J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

WTI Crude Eyes Bullish Momentum Above $68.9

FenzoFx—WTI Crude Oil broke resistance at $68.9 in the last session, now trading near $70.6. This breakout supports a bullish shift. Yet, RSI 14 and Stochastic indicate overbought conditions, suggesting possible consolidation. Support at $68.9 could offer a discounted entry if prices retreat.

Watch for bullish signs like candlestick formations and inverted FVG around the $68.9 support.

 

[FxNews]

Gold Holds Trendline Amid Rising Momentum

FenzoFx—Gold remains above the ascending trendline, trading around $3,386.0. Technical indicators like RSI 14 and Stochastic show rising momentum, reinforcing the bullish bias. Immediate support lies at $3,347.0. If this holds, XAU/USD may climb toward the monthly VWAP at $3,412.0.

The bullish outlook is invalidated if Gold closes below $3,347.0, which opens the door for further downside toward the next support at $3,307.7.​

 

[FxNews]

Nasdaq Finds Support at $23,305.0

FenzoFx—Nasdaq dipped yesterday and formed a bearish FVG. However, the selling pressure eased as soon as the price tested the ascending trendline.

The last day's low at $23,305.0 is the immediate support. That said, a close above the immediate resistance at $23,375.0 can trigger the uptrend, targeting the highs at $23,535.0.

 

[FxNews]

Crude Oil: Buying Pressure Strengthens

FenzoFx—Crude Oil maintained its bullish trend with an ideal dip for entry on July 25. Stochastic and RSI 14 indicate overbought conditions, suggesting intensified buying pressure. A breakout seen yesterday reinforces the bullish bias.

Our projection remains optimistic, targeting a move toward the Fair Value Gap zone, extending to $73.8. However, if Oil closes below the $69.3 support, the bullish outlook will be invalidated.​

 

[FxNews]

Bitcoin Cash Breaks Structure With Bullish Momentum

FenzoFx—Bitcoin Cash remains bullish, trading back above the VWAP from July 24 near $582.9. Today’s breakout above $572.6 featured a strong bullish engulfing pattern, leaving a fair value gap now under test.

The outlook favors revisiting the $607.0 high, and with the trend still positive, it’s advisable to leave a runner open. A further rally toward $630.0 remains likely if momentum persists.

 

[VasilTodorov]

View attachment 18575SOL is not looking good! it looks as ifa bigger fall is comming unless the bulls break out of the channel

Didnt I tell you that this is falling?

 

[FxNews]

View attachment 18620Didnt I tell you that this is falling?

Hi,

Yes, you did well here. However, there’s no way to predict where the market will go. We conduct analysis and look for entries in lower time frames (5-10 minutes). Once we enter a trade, the risk-to-reward ratio is 1 to 3, meaning for every $100.00 we risk, the expected return should be at least $300.00.

The best analysis has a 55% success rate, but when the reward significantly outweighs the risk, the account consistently ends up profitable every month.​

 

[FxNews]

Last week, three of our trades on Gold hit the stop loss, resulting in a total loss of $6,000.00. However, the fourth trade on LTC brought in $27,000.00.

Maybe it's time to start a new thread to discuss entries.

 

[FxNews]

Bitcoin Cash Breaks Structure With Bullish Momentum

View attachment 18613

FenzoFx—Bitcoin Cash remains bullish, trading back above the VWAP from July 24 near $582.9. Today’s breakout above $572.6 featured a strong bullish engulfing pattern, leaving a fair value gap now under test.

The outlook favors revisiting the $607.0 high, and with the trend still positive, it’s advisable to leave a runner open. A further rally toward $630.0 remains likely if momentum persists.

This BCH analysis is a great example. The first trade resulted in a $147.00 loss, but the second order after the bearish breakout was a success with a $587.00 profit, which is three times larger than the loss.

The profit on the second order was three times greater than the stop loss, achieved by doubling the trade size and applying reasonable risk management.​

 

[FxNews]

USD/CHF: Order Block Rejection Signals Downtrend Continuation

FenzoFx—USD/CHF started a new bearish wave after it reached the order block at approximately 0.817. Today, the pair is filling the bearish fair value gap by approaching the immediate resistance at 0.8113.

From a technical perspective, if this level holds, USD/CHF will likely resume its bearish trajectory. In this scenario, the price has the potential to target the 'buy-side' liquidity zone at 0.7955.

 

[FxNews]

Gold: Key Support Zone Holds Bullish Potential

FenzoFx—Gold turned bullish after testing the order block at $3,267.0. Stochastic is overbought, suggesting possible consolidation. The bullish candle on August 1st created a fair value gap and broke structure, but no discount entry has formed yet.

Immediate support lies at $3,324, backed by weekly VWAP, FVG, and volume point of interest. Traders should wait for price to revisit this zone for a bullish setup. If support holds, momentum could push gold to $3,395.0. The setup offers a favorable risk-to-reward ratio of at least 1 to 6.