Bearish throughout the week with the daily order block being met on the 29th, one day before good Friday before retracing to the upside. Due to the sentiment being overall bearish, many retail traders would be inclined to go with the notion that 'trend is your friend' and short the market whilst placing their stop loss above recent highs, causing smart money to...
Rangebound price action throughout the week with hourly buyside and sellside pending to be tested. 1.26546 intraday buyside liquidity is a premium area in price which cable is most likely to run to, especially if dollar is to continue to sell-off into the daily fair value gap @ 104.144. Hourly order block @ 1.26146 has been respected from Thursday throughout....
We kept it short and sweet last week and my short term projections delivered just before reversing to current price now @ 40,140. YM trading back into the median of the weekly range is still considered as a healthy retracement in a overll bull market. It's also in-line with ES short term shorts. My philosophy is simple... Fortify Michael J Huddlestone's...
Unlike ES, I will be analysing the daily timeframe as NQ and YM are used to create my intermarket relationships between the indexes to trade ES only. SMT Divergence is a good strategy to use if only analysing ES, YM and NQ alongside DXY. Throughout the week has been slow and choppy with liquidity void being filled but we are still in a premium. A minor...
Market Structure Bullish on HTF Weekly Rejection at AOI Strong Weekly Support Level Daily Rejection at AOI Previous Daily Structure Point Around Psychological Level 0.85500 Daily EMA Retest H4 EMA Retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is...
Structure is Bullish on HTF Weekly and Daily in the same AOI Weekly EMA Retest Weekly Rejection at AOI Daily Rejection at AOI Around Psychological Level 0.89000 REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash,...
Structure Bearish On HTF Weekly and Daily at same AOI Weekly Rejection At AOI A lot of Seller's Momentum in the Market Daily Rejection At AOI H4 EMA Retest 65% +2 REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash,...
Market Structure Bearish on Higher Time Frames Weekly and Daily At same AOI Strong Seller's Rejection on the Weekly Weekly Rejection at AOI Previous Weekly Structure Point Daily Structure Point Daily Rejection at AOI Around Psychological Level 1.35500 H4 EMA Rejection 100% +2 REMEMBER: Trading is a Game Of Probability : Manage Your Risk ...
Thursday 28th, 15:45pm candle started the shift in market structure to the downside on a short-term basis and with buyside being tested, the hourly sellside is prone to be attacked next @ 5301.50 - 5301 Taking ES one step at a time as there is a chance for the daily buyside located at 5323 to be swept so I will be updating this post throughout the week. My...
Similar to bonds, Monday was the day that printed a bullish order block whilst the following days leading into the close for this week @ 104.672. We have been bullish from the 8th March 2024 with the psychological number 105 being in the cards. I will not be fading the possibility of a minor retracement to the daily fair value gap located at...
After Monday's sell-off, bonds continued to trickle higher, running through the weekly highs @ 120.06 closing for the week @120.14. Last week, I set out two bullish projections; 120.08 being T1 and 121.01 (now updated to 121.02) for T2. This weeks first target is 121.02 with a possibility for a continued bullish run up to the daily liquidity void starting from...
Nifty in a mild resistance zone after making a new ATH. After making a new ATH at 22529.95. As it did not close successfully above the previous all time high that is 22526 it has become a mild resistance. Momentum is good for it to make a new ATH tomorrow but the resistance may act again if it is not a gap up opening above the same level. In case of Nifty not able...
In the “Alt-coin market preparing for a 10x move” idea (below) it was written: “A word of warning. The uptrend will not be equal across all alt-tokens” MATIC, ALGO, LTC to name a few.. as expected not all legacy projects are enjoying the multiple x gains so many in the space have seen. Ethereum has currently printed a 78% return on the dollar pair since the...
This is a continuation of a previous idea with the Dots as milestones or projections as price targets in time. This time 2 rectangles are added for representation of potential support/resistance levels, or zones of influence in case of consolidation, especially at the red one, in case the price even touches it. For better understanding the concept, the linked...
The month of March starts with the bullish momentum from the previous month Feb 2024. February closed with strength while creating a new ATH which I expect March to breach with ease. I will like to note: Monthly candle started on Friday March 1.2024 This is only of importance for the next sessions of intraday. Weekly candle has not closed yet. I will add...
USDCHF looks quite overbought after a test of a key daily horizontal resistance. As a confirmation, the price formed a double top pattern on a 4H time frame and violated its neckline. I think that the pair may test 0.8993 level soon. ❤️Please, support my work with like, thank you!❤️
You may have seen our last update on USDJPY. An insight most traders don't know, USDJPY is negatively corelated to XAUUSD. (Since GOLD +corelated =Yen). Hence our weekly analysis of GOLD may go long until our Upside Extension level 161.8%. WHAT DO YOU THINK?
Welcome to the Friends Trading Floor, Here, I'll share my key support levels with XAUUSD for the upcoming trading days. and this prediction starts on the coming new trading day (04.04.2024). Below are the key support levels based on the 1-hour time frame. and HTF candlesticks should respond to these levels. If the price disrespects those levels, we will try to...