Risk has again hit the market and drives safe heavens and riskier assets

Forex market is always driven with risk so we need to remain sundued and learn to stay on sidelines for a while and wait for opportunities to come again on our side.

Intersting fact is this which come as a surprise which is us dollar strong sell off which noone expect and as a result usd/jpy fall 4% in two days as euro also find bids on the last day of the week.

Market has still not come out of any conclusion and news from us and chinese data still be eyed for riskier assets.

Point to follow for price action traders here is what to expect from market at the start of the week when trading resume, so good signs are always seen when market ends the week on highs and lows and pound and euro did exactly that.

We can see accumulation in Dollar before trend resumes

So, for me I would like to see more accumulation on shorter time frames and see if there are enough space for low risk opportunities but even if trend is matured there would be more consolidation and stop hunting before price finally reverses, but chances are too low but market often hints before it start planning its next move.

Trade updates Kiwi and S&P 500

If you did

If you did not read my last post then you can read and have an idea about my trade recommendations. Take a look at the previous post trade recommendations
New zealand dollar is about to hit its first target and in that situation I will put my stops around 0.6920 and look for next target 0.7030 If price did reverse from here, then still it would be nice 25 pips profits. Stay update for another trade update.

Nzd dollar Price Action Update support and compression levels holding price up

Hi,

I am quite keen to let everyone update about the recent price Action setups and the one I found today is kiwi dollar or NZD/USD.

I am still bullish on the pair towards the move 0.7030 for the short term, but the problem we are having is to breach the 0.6950 area, and once it is breached as price has compressed to 0.6880 support and once this supply is engulfed we should look to buy the pair towards the retracement 0.6990 levels.

So, Entry should be like :--

Buy Limit 0.6890-95 level

Stops 0.6870

Target !@ 0.6970

Target2@ 0.7030

Technical analysis and trade opportunity of S&P 500 Futures

Hi,

I would like to make this post short and simple with pending order of S&P futures and possibly explain the reason why I took that trade in a day or two.

Set pending buy order around 2388

Set Stops around 2380

Target First 2410

Second 2418

Chart to help you understand why I took that trade

Price Action is wasted without Liquidity Gap and reaction

Hi Readers,

I have been quite busy recently in my other financial projects, so I did not post quite often but whenever I have time I do my best to post and update about recent price patterns and oppprtunities.

I would cover this topic in the next 30 days, and like you all to bookmark this page for every update that possibly will change the way you approach price action.


To be continued.....