Price is dropping towards the Order block which had a strong departure and is just placed below the PWL. I'm expecting the bounce in there and then I will speculate on the move up to the PWH. In COT data we can see that although the price is dropping lower the market makers are adding the longs, so it can be position-building. Always follow these rules -...
The USD/JPY is one of the sell pairs we have from the portfolio selection we did yesterday. The Major pull for us thinking of shorting this pair is the wave structure (3) Momentum Low; this price point has over 70% probability that at some time in the future, the price will come back there after a retracement. On Friday,15-minute timeframe, we saw a breakdown...
AUDUSD: Structure Analysis - LONG The price broke out from a strong structure zone rising in this way the chances for a bigger bullish move. The economic calendar is empty for today and it can spend some time in correction before the bullish move begins. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like...
EUR/AUD has made a bullish reversal off a pullback support and could potentially climb higher from here. Buy entry is at market (1.6240). Stop loss is at 1.6200 which is a level that lies underneath a pullback support. Take profit is at 1.6342 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Hello Traders! We can see that DXY has weakness and not gaining strength though the seasonal charts show higher dollar.
Hi everyone, I get this question occasionally, so I figured I would share my opinion on the matter. There are many misconceptions about trading or being a professional trader. One of them is, the more monitors you have, the more successful or advanced you are as a trader. That is complete nonsense. In this video I explain what I think the best number of monitors...
Plan for 20-24 May 2024 XAU - waiting for update all time high in middle of week EUR - price in rage, but in general wait for long SP500 - all time high already update, more likely will be range or some weak long
The Euro has reached the top of the channel and also slightly tapped above the previous month's high. I still think the price will go a bit higher, but this week could be a ranging or slightly corrective down as it's wave 4 which is re-accumulation. So I think we will go to the lower part fo the channel to the Weekly mitigation block and FVGs. Always follow these...
13-17 may week recap EUR - mostly long, I see some good trades XAU - also long 2 good setaps
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I think we will see a buy-side in the first part of the week. Even up to 3 STDs as explained in the video. A pullback to the Breaker and FVG confluence is my poi for the entry. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless,...
You can learn a methodology trust the methodology and be consistent. This weekly planning session is based on the H4 Indices, the idea is to do another major basket analysis after Tuesday trading. This analysis examined the AUD/USD, GBP/USD, USDJPY & USDCAD. H4 Indices Portfolio Selection BULLISH: AUD, JPY, GBP, CAD, NZD BEARISH: USD,...
On the daily timeframe, GBPJPY has demonstrated a strong bullish trend. Our main goal is to identify a buying opportunity that aligns with this ongoing trend. Assuming price action unfolds as discussed in the video analysis, we anticipate favorable trading conditions. The video covers critical aspects such as trend analysis, insights into price action, market...
I feed of information! And right now I am itching for more! Very tough to tell but with volitility ahead throughout the band of this week, PD arrays will be attacked in some way shape or form.
I wouldn't take a short on the USDCAD yet, they could easily sweep last weeks Wednesday high. What we are seeing currently in the USDCAD is a test of the recent swing highs and lows, which could indicate the Market Makers are building a book of orders. I would wait for the price action to get out of the consolidation and for there to be a larger displacement with...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 196.93 which is a pullback support. Stop loss is at 194.90 which is a level that lies underneath a pullback support. Take profit is at 199.52 which is a level that aligns with the 78.6% Fibonacci projection level. High Risk Investment...
In this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate...
USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3636 which is a pullback resistance. Stop loss is at 1.3675 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 1.3561 which is a pullback support. High Risk Investment...