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I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as forex trading strategies and indicators developer. I also work with automated trading with top-accuracy Forex Robots and Expert Advisors. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders.
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My Blogs:
Main blog: https://forexobroker.com/
Free Forex Trading Strategies: https://forextradingstrategies4us.com/
Free Forex MT4 Indicators: https://primeforexindicators.com/
Free Forex Trading Robots: https://forexearobots.com/
My Patreon: https://www.patreon.com/forexobroker
Myfxbook:
Follow me on socials:
Reddit: https://www.reddit.com/user/Dominic_Walsh_Trader/
Medium: https://medium.com/@Dominic_Walsh
Telegram: https://t.me/forextradingstrategies4us
Quora - https://www.quora.com/profile/Dominic-Walsh-46
Linkedin - https://www.linkedin.com/in/dominicwalshtrading/
Youtube - https://www.youtube.com/@DominicWalshLearnToTrade
Twitter - https://twitter.com/Forex_OBroker
Facebook - https://www.facebook.com/forexobrokertrading
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Kestutis Balciunas
#CADJPY: Bullish Outlook Explained
🟢CADJPY formed a cute double bottom on a key horizontal support on 4H.
Its neckline was broken during the Asian session.
I believe that the pair will most likely bounce.
Target - 98.3
🟢CADJPY formed a cute double bottom on a key horizontal support on 4H.
Its neckline was broken during the Asian session.
I believe that the pair will most likely bounce.
Target - 98.3
Kestutis Balciunas
#EURCAD: Top-Down Analysis & Trading Plan
⚠️EURCAD is approaching a peculiar horizontal demand zone.
The price formed a doji candle, testing that on a daily.
Analyzing a 4H, I spotted a double bottom with a higher low.
1.458 - 1.462 is its neckline.
If the price breaks and closes above that on 4H, I will expect a bullish movement.
Goals will be 1.469 / 1.473.
❗️If the price sets a new low though, the setup will become invalid
For extra confirmation use german sniper indicator
⚠️EURCAD is approaching a peculiar horizontal demand zone.
The price formed a doji candle, testing that on a daily.
Analyzing a 4H, I spotted a double bottom with a higher low.
1.458 - 1.462 is its neckline.
If the price breaks and closes above that on 4H, I will expect a bullish movement.
Goals will be 1.469 / 1.473.
❗️If the price sets a new low though, the setup will become invalid
For extra confirmation use german sniper indicator
Kestutis Balciunas
Dow Jones Index (#US30): Waiting For Breakout
⚠️Dow Jones Index is very bearish since 7th of March.
Currently, the price is stuck on a solid horizontal support, though.
For now, I am patiently waiting for its breakout.
Daily candle close below that area will confirm the violation.
A bearish wave will be expected then at least to 30900 support.
I will post an update once I spot a confirmed breakout.
⚠️Dow Jones Index is very bearish since 7th of March.
Currently, the price is stuck on a solid horizontal support, though.
For now, I am patiently waiting for its breakout.
Daily candle close below that area will confirm the violation.
A bearish wave will be expected then at least to 30900 support.
I will post an update once I spot a confirmed breakout.
Kestutis Balciunas
GOLD (#XAUUSD): Key Levels to Watch🥇
Here is my updated structure analysis for 🟢Gold.
Support 1: 1875 - 1890 area
Support 2: 1855 - 1858 area
Support 3: 1805 - 1813 area
Resistance 1: 1950 - 1960 area
Resistance 2: 1978 - 1998 area
As I predicted on a live stream, the price nicely bounced from Support 1.
I believe that the market will head towards Resistance 1.
Consider the underlined structures for pullback / breakout trading.
Here is my updated structure analysis for 🟢Gold.
Support 1: 1875 - 1890 area
Support 2: 1855 - 1858 area
Support 3: 1805 - 1813 area
Resistance 1: 1950 - 1960 area
Resistance 2: 1978 - 1998 area
As I predicted on a live stream, the price nicely bounced from Support 1.
I believe that the market will head towards Resistance 1.
Consider the underlined structures for pullback / breakout trading.
Kestutis Balciunas
#CADCHF: Bearish Move From Key Level
CADCHF is approaching a key daily structure resistance.
The price formed a double top pattern on an hourly time frame
and broke its neckline to the downside then.
