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Showing posts from July, 2023

EURUSD MARKET ANALYSIS

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  Hello traders, it's another day to reap some gains from the opportunities presenting themselves in the markets so everyone buckle up. Into the markets today, I'm looking at EURUSD where price dropped into a major H4 & daily demand zone at 1.10564 & 1.09832 which is the origin of the previous major rally to the key H1 & H4 supply zone at 1.12548 & 1.12094. Price has filled the H1, H4 & daily range from the major daily demand zone to the key H1 & H4 supply zone and back to the major daily demand zone. Price dropped into demand and formed rejection wicks on H1 with candle close inside demand followed by a slight rally by a constant push away from demand. Took buy positions during London session at 1.10562 with SL at 1.10240. Setup taken is a drop base rally, a reversal setup and my target is at 1.12100 at the key H1 & H4 supply. Price gained momentum during London session into NY session rallying 30 pips to the 1st H1 high at 1.10820. Price failed to ...

XAUUSD MARKET ANALYSIS

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Good afternoon traders, it's another new week meaning a new start of opportunities in the financial markets and I hope you're all ready to take advantage and make some profits. Into the markets today, I'm looking at XAUUSD where price dropped from a major H1 & H4 supply zone at 1980.03 & 1966.29 which is the origin of the previous major drop to the H4 demand zone at 1938.96 & 1929.79. Price dropped to 1958.00 with candle closes below supply followed by a rally to retest supply before a continuation of the drop. Took sell positions during NY session at 1966.30 with SL at 1972.00. Setup taken is a drop base drop, a continuation setup and my target is at the 1st H1 low at 1948.00. Price dropped 70 pips to the 1st H1 minor low at 1959.30 in one strong H1 bearish engulfing candle confirming the bearish sentiment. Price gained stronger bearish momentum during late NY session taking out the minor H1 low and forming a lower low at 1954.58 confirming a shift in market st...

EURUSD MARKET ANALYSIS

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  Good morning traders, I hope you're all doing well. It's a bright Thursday morning as I'm still holding my EURCAD shorts positions which is currently 150 pips deep in profit from the analysis I dropped on my previous post. Into the markets today I'm looking at EURUSD where price formed a supply zone on H1 & H4 at 1.12548 & 1.12094 after rallying strongly and creating new highs at 1.12600. Price has been in consolidation at this level since Monday and finally formed a lower low at 1.11800 yesterday during NY session. Price rallied into supply and formed strong rejection wicks on H4 with candle closes inside supply followed by a drop to 1.11800 with candle closes below supply. Took sell positions via sell limit orders at 1.12100 with SL at 1.12400. Setup taken is a rally base drop, a reversal setup and my target is at 1.10700, at the previous broken supply zone at 1.10670 & 1.09823. Price first rallied to 1.12300 putting my positions in drawdown before the a...

XAUUSD MARKET ANALYSIS

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  Good afternoon traders, it's another bright Wednesday filled with opportunities in the financial markets and it is our obligation as traders to take advantage of that as it is our daily bread. Into the markets today, I'm looking at XAUUSD where price rallied into a major H1 & H4 supply zone at 1980.03 & 1965.98 which is the origin of the previous major drop to the H1 & H4 demand zone at 1938.63 & 1929.46 and the major H4 & daily demand zone at 1902.64 & 1896.28. Price has filled the major H4 & daily range from the major H1 & H4 supply zone to the H1/H4 demand and the major H4 & daily demand zone and back to the major H1 & H4 supply zone. Price rallied into supply and formed a strong rejection wick on H4 with candle close inside supply followed by a H4 bearish engulfing candle showing a potential bearish reversal. Took sell positions during London session at 1978.23 with SL at 1985.60. Setup taken is a rally base drop, a reversal setup a...

EURCAD MARKET ANALYSIS

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  Good afternoon traders I hope you're all doing well and you're ready to take advantage of the opportunities in the markets. Into the markets today, I'm looking at EURCAD where price has rallied into a key H1 & H4 supply zone at 1.48863 & 1.18484 which is the origin of the previous major drop to the key H4 & daily demand zone at 1.45115 & 1.44638. Price filled the major H4 & daily range from the key H1 & H4 supply zone to the key H4 & daily demand zone and back to the key H1 & H4 supply zone. Price rallied into supply and formed a strong rejection wick inside supply followed by a H1 bearish engulfing candle with 2 candle closes below supply on H1 but on H4 price left a strong rejection wick. Took sell positions during London session at 1.48464 with SL at 1.48850. Setup taken is a rally base drop, a reversal setup and my target is at the next H4 demand zone at 1.46546 & 1.46146 at 1.46600. Price rallied deeper into supply hence putting my...

NZDUSD MARKET ANALYSIS

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Good morning traders, its another week in the month of July (after my birthday week) that's filled with opportunities in the financial markets and I hope you're all ready to tackle them. Into the markets today, I'm looking at NZDUSD where price rallied into a key H1 & H4 supply zone at 0.62394 & 0.61897 which is the origin of the previous drop to the H4 demand zone at 0.60350 & 0.59897. Price filled the H1 & H4 range from the key H1 & H4 supply zone to the H4 demand zone and back to the key H1 & H4 supply zone. Price dropped 45 pips to 0.61730 with candle closes below supply on H1 & H4. Price retraced to retest supply before a continuation of the drop lower. Price failed to break below 0.61700 and instead rallied strongly back into supply. Price rallied deeper into the H1 & H4 supply zone and failed to break the H1 & H4 high inside supply at 0.62200. Price formed a H4 hammer followed by a H4 bearish engulfing candle. Took sell positions d...