On the above 12 day chart price action has appreciated 70% since late 2022. The outlook for future growth maybe about to change as the flood waters threaten to submerge the performance of this Munich based institution. Why the bearish outlook? 1) Price action and RSI support breakouts. 2) Volume is exiting the market following overbought conditions. See 2 week...
Weekly: -Sellside liquidity taken. -OB. -FVG is acting as support. Daily: -Bullish M pattern. 4H: -Bullish M pattern. -Inverse H&S pattern. -IC.
based off previous weeks, price has been rejecting off this area, so there is a high probability this will happen again, Hence why taking advantage of the confluence available and getting in on the move Market Structure Bullish on HTFs 30% Weekly Rejection at AOi Entry was at the Daily AOi Daily rejection from AOi Around Psychological Level 1.27000 Touching...
On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Look left. Price action has now confirmed support on past resistance. 3) A weekly life cross prints. 4) Lastly, price action has exited a bull flag. The...
On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Past resistance confirms support. (yellow arrows). 3) Regular bullish divergence. Multiple oscillators print positive divergence with price...
Since publishing the long idea in late August at $4.29 (orange circle) price action has zoomed up 1000%. Not bad. A number of reasons now exist to be short. They include: 1) Price action has arrived at significant support and resistance, $41. 2) RSI is @ 95 on the 5-day, 97 on the weekly chart. The highest in the history of this chart. 3) Price action is four...
Pepe created fresh demand on the daily time frame. The zone is above the trendline, so we can use a buy limit order the first time. However, the second time, use confirmation
Friday's nonfarm payroll report took many by surprise to send the USD dollar sharply higher against all of its major peers. And that clearly took it toll on the Aussie, which suffered its worst day in five weeks. A bearish outside week formed, all thanks to an elongated bearish engulfing candle on Friday. AUD/USD managed a minor rebound from its 100 and 200-day...
I saw that there was a clear base ( RBR ) on GBPAUD, after the price rose on Friday last week. The GBPAUD plan takes the BUY opportunity if the price enters the base. Look at the chart. This plan is not a recommendation for making GBPAUD trading decisions, all profits and losses are not our responsibility.
Market Structure bullish on HTFs 30% Weekly and Daily at the same AOi Weekly Rejection at AOi Weekly EMA retest Strong Weekly bullish engulfing close Daily Rejection at AOi Previous Daily Structure Point Around Psychological Level 1.63500 H4 EMA Retest H4 Candlestick rejection Levels 5.31 Entry 105% REMEMBER: Trading is a Game Of Probability ...
I believe we are about to see a movement many are just not expecting; whether that's to the upside or downside.... that's anyone's guess but if I was to put 50% of my chips on one side, I'd go for red.
Volatile week ahead and a lot of money is on the table to be made. Interest rates has dropped .25 basis points and the opposite effect has happened with dollar denominated pairs. The question is, will NQ bend it's knees??
I would like to see more data before attacking sellside but with dollar shooting to the upside and FX pairs following with stick index pairs lagging, I'm betting ES, NQ, & YM will catch up.
GBPNZD may drop from a key daily resistance. The pair is trading in a long-term bearish trend and an intraday price action on an hourly time frame leave clear bearish clues. I anticipate a retracement at least to 1.077 ❤️Please, support my work with like, thank you!❤️
Last week, NZDCAD corrected to a key daily horizontal structure support. This morning, we see clear sign of strength of the buyers - a bullish breakout of a narrow horizontal range on an hourly time frame. It looks like the pair returns to a global bullish trend and a correction is over. Goals: 0.8435 / 0.845 ❤️Please, support my work with like, thank you!❤️
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside As mentioned in yesterday's analysis dated 09 June 2024, price may continue bearish which would bring bullish CHoCH closer to current price action. Price has now printed this, allowing for a more realistic indication for bullish pullback initiation. Strong...
Price printing structure as last week, I am aware that anything can happen, but I am using the law of probabilities and the confluence infront of me. Market structure still bulllish on HTF 30% Weekly and Daily at same AOi Weekly rejection at AOi Daily Rejection at AOi Around Psychological Level 1.27500 H4 Touching EMA Candlestick rejection Rejection from...