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Showing posts from April, 2024

AUDUSD MARKET ANALYSIS

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  Good afternoon traders, it's another new week in the financial markets and I hope you're all ready to take advantage of the various opportunities in the markets. Into the markets today I'm looking at AUDUSD where market opened this week with price at 0.64200 and rallied back to supply at 0.64540 which was the origin of the previous drop to 0.63700. Price rallied back to supply and the previous H4 high at 0.64540 and formed a rejection wick with candle closes below supply during Asian session followed by a drop lower. Took sell positions during late Asian session at 0.64300 with SL at 0.64550. Setup taken is a rally base drop, a reversal setup and my target is at 0.63400.

AUDUSD MARKET ANALYSIS

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  Hello traders, it's another day in the financial markets and I hope you've had a wonderful week. Into the markets today, I am looking at AUDUSD where price rallied to a major H1 & H4 supply zone at 0.64800 & 0.64542 which was a previously broken demand zone. Price formed lower lows on H4 at 0.64000 then retraced back to retest the zone as new supply before a continuation of the drop. Price rallied to 0.64542 and formed rejections with candle closes below supply followed by a drop. Took sell positions during NY session at 0.64408 with SL at 0.64608. Setup taken is a rally base drop, a reversal setup and my target is at 0.63700.  Price gained momentum into NY session dropping to o.64000 and gained more momentum during Asian session forming lower lows, taking out the previous H4 low at 0.64000. Price dropped 70 pips to 0.63600, hitting my TP then reversed and rallied to 0.64240. Target hit.  

USDCHF MARKET ANALYSIS UPDATE

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  Good morning traders, I hope you're all doing well and you're ready for the new trading week. Into the markets this week I am still watching out for USDCHF since last week as price still hasn't made the anticipated move. Market opened this week with price rallying higher as it failed to break the previous H4 low at 0.90000. Price rallied back to supply and missed my sell limit order at 0.90670 and reversed from 0.90650 leaving a rejection wick followed by a drop lower. Took sell positions during NY session at 0.90567 with SL at 0.90670. Setup taken is a rally base drop, a reversal setup and my target is at 0.89100. Price dropped 60 pips to the previous H1 & H4 low at 0.90000 and failed to break it and instead gained strong bullish momentum after the CPI news release. Price rallied deeper into supply and broke it forming new highs hence hitting my SL and taking out my positions. Price formed new highs at 0.91430 then retraced to retest the broken supply as new demand b...

USDCHF MARKET ANALYSIS

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  Ola Ola traders good afternoon, I hope you're all doing great this fine afternoon and you've been active in the markets this week as this is Non-farm Payrolls (NFP) week. Into the markets today, I'm looking at USDCHF where price rallied to a major H4 & daily supply zone at 0.91084 & 0.90700 which was the origin of the previous major drop. Price rallied into the supply zone at 0.90920 then formed a strong bearish engulfing on H4 with candle closes below supply. Price dropped to 0.90260 forming a lower low then retraced back to supply during Asian session into London session. Took sell positions during mid-London session at 0.90661 with SL at 0.90870. Setup taken is a rally base drop, a reversal setup and my target is at 0.89100.