direction stays definitely this way target 500 pips

kenny_ponde

I'D LIKE TO BELIEVE THIS IS POSSIBLE. but I can't really read the DXY for now well it is a bit blurry innit?

kenny_ponde

this is a risky one but what is forex without risks? alright the perfect target for me is 1.90000. Let's see