Daily - looks touch uncertain. if the COT and DXY weakness is taken into consideration, AU should resume bullish trend. if that is to happen, I will wait today and see how AU closes today. Origin - if AU continues it's leg down, I will look for price to get absorbed in the zone - 0.65327 - 0.65090 and take it up to the zone 0.65714 - 0.65955. clear bullish bias...
if the volume holds like this on Oil. I will look to buy it on the next candle. this is a regular CPR entry with an additional confirmation of footprint
UKOIL MARCH WEEK 3 OUTLOOK - Daily - Looks like it's in a no man's land right now. longs above 82.99 and shorts below 80.29. Origin - if price gets rejected from zone 82.17 - 82.90, then we can look for shorts. if it manages to hold above 82.90 we look for longs. if price holds below, then short ideas will be marked up and only Grade C risk will be allocated...
GBPJPY MARCH WEEK 3 OUTLOOK - Daily - GJ is neither here or there right now. first glance looks weak but there is a good chance that we might see a bounce off of 188.952 - 188.276 zone. if it drops and holds below it, then we might see a sustained bearish behavior. Origin - Looks bearish here. we can go short here or any pullback and rejection from zone 189.243 -...
EURAUD MARCH WEEK 3 OUTLOOK - Daily - Looking good for short but there is a bit of price confirmation I need before I can go short once price closes below 1.65020 Origin - Looks decent for shorts here too. but outside value means we can see not the cleanest movement on EA this week. but I can look for short maybe tomorrow or day after once it closes below 1.65250
CHFJPY MARCH WEEK 4 OUTLOOK - Daily - Looking good for selling on pullbacks. Origin - 167.725 - 169.080 seems like a good area for price to get pulled to and the get a rejection. I will look for shorts once price holds below 166.952
Daily - DXY and AU both look extended at the moment so a pullback or consolidation is expected. on daily the zone - 0.66036 - 0.65718 should hold. Origin - 2 potential zones to look out for - 0.66085 - 0.65719 Deeper pullback - 0.65327 - 0.65090 outside value can lead to a deeper chop and high probability that we move mostly inside previous week's VA.
Same thing as always. I am looking for a pullback all the way to 82.56 - 82.39 zone and looking for price to get absorbed there. more than usual volume traded in oil yesterday which is repeat of similar pattern observed in Jan this year before first run up in oil. for me to get an entry I am looking for almost 1% drop so let's see if I get it.
Looking to go long at the break and hold of 83.28. better if price dips to the zone 82.80 - 82.60 and gets absorbed there
looking at potential CHFJPY longs after London open. Need a pullback to PD AVWAP and then close above 171.080.
I would like AU to push further up and tag POC. but on HTF - daily it has tagged 20 and on origin it has tagged weekly AVWAP and is coming down from there. highly likely AU continues down from here.
so I have been studying historical profiles and I have been observing quite interesting stuff there. refer the chart attached - inside it I have pasted same UKOIL profile from Q1 of 2018. almost similar profiles and movement there. there too fresh week's price opened out of value and pushed up, didn't pullback. this week same thing happened. so if this is to...
3 potential areas of interest on oil today where I will look for price to get absorbed. if it does - i will look to go long. from weakest to strongest price levels - 1. 82.03 2. 81.76 3. 81.32 (strongest)
Looks bullish. but I will look to enter above 190.194 which does not look highly probable as GJ has had 5 long days already. thus my entry will be highly contingent upon the structure.
CHJ looks good for longs here. if price moves up and manages to hold above 171.195 I will look to go long
SPX FEB WEEK 5 OUTLOOK - Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback. Origin - 2 scenarios become apparent when we drop down to origin. 1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens...