Hello Fam, As you might have noticed, I have been monitoring this pair for almost two weeks for this short. I think the weekly timeframe is ready for a retracement. After so much bullish move the market needs to take a breather but when is what shouldn't be predicted but reacted to. Talk to me.. what do you think. BR. David
Hello fam, Check this long term analysis on AUDNZD. Do you think this move will go exactly as planned. Okay let's not say exactly but do you think price will behave somewhat like this? Let me know in the comments what you think. BR David
Hey Fam, This is one pair I like trading but most times I price misses my limit order by just 1/2 pips. Anyways, here you go. It has approached a significant area and it is likely to retrace to get more liquidity to go further. I have marked 2 zones for it to bounce from but if price continues without retracing and heads directly to the target, be ready for a...
Hello fam, The pair has the momentum to get to 132 but we COULD have a breather as it approaches 130, retrace to 127, then head to 132. That's all for now folks. I'm not sure I will be going long at 127 but I do hope it heads straight to 132 so I can take a massive short as the retracement will be deep. Let me know in the comments what you think. BR David
Hello Fam, I'm here again with an update on this pair. I was thinking that this short move will happen earlier but guess what, the market makers showed that they are not ready. Hope you guy didn't short just yet as the market is not even ready based on structure. Anyways, in the chart you can see my outlook of this pair. if the market breaks that zone, I will be...
Hey friends, This is an update on my previous analysis of the dollar. As we have, the dollar did not retrace as I had shown in my previous post on it. However, we were not looking to sell.. so we good. But now I am bearish on the dollar. Once I see a shift in market structure, I am trading against the dollars potential weakness. As you may know I don't trade the...
Hello tradingviewers, If you have seen my previous post by chance, you may think I would be bullish on this pair. But NOPE. Why? this pair has gotten to the extreme and I can't say what might happen. But one thing I know is that, it is time for it to retrace. When? I can't tell. This pair doesn't move like other majors. This animal answers to a different...
Hello Traders, If you follow me or have seen any of my previous updates, you will know that I was bullish on this pair but as we have it, the market did not and has not reacted the way I thought. If this market turns bullish by way of structure or CHOCH, I am going SHORT. Note: If this bearish move happens, it will take out all the induced sells/shorts. If you...
Hello Traders, I love this particular pair because of how big the move is.... WATCH OUT If you follow me or have seen any of my previous updates, you will know that I was bullish on this pair but as we have it, the market did not and has not reacted the way I thought. If this market turns bullish by way of structure or CHOCH, I am going SHORT. Note: If this...
Hello Traders, If you follow me or have seen any of my previous updates, you will know that I was bearish on this pair but as we have it, the market did not and has not reacted the way I thought. If this market turns bullish by way of structure or CHOCH, I am going LONG. Note: If this bullish move happens, it will take out all the induced sells/shorts (see...
Hey Fellas, This pair has approached a strong demand but you will notice from where I placed my limit order that it is quite extreme. I did this because of how this pair behaves. It loves to hunt stops.. same as EURUSD. Regards. David
Hello Traders, If you follow me or have seen any of my previous updates, you will know that I was bearish on this pair but as we have it, the market did not and has not reacted the way I thought. If this market turns bullish by way of structure or CHOCH, I am going LONG. Note: If this bullish move happens, it will take out all the induced sells/shorts. If you...
Hey Fellas, If you follow me or have seen any of my previous updates, you will know that I was bearish on this pair but as we have it, the market did not and has not reacted the way I thought. If this market turns bullish by way of structure or CHOCH, I am going LONG. If you follow me, you will also notice I make use of the dollar index. As we have it, it has...
Hey Fam, I can't see the future, but if trading is repetition... then you best WATCH OUT. We have approached a tricky zone where market makers show themselves. Until I see a good retracement of this pair, I am not going bullish yet. At least to the first zone I marked on my chart. Anyways! let me know in the comments if you are extremely bullish on USDJPY. Cheers.
Hello Guy, Funny title... yea? Anyways, I have broken down the possible moves for next week. For me, I favour move 1... why? you ask... Move 1 gives more room to drawn in more by orders before opening the floodgates for the bears to sell. Move 2 is very much possible and that could be a smart place as it will trap buyers and sellers. Hmmmm... scary!! As for move...
Hello traders, Although I'm bullish on the dollar which invariably makes me bearish on AUDUSD, there's one good reason I am short on this pair for next week. Look at the weekly timeframe and find out. The weekly timeframe decides how I trade and AUDUSD has a beautiful weekly timeframe. Enjoy.
Hello fam, Wondering why I said so, well check this out. I use the dollar index to get my direction/strength of the dollar. Then use it to determine how I trade the major currencies. Even though the dollar's bullish phase is ending, I still did my analysis on this pair and saw the same thing. Now it is a known fact that the dollar index and eurusd are...
Hey Guys, Just like my previous post, I'm bullish on the dollar and so i'm bullish on USDCAD. Though this is not interesting to me because of where my stoploss is placed. Anyways, I've got other pairs that correlate so... I'm good! Like I mentioned in my analysis of the dollar index, the dollar is approaching its exhaustion phase and this might be the last...