Fibre week of 9 August 2021currently at support. chart pattern suggests retracement to 1.1750 then short again from that level to later retest lower levels. currently no signs of a longer term reversal so net short.
Fibre
EUR/GBP Signal - GBP Retail Sales - 23 Jul 2021EURGBP is trending to the downside prior to the GBP Retail sales data, which measures the total receipts for retail stores domestically. Technically the pair is below the moving average ribbon and has broken a key pivot level. We anticipate continued downside into the 0.8508 level.
EURUSD At The Lower Channel Of A Converging TriangleLast week rejection candle is not enough to drive price up to the seller's level as EURUSD still touched the low at 1.18000 forming a bullish engulf. With a strong bullish candle, EURUSD is likely to rally to the seller's level at 1.19360 in coming days.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
EURGBP Downside Pending!EURGBP has traded into resistance prior to the ECB President Lagarde speech, which will provide insight into future monetary policy decisions for the European Central Bank. Technically the pair is at moving average and trendline resistance, and we anticipate downside today.
After Creating Lower High Bears Now In Control Of EURUSDEURUSD seems to have complete making a weekly L-H, sellers keep coming up anytime the pair touches 1.22556 and have drag it to 1.21090. I would like to see more selling pressure next week. For now, Fibre looks ready to decline toward its ascending trendline.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
EURUSD Long Opportunity - ContinuationGood afternoon ladies & gents,
Opportunity to re-enter another long position on EURUSD following on from the previous trading idea.
Objectives for this position have been outlined.
I'll be taking a chunk of my profit @ 1.22000 and letting the rest run
Good luck :)
EURUSD, Bullish ReversalGood morning ladies & gents,
After a period of accumulation, it is highly likely that EURUSD will start a bullish cycle up, this analysis is supported by a multitude of reasons.
1) After a period of accumulation, it's often that we see an inducement out of one side. This is the "Manipulation" phase, whereby they move price to simultaneously neutralise buy-side liquidity & induce sell-side liquidity, allowing the market makers to build in heavy long positions.
2) This area is sat below the 61.8% fib rejection we saw last week, meaning where price is at is an area of sell-side liquidity.
3) The Orderflow on the Monthly - Weekly - Daily are all Bullish.
4) Price has pulled back to the last D1 Bullish Orderblock responsible for dynamic PA.
5) Seasonal Tendencies & Commitment of Traders Data report frames the macro-economic outlook on the Fibre, both of which indicates an appreciation in the Fibre in the next few weeks.
All of this, leads me to the conclusion that NFP will drive EURUSD up to take out the monthly highs where the next big level of Buy-Side Liquidity Lies. I anticipate it trading up to 1.24000 which is a level where commerce is often conducted.
Macro-economic synthesised with Micro-technical levels is what frames high probability setups that we execute on with precision.
Let's see how price delivers & let's see how "random" this market really is.
Disclaimer: This is not trading advice, this is merely my idea. All speculations can incur losses. Don't invest more than you're willing to lose. You're trading @ your own risk should you act upon this idea. If so, I'd personally employ no more than 3% risk maximum of the total account size.
EURUSD Long Opportunity, 1:13 AvailableGoood morning ladies & gents.
After taking out an area of buy-side liquidity, EURUSD fell into a multi-day consolidative range - today it broke to the upside.
Now, EURUSD remains bullish. I'm looking for a pullback to this area (1.22305) where I'll be looking to take a long position with my take profit at the monthly swing high.
Commitment of Traders data report states that EURO is extremely bullish & dollar is extremely bearish; hence, supporting a EURUSD long bias.
I'll be looking to scale out at multiple points in this trade.
I wish you all a profitable week ahead.
- AmplaFX
EURUSD, Long OpportunityGood afternoon ladies & gents,
After reacting off our H1 Bullish Orderblock based on my previous idea, we are now seeing another entry with a super high risk to reward possible to stack on top of the first idea.
I'm looking for a long position off the same H1 Bullish Orderblock overlayed with the M30 Bullish Orderblock.
I anticipate price to clear the highs at 1.22630. If it clears that objective, it's likely that we'll see price trade through the line labelled BSL (Buy-Side Liquidity) followed by it continuing up to the D1 Bearish Orderblock situated slightly below the Monthly Highs.
Let's see how price performs.
