EURUSD - Bullish market sentiment is evidenced by the daily breakout and close above the key price and confluent long-term Fib resistance level at 1.1043 on 2/3. Adding further weight to a long-side bias for this week, retail net open interest stands at -1.6927, indicating continued long risk exposure is more favorable than taking-on short risk. At least until...
Reasons for -We have broken our 4 Hour trend line to the downside -Therefore we have broken structure and i 100% believe that after the break we are headed down -We are going to get a impulse wave and this is a strong setup - after all the long term trend is bearish ! Yes weve had two small losses but we are going to make it back on this one ;) Also this is...
Wednesday morning (in about 10 hours) we have the Bank of Canada releasing their latest monetary statement. Economists are widely expecting the BOC to hold rates at 50 bp. However, there is some speculation that the recent weakness in oil prices may be a reason to drop rates and leave open the door for negative rates into the future in an effort to help the...
So .... 1.we have a strong trend line acting as RES 2.we had a fake break out 3. price has dropeed after the retest of trendline 4.bearish engulfing on previous 4hr candle 5.daily candle is a bearish hammer
One of the great advantages to TradingView is the opportunity to see the market through many different individual’s unique perspectives. Each new perspective offers the opportunity to gain some additional insight and thus advantage. The concept being explored in this indicator is the disclosure of the sentiment of the traders in control of the current price...
With all the recent movement down I decided to do some sentiment analysis. I figured since people are becoming irrational it was time to look at it. Moving on to the chart. What I am trying to compare here is a few of the key points that we have seen in the market. If you have used Adobe Premiere Pro and tried to blur faces you would know what these key points...