This chart has recently shown 3 equal patterns, the price goes straight up and then retraces down in order to take retail sellers/buyers liquidity
We can identify 2 majors are where the price could reach during next week
CitiGroup Bear Flagging hard. Very high volume selling. I think there's more to this story than the public knows yet. All banks having a terrible day despite beating earnings expectations. I just don't trust the CLO exposure that these banks have. Citigroup may be in for a world of hurt soon if they overleveraged themselves. If Citi goes under we could see...
Follow along with me here since I posted my last idea about this (see my linked ideas) Gold has done some interesting stuff. And now that I've had time to digest it, I understand what's going on (kinda).
Ever had a trade where you knew you had the trade correct, it hits your sell limit and takes off and your twenty pips up. And before you know it, you 50 pip...
- Bank and Institutional are still holds their JPY LONG Position and suprisingly there's a quite big Ammount of New LONG Position of JPY in last 2 weeks, while USD is still under confusion and bad news, Big Banks still hold their SHORT Position on USD, we can expect a Bearish Trend on USDJPY in a week a head.
- Price is...
My Analysis on AUDUSD
( Fundamental Perspective )
Big Banks are gradually Closing their Short Position on AUD From March but in the last few weeks they are CLOSING LONG Postion in a big ammount, there's a Bearish Opportunity on AUD for Shortterm.
( Technical Analysis )
( Scenario 1 )
- Wait for Price Action on 0.618 RED, if Bearish candle confirm you can open...
My Analysis on NZDUSD,
NZDUSD Potentially getting a Bullish Position in a week a head, Institutions are open LONG Position on NZD, there's a chance for NZD getting Stronger on USD.
( Technical Analysis )
- Wait for a price action on 0.382 FIBO
- Candle should confirm Bullish and Open LONG Around 0.382.
- The Red Line is a reversal...
Boom. Entering London Session. Im pretty bullish on this pair for the time being. DXY is shooting so its only right for this pair to drop. Im expecting for the banks to push price against the trend and then continue pushing up. I have a fib zone drawn on the four hour in which price is currently in. My entry is near the .618 zone as well as a QP. Hopefully price...
I believe EurAud will drop simply because it’s formed a lower low and a lower high on the daily timeframe, hence a bearish structure.
The reasoning behind my entry, is because there was a liquidity capture with that institutional candle (highlighted yellow candle), clearing equal highs (highlighted red ish).
The specific entries are at the body and 50% of that...
My thoughts on AUDJPY were short overall, but taking a look at current price action on the 1H chart also presents a short term buy....
Price today touched the .618 retrace of that bearish move, which is also the third touch of upper trend line. Immediately after the touch, price created a nice bearish engulfing candle, enticing sellers to jump in. But what...