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EURUSD MARKET ANALYSIS

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  Good morning traders, it's another great Thursday presenting profitable opportunities in the markets and I hope you're all ready to partake in it. Into the charts today I'm looking at EURUSD where price failed to get to my target demand zone from the previous trade I posted and instead reversed from the H1 low at 1.09700 hence closing out my positions. Price rallied back to the major H1 & H4 supply zone at 1.10736 & 1.01452. Price faked out a break of supply on H1 with candle close above supply followed by a strong H1 bearish engulfing candle that closed below supply. Price retraced back into supply for a retest before a continuation of the drop. Took sell positions during London session at 1.10562 with SL at 1.10800. Setup taken is a rally base drop, a reversal setup and my 1st target is at the 1st H1 low at 1.09700 before price either shifts and reverses again or price breaks and continues dropping. Price consolidated inside supply during London session with slo...

EURUSD MARKET ANALYSIS

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  Hello traders, as I looked into the previous USDCHF market I'm also looking at EURUSD where price rallied into the major H1 & H4 supply zone at 1.10736 & 1.10452 which is the origin of the previous drop to the H1 & H4 demand zone at 1.09311 & 1.09101. Price has filled the H1 & H4 range from the major H1 & H4 supply zone at 1.10736 & 1.10452 to the H1 & H4 demand zone and back to the major H1 & H4 supply zone. Price rallied into the supply zone, failed to tap 1.10736 and instead formed rejection wicks on H1 with candle closes inside supply followed by a drop in a constant push away from supply. Took sell positions during London session open at 1.10480 with SL at 1.10740. Setup taken is a rally base drop, a reversal setup and my target is at the H1 & H4 demand zone at 1.09311 & 1.09101. Price dropped in one large H1 bearish engulfing candle with candle close below supply. Price formed a weak H1 bullish candle that became engulfed by anoth...

USDCHF MARKET ANALYSIS

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  Good morning traders, I hope you're all well and enjoying the volatility that's kicked in the markets this week as last week lacked good volume for profitable setups. Into the charts today I'm looking at USDCHF where price dropped into a key H1 & H4 demand zone at 0.88961 & 0.88714 which is the origin of the previous rally to the H1 supply zone at 0.89958 & 0.89724. Price has filled the H1 & H4 range from the key H1 & H4 demand zone to the H1 & H4 supply zone and back to the key H1 & H4 demand zone. Price dropped into demand and formed a rejection wick on H4 with candle closes inside demand. Took buy positions during London session open at 0.88738 with SL at 0.88538. Setup taken is a drop base rally, a reversal setup and my target is at the H1 & H4 supply zone at 0.89958 & 0.89724. Price rallied to 0.88908 then left a strong H1 rejection wick to the upside followed by a drop lower hence putting my positions in drawdown. Took a scale-in ...

EURUSD MARKET ANALYSIS

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  Good morning traders, it's another Monday the start of a new trading week meaning new opportunities in the markets. Into the markets today, I'm looking at EURUSD where market opened the week inside a key H1 & H4 supply zone at 1.10000 & 1.09790 which is the origin of the previous drop to the 1st H1 low at 1.09130. Market consolidated between the key H1 & H4 supply and the H1 low at 1.09116 hence filling the minor H1 range from the key H1 & H4 supply zone to the H1 low and back to the key H1 & H4 supply zone. Price formed a rejection wick with candle close inside supply followed by a drop in 2 strong H1 bearish candles during Asian session confirming the bearish sentiment.  Took sell positions during pre-London session at 1.09764 with SL at 1.10030. Setup taken is a rally base drop, a reversal setup and my 1st target is at the 1st H1 low at 1.09116 before price either shifts and reverses or breaks and continues with the drop.  

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...