Price is currently in a weekly watchzone/demand it has been bouncing off of since Feb 2022. There is now a breakout of a falling wedge. Now waiting to see if that H1 supply that took price to weekly demand is violated and then I am long to daily supply. Confirmation is break of H1 supply! Happy Trading and remember good risk management always!
Opposite of the dollar index. Negative correlation in play. For safer entries wait for H1 supply to be broken and a pullback. Use good risk management. Happy Trading!
An M formation in the making and to be confirmed by break of neckline (H4 demand currently holding price up). Once neckline is broken wait for a pullback and short - this of course means we long XXXUSD - for those who understand correlation. NB: No confirmation, no trade! Patience Pays! Good luck and Happy Trading.
Any longs on EURUSD right now are just pullbacks to smaller timeframes supply zones. But the momentum to the downside is definitely still strong and that monthly demand zone is the next target. If price pulls back to daily supply before NFP next Friday and the dollar continues to strengthen, we might get our continuation for shorting from there. Trade the...
This long could just be a pullback to the broken rising wedge provided the H4 supply defends. If it breaks we are long. Trade this alongside the dollar index. Use good risk management. Happy Trading!
I am still very much bullish on US30 as per my previous analysis. Right now price has broken out of a bullish flag . So if you are not already holding longs, wait for a retest/pullback to H1 demand currently holding price up). But if the zone is broken then go where price takes you. Happy Trading Intraday Traders!
1. A bullish batman pattern 2. Falling channel with a bias of a breakout to the upside 3. Price respected a weekly demand zone and created a Higher Low For safer and more conservative entries, wait for a break and retest of resistance trendline Happy Trading
Looks like GU is finally pulling back after breaking a major monthly demand zone. An H4 supply has been violated. Now waiting to see if price pulls back to the H4 demand that broke H4 supply. This is where I will enter with more confirmations of course. First target profit will be in daily supply. I feel like all we do as traders is wait. Am I the only one?...
We all know every rally needs a correction. Price has now been rejected in a weekly demand zone and one of two things will happen, a pullback to a daily supply that led price to weekly supply and a creation of a new Lower High for the downtrend to continue OR a break of that daily supply for price to retest new supply zones. As long as supply zones on lower times...
Here is a Rising wedge and a Head & Shoulders Pattern after price got rejected in a daily supply zone. Will the Monetary Policy Statement and ECB Press Conference this afternoon finally give the EURO a push to the downside? As long as the Head of that H&S pattern is not taken out, I am short on the EURO. Remember, fundamentals only fulfil structure. Technicals RULE!!!
If price breaks out of this bullish flag we might see a violation of a daily supply zone. The bulls are currently strong and a lot of it can be attributed to the weakness of the dollar.
BTC has been ranging for a couple of weeks now since it broke a weekly demand and a low of $28K. My weekly analysis shows a pullback to a weekly supply that broke that weekly demand and then price will likely fall again from there and will likely land in the next zone - $19k. But this is definitely a bearish market. Any bullish moves are just pullbacks.