I expect the retracement from the underlined zone.
Goals: 0.673 / 0.67
CADCHF is approaching a key daily structure resistance.
The price formed a double top pattern on an hourly time frame
and broke its neckline to the downside then.
I expect the retracement from the underlined zone.
Goals: 0.673 / 0.67
Kestutis Balciunas
CRUDE OIL (#WTI) Bearish Setup Explained🛢
On a today's live stream, we discussed 🔻WTI Oil.
The price formed a tiny double top pattern on 1H time frame,
approaching a wide supply cluster.
Its neckline was broken.
I expect a bearish continuation to 70.9 now.
On a today's live stream, we discussed 🔻WTI Oil.
The price formed a tiny double top pattern on 1H time frame,
approaching a wide supply cluster.
Its neckline was broken.
I expect a bearish continuation to 70.9 now.
Kestutis Balciunas
#USDCAD: Your Trading Plan For Today
⚠️USDCAD is consolidating on a key level.
We see a narrow horizontal range on 1H time frame.
To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.
If the price breaks and closes above that on 1H, the probability will be high that we will see
a pullback from the underlined structure.
The goals will be 1.374 / 1.378
For confirmation use Moving Average Indicator
If the price sets a new lower low, the setup will become invalid.
⚠️USDCAD is consolidating on a key level.
We see a narrow horizontal range on 1H time frame.
To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.
If the price breaks and closes above that on 1H, the probability will be high that we will see
a pullback from the underlined structure.
The goals will be 1.374 / 1.378
For confirmation use Moving Average Indicator
If the price sets a new lower low, the setup will become invalid.
Kestutis Balciunas
#EURCAD: Important Breakout! 🇪🇺🇨🇦
🟢EURCAD was consolidating for 3 months on a weekly.
The price was coiling within a horizontal range.
Its upper boundary was broken last week, and a weekly candle closed above that.
Probabilities will be high, that a new bullish wave will initiate soon.
Next resistance - 1.5
🟢EURCAD was consolidating for 3 months on a weekly.
The price was coiling within a horizontal range.
Its upper boundary was broken last week, and a weekly candle closed above that.
Probabilities will be high, that a new bullish wave will initiate soon.
Next resistance - 1.5
Kestutis Balciunas
#EURCHF: Trend-Following Setup
🔻EURCHF is approaching a confluence zone based on a horizontal supply area
and 618 retracement of the last bearish impulse.
The price formed a head & shoulders pattern, testing that.
Its neckline was broken then.
I expect a bearish move to 0.9732
🔻EURCHF is approaching a confluence zone based on a horizontal supply area
and 618 retracement of the last bearish impulse.
The price formed a head & shoulders pattern, testing that.
Its neckline was broken then.
I expect a bearish move to 0.9732
Kestutis Balciunas
#CHFJPY: Bullish Continuation Pattern
🟢CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.
I expect a bullish continuation to 148.3
🟢CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.
I expect a bullish continuation to 148.3
Kestutis Balciunas
#NZDJPY: Pullback From Key Level
🟢NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame.
Its neckline has just been broken.
I expect a pullback to 83.24
🟢NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame.
Its neckline has just been broken.
I expect a pullback to 83.24
Kestutis Balciunas
S&P500 Index (#SPY) Bearish Outlook Explained
S&P500 reached a solid horizontal key level.
The price formed a tiny double top on that and a doji candle.
Now, bears are pushing.
I expect a fall to 3886 / 3851
S&P500 reached a solid horizontal key level.
The price formed a tiny double top on that and a doji candle.
Now, bears are pushing.
I expect a fall to 3886 / 3851
Kestutis Balciunas
#GBPAUD: Time For Pullback 🇬🇧🇦🇺
🔻GBPAUD reached a key daily structure resistance.
The market was nicely rejected from that on 4H first,
then, a bearish engulfing candle was formed.
I expect a retracement from that structure.
Goal - 1.804
🔻GBPAUD reached a key daily structure resistance.
The market was nicely rejected from that on 4H first,
then, a bearish engulfing candle was formed.
I expect a retracement from that structure.
Goal - 1.804
Kestutis Balciunas
Gold (#XAUUSD): Important Bullish Clue on a Weekly 🟡
🟢Gold has nicely respected a major weekly structure support.
