Hello Traders! Price broke a swing high which can represent bullish momentum. This can also be a false break to get retail in long. I caution trading NFP and would play the sidelines still the trend becomes more clear.
Attention Traders! Ongoing geopolitical tensions are sending shockwaves through the supply chain, potentially reshaping the demand landscape for oil. Stay vigilant and adapt to the dynamic market conditions!
Greetings Traders! Dive into our 2024 daily insights where we focus on monitoring WTI Crude Oil. Join me as I guide you through the intricacies of daily price movements and strategies to navigate them.
Hello Traders! Bearish Trend Formula Swing Low Broken + Lower Swing High = Bearish Trend
Hello Traders! Trend Formula: Swing High Broken + Higher Swing Low = Bullish Trend (Vice versa bearish). Safe Trading.
Hello Traders! Just brining you to speed as posting everyday is not needed.
Hello Traders! UJ has created a swing low formation below the monthly opening price. Studying bullish month we often see this as a turning point for higher prices. Price also fails to break the most recent swing low and creates a higher swing low. If yen keeps devaluing over the days and weeks DXY should be more sought after
Hello Traders! We got another down closed day yesterday which I will consider as a long opportunity. If Yen keeps weakening I would suspect more strength into Cad dollar.
Hello Traders! NJ is currently in a large range cycle. I will not be looking to trade this pair. I need to wait for a small range cycle to kick back in on the daily chart. Overall I see this to be bullish with a weak Yen. CADJ looks better to trade.
Hello Traders! CJ is in s small range cycle. This allows us to now hunt and look to catch a large range cycle move. Price as formed a swing low formation below the monthly open. I am going to consider that a low the commercials purchasing in discount. At this point of that is going to be low or sponsorship higher I would consider longs to the nearest IPDA high....
Hello traders, Comparing the interest rate of different currency pairs can provide valuable insights into potential trading opportunities. Let's break down your observations and consider the key factors at play. The NZD/JPY pair represents the exchange rate between the New Zealand Dollar (NZD) and the Japanese Yen (JPY). The Reserve Bank of New Zealand (RBNZ)...
Hello traders, Comparing the interest rate of different currency pairs can provide valuable insights into potential trading opportunities. Let's break down your observations and consider the key factors at play. The USD/JPY pair represents the exchange rate between the US Dollar (USD) and the Japanese Yen (JPY). The Bank of Japan (BoJ) indeed has a history of...
Hello traders, Comparing the interest rate of different currency pairs can provide valuable insights into potential trading opportunities. Let's break down your observations and consider the key factors at play. CJ - CAD/JPY: The CAD/JPY pair represents the exchange rate between the Canadian Dollar (CAD) and the Japanese Yen (JPY). Again, the BoJ's negative...
Helo Traders! Still waiting for conformation for longs.
Hello Traders! I touch on USOIL in second half for a bearish example.
We can see the trend has continued back into a bullish flow. A swing high broken = bullish stage. This is the first indication of trend or direction. We need something to define what starts a bullish trend and it is this. Todays candle is in a large range cycle. We need it to go back to a small range cycle.
Hello Traders! Here we have my classic way of finding daily draw forming out. Currently price raided a swing high but failed to create a higher swing low. Instead of a higher swing low we got a raid of a swing low. If a swing low is broken the stage of a bearish tone may be underway. However, a trader must have patience and wait for a lower swing high to...
Hello Traders! We can see my narrative of a weak dollar and strong Cad was incorrect. We know the world currently is in a high fear status. US dollar are in demand. Overall, we can see not everything will be perfect. But do use this a learning opportunities.