You might be wondering how to rely solely on technical analysis, without using fundamental data or events, to determine directional bias. Approaching the market from a multi-timeframe perspective, spanning from 12M down to lower timeframes, inherently takes into account all fundamental impacts on the asset from its inception to the present. Personally, I rely...
NSE:RALLIS has just corrected 50% of the fib level in the long term after completing impulse waves over a multi-year. This 50% retracement is typical of wave 2 correction in Eliott Wave to 182.50 level and bounced back. Now it has completed wave 1 and 2 of 3 higher degree and wave 3 of 3 can break all time very quickly. watch out
On the above 2-day chart price action has corrected over 90% since the sell signal (not shown) in April. Now is an excellent moment to be long. Why? 1) A strong buy signal prints (not shown). 2) Regular bullish divergence . Lots of it. This divergence is measured over a 40-day period. Look left - blue circles. This divergence includes MFI (Money flow) - Follow...
Hello guys, this is my analysis on GU. I'm only looking to go short on GU. I see we have been in a consolidating market for a while now. My view is that GU might go up to take out Tokyo highs before ultimately shooting its way down to 1.2585. Always remember to wait for rejection candlesticks at your preferred zones before placing the trade. Danko
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price is now trading within a fractal high and low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new high. Due to the bullish...
Silver nicely respected a recently broken key horizontal resistance. After its retest, the market started to consolidate on a 4H time frame and formed a horizontal range. Its resistance was broken yesterday, signifying the strength of the buyers. The market may keep growing next week, at least to 25.5 level. ❤️Please, support my work with like, thank you!❤️
Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the...
The recent surge in gold prices has left a lasting impact, the reverberations of which are yet to fully dissipate. While intermittent spikes persist at lower timeframes, there are clear indications suggesting a potential deceleration in momentum. Are we witnessing the onset of a reversal, beckoning opportune moments for short positions?
Dxy index contains different currencies in one basket to measure US dollar strength. EUR IS 58% in that basket. So EURUSD closely follows DXY. In DXY, liquidity Induced Trap was taken, but eurusd didn't. So didn’t wait for EURUSD to do it thing.
Bitcoin may very well hit 150-200k in the next couple of years but it is in a huge rising wedge pattern that may crash it -90% from those areas. It’s slow it’s hardly adopted and highly manipulated.
Thesis: Speculators were overly positive regarding NZD's prospects for raising rates. In the end, the RBNZ maintained rates and were dovish. On top of this, China stock market is at peak pessimism with a relief rally currently in play. This should affect both AUD and NZD currencies, but especially, AUD; hence, I am holding out that AUD will strengthen against...
In this live trading video,we look at the underlying concept behind our OE basesd strategies,why actual reward:risk is more important than Expected,how to select your trades and our Q1 performance review on our 100k traders challenge account. The concepts and ideas in this video can be cross transferred onto any strategy.
Here's another video highlighting the trades I took this morning and yesterday and some of the longer term swing positions I'm in with analysis as to why I took them. Hope this was helpful Happy Trading :)
Update on the analysis of the EUR-Canada pair: As mentioned earlier, the price has tested the 1.4741 supply area twice and in the short term we should see a bearish trend towards the key support of 1.4655.
Hi, friends! Floki Inu is going to update the lows at $16.08. This will be a good entry point. Also, you can this altcoins because it's a good point after -60% after the listing of fresh alts. Aptos and Render grown by 300-400% after such drawndown. Additionally, lot's of FUD appeared last days about memecoins. Floki has only $163M of cap. How easy it will pump...
This is my Intraday analysis on EURUSD for 28 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 3. Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing...
Multiple time frames analysis for USDCHF. Price action & important key levels. Bearish outlook & trading recommendations. ❤️Please, support this video with like and comment!❤️
In this live trading session video,we look at current live, open and closed positions on BRENT and GBPUSD 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.