1. Daily Swing structure is bearish, after this clear break of market structure. 2. The internal structure is bullish, as price pulls back into premium. The reaction to supply is significant. It potentially indicates the end of the retracement, and price now seeking external LQ at the swing low. 3. I am monitoring the FVG above closely. Should price trade...
This is a longer term view. It may take a couple of weeks to play out. The Breaker Block + FVG pose a strong bullish indication that price may head higher. The BB represents the turning point in the trend, from a bearish to potentially bullish market. Not to mention price is going from an ERL to an IRL, potentially.
Bullish next week.... then turning BEARISH. Price turned bullish after the bullish BOS. However, the bias turned bearish after the ERL, and the IRL is now sought. There was also the formation of a -BB and a -FVG. Should price return to it, the expectation is it will be respected, and price will head down from premium to discount prices.
With CPI Data coming Thursday, price may consolidated within the range of Friday's candle and the FVG, before coming down. IRL > ERL I am looking for price to go from an interior raid on LQ to an external raid on LQ. I'm also looking for bearish PD Arrays to be respected... like the -FVG price is currently in. But who knows what the news will bring.
Small finance Bank gives of weekly as well as 4 hour break out and we can see a very good level of 962 from Current lavel and Star Plus will be below 750 4 hour candle close
Jan 8th-12th 2024 Weekly Trade Setups See blue long trade 1. Long Play: C- Probability due to being counter swing and counter Internal. The main reason to trade this would be the trade has momentum more bullish than bearish. 2. This would be an investor trade. Very Long Term Entry Price: 1.08729 Stop Loss: 1.05789 Take Profit: 1.13105 or trail the trends and...
As price took higher liquidity, my focus would be to retrace lower before making a move higher, highlighted red as premium and green as discount, looking to see if nasdaq retrace back into the FVG highlighted in yellow, to officially see if it plays as an inversion FVG during the upcoming week.
Hello traders, We start the week with the price having filled and closed within the fair value gap on Friday. Although the general trend for the past weeks has been bearish, I see this as a retracement for the price to go up to 'Take profit' and capture more sell orders. I'll be glad to hear your sentiments. Leave a comment. Thank you.
This is my analysis of EU. It is best to avoid market right now and enjoy the holidays till mid Jan
Same Idea has EURUSD, but the daily fair value gap is more close.
OANDA:XAUUSD MARKET ANALYSIS AND COMMENTARY - WEEK 50 - 2023 (December 11 - December 15] This week, international gold prices soared to 2,144$ in the first session of the week, but then gradually decreased to 1,994$ and closed the week at 2.004$ International gold prices increased sharply earlier this week because the market expected the FED to cut interest...
Support and resistance shows a clear chance of bullish movement coming up for the upcoming week. I will be on the watch out for long positions! What do you think?
GBPCAD is at extreme supply zone, took out 1.72465 and liquidate 1.70845 i expect GBPCAD to drop on 1.70092 - 1.69562 demand zone
The liquidity taking at 1.08551 having a daily momentum candles creates the potential supply zone after rejecting from the weekly daily supply zone thus price might respect the zone to a target 1.08121 or 1.07596 - 1.06534 Demand zone.
Looking at the current structure it makes sense to look for sells in this market as it is at the peak of the mountain 🏆...this is my immediate response to the current market condition however I'm open to anything that could possibly happen..in the meantime I'm bearish unless my resistance can be violated then I'll consider looking for further buys to create a new high💯✈️✈️
The US Dollar maintained its positive tone throughout the first half of the day but changed course after the American opening. As a result, XAU/USD bounced from a fresh weekly low of $1,944.71 to trade above the $1,960 mark. Financial markets maintain cautious optimism amid hopes central banks are done with monetary tightening, despite policymakers insisting on...
The largest and most prosperous cement company of India- Ultratech Cement is expected to have more upside of 30-40% from current levels as the weekly wave counts suggest. To put it in very simple words without using too much of Elliot wave jargon, the next leg up is unfolding now which can be projected going somewhere closer to 9200.(the current wave structure...
Look at my Weekly analysis. Last weekly closed and traped buyers trader (for me) 8.10.2023 On Monday maybe a little bit up (Look at my lower analysis) and next will be running down. Structures On Daily, H4 is pretty Down