EUR/NZD Price Action– There was a retest of the support zone at 1.60838 of the existing ranging momentum, also there was formation a bearish trap pin on Thursday which clued us to anticipate a bullish rally. Trading Focus – We are considering trading a bullish momentum in a short term while resistance zone at 1.66086 […]
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DAILY TRADE ANALYSIS FOR 27th of April 2022
EUR/NZD Price Action– A Pinbar was formed at support zones 1.6153-1.6087, this also double as retest of the breakout region of the existing range bound momentum created previously. Trade focus- We are considering trading the pair into the next resistance zone around 1.6562 zone. AUD/CAD Price Action– A rejection pin/inside bar pinbar combo was formed […]
Weekly Forex Pairs Analysis- 25th of April- 29thApril 2022
1-EUR/USD Price Action– A pinbar was formed at daily chart on Thursday of this week at support turned Resistance,1.09363, and this also was confirmed on the weekly chart. Trading Focus– We are anticipating continuation of the bearish trend and expect the market to rally into 1.06894 support zone. 2- AUD/USD Price Action-No visible price action […]
DAILY TRADE ANALYSIS FOR 1st of March 2022
AUD/JPY The pair has being in consolidation momentum in the recent days, the near term directional bias is bearish.it forms a slight ranging momentum for few days now around 83.818 resistance zone and 82.237 support zone. We are anticipation a false break into the resistance zones 84.52-83.818. Trading Focus– We are anticipating a price Action […]
DAILY TRADE ANALYSIS FOR 24th of Feb 2022
AUD/JPY The pair has being in a ranging momentum from 83.716- 80.596 zones, there was a bearish rejection at 83.716 zone 10 days ago forming a Pinbar price action. The bearish rejection was not sustained leading to another bullish rally to the same Resistance zone. Another rejection occurred today at the resistance zone which cue […]
Weekly Forex Pairs Analysis- 21th of Feb- 25th feb 2022
GBP/JPY The pair has being in a ranging momentum from 157.701-149.901,there was a rejection bar/tailed bar within the zones, and also a 50% retracement of the bar at 156.911. Trading Focus– Bearish bias, we are waiting for a reversals and join the bearish momentum in a near term. AUD/CAD The pair starts a bullish momentum […]
DAILY TRADE ANALYSIS FOR 17th of Feb 2022
EUR/JPY The pair formed a reversals pinbar at 131.411 support zones after there was early strong bearish momentum last week that was caused by formation of a tailed bar at 133.077 resistance zones. Trading Focus – We are anticipating a near term bearish momentum to 129.550/128.369 zones NZD/USD The pair formed a bearish reversals bar […]
Weekly Forex Pairs Analysis- 13th of Feb- 17th feb 2022
1 GBP/USD has being in a Zigzags bearish momentum for sometimes now, it formed a consolidating moves for a week before forming a bullish reversal candle at 1.36456-1.3609 zones on Thursday this week. There was a 50% reversals of the bullish pin bar on Friday. Trading Focus – We are taking a bearish stance with […]
Adeleke Adewale Website
Adeleke Adewale is a professional Forex trader with 10 years plus of experience in the market. His methodology focuses extremely on Price Action trading. His passion for trading is enormous and always ready to train and educate Newbies. Adeleke Adewale is a professional Forex trader with 10 years plus of experience in the market. His […]