rodneyamah

rodneyamah

Distribution on H4 in confluence with break and retest of 20 MA and trendline break could pull price downwards. With NFP around the corner and a quite good week for USD, I could only expect more from USD strength. Failure for price to break trendline would open up a longing opportunity.

rodneyamah

Price after a successful retest has the potential of creating new lows.

rodneyamah

With last month candle closing below structure, there is hope for a move downside after an hourly correction to grab some liquidity. Also, if price would break structure to the upside then we can expect to adjust to the new market structure.

rodneyamah

Weekly and daily break and retest of powerful resistance now turned support. In confluence with daily head and shoulder makes this move valid.

rodneyamah

With price currently sitting at quite strong daily support, it is possible for the weekly trendline to be broken to the upside. Conversely, price could retrace to grab more liquity around 1745.00 before continuing upwards. Bearish confirmation would depend solely on the Monday daily candle closing below support. While an early bullish move would invalidate option 2.

rodneyamah

Keeping it simple, retest of previous daily support validates this trade. Good trading week

rodneyamah

Weekly Bearishness + Daily tweezer top + break and retest of previous support + test on daily fibo 0.618 and weekly 0.382 fibo make this move valid for a sell.

rodneyamah

Following my previous breakdown, Price failed to break above structure by instead creating move lows. We can expect a good 0.618 fibo retracement in confluence with previous support now turn resistance and a price pull downwards to last swing low. All the best Traders. Please observe previous analysis below.

rodneyamah

A break and Retest or a deeper retracement could be possible from here.

rodneyamah

We can now wait expect a little retracement on H1 followed by a move to second target. Good way to start the week.

rodneyamah

Awaiting successful retracement and we can go in. All the best.

rodneyamah

A break and retest of previous LH would validate the move. So please if you are going to trade using this setup, wait for that validation. Also if price would melt downwards then you can adjust to the analysis below. Just be flexible. All the best guys.

rodneyamah

A break and restest of structure would confirm a perfect daily retest and a high probability move to the upside. Previous resistance would turn support, bullish structure would become stronger and we can capitalize on the move back to 1.39200. Stop loss a few pips below structural level.

rodneyamah

Downside bias, Daily bearish engulfing candle confirmed yesterday Monday 30th Nov, 2020. And retracement needed for the retest of the 0.382 fibo on the weekly. Get those pips!

rodneyamah

Shorting opportunity today on AUDUSD. Hoping for a massive meltdown as from 10 am GMT. AUD from a COT side of things is now very bearish, the last report shows that Shorts have exceeded Longs tremendously. You could also check the progress of CADJPY which I published yesterday. There is also a possibility for an entry. Best of luck!

rodneyamah

Hello lovelies, did you miss me. Sorry for the long disconnect. I have been backtesting and trying to come up with amazing strategies to serve you better. Check out CADJPY for a downside move. COT data is smiling as CAD is tremendously weak and JPY has been soaring in strength over the last couple of weeks. You can make your entry after the retest of structure....

rodneyamah

Previous failure to support a downside bias couple with USD gaining strength necessitates the move to the upside.

rodneyamah

The downward side could be in view fo a long time. Prepare your bags!