The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Sell Entry: Consider entering a short position around the current price of 1.0842, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish...
EURUSD is technically neutral both on the 1W and 1M timeframes (RSI = 50.883 and 49.520 respectively), which indicates a lack of trend currently. This is justified technically as the late 2022 - early 2023 rally stopped on an emphatic July 2023 rejection on the 1M MA50. December 2023 gave a second rejection on the trendline, which makes for a technical Double Top....
NZDUSD is on a bearish 1D technical outlook (RSI = 42.566, MACD = 0.000, ADX = 31.358) as not only is the long term pattern a Bearish Megaphone but even this week got rejected on the 1D MA50 and maintains the LH sequence. We are bearish on this pair aiming for a -4.18% decline from this week's LH (TP = 0.59600), which is the lowest decline of a 1D MA50 correction...
For 3 months DXY was in a decline from October 2023 to December 2023. Price went on to create the perfect leading diagonal, consisting of 5 waves. On the 28th of December, we were anticipating price to complete the diagonal and bounce off our diagonal support and reverse. Price went on to do exactly that! So, how do we use DXY to find setups? DXY can be...
We are still bearish on Gold mid term & waiting for buyers to take out liquidity & reach our POI. Only then will we look to enter sells. Currently not in any short term buy's, but will keep an eye out to see if market structure offers an opportunity. Our main bias is still sells🤙🏽
Hey there! I'm selling on EUR/USD: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. The CPI figures aren't so good for the € compared to the $, which is in great shape! 🚀 If you liked it and want more,...
Hey there! I'm selling on GBP/USD: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. The GBP is likely to start depreciating due to the UK entering a recession! And the USD, on the other hand, is the...
Hey there! Bullish on GOLD, I've set a buy limit! A beautiful RR of 2, entering on a RMID (Range Manipulation Initiation Distribution) that aligns perfectly within the fibo OTE with an additional BreakerBloc. The conflicts in the Middle East and US involvement in these conflicts are not necessarily reassuring, whether it's for gold, Brent, or forex in general....
Hey there! I'm selling on WTI: (Second trade) -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which...
Hello everyone! I'm bullish on NAS100, despite the negative figures in January which slowed down the rise of stocks/indices, we still have good results from most companies. We have Nvidia's earnings report approaching, and it looks very promising! Technically, I've entered a buy position due to: - 2 major liquidity uptakes. - Buy zone created through...
Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can...
Hello everyone! After yesterday's TP, the plan is changing; we're turning bearish on GOLD! - Here's my view on GOLD: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a very strong dollar, and as you know, when the dollar rises, GOLD...
"Hello everyone! - Here's my view on GBP/USD: - We have liquidity. (Recovery and Accumulation!) - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a very strong USD. Particularly thanks to the very positive NFP for the US, among other factors! 10Y T-Notes...
ello everyone! - Here's my view on EUR/USD: - We have liquidity. (Recovery and Accumulation!) - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a very strong USD. Particularly thanks to the very positive NFP for the US, among other factors! 10Y T-Notes have...
This current bullish move looks to be running its course, resembling a bull flag. Will be waiting for a confirmation on LTF's to get in short, hopefully before the big news on Friday, which I expect to confirm interest rates staying as they are for longer, and a hawkish fed.
Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...
Today's focus: USDX Pattern – Continuation (Bullish) Support – 103.65 Resistance – 103.96 Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDX on the daily chart. Today, we are asking if the USDX will set off on a new continuation higher after posting further bullish price action. The worry is if we don't see a close above...