GU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
here is my channel for EURUSD for these days...hope to traders to use this at their trades.
Opening long from a higher low at the trend line support level in a bullish trend.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered Tupperware Brands Corporation $TUP today at $7 per share. Our...
Ascending channel formed on the daily was broken, price action has could not be contained so has broken support zone. Lower lows and lower highs are on the horizon. Be cautious as this pair could be quite volatile. Tight stops and let winners run! Contact me for a copy of my Forex Route for Investors Book Happy Charting!
Ascending channel formed on the 4H, price action has bounced off 618 fib level on the daily and we have seen a clear retest of 104 zone Contact me for a copy of my Forex Route for Investors Book Happy Charting!
We are using options. there are our buy-sell points. We have July $50 calls.
Nas100 created a "W" pattern on the lower timeframe after a major sell off at the bell. PPI came out with a negative so the market sold after a 100 point move to the upside post news report drop. It reversed at the previous NY session low and bought up 142 points to the upside. Based off the previous PPI outcome, I am still holding for a 300 point move to the...
There seems to be an everlasting weakness for the pound as the lacklustre story continues. As for the technical side, we are looking bearish here on the GBP/USD with potential for the next leg to the downside to occur. Overall from a weekly perspective we are looking ahead at 1.1800 being a long term downside target.
After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline. We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
Hope all is well, Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets. Gold must close 1H above 1898 for continuation to the...
After reviewing the strength building on the dollar, it is clear to see the strong trends forming across the major currency pairs. 1.0500 is the next weekly/monthly directional target to the downside sitting almost 400 pips away. We have a small amount of US and EU news heading into the final stages of this week. However we are looking at long term possible...
what's observable here is that this area is quite sensitive of the structure available in this zone. we have 2 structures of which both could be easily manipulated. in seeking the mounts of liquidity of these areas . i,e for the great push (bull run), which is still the bias of the market . but the market makers still need a huge liquidity for this. QN is, What...
This can be viewed as a continuation flag pattern and also a double top (M) formation market There are pure divergence from the RSI and also a fall out of the ascending channel All this are confluence that the market will continue falling
DOT ETH pair is trading at the lowest levels going back to the beginning of the pairing. Up only, baby! DISCLAIMER: I am not a financial advisor, this is not financial advice; do your own research; brush your teeth everyday; change your oil every 3k-5k miles.
Weekly Time-frame New Candle for the week, seems bearish for the Awesome Oscillator Red Volume Bearish Saucer. Where we place the next long position was the exact Bouncing Area. If this holds it will continue to the Upside. Relative Strength Index (RSI) is about to be Bullish. Bouncing Area of $37,726 & $37,550. Rejection area of $38,435. 1D Time-frame ...
USDCAD has so far respected structure despite the fact that it's in a range, I'm looking long on the cad considering the fact that it's in a viable level of demand
GBP/USD has been on neat downtrend since January this year and we currently see an M pattern formation on the daily with resistance below neckline, we might as well continue bearish if we keep seeing resistance below neckline as marked on charts. I will consider going long only if I see signs of strength above level A as marked on charts since it has consistently...