Keep an eye on $NQ_F it's leading the reversal and is at better Resistance. Intermediate Neutral-Bearish
Yesterday we hung around the daily V.i and propelled higher in the PM session after taking out PDL. Today I don't have a good read on price, we are bullish on the HTF as for targets.. there are none that stand out to me. So in this instance I wait for obvious PD arrays to target. Already "Travelled" a lot in the London session I would anticipate some retracement...
Hello traders. This is my setup for GU today. I'm looking to take longs to an hour supply I had marked earlier this week. Let's see how it goes. Danko
Weekly timeframe - Bullish market structure - Rejection candle on the 61.80 fib level - Bullish fib active - Previous resistance acting as support - Natural M Daily timeframe - Bullish M with the fake-out (outer structure respected) 4H timeframe - Inverse head and shoulders
Balancing after a large move is normal we had 3 rotations down, tail and V reversal - possible end to big move anything can happen next, so don't assume things where are we in the days range? where are we in the 8 day range? how are other markets doing?
Weekly: -Bearish W pattern. Daily: -Bearish W pattern. -IC. -W formation. 4H: -Previous day high taken. -Imbalance.
Last week’s projection was short throughout the week and boyyy did we get shorts! Monday got the ball rolling with a bearish decline of -1.67% with all further retracements not fulfilling the open of Monday’s trading, insinuating that the bulls are loosing strength. To confirm this bias, we can clearly see on Friday that smart money tried to sweep buystops and...
My projection for this week was a bit late but nonetheless, bullish projections of lowest displacement fair value gap was the target and yields achieved it, topping out just before CE was met @ 4.696%. Shortly after, yields witnessed a sharp paintbrush retracement mid week and never closed out higher than the highs printed on Wednesday 17th April 2024. On...
After the selloff occurred on the week of the 8th of April 2024, we have witnessed rangebound price action below the recent weekly sellside liquidity located @ 1.06950 which is my first point of call for longs. If you were to study Cable and Euro, you will notice that Cable sold off whilst Euro held it's ground, creating intraday higher highs and higher lows...
The weekly internal liquidity has been made with buyside resting at $38637 and sellside printed at $37463 but the overall week has been rangebound. We can clearly see that there has been a fight at the daily liquidity void with candle bodies rejecting that zone. 38344 Fridays high is my first point of interest with 38410* being target 2. Last week Thursday's...
Explanation On The Chart 📉 A Massive Bearish Candle On The 4H Time Frame Breaking The Last Bullish Structure By Failing To Make A New Higher Low Instead The Market Broke Below The Previous Higher Low Changing The Overall Trend Of The Market And It All Happens At A Very Key Level A Level Tested By Being Both Support And Resistance Level
Explanation On The Chart 📉 A Massive Bearish Candle On The 4H Time Frame Breaking The Last Bullish Structure By Failing To Make A New Higher Low Instead The Market Broke Below The Previous Higher Low Changing The Overall Trend Of The Market And It All Happens At A Very Key Level A Level Tested By Being Both Support And Resistance Level
In this live trading session video,we look at the AUDUSD trade that got recently stopped out for small profit on the 50k traders challenge account. 3 of the previous trades got stopped out before this and we look at how we should review the strategy as a professional if it is still working. We look at the the 3 steps we need to do for this System vs Cash results...
EURAUD tested a solid rising trend line on a daily time frame this morning. After its test, the price formed an ascending triangle formation and successfully violated its neckline. I think that the pair may start growing now. Initial target - 1.6483 ❤️Please, support my work with like, thank you!❤️
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's. Following the bearish iBOS we now expect price to pullback. Intraday expectation: We are seeing a reaction to H4 flip zone where price could target weak internal low, however, price is trading in...
USDCAD tested an intraday horizontal support. After its test, the price formed an inverted h&s pattern on an hourly time frame, and broke its neckline. We can expect a pullback now, at least to 1.36845 ❤️Please, support my work with like, thank you!❤️
Daily time frame: 1. Swing is bearish, INT is bearish. 2. After iBOS we can expect INT pullback. 3. The pullback phase is ongoing, Now we can play longs to target at least the EQ of the range. 4H time frame: 1. 4H swing is bearish, INT is bearish. 2. After swing BOS we can expect swing pullback. 3. Bullish CHoCH is a sign that the INT pullback has...
The daily level MSB line broke, but yesterday and Tuesday the daily line had a long lower lead Pinbar pattern, given that the main idea of to do today is long. Currently during European trading hours, drop down to the hourly level for observation. Two kinds of evolutionary deduction capabilities for the market are needed 1. If the market inertia changes at the...