themarketknight

themarketknight

For those of you who might be newcomers to the trading world, let's explore the concept of levels, specifically the high-volume fractals that we base our trading decisions on. This information could serve as an additional layer of insight to enhance your own technical analysis. It's important to emphasize that regardless of levels or volume, the structure of the...

themarketknight

Good morning, fellow traders! It appears that our attempts to breach the weekly and daily highs have been met with resistance, and we are currently retreating within the broader monthly market structure. Our daily selling strategy has faltered twice in the face of this resilient bullish momentum. While there may be untapped liquidity at lower levels, it's...

themarketknight

We Have Massive Dollar Daily Level Holding and EURUSD Fake Out Happening live..

themarketknight

Good morning, traders in the Asia and London sessions! EUR/USD has opened with a bearish tone and is currently showing signs of an upward rally. However, it's worth noting that the price at 1.05649 didn't show significant upward movement during Friday's session, so it raises questions about the current bullish momentum. We're approaching this with caution as it...

themarketknight

Hello fellow crypto enthusiasts! We've recently entered the world of Ethereum because it seems to be making a lot of noise, practically begging us to buy at the lows and sell at the highs. We're in it for the long haul, so we're mainly dealing with spot positions Long and seizing opportunities to scalp during bearish trends. It's an exciting time for Ethereum,...

themarketknight

Hello, Traders, Let's take a moment to recap our recent trade ideas. The data we've been observing is changing daily, and our initial suspicion that last week's high was a mere fakeout has led us to anticipate a continued downward trend. However, we took profits at that point, opting to watch and see how the situation unfolds. Now, as we delve deeper into the...

themarketknight

EUR/USD, we're witnessing a development where recent price action is breaking through lower levels. This could potentially be setting the stage for a bullback, followed by a jackpot sell opportunity. As of now, the situation is dynamic, and the signs are pointing towards a market poised for significant movement. Traders and investors should keep a keen eye on...

themarketknight

For today's daily chart update, The Dollar seems to be capitalizing on bullish movements, originating from discounted price levels. In contrast, the signals emanating from EUR/USD appear somewhat mixed, leaning toward a bearish bias, especially if the Dollar maintains its strength. It's worth highlighting that the Dollar's price action is exhibiting a clearer...

themarketknight

Good morning Chart Surfers, In the world of Bitcoin/USD trading, we've witnessed a notable surge in trading volume that has brought us into a significant weekly order block. What's intriguing is that we've received a noticeable reaction from this order block, suggesting its importance. When you consider TPO chart volume data, which unfortunately isn't available...

themarketknight

Good morning, Over the weekend, the Dollar Index made an upward move, but it now appears to be reversing its course and heading lower. As for the EUR/USD pair, it seems to have opened in line with the previous Friday's balance, as observed on the TPO chart volume statistics. Our team, the Global Chart Surfers, has been holding short positions since last week....

themarketknight

Good morning, Weekend Money Makers! As we embark on another trading day, it's imperative to keep a keen eye on the charts. We've spotted a potential 4-hour decline forming within the Order Block. The question on everyone's mind: will we witness a market reaction? If the market responds as anticipated, I'll be making a short play, with a target set at the single...

themarketknight

We received bullish news for the dollar, prompting a start for the EURUSD pair.

themarketknight

Good morning, fellow traders. We're closely monitoring the weekly representation of EURUSD, where the plan is to react if it breaks the weekly previous highs. However, we haven't entered any trades on the EU pair just yet. We're keeping a close eye on the liquidity levels below us. If the weekly supply zone starts to break, we may shift to a long or consolidation...

themarketknight

Currently, our focus is on the volume profile's left side, where a single print and volume imbalance are evident. We're maintaining our position behind the daily fractal to avoid altering the market structure. It's our belief that market makers might be targeting the high liquidity zone around 1.0672, but this is just a theory. Furthermore, we find ourselves in a...

themarketknight

Regarding the EUR/USD pair, our swing trade attempt from the previous daily fractal high didn't succeed, and we observed a downward movement. Looking at the Fibonacci range, we find ourselves at the upper end of the range. We're in a bullish momentum unless there's a shift to the downside. Additionally, we've noticed a significant concentration of stops above our...

themarketknight

Good morning, traders. Yesterday, we witnessed a push down in the dollar and an upward move in EUR/USD. We're still trading within a range, and we noticed the first sign of weakness in the dollar index as it failed to make a lower low. Today, we have news releases that can influence the dollar, so exercise caution when trading dollar pairs. We're patiently waiting...

themarketknight

With the BTC/USD pair, we've entered a mid-range area. Our TP1 (take profit level) is here, primarily to secure a small profit. Currently, our bias is short-term bullish. However, we're anticipating two substantial bearish consolidations in the near future. If we observe a robust market reaction, we'll close our long positions and let the market provide new visual...

themarketknight

Good morning, fellow traders! The recent bullish run of the Dollar has been rather straightforward. However, now we find ourselves in a state of insufficiency, and we've decided to take partial profits on the EUR/USD pair. Our outlook for the week ahead is quite straightforward. Our entries will consist mainly of scalps with durations up to 15 minutes. Today, we...