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GBPUSD MARKET ANALYSIS

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Hello traders, another pair I'm looking at is GBPUSD as I mentioned in my previous post. Into the market, GBPUSD price dropped and broke a key H1 & H4 demand zone at 1.28533 & 1.28072 which is the origin of the previous rally to the H1 & H4 supply zone at 1.29887 & 1.29449. Price broke the key H1 & H4 demand zone and formed a lower low at 1.27600. Price retraced to retest the broken demand as new supply before a continuation of the drop. Took sell positions during London session at 1.27738 with SL at 1.28100. Setup taken is a drop base drop, a continuation setup and my target is at 1.26200, close to the H4 demand zone at 1.26004 & 1.25318. Price has been in constant consolidation below the zone since forming the lower low over Asian session into London session and still approaching NY session hence missing my 1st pending sell limit orders at 1.28100 and also putting my current positions in drawdown. However, I anticipate momentum during NY session for price ...

EURUSD MARKET ANALYSIS

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  Good afternoon everyone and Happy new month. It's an amazing start of the beautiful month of August after a busy ending of July which was flooded with fundamental news events and also profitable trade opportunities. Into the markets today, I'm looking at EURUSD and GBPUSD which I'll drop the analysis on the next post. EURUSD price dropped to a key H1 & H4 demand zone at 1.10390 & 1.09832 which was the origin of the previous rally to the H1 high at 1.11400. Price broke below the H1 & H4 demand zone and formed a lower low at 1.09540. Price retraced to retest the broken demand as new supply before a potential continuation of the drop lower. Price retraced to 1.10390 then dropped back to the H1 lower low at 1.09540. Price failed to break below and instead retraced back into the zone. Took sell positions during London session at 1.09907 with SL at 1.10230. Setup taken is a drop base drop, a continuation setup and my target is at 1.08500. Price retraced to retest su...

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...

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...