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NASDAQ (NAS100) MARKET ANALYSIS

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  Hey traders, I hope you're all doing well this fine Thursday. Into the markets today I'm looking at NASDAQ where price rallied to a key H1 & H4 supply zone at 11672.94 & 11482.55 which is the origin of the previous drop to the major daily demand at 10694.34 & 10497.42. Price has filled the H1 & H4 range from supply to demand and back to supply. Price rallied into supply, formed a rejection wick on H1 & H4 and candle close inside supply followed by a bearish push away from supply to 11405.40. Took sell entries during NY session yesterday at 11588.10 with SL at 11719.56. Setup taken is a rally base drop, a reversal setup and my target is at the previous H4 low at 10900. Price spiked back deep into supply then formed a strong rejection wick on H1 & H4 followed by candle close inside supply showing my setup is still valid. Price gained momentum today during London session with a bearish push to 11354.10, a 240 pips drop and still showing more bearish poten...

GBPUSD (CABLE) MARKET ANALYSIS

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  Good morning traders, as we get into the new week I hope you're all ready to tackle it and get new opportunities in the financial markets. Into the charts, I'm looking at GBPUSD where price rallied to a key H1 & H4 supply zone at 1.14680 & 1.13831 which is the origin of the major drop to the H4 & daily demand zone at 1.05338 & 1.03980 and also the previous drop to the H4 low at 1.09508. Price filled the major range from supply to demand and back to supply and also the minor range from supply to the H4 low at 1.09508 and back to supply. Price rallied into supply, formed a rejection wick and candle close below supply followed by a H4 bearish engulfing candle showing possible reversal at the zone. Took sell entries during London session at 1.13575 with SL at 1.14100. Setup taken is a rally base drop, a reversal setup and my target is at the H4 low of 1.09508. Price failed to break the H1 low at 1.12700 and instead gained strong bullish momentum and rallied to the...

XAUUSD (GOLD) TRADE UPDATE

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  Hey traders, here's an update of the XAUUSD shorts that I was holding into last week from 1723 when I took the trade during the previous trading week. Market opened last week with price rallying to 1656.40 from the previous week's close at 1642.07. Price still hadn't taken out the 1ST H1 high at 1662.47 to show a possible shift in market structure to bullish. Closed out on my scale-in positions from 1672.44 and continued holding my swing positions from 1723 & 1721. Price had been in a slight consolidation rallying to 167.30 then eventually dropping as expected. Price dropped to the H1 & H4 daily demand zone at 1628.73 & 1620.21 which is the origin of the previous rally to the major H4 & daily supply zone at 1731.49 & 1721.31 where I took my shorts from. Price has filled the major H4 and daily range from demand to supply and back to demand. I closed out my swing short positions at 1635.00, a 900 pips profit drop and price still went lower dropping into ...

US30 (DOW JONES) TRADE UPDATE

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  Good evening traders, I hope your weekend was awesome and you're all ready for the new trading week. Last week the markets made quite some swift moves especially on Friday during NYSE as most part of the week from Tuesday to Thursday the markets were either ranging or in consolidation at different levels. I'd like to share an update on US30 and later on XAUUSD which I had swing short positions. Into the US30 market, price dropped back deeply into the broken H1 & H4 supply retesting it as new demand before a continuation of the rally. However, price consolidated at zone for a while forming wicks to the upside then pushing price below demand with candle close below the zone on H1 & H4 but on the daily chart price closed inside demand leaving a strong rejection wick. Price then strongly rallied away from demand on Friday during NY session by a strong large H4 bullish candle that took out the previous H1 & H4 high confirming bullish momentum and a continuation of the ...

AUDUSD (AUSSIE DOLLAR) MARKET ANALYSIS

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  Hey good afternoon traders, I hope you're all well this fine Wednesday afternoon. As always I'm digging into the charts looking for opportunities in the financial markets and today I'm watching AUDUSD. Price rallied to a H1 & H4 supply level at 0.63350 & 0.63044 which is the origin of the previous drop to 0.62000. Price has filled the minor H1 & H4 range from supply to 0.62000 and back to supply. Price rallied into supply, formed rejection wick and candle close inside supply on H1 & H4 followed by a slight drop. Price dropped to 0.62786 then rallied back into supply. Took sell entries during London session at 0.63062 with SL at 0.63420. Setup taken is a rally base drop, a reversal setup and I anticipate price to drop back to the low at 0.62000 which is also my target for the shorts. Price gained momentum during NY session and late into Asian session dropping 75 pips to 0.62295 after which price reversed and rallied back to supply on 20th during London sess...

US30 (DOW JONES/ WALLSTREET 30) MARKET ANALYSIS

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  Good evening traders, an insight into the US30 market as it is the 2nd day of the trading week and what opportunities it presents. I hope you're all well and doing okay. Price rallied from the major H4 & daily demand zone at 28864.28 & 28621.70 to the major H4 & daily supply zone at 30379.39 & 30002.47, breaking it and forming a higher high at 30823.20 on H1 & H4. Price dropped to retest the broken supply as new demand before a continuation of the rally forming a new bullish range. I missed out on optimum entries at the retest of the new demand zone but looking for potential buy positions as the market structure shifted to bullish. Price dropped back to the broken supply for another retest on H4 before a continuation of the rally. Took buy positions during late NY session at 30396.10 with SL at 30103.74. Setup taken is a rally base rally, a continuation setup. Price dropped into demand, formed rejection wick and H4 candle close above demand showing good conflu...

XAUUSD (GOLD) TRADE UPDATE

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  Good afternoon traders, I'm doing an update on the XAUUSD shorts I had called and how the trade has progressed with the market moves this week. Price rallied to the previous H1 high at 1682.60, failed to break it and dropped. Price gained momentum during NY session dropping in 2 large H1 bearish candles after the CPI news release yesterday confirming a continuation of the bearish trend. Price dropped to 1643.20 with strong momentum, hitting my target of 1658.00 where I took partials and dropped lower then rallied back to 1665.50. I anticipated a retest of 1672.40 before a continuation of the drop back to the H1 & H4 demand zone at 1629.44 & 1620.21 which is the origin of the previous rally to supply at 1731.49 & 1721.31. I'm still holding my short positions from 1724 and I had pending sell limit orders at 1672.40 with SL at 1683.30. Price rallied to retest 1672.40 as previously anticipated and activated my pending sell limit orders at 1672.40 Price dropped to 1659...