FXCoops

FXCoops Updated 

Long term Outlook: Bearish Short term Outlook: Bullish Theory: Since Feb 2021, AUDUSD has been bearish, making Lower-Lows. 28th Jan 2022 we reach a new LL and we are now looking for where it will settle and make a lower-high. On the chart, I have three areas which interest me, all order blocks. Expecting in the next thirty days for price to reach at least the...

FXCoops

EURJPY Sell Analysis: EJ has been in a downtrend since early 2014. On the 5th June 2020 we saw the pair make a new Lower High. Ever since then we have seen bearish movement towards a new lower low. On the 5th June, I saw the following conditions which makes me believe price is heading towards a new lower low; -Descending Weekly Trend Line - 2nd Touch - 4hr...

FXCoops

AUDUSD Sell Analysis: The Ozzy Dollar has been in a strong downtrend since 2013. We have however, seen a retracement since mid March 2020 as it forms a new lower high. Following this retracement, I am expecting a new lower low. I got in on this trade two weeks ago now but my entry was a little premature and since entering I have rode the pairs consolidation...