I approached the charts fresh out of the shower. I got in at 9:20 AM NY Time and got to the computer around 9:40 AM NY time. But anyway, I saw on the weekly that we were slowly rejecting lows. So, that means if I saw either a shift in structure or a change in the state of delivery, aka a break above an OB that has taken liquidity to go higher on the 4H or 1H,...
Long into post-Halving breakout coming out of oversold condition on Daily/Weekly timescale
Interest rate bull and bear markets can run for many years before they change direction. Currently the yield curve is the lowest it has ever been and is still declining. The long term charts above are strongly suggesting that the bear market in interest rates ended during the pandemic crash low in 2020 after 39 years of decline. This will have major...
The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly revised 0.2% gain in February and shy of the market estimate of...
If we have cooling PMI, NMI, and employment data for the USD, the potential scenario would be to buy GBPUSD, for the week the SL and TP parameters with a 25% probability of touching SL if data shows growth again, and a Tp with 65% chance of being hit if US data shows cooling.
We note that the pound/dollar is in the stage of forming corrective wave 4 We can enter into a sell deal from 1.25 levels and target 1.242 levels The second phase A buy deal from 1.242 levels and we target 1.261 levels The third stage (main goal) is the beginning of wave 5 Entering a sell deal at levels 1.261. Targets are not specified
Alphabet Inc. (Class C) shares have displayed a notable trend and volatility that provide a rich ground for technical analysis. Based on a detailed examination of various technical indicators, candlestick patterns, and moving averages, this report aims to provide potential trading insights and speculative price targets for both short-term and long-term...
On the weekly timeframe these are my potential price paths leading up to and beyond the all important halving. Using the volume profile indicator, it's possible to see where the highest volume areas are during the way down from the 69k all time high. These areas are where price will usually reach congestion where large orders are being defend and or added to in...
Hey Tradingview. As my posts have really become sparse, I tend to only write when something pretty significant occurs. Right now, Bitcoin has made it all the way from $15.5k, back up close to its all-time-high from 2021. That's a pretty substantial feat. What it proves is that if a thing exists that can make money, people will buy it. Even if I write a...
This is my first post in some time. As I stated before, I'm largely moving on from crypto. I'm still here, paying attention to the market. I've also created a site for my fiction writing. Eventually, I may migrate some of these posts over there as representations of my non-fiction speculative market analysis. Anyway, on to the important stuff. Bitcoin did not...
How the market will respond when the company releases the result lets see.. Adani Wilmar released the result...
source: EUROSTAT The inflation rate in the Euro Area declined to 2.9% year-on-year in October 2023, reaching its lowest level since July 2021 and falling slightly below the market consensus of 3.1% . Meanwhile, The Core Rate, which filters out volatile food and energy prices, also cooled to 4.2% in October; marking its lowest point since July 2022. However,...
I should say potential trade let me check the market at 8am and get back to you guys but look for a+ setups here a lot of nice news from institutions like ANZ (Australian Big Bank) saying we could see a push to the upside :) (2500)
This Trade was taken as net positions hit the highest amount this year at 16/4/2024 we had the highest positions in a 26 week period at -78,835 net positions, this was followed by a price action signal for a short trade. please know at this current time, We had a very dry season in Brazil and in vietnam which caused a massive price spike through out all year....
The Federal Reserve's monetary policy meeting is expected to maintain interest rates at 5.25%-5.5%. Federal Reserve Chairman Jerome Powell's speech on Wednesday will provide more clues on expectations for a rate cut. Traders have scaled back bets on the Federal Reserve cutting interest rates this year as recent U.S. economic data has been stronger than expected...
Overview The British Pound (GBP) against the U.S. Dollar (USD) presents a complex interplay of indicators suggesting both bearish and bullish undertones in the short to medium term. Detailed examination of key technical elements from multiple timeframes provides insights into potential market movements and strategic trading positions. Ichimoku Cloud...
We got some nice sell entries yesterday on US 100 since we've taken out the buyside liquidity (red line). Participated in sells myself and managed to grab my fair share of profits and letting the market go its way once the trade was done Entry 17590 TP 17553 SL 17616 As long as we do not reclaim the yellow box and hold we should expect further selling. Will...
Price has now filled the gap from last week, also there is imbalance from last night’s market close. It will be filling this shortly Fundamentally GBP was already on a bullish run so trading with the trend