Hello folks, This pair has been under my radar for quite some time. Although I missed the first impulse, there is still another opportunity to enter again. The weekly timeframe needs to complete its impulse and so the daily will need to retrace to get liquidity for the next impulse leg. Of all the pairs I want to trade next week, this one tops the list. Enjoy.
Hello Traders, Dollar is still strong but this might be the last bullish leg before a midterm short. I will be bullish on the dollar for next week. Cheers!
Sugar has no place to go but up. Look at my golden lines, replicate them on your chart and go to the monthly timeframe. Look left and see the beauty of multi timeframe analysis. Anyways, we don't control the market but I remain bullish till the market says otherwise. What's your own view on sugar???
Silver should end April very bullish but right now the daily suggests a retracement which gives a shorting opportunity we can capitalise on. If this does't work out and it turns bullish, we have a good swing to 27.8 What do you think?
Hello Fam, Checkout this high risk short. The monthly and weekly are in alignment but based on my approach it is not ready for a short yet (if ever). But I just thought I share this for people who might love taking high risk entries. Enjoy!
Hello Fam, The market has been rough for me this week but check this out. One thing I know about this pair, its that its filled with bubby traps. ALOT OF IT. So it is usually advisable to put your entry at extremes once you have done your analysis. Mine is where it is but I have put a line under my stoploss which could be the actual entry but you never know it...
Hello Fam! This is one for the road... The dollar is at an exhaustion phase. Enjoy!
Hey Fam! Check this dual trade idea... What do you think... Insightful? Hit me up if you want to know my thought process. Cheers!
Hey Guys! Check this out... Bullish on Sugar. What do you think. Cheers!
Though I expect this month to end up bullish, I foresee the start of the month bearish. We are likely to have this week as bearish then an accumulation stage for the bullish move. Have a fruitful week guys. Cheers!
This pair has always been tricky for me but anyways, here you have it. the position of the pair and the closing of last week's candle suggest bullish but the monthly has enough bearish momentum to send this pair downwards. Cheers!
Most people will see this as a short opportunity and truly they might not be wrong. However, based on my analysis, there is a long swing trading opportunity on this pair. Now, do I have a crystal ball... Nope! but this is simple technical analysis. Enjoy!
If you have seen my previous post on US Dollar Index, you will know why I am going long. I use the index to decide what I trade on all USD pairs except USDJPY. However, both the Monthly and Weekly are at support levels. While the Daily timeframe has shifted to bullish structure. Guess what, the 4H is ready for your buy limit orders. Enjoy!!!
From my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short. This is for SWING traders but for shorter term traders, you can adapt this to your strategy. For next week, I will be looking for long opportunities in...
This pair is quite tricky but we are gonna take the risk as it has met our criteria for entry. Monthly shows the pair is at a strong support while the weekly shows a inverted H&S. Daily has broken structure to the upside. Now we set our order on the 4H for our entry. Cheers!
We have a monthly and weekly resistance. The daily has broken structure. Now we set our sell limit and wait for the market. Cheers!
Though it might look like its at a bearish region but you know the rules. what is in motion, stays in motion . Go check out the monthly timeframe and see that it just bounced of the monthly support. Cheers!