Here is my latest structure analysis and important key levels to watch and trade on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
This is my Weekly analysis on EURUSD for 26-1 Mar 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ (Pro Swing + Pro Internal) 2. After the Bearish iBOS we expected pullback, price tapped into...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Long on pullbacks should be still the theme,jpy is weak. Long on other jpy crosses can take a look at well. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. High potential to move higher.let's see. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Chart for the USD on the higher timeframe looks to have turned to the downside. H4 continued to make lower lows. If the inverted h&s didnt form out on USD, likely we could be seeing more downside for USD. Do check out my stream video for the week to have more...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.66200 zone, AUDUSD was trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.66200 support and resistance zone. We would also consider the current bearish bias on stocks as AUDUSD...
USDCAD is currently in a range, as we can see on the volume profile we have made a very nice distribution curve, we are also in a smaller distribution amongst this larger one. If we manage to break the high of the smaller balance, we may be likely to head to 1.3 area. Keep an eye on it next week, to find its path.
Conversely, in the scenario of sellers regaining control and driving the exchange rate lower, support appears at 149.70 and 148.90 thereafter. Continued losses beyond these thresholds may lead to a pullback towards 147.50 in the near term. USD/JPY outlook: Extended consolidation above trendline support to precede push towards key barriers Confirm long Target
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.27200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27200 support and resistance area. Trade safe, Joe.
In the upcoming week, our focus shifts to USDCAD, where we're eyeing a potential buying opportunity around the 1.34300 zone. Currently, USDCAD is entrenched in an uptrend but is undergoing a corrective phase as it nears the 1.34300 support and resistance area. Adding a fundamental layer to this analysis, recent hot CPI and PPI data in the US underscore the...
Since Gold took out our sell position in profit, it means there's been a shift in market structure. With this in mind, we will go back to our 'Scenario 2' play & wait to sell the market from the $2,100 zone. Still possible Gold could drop from here, but for now I'll rather wait for a push higher. ⭕️Complex Wave C Still In Progress. ⭕️Pending Liquidity At $2,064...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area. Trade safe, Joe.
I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Price has printed a bearish iBOS. Internal range established. Bullish pullback currently underway indicated by bullish CHoCH. Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby. Price to...
GU gave us great sale opportunities twice this week. As we get ready to close out the week i am looking for a low for the week to be established. so we can open next week with some kind of range we can work with to create a mid week high for another entry next week maybe. We cant predict the price. just move with it.
This is my Intraday analysis on EURUSD for 23 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones,...
The 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish...
GBP/USD reversed its direction and declined below 1.2650 after rising above 1.2700 earlier in the day. Renewed US Dollar strength on the back of better-than-forecast Jobless Claims and upbeat PMI data makes it difficult for the pair to keep its footing. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders...