This is what we've been waiting for - GBPNZD breaches a key 2.08~ weekly level. Last week's close signalled price holding above said level. It's great to see strength during this week's open. I believe this is a sign of further strength to be expected on the upside.
Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength. Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears...
Quick 20 handles ($800) in under 20 mins. That's many peoples weekly wage!
Good afternoon traders! Welcome to a new trading week. After about a 3-week drop in #CADJPY, we've seen a nice bounce around the important 109.000 area. I'm long just under 109.200. Friday's price closed up above the 110.000 level and I'm expecting more upside this week. The close above 110.000 also provided me with a second buy entry. This week will be an...
EURUSD retraced higher to 4H FVG 50% level and was rejected from there breaking lower through breaker block and creating bearish FVG. This indicates that EURUSD is weak in line with USD strength from last week. I will wait for retrace and sell near the breaker low to go for RR 1:2,5
With interest rates on everyone's minds this week, I am expecting high volatility every day starting from Tuesday going into the end of the week. Thursday is the big day with 17 red folders and 4 gold folders (high & medium impact news) so expect hailstones from either side. Many will make millions Many will be liquidated Contrary of the fact that Mondays price...
With 7 daily bearish candles, how many people are currently betting a retracement will occur? That's the question I ask myself when I study recent and current price action. 118 is unfinished business for short sellers with 117 also in the cards if 118 does not show signs of respect. This goes in line with my bullish bias for US10Y. My philosophy is...
4.329% - 4.354% is unfinished business! A healthy retracement to 4.200% is not ruled out and would be considered as 'healthy' as price action would still be in a premium. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure -...
Detailed trading plan for USDJPY. Price action analysis & key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Nothing much to say just some simple supply and demand rule followed according to the chart. Expecting a more move to the downside from that sell zone.
BOJ releasing the the interest rates decision on March 19. The CHF Futures (6S) prices are in a trading range, and by other side the JPY Futures (6J) making a gap Thu to Fri. This chart show a huge probability of a short position for the pair, after confirmation of a breakout.
Price formed a double top at weekly resistance, looking at the daily timeframe price closed and rejected daily 1.08950 so there is high probability to see price drop at this level. I will be looking to sell at current price as an aggressive entry and setting my stop loss above Friday's high. trade type: swing/intra-day
Short term down trend with confluence off key levels and candlestick analysis.
Weekly Bullish, Daily bearish and 4hr bearish Waiting for a daily rejection to enter
The Dollar Index is nearing a key resistance range of 103.81 - 103.61, and how the price reacts in this area will dictate its future direction. 📈A breakout above this range and a 4-hour candle closing above it would confirm a long-term bullish trend and likely lead to a bullish rally. 📉On the other hand, if the price fails to break above the resistance level,...
QQQ is showing signs of distribution on daily with 3 days out of 14 with higher counts above MA. Has a lower low candle. Usually will confirmed if it matches a higher low next or it tank further. Cash!
Thinking of a possible trend shift. Added my thoughts to this video mostly to show myself what I missed today CME_MINI:NQ1!
Be highly cautious because distribution can be seen with a gravestone candle and much higher volume. The probability of a major correction is in the cards as Bitcoin is now retracing a well.