Reading price action we can see that USDJPY has shifted up in momentum creating higher highs and higher lows. The price has now broken previous areas of interest and is now testing as new support. Reading the structure we can see the price is creating an inverted head and shoulders in confluence with a flag formation. Notice how the price has failed to break this...
Goodmorning traders, Im looking for potential longs on EURUSD after the Break on a Bearish structure. Price also found support on higher timeframe Bullish trend and made a SWL on the 4H timeframe. Daily SWL could be forming today. Keep in Mind that price is now rejecting a Bearish trendline. For me still enough probability that Longs could work. If you dont...
This is my daily chart view. I think price will find resistance zone before making a decision.
UPDATE: WC0206 GBPJPY Outlook: Still long until DTF LL is broken MTF Analysis Check annotations in the anchored notes for M-W-D-H4-H1 analysis. I've updated GJ's outlook for this week from the last one published in January -- specifically the Weekly Anchored Note Weekly Timeframe Outlook Sun,1/22/23 - Bearish downtrend UPDATE: Mon, 2/6/23 1. WC 30 Jan...
Hello, Traders I hope you are well and safe. Today am discussing #ETHUSD For Short. Here is a Full Analysis of #ETHUSD. When the price Test Supply Area then the Nice opportunity for short. If you have any queries then leave a comment. Thank you
Intraday Analysis - ( 2 FEB 2023 ) GOLD ANALYSIS AFTER FOMC The feds decided to go as per forecasted and raise a 25bps which was a slow down in rate hikes for months to come now. In a live weekly recap session i did mention a 25 bps will cause a rally across all risk assets, including commodities and crypto and the stock market. The fundamental sentiment has not...
Evening Traders, Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible, Points to consider, - Price action impulsive - POC S/R Support - Daily S/R Support - .618 Fibonacci Confluence - Psfp Confluence EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support...
Gold took a melt down of about 200 pips from the double top formed at 1948-1950 region. Shorts were planned out as per analysis below 1934 key level backed with fundamental data released yesterday. Despite the melt down as shown yesterday with very strong GDP data, there is still no confirmations of market shift. All time frame shows no shift in structure and will...
Looking at gold to do pullbacks to retest higher highs again. Nice hourly double top sells if you caught it , break of neckline retest sells still valid. However keeping in mind the bullish sentiment of GOLD and the weakness of DXY has not change at all. Hence i will be looking for intraday to swing buys up for gold to the 1958-1960 region which has been expected...
we might be looking for some buys at the demand zone, then we might trade it to the supply zone, and from there we might look for shorts on the supply zone
DOGE trade update Partials were taken out as stated with stops at breakeven when price tapped into the minor resistance as shown above. First position was closed out at breakeven leaving my second position running now. However, if you want to bag the profits please do so as we are heading into the end of the year whereby it's not an ideal time to be trading....
looking at longs because of multiple confluences but anyways target just below 1.84 we'll see what happens.
A break of bearish trendline signify a shift in direction for gold. A minor retest whereby we can see another BOS in line with a minor fib retracement with entries taken on the lower timeframe. Looking at intraday high to be taken out. Potential intraday / swing trade on gold to the upside.
Nice little swing trade on EU here. Could take some time, may not. SL highlighted just under the boxed zone, TP at the base of the highlighted box above. Higher lows consistently being made, and this is based on H4 higher low + bullish retracement on daily before another continuation of bearish cycle. EU SLs are around 1.0200 zone. TRADING IDEA --- NOT AN...
Bullish bias on SANDUSD - adapting to bullish fundamentals in crypto market due to the recent cpi data release and fed pivot - bull flag market structure form on the 4hr timeframe. - Price showing rejections at key support on the very high timeframe Trade safe and enter upon confirmations like a break and retest of market structure
We may have spotted a double bottom with a regular flat elliott wave setting up here. Price could retest wave "B" anywhere between 50 to 100%. We have our targets and stop loss set. Let's see what happens. If price does form a double top, we will take another look to see what may come next.
The main reason im bullish at this moment is due to there being potential bullish rsi divegence between the rsi having a double bottom with there being a lower low in recent price action. I believe that we have just finished a "abc" wave pattern and may be ready for a retes of the "b" wave anywhere between 61 -100 percent. Which would create a double top. I this...
Potential Double Bottom where the blue dots are. Last time price was overbought on the RSI and Mac D, price was around $112.55 ish. The RSI may be creating a Bullish Divergence if the double bottom holds and we create a higher low on the DXY. Last time there was a crossover and the Mac D was on top was near 113.94ish. Let's see if price tests any of the recent highs.