Currency pair seasonality traits for GBPUSD, EURUSD, NZDUSD and USOIL were covered in today’s live session. This is one of the strategy markers we put in place to help iron out discrepancies in our main strategy. A big “red” week is in store for us, so we are excited for the currency pair seasonality and the coming volatility.
The DXY monthly time frame imbalance is at the ( members only ) level, so we remain bullish. We have a pullback on the weekly timeframe, and we are expecting price to find support at the ( members only ) zone. We are looking for a low to form, but for price to continue higher for the rest of the week.
EURUSD has dipped into the gap and there is one more at the ( members only ) area, and then at the ( members only ) zone. Price can only go higher if it confirms on the daily break in market structure. According to currency pair seasonality, there is always a decline on the Euro on Feb 3 based on institutional patterns. We identified the optimal trade entry for you on the live session at the ( members only ) level, but essentially price will continue to the downside.
The GBP rate announcement is this week, and they are looking to increase the rate. The GBPUSD bearish currency pair seasonality starts from Thursday Feb 3rd and runs up until the 10th of March. We are looking for a high of the week to form, and it is ideal for price to not close above the gap at the ( members only ) level. How we end today will give us an idea of how we will trade tomorrow. We have a rundown to close the void at the ( members only ) level and the ( members only ) level. If price does decide to go higher, then look for a short at the 4H order block. That’s if they close bullish today above that high – then ( members only ) is the range for optimal trade entry.
We are anticipating price to run lower for NZDUSD, but there is a swing low order block confirmation. Use the strength of AUD and NZD to trade other pairs for example GBPNZD. NZDUSD can be traded into optimal trade entry up to the ( members only ) area. We provided a detailed breakdown of how to trade the NZDUSD pair in today’s live session… you can watch the replay if you missed it.
AUDUSD has run equal lows… price has rejected and we are looking at the ( members only ) area. Price can go further than that, so can keep some lots on after taking your main profits. Also, keep an eye on the AUD rate announcement this week. According to currency pair seasonality, the high forms on the 4th of February (which is Friday).
EURGBP price has taken out the weekly low and rejected. We identified the candle that shows Smart Money coming into the market, and showed you how to spot them for yourself. We are not participating in EURGBP yet because we are seeing if it will close bullish to confirm the swing low (above the ( members only ) level). Be sure to watch out for the gap on the Daily, as it could be a consolidation. On Thursday, we have monetary policy statement for NZD and rate announcement for GBP rate (which is looking to be increased).
USDCAD is still bullish. We identified the new Weekly manipulation area, and we are still targeting the draw at the equal highs. CAD futures are looking like they are going to drop to ( members only ) area… we identified the gap that it shouldn’t breach. Tune in to the replay of the live session to find out what that looks like!
USOIL live session targets were hit on Friday… congratulations on the extra pips if you were scalping with us! USOIL is stuck in a consolidation for now, and we are waiting to take advantage of a breakout. On the Monthly timeframe, we have a clean high to look at on the ( members only ) zone, then up at the ( members only ) level, and with an even further upside at the ( members only ) zone (we have been calling these for the past year). We are looking to close the 100 level by June… currency pair seasonality on USOIL is bullish from January until June as well. Be aware that any pull back on the 4H timeframe is subject to a buy. Please watch the live session replay to understand how to measure the range and look for OTE to go long (we showed you how to set that up as an investment trade). On the short term, target price to go back above the ( members only ) levels. But cancel these plans if we close below the ( members only ) low.
For GOLD we can see price drop down to the ( members only ) level. Price should go up to form the high of the week around the ( members only ) area, and then drop back down so we can wind up our trades on the pullbacks. Make sure to confirm signs of reversal before going short.
BTCUSD is temporarily bullish to the ( members only ) breaker. On the bigger picture the Daily timeframe shows price to draw to the ( members only ) level as our next target. Once the void is rebalanced, we will see the bears come back in. Note that if we confirm a swing high, then the ( members only ) levels are the targets, so let’s keep an eye on the ranges.
ETHUSD will pull back up to the ( members only ) level, and then drive back down to the ( members only ) zone (which is the equal low on the Daily). Watch the ( members only ) area as the reversal point. Also, watch for a break in market structure here and be confident!
And there’s a ton more of currency, crypto, commodities and other indices left to go over, paid members get to follow along with the trader daily inside our trading portal.
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