The market formed a bullish engulfing candle after the test of structure,
and then we saw a very nice rejection from that.
It looks like Gold may go higher.
Next resistance 1925.
Remember, that weekly time frame chart unveils a long-term perspective.
So it may take weeks, before the price reaches the target.
🟢Gold has nicely respected a major weekly structure support.
The market formed a bullish engulfing candle after the test of structure,
and then we saw a very nice rejection from that.
It looks like Gold may go higher.
Next resistance 1925.
Remember, that weekly time frame chart unveils a long-term perspective.
So it may take weeks, before the price reaches the target.
Kestutis Balciunas
Binance Coin (#BNBUSD): Very Bearish Outlook! Here is Why:
Have you seen that huge head & shoulders pattern that was formed
on 🔻Binance Coin on a daily.
After yesterday's fundamentals, the price successfully violated its neckline and closed below that.
Probabilities are high now, and the market will keep falling.
Goals: 256 / 243
Have you seen that huge head & shoulders pattern that was formed
on 🔻Binance Coin on a daily.
After yesterday's fundamentals, the price successfully violated its neckline and closed below that.
Probabilities are high now, and the market will keep falling.
Goals: 256 / 243
Kestutis Balciunas
#USDCHF: Detailed Technical Outlook
⚠️USDCHF is currently consolidating.
The price is stuck between 2 horizontal key levels that compose a range.
0.9425 - 0.946 is the resistance of the range.
0.9285 - 0.9306 is the support of the range.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:
1️⃣If the price breaks and closes above the resistance of the range,
a bullish continuation will be expected at least to 0.9537.
2️⃣If the price breaks and closes below the support of the range,
a bearish move will be expected to 0.9193 support.
Wait for a breakout, that will clarify the future direction of the market.
Also use Directional Indicator for confirmation!
⚠️USDCHF is currently consolidating.
The price is stuck between 2 horizontal key levels that compose a range.
0.9425 - 0.946 is the resistance of the range.
0.9285 - 0.9306 is the support of the range.
Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:
1️⃣If the price breaks and closes above the resistance of the range,
a bullish continuation will be expected at least to 0.9537.
2️⃣If the price breaks and closes below the support of the range,
a bearish move will be expected to 0.9193 support.
Wait for a breakout, that will clarify the future direction of the market.
Also use Directional Indicator for confirmation!
Kestutis Balciunas
#CADJPY: Classic Trend-Following Setup
🔻CADJPY broke and closed below a support line of a bearish flag pattern.
Taking into consideration, that the pair is trading in a bearish trend,
that violation may trigger a sell off.
I expect a bearish continuation to 97.05 / 96.1
🔻CADJPY broke and closed below a support line of a bearish flag pattern.
Taking into consideration, that the pair is trading in a bearish trend,
that violation may trigger a sell off.
I expect a bearish continuation to 97.05 / 96.1
Kestutis Balciunas
#USDCHF: Bearish Move From Key Level
USDCHF looks overbought to me,
The price formed a double top pattern approaching a key structure resistance.
Its neckline has been just broken.
Probabilities are high that we will see a correctional movement on the pair.
Goals: 0.935 / 0.931
USDCHF looks overbought to me,
The price formed a double top pattern approaching a key structure resistance.
Its neckline has been just broken.
Probabilities are high that we will see a correctional movement on the pair.
Goals: 0.935 / 0.931
Kestutis Balciunas
#CADCHF: Important Breakout
🔻CADCHF was coiling for more than a month within a wide horizontal trading range on a daily.
Its support was finally broken yesterday.
I believe that the pair will keep falling now.
Next support - 0.679
🔻CADCHF was coiling for more than a month within a wide horizontal trading range on a daily.
Its support was finally broken yesterday.
I believe that the pair will keep falling now.
Next support - 0.679
Kestutis Balciunas
Silver (#XAGUSD): Ahead of Powell's Speech
🟢Silver looks very oversold.
The price reached a solid horizontal key level and formed an inverted head and shoulders pattern on 1H time frame.
We might see a pullback.
Goals: 20.37 / 20.55
🟢Silver looks very oversold.
The price reached a solid horizontal key level and formed an inverted head and shoulders pattern on 1H time frame.
We might see a pullback.
Goals: 20.37 / 20.55