On the flipside, we can see DXY giving us a mirror image. It reacted nicely off the H4 Bearish Orderblock, and the price point of 89.196 is the next draw on liquidity, thus supporting a bullish fibre.
Let's see how this runs!
DXY W/C 17.05.2021Dollar is weak in my opinion and looking to run the lows on the daily chart. IF we do break to the upside I will be looking at 91.40 and 91.95 for a reversal. Currently long from last week on Aussie and Fibre. So just managing this for now and waiting for new opportunity. HV News only thurs/friday this week for AUD and EUR
DXY - Fibre. Long Term Update on Previous VideoPlease see previous video about DXY and Fibre.
This one is just an update to that. Market is still looking good long term even though this week showed dollar strength. But on HTF it was just a little bump to 78s
Fibre Faces Hurdles @ 1.22500 Level Before Going For 1.25000EURUSD will need to overcome the selling pressures at 1.22500 level IF it intends to rally above 1.25000 in order to create anew 2 year high. Failure to overcome this level may drag the pair to its mean value.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FIBRE GOOD SETUP FOR A POSSIBLE NEW 2-YEAR HIGH (+450 pips)EURUSD may likely be ready to make a new 2-year high after a break above the upper channel of the expanding triangle, a pullback will be an ideal long trade entry on this pair in order to reduce Risk/Reward. Expected a push towards 1.22000 before being rejected and fall to test a support (or the upper channel) again.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
DXY TO 78'S - VERY VERY LONG TERMFROM THE START OF 2021 WE ONLY TRADED UPWARDS UNTIL RECENLTY.
WE MIGHT HAVE THE HIGH IN HERE WITH LOADS OF DOWNSIDE POTENTIAL ON THE DOLLAR.
WE STILL NICELY ABOVE THE YEAR OPEN WITH A LOT OF DOWNSIDE IN PLAY TO REACH THE YEAR OPEN AND THEN CREATE THE DOWNSIDE FOR 2021
LOOKING DEEP DOWN BELOW 80 IT SEEMS WE CAN RUN DOWN TO 78S TO HIT THE MAJOR LIQUIDITY LEVEL. DOES IT HAPPEN IN 2021 (COULD ROLL INTO 2022)
I AM VERY BEARISH DOLLAR FOR THE REMAINING OF THE YEAR.
(OF COURSE THERE WILL BE MOMENTS OF UP MOVES TO BE CAREFUL OF THOUGH)
ALSO SEE MY FIBRE CHART IN RELATION TO THIS
Fibre long term 2021 Target - BullishWill be looking for longs during the rest of this year targeting 1.3000
Monthly/Weekly/Daily price action is looking really bullish to be. We still below the year open so such an interesting time to see how we expand away in the coming months.
Will be keeping an eye on dollar weakness
EURUSD Inability To Close Above 1.21716 Exposes It To Value ZoneWith EURUSD rejections at 1.21716, bears are now feasting on the pair targeting next support level below 1.19000
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FIBRE MUST VIOLATE 1.21716 HIGH TO REMAIN BULLISH ELSE...With EURUSD breakout of the bullish wedge and for the bullish outlook to continue, the pair needs to rally above recent swing high at 1.21716. If this level is not violated, fibre will likely retest 1.19677, however if this level is violated, a pullback to the bullish engulf candle on 05/02/2021 will be the start of another upward movement for EURUSD.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Oops! EURUS BreakOut Of Wedge May Retest Upper ChannelNow that EURUSD has breakout of the bullish wedge, the pair could possibly re-test the upper channel of the wedge before the commencement of another impulse wave to 1.23000 or above
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Bears Are Waiting For EURUSD To Send Pairs Toward Lower ChannelOne more leg down remains for fibre before it can possibly break above the bullish wedge. There will be selling pressure on the pair on reaching the upper channel which will likely send to to re-test the low at 1.19679 or lower at 1.19000.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
FIBRE 2 Levels To WatchOut For. Selling Pressure May IncreaseEURUSD is weakening on the daily timeframe and 2 levels to watch for an increase in selling pressure for the pair are between 1.22000 & 1.23000. EURUSD to revert to its mean.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Fibre Sell Short Trade Lies Above The Bullish Wedge On H4GBPUSD started 2021 in bullish wedge on H4, with the pair weakening, a rally towards the upper channel of the bullish wedge might likely be attacked by bears dragging it down to 1.34000 or below
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
