Baudoouin

Baudoouin

This analysis dates from the 3rd of May, this is in no way financial advice and should be taken into account in an objective way. Make your own opinion about it, don't take it for granted. - AUD/USD is trading around the 0.64000 area on the daily chart, it has been consolidating around that area since April 21st following a 7 consecutive bull rally. Where it...

Baudoouin Updated 

Monday may show significant volatility in markets following Trump investiture. Where the dollar will head to remains uncertain, number of FED cuts for 2025 remain uncertain but recent NFP reports and CPI showed strength in labor market and higher inflation, leaning towards a hawkish Fed for this start of the year. What matters for next week is Trump's...

Baudoouin Updated 

-GBP/CHF could be on the verse of reversing based on a 1H wedge, if we get a breakout above the trendline, we could go long for a scalp for a test of a 1.1200, reaction there would determine our next step. Wedge is valid with three waves. Wait for breakout to enter. B setup Peace

Baudoouin Updated 

-USD/JPY has been pulling back for the past 12H, it is currently trading below a Trading Range and could evolve into a bear flag. Bulls do not show significant buying. FX:USDJPY There is an extending triangle and an inside triangle forming, and could be sign of bears stepping in. Target is 155.00, might not get it today but trade may evolve over next week...

Baudoouin Updated 

- Wedge bottom could be playing out on the GBP/JPY on the 30 Min (also visible on 15 min): - Downtrend is weakening as seen on the 2h chart, bulls are able to make money as well as pullbacks are becoming more significant. There is a slight overextension of the 20EMA on the Daily timeframe and shows the downtrend is becoming slightly climatic. RSI is starting...

Baudoouin

As explained before before, USD/JPY drowned almost two percent this week, three scenarios can play out next: - Bearish scenario: Current 4H chart is evolving into a bear flag from previous TR, bears could get a second or third (depending on ur analysis) leg down towards 154.00 target: -Bullish scenario: Bulls could fight of the downtrend and reclaim 156.000...

Baudoouin Updated 

-> Following FX:USDJPY downfall, price almost fell two percent this week. -> Bottom wedge was identified, which side it will break down to is still to be determined. Either way, an upside breakout can justify a scalp on 5-15 min timeframe a after consecutive bull bars are seem. Looking at the other side of the coin, a downside breakout would lead to a third...

Baudoouin Updated 

-> AUD/USD brokeout, next target is 0.62400, valid 5 min scalp, bull breakout followed by tight bull channel. 20 EMA should act as support, exit if broken below on 5 min timeframe. -> This is C+ Setup, small loss or good scalp in the cards.

Baudoouin

- GBP/CHF is currently trading at the bottom of a trading range. It is currently completing a double bottom major trend reversal. ABC elliot reversal. - Tarfet is 1.1180 and above see reaction and get out in case of weakening bulls. - TR breakouts fail 80% of the time. This trade is high probability. B setup Peace

Baudoouin

Following US CPI coming out as expected, (showing a slight uptick in inflation for December) TVC:DXY pushed back to 108.6-108.4 area: -> A rising wedge was identified on AUD/USD with an exit on the upside following CPI release. -> Aussie is trading at a key area around 0.6260, whether it will be a retest of the top of the wedge or a reclaim of this resistance...