OANDA:GBPJPY GBP/JPY retreats from intraday highs as it struggles to defend its first daily gain in four hours in the early London open hours on Monday, paying slightly near 181.00 by press time. With this, the GBP/JPY pair breaks through the 21-day Exponential Moving Average (EMA) barrier around 181.30. That said, bearish MACD signals and concerns about UK...
OANDA:USDJPY USD/JPY raises bids to reverse early-day losses around 139.50 in the first hour of Thursday's European session. The Yen pair justifies the recent bearish macros, as well as the news, around Japan while not cheering for US Dollar weakness amid a sluggish trading day so far. That said, the Japanese government recently announced a downward revision of...
OANDA:EURUSD 24-Hour View: Yesterday, we noted that “current price action could be part of a consolidation phase” and we expect EUR to trade sideways between 1, 1190 to 1.1250. Our view on sideways trading is not wrong, although EUR trades in a narrower-than-expected range (1.1202/1.12448). We continue to expect EUR to trade sideways. However, the underlying...
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Good morning, One month to go until Litecoin Halving. Since the beginning of the year, we have been constantly moving between the daily EMA 200 (white) and the EMA 800 (purple). At the time of this idea, we are back below the EMA 200 and all of our EMAs have flattened out. With such news events, existing resistances and old liquidity zones can usually be...
Please if you found this helpful, kindly give me a like, follow and let us discuss it in the comment section. First lets us wait for the correction to complete in order to get clear direction. The market price needs to test around 1.07839, and 0.07650 to form a clear bullish trend. We have ABCD already, but let us wait for wave E completion. After E wave we should...
Good morning to the London Session! Enclosed is my plan for the next few hours. If we see the pullback to the start of London, I think the marked mark is a considered entry. SL can be placed above the liquidity zone above us. Target is the EMA800 15m TF. Idea is invalid should we visit EMA800 first without seeing a pullback first. Have a nice weekend!
It's been a long time since I took a look at the Forex market, so I'll start with our Euro against the USD. If truth be told, I haven't missed much since 3 months ago. As the title says, as see a PingPong game of the EMA 200 and 800 or in other words: It is nothing more than a range. This leads to the simple idea to trade the Reaction. In fact, currently we...
Bearish building up for USD/JPY. All traders should look for a sell position. Goodluck
Market makers require a substantial amount of funds to facilitate the trading activities of retail traders by placing buy and sell orders, thereby ensuring liquidity. However, there are instances when market makers themselves need liquidity to execute their own orders for profitable trading. To acquire the necessary funds, they may have to halt or liquidate a...
Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear...
I am still waiting for the wave Elliot. But despite this unfortunate delay, here is my HTF chart as of today Saturday 29th 2023. A quick run down on what the general idea for what I think will happen: Price will stay under 4500 topping out. Buyside will be taken and we will start another bear run to Sellside. Anything after that is beyond me as of now...
I am still waiting for the wave Elliot. But despite this unfortunate delay, here is my HTF chart as of today Saturday 29th 2023.
I have my support lv in to see what direction BTC will go, will we dip to 25k or pump to 30k 35k? Time will tell and it looks like it's heading down, but this could be a fake move. Smart money waist for it and yet scared money can't make profits sitting stable. I am going to wait to see what support holds or fails. God speed.
as you can see here , i was short on BTC , but it touched my SL before hitting my target . but why ? as u may have already figured out , it was because i used the wrong order block . now i'm going to introduce my IDEAL ORDER BLOCK that can work not only in crypto , but in all markets . an order block is a zone which has a high chance of price retesting...
What this MM move today, fake move Monday for a bounce to 27900-31000
Bullish sentiment sees DJIA shifting into the higher 33000s. The overall market sentiment for the top 30, is exceptionally bullish. Market Makers will drive prices down fuelled by stops and relatively quickly at that. Looking deeper, we find that lower timeframes suggest a move to the upside, however, the larger timeframes point to a retest of early...