According to the current trend on the H1 timeframe price is currently bearish and will continue to be so for the most part of this week owing to the fundamental news events that are scheduled to take place such as USD Core CPI (MoM) (Oct) and U.K. Consumer Price Index (CPI) YoY. The Consumer Price Index (CPI) measures the change in the price of goods and services...
BTC is likely to drop further heading towards the 12000 area to wipe out early investors, if the worst goes to the worst we may likely see a drop to 4000usd to 1btc based on my analysis and other fundamental factors
GBPUSD is currently trending upwards, am anticipating that the price will move up to fill the liquidity void and take out some buyers before moving downwards towards the OB near the demand zone. After this happens then the buyers would come into push price upwards to completely change the current downtrend.
Looking at the CMP, see seek for the price to go lower and fill the void that was left by the buyers after the previous fast move up, once this is filled, we will be looking for buying opportunities below the area of liquidity. A good rejection and repricing will see us moving higher. Lets see how much liquidity will be poured into the markets as we watch the...
NASDAQ closed off Friday at around 13418.8 price point after bouncing off previous support around the 13404.5 zone. This presents us with two opportunities for the coming week. The Buy Opportunity: If the price stays above the 13456.4 zone, I will place a market execution buy and ride it until the area around 13572.0, once liquidity is taken out around this...
Entry will be based on a retest of the previous low if no fundamental outlets come into play, we have some Jobless Claims, GDP and Pending Home Sales that may bring in some volatility into the markets depending on the outcomes.
Am looking for more short opportunities on Gold to the area around 1900. A break below CMP will see more short opportunities opening up while a break above will lead towards closing the FVG before going short.
Price is currently rejecting at an interesting level on the daily. An FVG has already been filled and anticipate more buyers to come in as we head towards elections week on Nov 3. Keep an eye on and be ready to pertake of this pie.
Trading off the 4H Demand zone am expecting the price to create a Rally base Rally kind of trade setup as Big orders come in around the labelled area be sure to enter buy orders once price reverses setting the first profit target and the second one according to the marked zone.
My view on this pair remains bullish as the price is now trading above a major quarter, I expect a few consolidations as price makes its way up to the next area of supply for the entire week. Let the markets be the judge as the price is king!
My bias for the week on the particular pair is bullish based on the undershoot that is currently happening around this area, I expect more buys as price breaks above the level indicated by the white line on the chart.
FX:USDCAD is currently trading around a significant area between 1.36300 and 1.36100 a break to the upside will see more buyers coming in forming a rally the area around 1.37208 resistance. A failure to break above these levels will induce more sellers dropping the price down to around 1.334800. My entires will be based on the formation of a price action...
NASDAQ 100 as we all know has been ranging for a while now. It's giving us a consolidation zone where we can implement our Strategy. From using Key Levels, I'm expecting the price to come back to retest the 10 650 Key Level. I have a Buy Trade planned at that point with Stop Loss @ 10 625 and Take Profit 1 @ 10 700 and Take Profit 2 @ 10 750. Trade will only be...
OANDA:USDJPY has been trading and rallying between to very important key levels around 107.517 and 107.072 on the H1 timeframe forming a nice rectangle chart pattern, am expecting the price to sell out before heading on the initial move up. If the opposite happens and we manage to break out below 106.83 we might see the price going lower heading towards the 104 area.
USDCHF currently in position for a Bull Run.
USDCHF is falling within the buyer's Zone, I am expecting the price to move higher from this point if it fails to break some key levels at the bottom.
GBPUSD is currently consolidating after a bull run, I expect the price to break out of this consolidation as buyers bring in more demand for the pair. Let's watch and see how the market reacts.
We are trending upwards on this pair, am expecting the price to push up in a reactive manner, hit our strong supply zone, and push down to the trendline with a confluence at 61.8 Fib retracement level would see us buying up to the upper zone. I would place my entry after a confluence of the 61.8 fibs, trendline rejection, and candlestick pattern formation. Let's...