Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them...
GREAT BREAK RETEST, CONFIRMATION OF SELL PRICE FORMATIONS FOR A POSSIBLE CONTINUATION TO THE DOWNSIDE EVENING STAR
4H Chart Explanation: - Price is near the Resistance Zone. - Bearish Divergence on MACD. - If price breaks the Ascending Trendline, it has potential to move down towards the Middle Support Zone first and, then, towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them...
Use this as a guide to develop your own setup, and spot the most relevant technical zones on the chart Main items we see on the 4hs chart: a)Price made a Beartrap on the lower trendline of the weekly wedge pattern b)Currently, we can see a possible Flag Pattern on formation c)If the Flag pattern evolves as expected we should see a bullish movement towards the...
WE GET A NICE SNIPER ENTRY, NOW WE EXPECT TO GO LOWER TO REACT ON HEC LVL GOD BLESS U ALL
LETS SEE WHAT MM WILL DO WITH PRICE... GOD BLESS U ALL!
OANDA:EURJPY EURJPY is currently in a long-term exhaustion phase, from a strong bearish dominance. This means we are in a med-term bullish phase, meaning we are looking for bullish trades. Currently, price is travelling from crucial support to dynamic resistance. This trade is just a little piece in that long-term bullish puzzle. I will be watching price action...
Short EURCHF at 1.0860 area anticipating a break below the key weekly level. Open target but initially to the next major weekly level at around 1.0630. Stop will be trailed.
Gold, coming off a interesting key level here. Previous levels of resistance off the monthly chart. Federal Chairman speaks on lowering the alarms for a recessives period, this gives U.S markets strength and sends stocks for a rebound and the Dollar finds artificial strength. In correlation, precious metals become less appealing as a way to hedge inflation.
LEASE SEE CHART ANNOTATIONS HAVE A GOOD WEEK
Not a trade call. For now my stance is wait and see. The euro is pretty devalued and it could bottom here but who knows what monetary policy makers and big money movers have in mind? The channel is not precise or clean enough to warrant buying in my opinion. Risk Reward is not good enough, and since the people that move markets have not shown their hands, trading...
EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward. BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below. XA Retracement: 0.382 - 0.50 AB Retracement: 0.382 - 0.886 BC Projection: 1.618 - 2.618 XA Retracement: 0.886 The time...
EURUSD - Intraday - We look to Sell at 1.1000 (stop at 1.1030) 6 negative daily performances in succession. Selling posted in Asia. The trend of lower lows is located at 1.0931. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. We look to set shorts at our bespoke indicator level...
EURGBP - Intraday - We look to Buy at 0.9074 (stop at 0.9044) Posted Mixed Daily results for the last 7 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 0.9184. The 50% Fibonacci retracement is located at 0.9170 from 0.9324 to 0.9016. There is scope for mild selling at the open but losses should be limited....
Focus is again on Brexit with the UK House of Commons returning to session. It looks like we are heading for a snap election sooner than expected. Today there will be an emergency debate on a bill trying to force PM Johnson to ask and accept another Brexit extension until 31 January in case no deal is reached no later than at the EU summit 17-18 October. A...