On the weekly timeframe, we have a sideways market. The current short-term trend vector is 5-6
If the price returns to 197.95 now and if the seller defends this level, then we can look for a short with a target of 178.55."
This is what we've been waiting for - GBPNZD breaches a key 2.08~ weekly level. Last week's close signalled price holding above said level. It's great to see strength during this week's open. I believe this is a sign of further strength to be expected on the upside.
The alt-token market offers some interesting opportunities following retail capitulations. At this moment there is a handful of plays that generally exist under the $100m market capital evaluations. It is worth noting some of my best first long exposure to alt-tokens were below this market cap. That includes MATIC (idea at bottom), and Solana, and Cardano. How was...
Just an update on the pair...Looks like price is respecting our HL area hopefully preparing to break the LL areas..Currently have positions open on those levels (Trade 3)
In this live trading session video,we look at current live open and closed positions on BRENT,GBPUSD and EURUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
Quick 20 handles ($800) in under 20 mins. That's many peoples weekly wage!
NZDCAD broke and closed below a key daily structure support. After a breakout, the price retested a broken zone and formed a symmetrical triangle on an hourly time frame. The support of a triangle was broken. It is a strong intraday bearish confirmation. I expect a bearish movement to 0.8225 ❤️Please, support my work with like, thank you!❤️
This is my Intraday analysis on EURUSD for 18 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Continuation Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...
** Swing trade opportunity ** On the above daily chart price action has enjoyed a 40% move despite the calls from camp bear. A number of reasons now exist to be short, including: 1) A sell signal prints (not shown). 2) Regular bearish divergence. 3) Failed MFI support. 4) Stochastic RSI crosses down 80. Look left for what happens next (blue circles) Lastly,...
Are you hungry for a potential investment opportunity? Look no further than McDonald's ( NYSE:MCD ). Despite a recent drop from its high of around $300, this fast-food giant is showing signs of being undervalued on the daily timeframe. But what does that mean for you? Let's break it down. First off, what's with all this talk about bullish trends? Think of it...
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price had printed a swing BOS and subsequently a bullish iBOS. Swing range confirmed. Price has now printed a bearish iBOS to confirm swing pullback has initiated and is underway. Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are...
This trade embodies the essence of Mark Minervini's championship trading style, focusing on bullish breakout trades. Here's the breakdown: This is a bullish breakout with increased volume, bearing in mind that volume often precedes price movements. Additionally, the stochastic indicator suggests that the stock is either overvalued or in high demand, reinforcing...
With interest rates on everyone's minds this week, I am expecting high volatility every day starting from Tuesday going into the end of the week. Thursday is the big day with 17 red folders and 4 gold folders (high & medium impact news) so expect hailstones from either side. Many will make millions Many will be liquidated Contrary of the fact that Mondays price...
On the above 4-day chart price action has corrected over 75% since the long idea published earlier this year topped out. Now sellers using emotions have provided you with a 2nd opportunity to go long. Why? 1) You know why.. The same conditions as before. 2) Price action resistance breakout. 3) Support and resistance. Price action returns to past resistance....
On the above 4-day chart price action has corrected over 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable?...
With 7 daily bearish candles, how many people are currently betting a retracement will occur? That's the question I ask myself when I study recent and current price action. 118 is unfinished business for short sellers with 117 also in the cards if 118 does not show signs of respect. This goes in line with my bullish bias for US10Y. My philosophy is...
4.329% - 4.354% is unfinished business! A healthy retracement to 4.200% is not ruled out and would be considered as 'healthy' as price action would still be in a premium. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure -...