so i know a lot of you was scared based on the NFP data that came out and we experience a fakeout. But I am still holding on my thesis that we could see Gold retrace lower as explained in this post Video explanation Follow me for more breakdown
I will look all the yen pair based on my analysis on usdjpy. As USD/JPY has higher interest differential compared to eur/jpy ,so it would follow similar pattern. this is the usd/jpy analysis So I think there is an opportunity to get into the countertrend setup to the level of resistance before we analyze for short!! Follow me for another Setup
I have analyzed why USD/JPY is repeating a similar pattern from 2022, and it's likely that we could see the same reaction. Please watch the video and share your thoughts. Follow for more breakdown!!
All that I talked about last week is on the links below you can now have a broader perspective on a weekly to weekly basis on how I view the market NOTE: always manage your risk. Take it slow don't rush! Thank you and Please Follow
Based on last week's analysis we talk about GBP/USD We expect similar move to occur. watch the video to understand my perspective Thank you! Please follow for more breakdowns!
Based on the market structure we see price broke the daily consolidation and now price is retracing to the neckline zone which come in confluence with the trendline of the lower highs So I think its a very nice calculated risk with multiple confluence of trendline in H4 and fib level plus the neckline of the consolidation STOP LOSS IS ABOVE THE POC LEVEL OF ...
Please like , comment and follow for more breakdown
Based on previous post i talked about how eurusd has broken. the head and shoulder neckline and price is now retresting the neckline has resistance, still the interest rate is neutral which mean dollar will gain liquidity cause of the interest rate differential so we see price respecting the 31.8% fib level which is also in confluence with the POC level of...
I just broke down the anlysis on gold for those who don't like to watch video this is a quick recap. Gold market cycle 2020 --> Gold repeated the same move with curved formation, before a massive drop --> Gold was at its all-time high at 2020 similar to now --> Gold has reaccumulation phase in 2020 similar like what is happening with the third leg formation...
So this are my 2020 analysis on gold hope you also watch them it will help you understand my perspective on the market!! 2020 chart analysis More pattern repeating
As are currently seeing price of ethereum dropping as bitcoin sucks liquidity from all altcoin and driving the bitcoin dominance higher as a result we have seen in previous cycle that once we see a breakdown of the ETH/BTC pair most altcoin will bleed heavily. so I expect on a probability view that price will retrace lower during the next few month before the...
As I explain before on my previous analysis on Bonk, i see liquidity going to BITCOIN, hence all altcoin will bleed to downside Market structure also is in confluence with our technical breakdown of the POC level, Price was drowned into the the point of control level and got rejected we could see price drop from there just like other pairs Follow me for more...
The Key factor to watch is bitcoin dominance , we see ETH/BTC pair as broken down which give the flow of liquidity to bitcoin! hence all the altcoin will dry up in liquidity which will make the price of those token drop and we seeing a similar thing when you look at the meme coin king DOGECOIN BONK CHART Looks very similar to shiba inu, price which has...
This was a wonderful trade setup on shorting bitcoin, this was the analysis few weeks ago! We might see a slight pull back from here, or we can see another meltdown cause of weakness !! keep an eye on that level! thank you and follow me for more analysis
Thank you for watching please follow me and support my channel www.tradingview.com
Based on H4 and H1 structure price action is till making an uptrend , maintaining structure of the counter trend and holding the support area of H1, risk is relatively low as price as tight stop loss of 30 pips NOTE; Key area to watch is the last week high cause of price reject the head and should partner but I think price could break it cause of liquidity grab...
Structure to the upside is still be maintained, the only thing I will cation everyone is to look at any fundamental news especially interest rate that will make the dollar stronger. despite that I see we should slowly continue to the upside before retracing below. Follow for more and crazy breakdonws
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis