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GBPUSD MARKET ANALYSIS

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  Hello traders, I'm looking at GBPUSD where price dropped to a key H4 & daily demand zone at 1.22057 & 1.21428 which was a previously broken supply zone. Price dropped to retest the zone after forming a higher high at 1.23300. Price filled the minor H1 & H4 range from the H4 & daily demand zone to the H4 higher high at 1.23300 and back to demand. Price dropped to demand and formed rejection wicks with candle closes above demand followed by a constant bullish push away from demand confirming the shift in market structure to bullish. Took buy positions during London session at 1.22291 with SL at 1.22000. Setup taken is a rally base rally, a continuation setup and my target is at 1.23930, at the major daily supply zone at 1.24326 & 1.23927. Price gained strong bullish momentum during London session rallying by a constant push away from demand to the 1st H1 high confirming a shift in market structure to bullish. Price gained more bullish momentum rallying 100 pips ...

EURUSD MARKET ANALYSIS

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  Good morning traders, I hope you all had an amazing weekend and you're ready to tackle the new week in the markets. Into the markets today, I'm looking at EURUSD where market opened this week inside a key H4 & daily demand zone at 1.07823 & 1.07446 which is a previously broken supply zone. Price filled the 1st H1 & H4 range from the H4 & daily demand zone at 1.07823 & 1.07446 to the major daily supply zone at 1.10197 & 1.09326 and back to the key H4 & daily demand zone. Price dropped into the key H4 & daily demand and faked out a break of the zone on H1 but on H4 price formed a strong rejection wick with candle close inside demand confirming the validity of the zone. Took buy positions during London session at 1.07589 with SL at 1.07280. Setup taken is a drop base rally, a reversal setup and my target is at 1.09300, the major daily supply zone at 1.10197 & 1.09326. Price slightly consolidated at demand leaving strong rejection wicks to the ...

NASDAQ MARKET ANALYSIS

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Hello traders, I hope you're doing well this wonderful Friday. It's been quite an eventful week in the markets with lots of fundamentals from various Central banks like the FED, Bank of England and also Swiss National Bank all on monetary policy basis bringing a lot of volume into the markets. Into the markets today I've been looking at NASDAQ where price rallied to a major H4 & daily supply zone at 12862.18 & 12740.04 which is the origin of the previous major drop to the H4 demand zone at 11925.89 & 11771.25. Price filled the major H4 range from the major H4 & daily supply zone at 12862.18 & 12740.04 to the H4 demand zone at 11925.89 & 11771.25 and back to the major H4 & daily supply zone. Price rallied into the major H4 & daily supply zone and formed a strong rejection wick on H1 & H4 with candle close inside supply followed by a strong drop in one large H1 bearish engulfing candle to the 1st H1 low at 12560.68. Price then retraced back...

XAUUSD MARKET ANALYSIS

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Good morning traders, it's another beautiful day with new opportunities in the markets. Into the charts today I'm looking at XAUUSD where price rallied to the major daily supply zone at 2047.10 & 1996.69 which is the origin of the previous drop to the H4 & daily demand zone at 1813.84 & 1808.19. Price filled the major daily range from the major daily supply zone to the H4 & daily demand zone and back to the major daily supply zone. Price rallied into supply and formed a strong rejection wick on H4 with candle close below supply followed by a strong H4 bearish engulfing candle showing a potential bearish reversal. Price slightly retraced to 1984.70 before a continuation of the drop. Took sell positions during London session at 1981.88 with SL at 1990.35. Setup taken is a drop base drop, a continuation setup. Price dropped in one large H1 bearish engulfing candle during London session confirming the bearish sentiment. Price dropped to the 1st H1 low at 1970.35 and...

EURAUD MARKET ANALYSIS

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Good morning traders, I hope you all had a wonderful weekend and you're ready to tackle the markets this new trading week. Into the markets today, I'm looking at EURAUD where price rallied to a key H1 & H4 bearish BOS at 1.60117 & 1.59622 which is the origin of the previous drop to the H4 low at 1.58540 from the major H4 & daily supply zone at 1.61585 & 1.60750. Price has filled the minor H1 range from the H1 & H4 bearish BOS to the H4 low at 1.58540 and back to the H1 & H4 BOS. Price rallied into the BOS and formed a rejection wick with candle close inside supply followed by a strong H1 bearish engulfing candle confirming the bearish sentiment. Took sell positions during London session at 1.59660 with SL at 1.60000. Setup taken is a rally base drop, a reversal setup and my target is at the next H4  demand zone at 1.57256 & 1.56609. Price dropped in one large H1 bearish engulfing candle to the 1st H1 low at 1.59500 then failed to break it and instead...

USDZAR MARKET ANALYSIS

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  Good morning traders, it's another beautiful day with showers of blessings from the heavens as the rains finally have kicked in after quite a long time and also the blessing of more profitable opportunities in the markets. Into the markets today, USDZAR dropped from a major H1, H4 & daily chart supply zone at 18.62253 & 18.46107 which is the origin of the previous drop to the H4 low at 18.08462. Price dropped to the H4 low then retraced and rallied back to retest supply again before a continuation of the drop. Price filled the H4 range from the major H4 & daily chart supply zone to the H4 low at 18.08462 and back to the major daily chart supply zone. Price tapped supply and activated my pending sell limit orders at 18.46200 with SL at 18.55000. Setup taken is a rally base drop, a reversal setup. Price formed a strong rejection wick on H1 & H4 with candle close below supply followed by a slight consolidation then a strong H1 bearish candle during London session con...

USDCAD MARKET ANALYSIS

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  Good evening traders, I hope you're all doing well and are ready to tackle the new week in the markets. Into the charts this week, I'm looking at USDCAD where market opened this week at the major daily chart supply zone at 1.38823 & 1.38286 which is the origin of the previous drop to the major daily demand zone at 1.33053 & 1.32509. Price gapped down after market open confirming a strong bearish reversal and dropped 113 pips to 1.37165, taking out the 1st H1 & H4 low at 1.37500 by a strong H1 bearish candle confirming a shift in market structure to bearish. Price retraced to retest the broken H1 & H4 low that formed a BOS at 1.37450 & 1.37750 before a potential continuation of the drop. Took sell positions during London session at 1.38487 with SL at 1.37750. Setup taken is a drop base drop, a continuation setup and my target is at the next H1 & H4 demand zone at 1.35248 & 1.34920.  Price rallied back to 1.37900 during London session taking out my ...