The market proceeded to break 162 yesterday but bulls managed to find support somewhere at 161.70. I was able to get out at 162.05, just before the bulls pushed price up to 162.80.  There were no follow-through move during Asian session but instead, bears dominated at open and bulls tried suppo

GBPUSD is currently trading within a range, which is ideal conditions for swing failure patterns. I'm looking for continued downside price action into the 1.19226 swing low to test that level and probe liquidity. This also lines up with the ATR which should add a strong additional confluence, in add

Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.21260, to clear the liquidity and where the 38.2% Fibonacci line is. Stop loss will be at 1.22419, where the 61.8% Fibon

On the H4 time frame, a break below the downside confirmation level at 1.1980 could provide the bearish acceleration to our next support zone at 1.1650, which is in line with the Fibonacci confluence levels. The downside confirmation level coincides with the 50% Fibonacci retracement and ascending t

Since Friday during the NFP data, we saw that EURO didn't decrease too much. It looks like the market wants to support EURO again. The Optimism related to the EURO is still increasing during these weeks. I wouldn't be surprised to see EURO to increase again. Actually, the price is showing a bullish

Let's start our analysis with AUDUSD: By studying my chart, you will notice that price has not yet reached an area of strong supply or demand, it is simply trading around an imaginary trendline. Sentiment shows us that 66% of traders are long and the day has started bullish . Could this be an early

On the H4, with the price moving below the Ichimoku cloud and moving within the descending channel, we have a bearish bias that the price may drop to the sell entry at 0.67264, which is in line with the previous swing low. If the price can break this support level, the take profit could be at 0.6680

After a long period of time, the compression was completed and all the early buyers invited into the compression trap were liquidated. I will now be looking to join the true buys around a solid area of demand. We may bounce from here but I believe we are likely to push deeper into the initial demand

Yesterday we looked at the expected retracement on EURUSD to 1,0660. This is how we usually look at the chart and wait for a rise on the lower timeframes. It's still possible that price could drop to 1,0430 and then begin an upside move. There will be buying opportunities on the bounce of. Buys are

Photo: Rachel McIntosh As the DeFi space has continued down the path of exponential growth over the last several months, there are a number of important questions arising about the future of the cryptocurrency industry. In particular, crypto holders now more than ever are wondering which assets wi

Photo: FM The US top regulator has stepped in to stop yet another “initial coin offering” (ICO) after its operators failed to register their tokens as a security. The principals of eSports gaming and gambling platform Unikrn have agreed to settle charges brought by the US Securities and Exchange C

The Reserve bank of New Zealand (RBNZ) Governor Adrian Orr is actively preparing a package of additional monetary policy tools to use if needed. We have been effective in lowering interest rates across the board, and ensuring there is plentiful liquidity in the financial system, Orr said in a spee