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Showing posts from June, 2023

EURUSD MARKET ANALYSIS

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  Hello traders, I hope you're doing well and you're looking out for potential profitable opportunities in the markets. Into the charts I'm looking at EURUSD where market has been very bullish with price rallying and breaking supply zones on its way up. Price broke a key H1 & H4 supply zone at 1.09115 & 1.08852 and formed a higher high at 1.09640. Price retraced to retest the broken supply as new demand before a continuation of the rally. Price dropped to retest demand at 1.09115 with candle closes above demand on H1. Price slightly consolidated at the zone during Asian session into London session. Price then formed a strong H1 bullish engulfing candle confirming the bullish sentiment. Took buy positions during London session at 1.09200 with SL at 1.08980. Setup taken is a rally base rally, a continuation setup and my target is at the next key H1 & H4 supply zone at 1.10547 & 1.10841.

USDCHF MARKET ANALYSIS

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  Good morning traders, its another amazing week after a long weekend that was followed by Juneteenth a US holiday yesterday hence causing very slow volume on all USD pairs. Today the volume in the markets is finally back and there's some very profitable opportunities presenting themselves. Into the markets today I'm looking at 2 pairs which are USDCHF and EURUSD of which I'll drop my EURUSD analysis on my next post. Into USDCHF, market has been very bearish with price dropping and breaking demand zones on its way down. Price broke a key H1 & H4 demand zone at 0.90051 & 0.89763 and formed a lower low at 0.89050. Price then retraced to retest the broken demand as a new supply zone before a continuation of the drop lower. Price consolidated below the zone during Asian session into London session followed by a strong bullish push into the zone. Took sell positions during London session at 0.89772 with SL at 0.90080. Setup taken is a drop base drop, a continuation setup...

XAUUSD MARKET ANALYSIS

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Good evening traders, its another wonderful Thursday NY session presenting some good potential profitable opportunities in the markets and I hope you're all ready. Into the markets today I'm looking into XAUUSD where price dropped inside the major H4 & daily demand zone at 1954.80 & 1939.34 filling the 1st H1 range from 1939.34 to yesterday's H1 high at 1970.00 and back into demand at 1939.34. Price formed candle closes inside demand followed by a rally in 3 H1 bullish candles to 1946.16 showing a potential bullish reversal as price didn't break demand to invalidate the possibility of a bullish reversal. Price dropped deeper into demand and formed a strong rejection wick to the downside giving an opportunity to retake the buys. Took buy positions during London session at 1945.08 with SL at 1940.00. Setup taken is a drop base rally, a reversal setup and my target is at the 1st H1 high at 1970.00. Price formed a rejection wick followed by 2 H1 bullish candles to 1...

GBPCHF MARKET ANALYSIS

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  Good morning traders, its another new week into the markets being the first week of the new month of June. I hope you're all ready to take advantage of the opportunities in the markets. Into the markets today, I'm looking at GBPCHF where price dropped from a major H4 & daily supply zone at 1.13968 & 1.13502 which is the origin of the previous drop to the major H4 demand zone at 1.10785 & 1.10411. Price filled the major H4 & daily range from the major H4 & daily supply zone to the major H4 demand zone and back to the major H4 & daily supply zone. Price dropped 50 pips to 1.13295 then retraced to retest supply after which price dropped again 50 pips to 1.13120 and closed the week. Market opened this week with a gap to the downside then price consolidated close to the 1st H1 low at 1.13000. Price retraced to retest the broken H1 low at 1.13320 before a continuation of the drop. Took sell positions during pre-London session at 1.13106 with SL at 1.13400. S...