Price has come into my zone marked off the daily chart, but the mark there is the close of the daily FVG. Price doesn't HAVE to hit that mark, but I prefer it if it would. Im still long at 18500. Who knows the bottom of this drop? However, with no risk comes no reward!
Watch this mark at London open KZ for a stop hunt move to enter long on GU, showing the beginning of SMT and bond yields are starting to show a footprint.
High impact data will run old highs / lows or rebalance. Given a hawkish rate decision I think we will see UJ at least take institutional liquid and reverse perhaps. Watch those half, whole and qtr numbers. I think BoJ will step in and taper the yens power emergency status and that will be a catalyst to bring it down or UJ is going to the moon.
I have a feeling we will see price violently run down to 1.03 flat, nice whole number that is 40 pips below the recent lows and about 100 pips from current price. From there most likely we get a reversal. I have some buy limits set at 1.0320 so lets see how it goes. Trade safe.
Let's dive into some setups that may form this week as we bring data calendar info together with technical analysis.
This does not look good for GU. I would think this is a foretelling of Brexit woes coming into play now and in the very near future. If you trade EU you may want to look at GU instead for some plays based on this divergence.
analyzing pairs you choose to lend my perspective. Come hang out.
After the OPEC meeting today, it was declared that production would be increased to stockpile surplus oil. We should see prices taper off because of this but world events can cause a different scenario. I see oil heading to the mitigation block in confluence with the 4h FVG+ to rebalance before making another move of significance.
Watch for price to run those marked equal high and blow out positions if we are to head further down, it may also head to the -27 and turn back south too. Only time will tell.
I don't know about crypto in general, with the SEC loading Thor's hammer to smack regulations, but I do know that this is pretty convincing that we may see BTC rise from here; if not, then we are probably looking at sub 19k maybe even 5k. Measuring the bodies of HTF to incorporate the bulk of the volume, we can see that BTC has touched the 705 retracement mark...
Im waiting for BTC to raid the relative equal highs and fill the daily fvg- for a dump move. You can run a larger stop loss if you want to. I tend to manually enter based on PA so my stops and entries sometimes adjust real-time to PA. Please trade safe and have a good weekend,
Watch for NAS to run the PDL into that orange POI and get long after that to target the north bound equal highs above.
Wait for oil to run the previous day high PDH. Fill the fvg above and then potentially look for it to melt away. Trade safe though and expect the unexpected.
I am going to try a little long position at the red line, the mean threshold of a HTF OB+ but because the UK banks are closed for the holiday this Monday, I consider this high risk and has a probability to fail. I will be looking to take profit on the fill of a HTF FVG- or after the price takes old highs.
Here are some points of interest I have charted out; the first entry will potentially be at the 705 OTE retracement that has confluence with a 4H FVG+, which makes sense, right? Entry 2 will be the body of the 4H OB+ as there appears to be some VIF and clean liquid down in that area; if they want to take the price up, they need to fill the books. Entry 3 takes...
I see XRP striking into 1.02, possibly higher. SEC lost the lawsuit and now we are going to see the true crypto master unleash wrath. Do not miss this one fam! Trade safe.
The interest rate differential right now between NZD and CHF.... NZD +0.50% and CHF is -0.75% so..... interbanks are going to be long NZD and super short CHF, perfect carry trade paramiters. Ontop of that we have a huge wykoff at play with a lot of confluence factors to make me look to be long on this pair. Lets get the guns out fam it is time to go pip hunting!
Watch the poi in orange for a long and the red zone below as another point to get long. The lower area is deep in discount price from algo reset and just so happens to be 19-20 pips past the current lows giving an optimal range for the market to run stops. This is if our bias on the EU is to be intraday long. If you are looking to get short, any position above the...