Michielfourie89

Michielfourie89

Overview: In recent trading sessions, the Canadian Dollar (CAD) has displayed weakness, particularly since encountering weekly supply levels. However, there are indications that the CAD might be poised for a turnaround, especially as it approaches a daily demand zone. Analyzing the charts, we observe a potential opportunity for CAD strength, with key technical...

Michielfourie89 Updated 

Explore the correlation between the price fluctuation compared to how the sentiment has evolved over the past months. Sentiments below the 35% or above the 65% thresholds, combined with a price moving in the opposite direction, could imply a contrarian signal. Time to sit on the side here

Michielfourie89

We have no Cot Data this week, report hasn't been released. Ill await new fresh data and sit this week on the side line wait for price to come into my zones.

Michielfourie89

We have filled an important Fair value gap on the daily, its time to be neutral and wait for a break of either side. And trade a possible range. Looking at seasonality if the USD comes back into a bullish sentiment we could see big sell off here. Its time to sit back and watch the show

Michielfourie89

Oh dear, Equal highs has been taken, a Bearish supply zone has been hit. Let's see retail traders start Selling here, as they are net short before NFP. I expect price to break supply here, let's wait and see. We can also see on the COT report massive shorts on the Vix being added last week, which should mean that we wont see any risk off sentiment for sometime

Michielfourie89

Oh dear, Equal highs has been taken, a Bearish supply zone has been hit. Let's see retail traders start Selling here, as they are net short before NFP. I expect price to break supply here, let's wait and see. We can also massive shorts on the Vix being added last week, which should mean that we wont see any risk off sentiment for sometime

Michielfourie89

Based on Seasonality the USD could see a rally during the start of February based on 25 years of Data, Reasons for this is shifts in money rebalancing of portfolios, Tax Season etc. DXY has liquidated the lows, should we start establishing a trend on H4 ill short my bias to getting back long on USD and short on stocks and gold.

Michielfourie89

Bullish trend is intact on the daily and weekly, Pirce has come into demand had a choch on the 15min chart. We have equal highs at the top, Retails traders stop losses above the highs, we can see a stop hunt and then some consolidation. I'm long and strong

Michielfourie89

With news pending, in 30 minutes. Will not execute another trade for the day, tomorrow is setting up for a beautiful swing trade for next week.

Michielfourie89 Updated 

Trade Active entered on the 1min, 1 hour before BOE announces interest rates small trade here

Michielfourie89

Monitoring Price action here , If price shift bullish in the FVG ill execute a buy order

Michielfourie89 Updated 

Our contrarian indicator detected a shift in the client sentiment. After the majority of traders were selling the market for many consecutive days, a change in the sentiment has occurred and the bias shifted to long and continued to remain so for the past days. In combination with the price moving downwards, this creates a bearish indicator.

Michielfourie89

Monitoring price here to see the reaction of the FVG made yesterday a break above to remove supply ill place my 1st order for the day

Michielfourie89

Morning Fellow Traders, I'm monitoring price action here this morning, Ill wait for US session to make a confirmation entry should we get the setup I'll be posting as price action develops.

Michielfourie89

Knowing the smart money trend, my bias was to execute a buy between the Weekly Central pivots and the Midpoint (M2) which is 50% of the central pivot point and Support. Price traded down below the M2 which indicates to me this week could possibly be an inside week. However, Day trades is key in the current market environment. On the H1 Chart got a nice bullish...

Michielfourie89

Last week Non-Commercials added 9 464 longs and also added 2 099 shorts. The previous week the data showed longs where closed to push price back down to a buying area. The net positions increased by 7 365, The focus here is longs. Meanwhile Retail traders are net short 70% ???? Together with uptrend and lower expectations of inflation for the year EURUSD is very...

Michielfourie89 Updated 

The majority of traders have been short on this market for the past days and currently 69% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator. adding another

Michielfourie89 Updated 

The majority of traders have been short on this market for the past days and currently 76% of traders are selling. In combination with the price moving upwards, this creates a bullish indicator. With Equal highs on the cars and a massive imbalance we can expect a strong movements upwards banks are still net long EUR and Net short JPY