Today's focus: US30 Pattern – Support point, descending triangle. Possible targets – Downside 31,840 Upside 31,160 Support – 33,033 Resistance – 33,705 Thanks for checking out today’s update. Today’s analysis is over the US30 daily as price sits around support in a descending triangle pattern. Yesterday price broke lower after buyers failed to beat Monday’s...
Today's focus GER30 Pattern – Range – diagonal consolidation pattern Possible targets – Upside, 15,985 – 16,160; Downside, 15,718 – 15,530 Support – 15,740 Resistance – 15,965 Hi, and thanks for looking at today's update. Our focus is on the GER30 as price sits in a range but has also formed a wedge/diagonal pattern that could signify movement to come. It's an...
Today's focus Gold Pattern – support hold Possible targets – 2035 Support – 2007 Resistance –2016.50 (4H) 2034.50 - 2050 Hi traders. Thanks for checking out our latest update. Today we are looking at Gold and running over a few of the points we are watching price-wise that could suggest a new move higher. Price Is trying to clear some 4H resistance and has...
Hi traders, this is just a general observation, not a trade idea. Tonight we noticed that the US30 has started to fade at a previous level of resistance. With the Core PCE to come, could an expected jump to the upside add to the small seller momentum we are starting to see? This week we have seen some decent buying so far, but could today’s action be a small...
Are oil sellers gearing up for a push lower? Hi traders. Thanks for tuning in for today's update. After yesterday's fade, oil sellers remain in control today. Today's video looks at the last several day's price action with a focus on yesterday's and today's selling. Was yesterday's fade a warning that we could see a new test lower by sellers? The main...
Welcome to 2023 traders. We hope everyone had a lovely holiday period. On the first trading day of the year, gold buyers are setting the tone with a new breakout and setting up a new trend continuation. Risk markets continue to trade mixed with some gains on stock futures while major risk currencies are trading lower to the USD and sharply lower to the...
What a start to the week and month we are seeing so far, traders. So far, buyers have added 5.52% to the US30, taking prices back to levels not seen since last month. Yes, it is great to see, but should we start thinking bottom? The UN is warning that we could see a global recession, with developing nations possibly seeing the brunt of the hurt. JP Morgan is...
Hi, and welcome to today’s update. In today’s video update, we’re looking at the US30 and wondering if today’s CPI could break the consolidation deadlock we are currently seeing price sitting in. Price continues to be held in an ascending triangle pattern, and in uptrends, these are typically seen as continuation patterns. We can clearly see that price remains...
Hello TradingView community, today’s video update is more to highlight an area as opposed to looking out for a potential set-up. Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made. This area, for...
Heavy seller pressure coming in at the current level we are standing right now. All the way back to 2011'. We can clearly aim for a correction at the .618 fib. Closing some nice 700 pip move
FOMC will release its latest interest rate decision tomorrow with 25 basis points cut as market consensus. On EURUSD daily chart, price has shown sign of strength confirming support at 1.1100 level. . Wyckoff Trading Room --- www.22s.com
Gold has broken out of a 5-year's consolidation on the monthly chart. After a tight consolidation of last week, price is ready to push higher again since a firm close above 1500 yesterday.
UK Parliament delayed the Brexit date to 31 January 2020. Uncertainty still hovering in the UK sky. GBPUSD fell accordingly not just today but further weakness may be due in the coming days.
Was able to catch a pretty nice move on the NQ100 today and called it a day 21 mins after the market open. Relatively happy with the overall performance. Let me know if you have any questions and if there's a specific topic you'd like to have covered on the next video :) Enjoy the video! You can view the broker statements in the link below: www.mql5.com ...
If only every single trading day was like this one. 15 minutes in and I was able to call it a day. A very nice follow through right as I entered the trade, the market never looked in the opposite direction. The thing I have to improve on is when I'm scaling out to maybe leave the last portion run a little more instead of setting a "hard target". Hope you...
Hey everyone, Today was probably a day that I shouldn't have taken any trades. Seeing as how it's Labour Day across many countries in Europe it seem like it translated onto the FTSE100 as well even though it wasn't a holiday in the UK. Nevertheless, the thesis for the proved to be right was just caught in a choppy market/ Hope you enjoy the video! :) Broker...
AUDJPY currency pair appears to be locked in an indecisive range between 79.606 & 77.753 cluster zones. Our outlook is neutral at the moment but might provide opportunities for range traders. Current price action warrants further observation in candle behavior as a daily close that completely engulfs previous day's candle (reverse hanging man) or a daily close...
The AUDUSD is tracing out what appears to be the finishing stages of a downward move. Downward momentum appears to be finishing and our bias is largely bullish for the pair. However current downward move could still stretch to as low as 0.70191/0.70137 cluster zone. At this zone we expect to see strong buy orders enter the market if not before. However, the...