GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY UP SIDE WAVE went very well. The reason for that was, FUNDAMENTALLY JPY WRAK, GBP STRONG. And because the MARKET SENTIMENT is STRONG. XXXJPY has been BUYing very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK OFF BIAS. So GJ can still be BUY.
- Currently, GBPJPY LONG TERM can move up to the LEVEL of 186.85. Also, if GBPJPY STRUCTURE BRAKE, it can move up to 149.09 LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT.
Structure
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, EUR is becoming quite strong. The reason is that ECB RATE HIKE SENTIMENT is PRICE. Also, the NZD is getting weaker than the EUR right now. NZD is becoming WEAK because COMMODITIES are down due to MARKET RISK OFF..
Therefore, EURNZD can definitely go UP to the RESISTANCE AREA of this CHANNEL before going DOWN again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can SELL up to 1.6304 LEVEL. And before SELL, EURNZD can be BUY at 1.7845 LEVEL. So stay tuned for MARKET UPDATES.
EURAUD It will fall from resistance Welcome back! Let me know your thoughts in the comments!
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Potential sells for EURUSD early next weekEU has been bullish the last 3 days but shows signs of a potential reversal.
EU has provided a strong reaction from the daily decisional supply zone.
AMD has formed and we are starting to get a pullback for entries.
Appears like liquidity creation to induce price to come into supply and take out the 15m FVG before reversing.
In terms of HTF EOF, if the 4H low goes, then the 0.96681 low will be targeted next.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- According to the analysis we gave the previous day, the AUDUSD DOWN SIDE WAVE has been DOWN about 60++ PIPS. We hope you get it anyway. It is still moving DOWN SIDE as we have given.
- Currently the MARKET SENTIMENT for AUD is on the DOWN SIDE. There is currently a DOWNSIDE BIAS for AUDUSD due to RISK OFF. The main reason for that is because of MARKET RISK OFF, STOCKS and COMMODITIES MARKETS are currently going down a bit. It is heavily influenced by the Australian dollar.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go down to 0.6364 LEVEL. And after that, AUDUSD can be BUY to the 0.6766 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. For that, the MARKET STRUCTURE should be BREAKED..
GBPCAD I Structure Trade I Short from Resistance 200 PipsWelcome back! Let me know your thoughts in the comments!
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EURCAD Potential Long Breakout then Short from ResistanceWelcome back! Let me know your thoughts in the comments!
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AUDNZD Buy from Support +70 PipsWelcome back! Let me know your thoughts in the comments!
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GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go down till 1.0325 LEVEL.
And after that the market can go UP, GBPUSD can be BUY to the 1.1750 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
Weekend analysis for EURUSD, can we see a pullback now?EU is extremely bearish but could it be time for a pullback? No confirmation yet, but maybe we get one after the market opens.
I just finished my weekend analysis video and figured I would share my 4H chart.
After pushing down so low, there is no more liquidity to take? How about a pullback now? We are in daily/weekly demand so, it wouldn't surprise me if we see some sort of reaction from here.
If we get a pullback, then areas to watch reactions from are marked on the chart. But the reversal plays will be more interesting to go and take out the lows again.
To see all my thoughts on why we could see a pullback, check out my latest Youtube video.
Bullish/bear idea Market looks bearish at the moment monthly and weekly candle are red .
So I’m watching the daily for sells and possibly buys .
I will take a sell with 1% risk to gain 3% if price breaks below 18,719 and I will take buys if price breaks above 19,622 with 1% and to try to gain 3% I’m giving this setup 24hrs to try to play out. If nothing happens I will simply reanalyze .
BTC Possible bounce at fib level then C wave to 23kBTC can now touch the fib levels below and then bounce to the upside, if the fib levels don't hold, then price may again retest our support down at 19k-18k region, which would be a sign of weakness and the trend may continue to the downside, entering the 17k-16k area. Main targets are 15k-14k, but not excluding even further possible downside to around 10k region which has a slightly lower likelyhood.
Weekend analysis for EURUSD >> BullishJust finished my weekend analysis video and figured I would share my 4H chart.
Following the drive up on Friday, creating a near perfect accumulation schematic, I am very bullish on EU next week.
But only until Wednesday as FOMC could cause price to go either way following the int rate hike announcement.
First target is 4H imbalance & 4H supply. If supply breaks, then 2nd target is daily supply.
I have this idea, after seeing what happened with CPI, if the Fed sticks with the expected 75 bp, it could cause complete disappointment and DXY to continue to the downside. But its just a theory and we will have to wait and see to what extent the the Fed increases the int rates and how the market reacts to it.
SP500 INDEX PERSONAL ANALYSIS IN THE SHORT TERM (REVERSAL!)Overall evaluation of the SP500 is bearish within a 1-2Y time frame mini trend, but not on the grand picture. Greetings everyone, we dumped very hard this past few days but this is a sign of a potential reversal. The fact that the candle closed as a DRAGONFLY DOJI , this is a warning for all shorters to consider that the bulls are now entering the market. The proper way to trade this signal is to wait for confirmation on the next daily candle, but seeing as how
it is a text-book perfect dragonfly doji on any manual you can find, this is especially stronger in a daily time frame.
We will probably get rejected again on the moving averages after this mini-trend change. The catalyst for the mini dump we had today was a negative sentiment report from U.S. Michigan.
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TIP:
SP500 also had a reverse hammer on the hourly charts followed by a green candle -- also called as a bullish harami.
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PROBABLE SWING OF EURUSD INTO 1.0140 PRICE LEVELAnticipating a buy around current price level on the EURUSD.
Price may tap into the lower regions of 0.99400 price area before the push up into the highs.
I will be looking for confirmations of the buy through candle stick patterns and formations around the current region
and also will be paying attention to liquidity.
Trade cautiously! This is for educational purposes. Past performances doesn't guarantee future results!
AUDJPY It will go up from support Welcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy