A push to the upside ahead of BOE Gov Bailey"s Speech tomorrow. Could this be a bull trap setting up to trigger the next sell off ? If we continue to see Dollar strength in the market over the next few days this may well be the catalyst leading to a much weaker Pound over the next few weeks. A bearish monthly close for February signals bearish sentiment for March.
Here is the wave analysis for EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the range matches perfectly with a key weekly resistance. Depending on the reaction of the price to the...
Detailed video analysis on Dollar Index. Key levels analysis. Price action. Potential scenarios & trading recommendations. ❤️Please, support my work with like, thank you!❤️
The Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe 1.19000 marks what could be the neckline where buyers may attempt to regain control A break of 1.19000 confirms Double Top and should trigger more shorts In September 2022 the Pound dropped to 1.0350 forming a 37-year...
GBPAUD was stuck for some time on 1.75 - 1.763 horizontal supply area. That structure was finally broken this week. It turned in a demand zone now. I will expect a bullish wave from that at least to 1.788 ❤️Please, support my work with like, thank you!❤️
CADJPY broke and closed above a solid horizontal supply zone on a daily. The broken structure turned into a demand zone. Probabilities are high that a bullish wave will initiate from that. Goal for buyers - 101.0 ❤️Please, support my work with like, thank you!❤️
NZDCHF broke and closed below a key daily structure support last week. Probabilities will be high that the pair will keep falling. Next supports: 0.574 / 0.57 ❤️Please, support my work with like, thank you!❤️
So, this week, EURJPY broke a key daily structure resistance and closed above that. We saw a positive bullish reaction from that on Friday. Probabilities will be high that the market will keep growing next week. Goals: 145.0 / 146.37 ❤️Please, support my work with like, thank you!❤️
So the range, that we spotted earlier on Dollar Index, is finally broken. The market successfully closed above that on a daily. Now a further bullish continuation is expected. Next target - 105.1 ❤️Please, support my work with like, thank you!❤️
If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. This strategy is also used Live by Green Lion Capital Social Trading on Zignaly. As projected earlier, the market experienced a reversal after accumulating enough volume for liquidation. I anticipate that the market will witness another bull run to attract more volume...
EURJPY finally broke and closed above a major horizontal resistance cluster on a daily. The broken structure turned into a key support now. I will expect a bullish continuation to 145.0 / 146.3 levels. ❤️Please, support my work with like, thank you!❤️
On a today's live stream, we discussed EURUSD. The pair is currently consolidating within a narrow horizontal trading range after a strong bearish movement. 1.065 - 1.068 is its support. I am waiting for its breakout (daily candle close below) to short. The pair will most likely drop then. Goal will be 1.053 ❤️Please, support my work with like, thank you!❤️
EURCAD was consolidating for 3 weeks in a wide horizontal trading range on a daily. Its support was finally broken this week. I believe that the pair may go lower now. Next support - 1.428 ❤️Please, support my work with like, thank you!❤️
Chart patterns are very subjective. I see this as a symmetrical triangle, meaning it could break in either direction. But if I adjust my trend line, I also see it as a rising wedge, which is a bearish chart pattern. Either way, I will look for a break above 45 for calls with a target of 50.30, OR a break below with a target of 41. Either move will be an amazing swing!
NASDAQ:NVDA I like what I see when looking at the Daily. In just over a month, it has gone from 130 to 221; almost a $100 gain! We see it formed a base, which we can now see was an accumulation at the demand zone, and broke above 1/9 around $153. Met resistance around 194.50 where it previously resisted in 12/13 and completed a double top between 8/4 and...
AUD/JPY finally broke above trend resistance, the 200-day EMA and pivotal zone of 90.9 – 91.5. The 20-day EMA also provided support for two bullish hammers, which could mark the end of a shallow retracement from its breakout move higher. The bias remains bearish above this week’s lows and for a move towards the high around 93.
Hey Traders Ive been tracking this trade from its November 22nd impulse move up to the December 19th 78.6% pullback! For you ICT enthusiast that was the Optimal Trading Entry (OTE). So if You missed it, here is another chance to catch the ride up to the $1.18. I have marked TP 1 at the previous impulse high. For those of you joining me for this trade idea, Manage...
If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. This strategy is also used Live by Green Lion Capital Social Trading on Zignaly. Despite the exciting start to the new year with the BTC price surge, one must be careful at this stage in the price movement cycle. It appears that the market is attempting to test...