Although Cable and Euro work hand in hand, Cable broke intermediate term highs whilst Euro closed out by the weekly bearish order block, indicating some form of a pullback going into next weeks trading. 1.08969 is a short term target i expect Euro to trade down into. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...
In comparison to the equities market, GBPUSD has been on a tear for the last few days with no sign of pulling back in sight. But with that being said, a short term retracement back into the weekly bearish order block (acting like a inverted OB) would still be considered to be healthy in the grand scale of the bullish buy programme that started in Oct 23. Looking...
YM has been frontrunning the market, with all-time highs printing on the 23rd of Feb 24 and this Fridays close being a short term high @$39,008. $38,399 is where my interest is drawn to with $38,323 being the intermediate EQ which I aim to target. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict...
For 10 days, price action for NQ1! has been relatively rangebound with Friday wicking through $18,372.75 all time highs but closing at the $18,040 weekly bullish order block. $17825.75 is my next short term target with $17,600 being the next take profit target if we are to continue the decline. My philosophy is simple... Fortify Michael J Huddlestone's...
Friday confirmed my weekly bias but I could have easily been wrong. 5090.50 is in the cards for next weeks trading as long as dollar lines up with running short term highs @ 103.20 5066.50 would be the next area of profit taking but NQ is frontrunning the market so far. 5170 zone is the optimal area in which capitalising on shorts for me would be...
Going hand in hand with my bias with bonds and yields, I am expecting some form of pullback up to the 103.20 region. Last weeks projection was to see Dollar trade to and through 103.463 which was met. The thoughts I had then was how far into a discount could we go and we closed the week @ 102.741 102.358 is the 1-hour short term sellside which I will keep an eye...
There is usually a very tight correlation between the bonds market and the yields but what we have seen especially on Friday is price action moving in tandem to each other. Yields closed bearish whilst Bonds had a shift in market structure whilst closing bearish on the Friday which indicates something will give soon! 121.02 was my expectation for this weeks...
This week was a waterfall. Next week will be the week of short seller payback! A continuation of yields trading @ CE; 4.046%, even sweeping Sellside liquidity @ 4.038% is still a possibility but for the past 4 days, the sentiment is more weighted to the downside rather than the upside, with the lowest displacement NWOG being my last line of defence @...
A potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry. Reasons are listed below : The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength. A hammer candlestick formation on the weekly timeframe signals a...
BTC has now started respecting bearish FVGs on the 4h time frame. As such, the next major buy for BTC reversals should be somewhere under 60k for the time being. Happy trading!
Continuation of trend!! Market Structure Bullish on HTF (Weekly Daily H4) Weekly Rejection at AOI Previous Weekly Structure Point Weekly And Daily At same AOI Daily Rejection from AOI H4 EMA retest Around psychological Level 1.47000 Entry At H4 HL Point 90% +3 REMEMBER: Trading is a Game Of Probability : Manage Your Risk ...
(1h timeframe) DETAILS: after a strong uptrend the price made all time high , at the daily time frame we can see at the top (at the all time high) evening star (bearish reversal candlestick pattern) . The price entered in a strong support and resistance lines (the two yellow ones) , I noticed that the price made inverse cup and handle pattern and broke with big...
Now we have head and shoulders forming in 1hr and by looks of it NY session open rejected at prev BISI on 5 mins. Break of the neck could lead to potential return to 1.28 minimum. NYM Index came out negative for USD, hence looking for more buys today.
-Previous Day candle closed Bearish. If we are looking for buys we will take on until 21st may 15 daily resistance . - If we are looking for sells we take on until 28th march 03 daily support - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above...
The last week kicked off with bears challenging the previous week's low (505), coming close to success. Bulls stepped in, mounting a strong defense and steering prices back to a historical high. It might have been a convincing victory if only they could have sustained it until Friday's closure, but that didn't materialize. Friday concluded on a bearish note,...
Last week, I manually closed my gold shorts at a profit and switched to a long position. I also updated that chart to reflect this change. This weekly gold chart appears ready for a move, and I believe it will likely reach the 2080 area before fluctuating and eventually moving higher. (2185) However, let's focus on this initial move before reassessing.
1. Entry Taken During London Session. 2. 20 pip Rejection to the Downside indicating short term push to the Upside. 3. Sellers who got in Early got trapped as It was a liquidity Grab.
AUDCHF formed a nice double bottom, retesting a recently broken horizontal resistance. I expect a further growth on the pair now. Next goal - 0.5835 ❤️Please, support my work with like, thank you!❤️