Overall structure is bearish on Monthly, Weekly, Daily and H4 but price is reaching a support level and we are looking for buy opportunity when it reach support level. We will buy the counter trend until it reaches the last support that was broken on the daily timeframe.
Here is a short video on my key price action concepts which enable me to build a picture of what is happening and what side of the market I should be on. I like to use Anchors to a trend and key levels to build the trades on a 5min and then use the 1min charts for the entries. Enjoy the ramblings !!! The basic concepts discussed are : - Anchors - Price...
In this live trading session video,we look at the three trades that we recently took on the 50k traders challenge account. 2 of them,AUDUSD and GBPUSD got stopped out and we explore why we took them at lower risk. We also look at the 3 key points we need to be aware of when we are going through a drawdown. The concepts and ideas in this video can be cross...
Multiple time frame analysis for USDJPY. Bullish movement after CPI discussed. Trading recommendations, trading plan, forecast. ❤️Please, support this video with like and comment!❤️
FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....
FX:GBPUSD We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move. Alternative...
According to the analysis i did on nadaq100 i foresee a bull run coming during CPI. Price has been trading within the bearish channel and found strong support level 18 000 mark and within the barish channel we found a inverse head and shoulders, currently am waiting to see price breaking out the channel and testing it then push o the upside.
NZDUSD is still very bearish and I believe it will continue to sell. - The candles are still below both of the EMAs. Bearish conditions are still met. - The MOM is still negative and below 0. Bearish conditions are still met. - The STOCH is below 50, facing down and the orange line is above the blue line. Bearish conditions are still met. Potential trade...
Hey Rich Friends, I think EU will continue to sell. Here is what I am looking at: - Candles are below both EMAs. My bearish confirmations are met. - MOM is facing down and negative. My bearish confirmations are met. - STOCH facing down, below 50 and the orange line is above the blue line. My bearish confirmations are met. - The current candle has closed...
In this live trading session video,we look at open positions on BRENT and GBPUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
OANDA:EURUSD Preference: Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain...
FOREXCOM:XAUUSD Over the past few weeks, gold has continued to break structural levels and create higher highs, adhering to the upward trendline. We have reached another pivotal area on Gold. Price is showing early signs of exhaustion on the smaller time frames. We also have multiple areas of liquidity created by the price rejections that form new micro levels...
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.
Job data this morning caused a movement exactly as I anticipated and discussed yesterday. The move lower I suspected came yesterday as I anticipated, so now I'm just looking to see if we can move below this 5204 12hr support line. To date, the 12hr has been the major support level to stop any movement down since November which is why we have not seen a Daily trend...
Longer video but hopefully it clarifies my position in the market. I do NOT have a short position yet, but I am looking for one at this point. I might wait until either the close of the day depending on where we are OR take a short position if the overall day goes negative. Trends into today; Last Macro Trend Signal Spots (ES Contract) 30m - 5724 Uptrend...
Hello Fanatics! Today is NFP, which is usually a low-quality day to be trading. We never know what is going to happen. My tip is to wait for the news release to be out and only then look to flow with whatever the market is showing you. Today, I am just testing this video recording and sharing a quick idea on EURUSD. Based on all the timeframes - we are stuck...
In this live trading video,we look at why we took the Brent oil trade at low risk using price and volume on our 100k traders challenge account. We explore the use of channels with relation to the smart money framework. The concepts and ideas in this video can be cross transferred onto any strategy.
Multiple time frame analysis for Gold. Price action & important key levels. Trading recommendations. Potential scenarios. ❤️Please, support my work with like, thank you!❤️