On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including: 1) Price action resistance breakout. 2) Trend reversal. 3) Support and resistance. Price action confirms support on past resistance. 4) There is no chart pattern or otherwise to estimate a target area so don’t ask!...
This is my Weekly analysis on EURUSD for 8-12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ Swing Continuation (Pro Swing + Pro Internal) 2. After the Bearish iBOS we confirmed that the...
GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU. Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again...
Seems like its order block week as the majority of the pairs I have analysed are either inside an order block or not too far away from. Same goes for Euro. after 3 strong bullish days, we see how volatility from the bulls was cut short once 1.08400 was met, which was anticipated. We are currently stuck between a rock and a hard place and I am awaiting more...
For over 10 days, Cable has been trading within a choppy range and although money can be made, I feel like more money can be lost in conditions like this as I see this as another 50/50 opportunity for either 1.26800 buyside to get purged or the daily bullish order block to negate down at 1.25378. Any major moves within cable, I will update my analysis. My...
$40,358 all-time highs was printed at the beginning of the week but a drastic sell-off led YM to sweep below the Feb 14th bullish fair value gap @ $38,909 before a late friday retracement. Inverted fair value gap between the 18-20th Mar 24 has been attacked and respected on the Friday so I will be keeping a close eye on YM to see whether it could be the first...
Similar market structure to ES, with the daily price action closing inside of the daily order block in a discount. I will be awaiting for a clean rejection from this area before I can consider sellside liquidity being up for grabs. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is...
On the above daily chart price action has corrected 70%. A number of reasons now exist to be long, including: 1) You know why.. 2) Multiple oscillators print positive divergence over an extended time frame. Look left. 3) RSI resistance breakouts on both USD and BTC pairs. 4) The last time those conditions printed a significant move followed in the days...
GBP/USD Long Position 4H Timeframe: Risk-Reward Ratio (RR): 4 Entry Points: Buy at 1.25324 and 1.25220 Stop Loss (SL): Set at 1.24910 Take Profit (TP) Levels: 1.26700 1.27400 1.28000 15M Timeframe: Risk-Reward Ratio (RR): 2.6 Entry Points: Buy at 1.25400 and 1.25200 Stop Loss (SL): Set at 1.25000 Take Profit (TP) Levels: 1.26700 1.27800 Trade...
All the time frame are lining up to go bearish. We are just waiting for the entry confirmation on our entry time frame. H1 is our main time frame we will be analyzing every day for entry.
Weekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for...
Money can still be mad eon the intraday timeframes but I would need additional information before formulating my bias. There is a 50/50 chance that buyside or sellside could be taken as ES has been trading around the equilibrium of the daily range from march to current date. If ES respects the daily bearish order block, sellside would be in the cards but as the...
Eurusd is currently ranging which confluences are indicating bullish and bearish as well so when trading inside of the range make sure to take profit as fast as possible and trade carefully
On the above 1-day chart price action has corrected 95% since April 2021. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Broken price action and RSI resistance. 3) Price action is testing past resistance (green line), look at the weekly chart below. 4) Price action has corrected to the golden ratio (see weekly chart...
The price of AVAX is $20.7 today with a 24hour trading volume of 400 million dollars and its 95% up since last month Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat ethereum as the most popular blockchain for smart contracts. It aims to...
Hello traders and investors! I'll share the forecast I made in mid-March. On the weekly chart, there's a sideways movement, with a bullish vector 5-6 targeting 0.69205. On the daily chart, we also see a sideways movement, with a bullish vector 7-8 targeting 0.66345, 0.66676. I'm awaiting price interaction with the daily targets to update the forecast. For a more...
On the above 4-day chart price action has corrected by 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Multiple oscillators print bullish divergence with price action (orange circle) 3) Price action prints on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable?...
Last weeks projection was flawless, 105 sweeping before a minor retracement down to the intraday equilibrium. As of this weeks trading, anything is possible. With the most lucrative days being Wednesday and Friday in terms of red folders on the economic calendar, those will be the days I will actively be reviewing this analysis. My philosophy is...