Greetings, Traders! 🌟 Hello everyone, It's important to exercise caution with MOBUSDT as recent price movements suggest potential manipulation, leading to a sharp 100% increase. However, this may not be sustainable, and a downward movement could deplete capital. BINANCE:MOBUSDT Key Observations: - MOBUSDT has experienced a rapid and unprecedented...
GBPUSD moved as per the plan given; I was bearish GBPUSD and it moved down nicely yesterday. Similar to EURUSD, GBPUSD opened just below the PZ and came down on open, to the support below and bounced strongly, to make new highs but it hit the strong level within the PZ and came down the second time. But again the same 1.2617 level held with 2 bullish pin bars...
EURUSD plan worked rather well yesterday. Sell level at 1.0855 given and it reacted well and sold down 25 pips to new lows. I did consider a break above 1.0855 to possibly see further upside but my bias is to the downside possibility and it worked out well. Bearish Tuesday indicating further downside but bullish Monday indicating support. I am of the opinion of...
EURUSD sold off on last Thursday post FOMC, and further on Friday hitting the 61.8 Fib and also my strong level. I said EURUSD could come down from the PZ but I was of the opinion of a further pullback before downside. My sell level was at 1.0851. Yesterday was a slow moving day IMO as EURUSD just based and slowly moved above the PZ and did not hit the 1.0851...
On Thursday, EURUSD reversed the FOMC rally, which I said is very bearish and we could expect further downside on Friday. Indeed, EURUSD sold off further on Friday for a good 60 pips, closing near the lows. Weekly price action is bearish thus expect further downside for this week. However, EURUSD is bouncing off the strong 1.0799 monthly level. Price has pulled...
SPX was much sideways yesterday after the rally on FOMC the day earlier. SPX opened and moved up to first resistance before pulling back, but did not touch the bottom level. Some weakness towards the end of day as it is unable to go higher. Still SPX closed green. I said I will scalp for the pullback. It was not easy as there were "strange" rotations between...
EURUSD's plan worked out perfectly yesterday as per the path given. I gave a long from 1.0837 level and it hit the level perfectly before rallying 100 points beyond my target. What is it for today? Price action is bullish, bias is to the upside, but in what manner will it move? IMO, I see a pullback before further upside, thus I would wait for one (and possibly...
Yesterday, EURUSD made a huge down then up move. Levels worked perfectly fine though path wise was slightly off. I was looking for either price to open and go higher or it hit the PZ then came down to new lows. EURUSD did initially base off previous day's low, touched the PZ bottom perfectly and started its sell down of 40 pips hitting the level below before...
EURUSD made a good up move then sell down. I was looking for the up, and it did go to the level given, though my target was the one above. Still there is money to be made. And we got a good perfect rejection off the double resistance level and it flushed lower. Price action looks bearish and point to further downside. I shall not fade that, though personally I am...
I was looking for a possible bearish continuation on Friday, but it was much a ranging move on Friday. Market did move higher to re-test the PZ (though the bottom) and market found a rejection at the bottom and closed near the mid point of the range. We have a green daily candle for Friday. Is market consolidating before further down or is the near term low made...
GBPUSD worked out good, was wrong on the level to go short but the short from higher gave a better opportunity and we got a good trend day all the way to move down to close near the lows. Based on the bearish price action, looking for further downside for today. Price has drifted down, though a pullback to the PZ will, IMO, a good opportunity for short. 1.2677...
I am looking for a move lower for GBPUSD yesterday on rejection off the 1.28 strong level. GBPUSD did close slightly higher but overall GBPUSD is much in a tight range yesterday and GBP is weak. Overall, it is anyone's guess what would be the next direction but regardless, trading based on the levels would work. But I would say that, I am looking for 1.28 to hold...
As you can see, the price took the liquidity that formed as a high in Daily FVG, had a bearish reaction, and shifted the market structure. Now the price trades inside the bearish order block that we expect to push the price lower. We need the LTF confirmation for entry. 💡Wait for the update! 🗓️13/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Algo levels worked perfectly yesterday as both the lows and highs for the day for EURUSD were perfectly given by the levels. Lots of opportunities on both longs and shorts. EURUSD closed with a doji candle which is some sort of indecision. TBH yesterday's CPI data is hotter than expected but not a lot; thus market did not really care. But IMO, price action for...
I was looking for a move lower for DAX yesterday and we got the move (). Levels worked perfect despite the somewhat choppy movement (DAX was strong despite weakness in the US indices). The strong level below held perfectly while the level above also provide a good short during the US session and mentioned in the group chat. If I look at the daily candle, price...
Yesterday I was looking for EURUSD to test first resistance at 1.0857 which is the level to watch for a possible rejection for a lower high, or a move higher. Indeed, 1.0857 worked good for a 15 pips sell off the level. However, after a double re-test, EURUSD moved higher. Still it would be a breakeven or a small profitable trade. EURUSD closed green which...
On Friday we saw a change in the strength of DAX as it hit new ATH but came down after while US indices was stronger and rallied to ATH after. Some rotation that is, given how DAX was rallying the days prior, while US indices, especially on Thursday, dipped and recovered, setting up for the continuation on Friday. DAX I gave a long from bottom of PZ but DAX hit...
My Point of view for TRBUSDT. Trade Carefully, Best Of luck