A retrace of this nice Push is needed - we see overbought conditions (2nd panel) our Target is quite modest and the SL is simple a new High
Bouncing of the POC (Point of Control of the Volume Profile) - while leaving just wicks below it. Also we are having a quite nice Inside Bar hopefully follow by a strong Entry Bar to give it some momentum. (candle not finished yet - so the position sizing is not final -> update will follow) TP1 at previous resistance of 4020 and the final TP area in the upper...
The Point of Control is a good entry for a short term bounce Target might not be reached but a small profit should be there
GBPUSD RECAP: GBPUSD is slowing filling the area of low volume created by the big bearish movement on the 23rd of June 2016 or as some may know it as BREXIT! (highlighted in one of my earlier uploads, linked bellow). Once this area of low volume is filled i anticipate a continuation of the bearish sentiment. So far the re-tracement has only reached 23% meaning my...
Last week Friday closing confirmed the weekly breakout of price action from a previously trading range. Trading range was 40 weeks long where we saw major buying and selling of the stock, which is also called Value Area. As per the volume profile, if any stock's price action moves above the value area then it signals a buy opportunity which we could see at...
The idea is to make a trade when: (1) RSI exceeds the 30-70 band and (2) there is a spike in volume shown by ROC for volume The spike in volume suggests that market is reacting to the event (i.e RSI showing overbought/oversold) The dark blue line is 5X the average volume of the last 500 days. Use Volume profile bars to choose Take profit and Stop loss....
Downtrend - S/L 0,76250, T/P 0.71500
EURUSD broke channel resistance and is currently consolidating. Volume profile shows gap that needs to be filled above the current price. These two facts could indicate possible long opportunity.
SMIO AND SMII show there's still a relatively strong dip going on. When looking at the H4, we can see a (not so clear) channel. Combined with the looks of the Volume Profile, the most logical move is the continuation of a short at least until 25th of May 2016 (this wednesday). However. There could be newer support that causes a slight bump up and then down...
Quick update to my last analysis on USDJPY. Earlier I showed the USDJPY would stay in the channel. The path isn't adjusted much but, we will most likely now get to experience a small bump up to reach somewhere near 109.7 flat. If this happens, the entire 24th of May 2016 will be a long until we reach that point. If you wish to keep your shorts on because you went...
Hello Traders! Sell Limit - 1.44049, S/L - 1.46000, T/P - 1.44000 Best regards, Powerful Traders!
Hello Traders! 2-nd variant! Dear Trader Johnm600, you we're right! Aussie is in the 3-d wave! Local target - 0.60000 Wait next variant >>>
Hello Traders! Sell limit - 1.09134, S/L - 1.09900, T/P - 1.06000 Best regards, Powerful Traders.
EWA/EWP & VOLUME analysis! FLAT &SHORT!
Hello, "El Dorado" Traders! Best regards, Powerful Traders!
Hello Traders! The weekly forecasts prepared at the personal request of the Trader - AdeOluseun! Dear traders, we ask you to be careful with USDCAD currency pair, as the market is currently highly overbought on daily chart and we see by means of EWA/EWP, Volume, Cluster&Delta, Market Profile analysis, that major market participants lose interest in the growth...
Strong suspicion of a downward trend! Breakthrough the price 116.000 identify trends! Be careful! Best regards, Powerful Traders!
Hello Traders! EURGBP - the downward trend will continue, as soon as EURUSD currency pair falls. The Daily delta&clusters negative (bearish). We expect the rapid fall at the end of this month. Best regards, Powerful Traders.