1.We have broken ranging structures to the upside 2.We see continuation of the uptrend 3.Market creating new higher highs and higher lows 4.We wait for loss of intent to the downside then together with bullish confluences take the opportunity when it comes.
With NFP Approaching tomorrow the markets have been slowly losing momentum and some liquidity taking should be expected Daily structures don't seem to be broken aggressively Taking a patient look at what happens today at New York open
This set-up shaping up so good . We noticed that we have been in a down trend Monday we had a push up phase however I noticed on the chart there has been a loss of intent to the upside furthermore with the dollar weekly chart signalling upside movement it is clear to see why this is stalling at resistance point. Confluences so far Lower highs and lower lows are...
I Expect to see some futher continuation to the downside let's look at the reasons why. Confluences ×Market is failing to make new higher highs nor is it creating any higher lows so it means there's a short-term loss of intent for price to roll up. ×On daily structure we currently didn't manage to close above previous lower low point ×we in a down trending market...
After a surge impulse move up yesterday we seeing the market slowed down now taking liquidity in my opinion it would be best to to execute any trades till we get a break of structures retest moreover some major confluences into our pot and top it of with continuation candlestick patterns for now we waiting while liquidity is been taken out
We saw huge rally down i am personally expecting a rest of previous structures before New york . Should the market fail to create lower highs we shall adapt to the movements
Still undecided on the dollar as the weekly broke higher however we would need to see more on lower intraday timeframes confluences like higher highs and higher lows ahead on nfp we should see slow movement as well to try trap traders
Off simple demand and supply we saw the market slow down in it's movement down moreover witnessed bullish confluences now for a potential impulse up to new highs
Here same insight the market broke ranging structures over the Asian session we should see a pullback complete before handing over our buy orders
Corrective move to the downside Failing to break structures Failing to create lower lows Huge clear-off expected
Simple technical analysis market impulse up created new higher highs on the hour timeframe then we seeing price failed to break it's previous high with it also losing intent to go up sharping up for a little 1:1 risk ratio trade
Many of us are not willing to do what it takes.
This is my take on Nas100 for the upcoming week. Kindly look at higher timeframes as a better reference to understand this analysis. Price is looking to form a double top on the 4 hr chart. IF price fails to exceed that d]level then this short has a high probability of reaching the target. Follow Me on Instagram: @forexmachers_za for more analysis on Nasdaq.
Short idea, for me price needs to go lower ( green box ) and remember gaps ( 1.08 ) Always fill. if the pair reach this level i will look for longs at first but if we have a break and retest of the gap i will short for a further drop ( 1.06 level ). If you want to see my entry join our channel for free trade ideas.
From the daily chart we can determine that 1.1748 is a major level. Fibonacci from the last swing high puts this level on a 0.618 level, which further confirms my assertion. Now looking at the 4 hour chart we can see that the possible landing of the price on our major level, sits really well with the trend line drawn from a couple of periods before. This all...
BitCrystals (BCY) has been going down since it reached all time high back in September 2016. Now that it broke-out of a downtrend for more than a year, the potential is huge. An entire year is a lot of time going down, just this one signal can be enough for a long hold trade. But there is more, much more. Let's look at the trade instructions first and then we can...
Pair: XAU/USD S View: 4H Time: 07.26am Observation: This pair formed a new lower low having broken through previous support which was tested twice and after and evening start pattern formation. 1D view is also in favour of a short. I will short this pair and target 1240.74 then 1222.31 and SL 1276.52. Risk/Reward is 1.4. Feel free to comment! Follow my...