Hey Guys!
The usd/cad's weekly bias was confirmed to be long yesterday. In this post I explain the setup as well as how I plan to trade this setup.
That's it!
I'll keep you guys updated!
Ken
Early this year price of gold went close to extreme Highs such as 1959. (2021 Highs) now same as last year with Powell and other major members of central banks keep hiking rates will now be a major force to be reckon with. Borrowing costs and loans are much harder to come by now. Panic is settling in as the fight against Inflation is becoming harder and harder....
Monthly chart starting to act more and more like September 2022 now! A push below last month's lows could really get the bears growling! Already a Bearish Engulfing Pattern forming on the weekly chart, and after today, the daily put in an Evening Star Reversal pattern! Such an important area!
The rally I had expected showed up, and now I feel it is time to have a cooling off moment before it decides where we head to next.
In order to save a lot of time, I've removed the trend lines I usually maintain, because it takes a while to have to draw them out, and just went with the major one that is in focus, and listing all the trends in the box.
Ultimately...
AUDUSD just made a new lower low. Thats inviting. I'm setting myself up to take another sell on her.
I discuss the details in the video.
Today, I'm going live at 1:00 pm EST. If you can't make it be sure to catch the replay.
I'll be chatting on how to analyze your currency pair for trading success.
I hope to see you there.
-Shaquan
3.7.23 This would be a reasonable short trade if you took your entry at the opening price which occurred at around 6:00 p.M. Last night. The details are in the video.
EURNZD: Ascending Channel - What To Expect From ECB?
Price is moving within a channel pattern as you may see from the chart.
During these days it was not clear at all and finally the price is down
to a critical zone again.
What may happen next?
You can see more details in the video analysis!
Thank you and good luck
Definitely an interesting move today moving the monthly candle in such a way, that the action is mirroring the September 2022 action! If that is the case, then a loss of last month's low could see some increased selling pressure. Interestingly, all before two days of JPOW testimony!
3.6.23 Earlier this morning we called for a long trade on the S&P 500, And the market went Higher to test A line that represented A gap lower... in other words the market traded to the sellers and then It reversed. So it went about $1,500 or more higher and at this time the market Is still hanging out at the area and May in fact go higher. It's not clear yet....
So I've taken the Lorentzian Machine Learning indicator as well as 2 other support/resistance + supply/demand indicators and added a Bollinger Band strategy to the Machine learning indicator which is now a combination of the Machine Learning indicator and Bollinger strategy and uses the same settings panel to dial in the merged strategy/indicator tool which is now...
CME:BTC1! CRYPTOCAP:BTC BINANCE:BTCUSDT INDEX:BTCUSD BYBIT:BTCUSDT.P BTCUSD.P
Bitcoin has respected the nPOC mentioned in my last video at $22100.
I talk about the scalp trades that are possible in this consolidation range and the larger areas of Support and resistance for Swing long and Swing Short trades
#BTC #Bitcoin
Not Financial Advice.
Paper trade...
3.6.23 This is part 2 of the ES..... specifically looking at gaps and price action around the gaps as I see them. This is my perspective. I am sure it will not Resonate with everyone. It may not work for everyone.... but it's how I look at the market when I look at gaps. You still have the other tools.... including Fibonacci extensions... and there will be...
3.6.23 The video is self-explanatory, but I'm a little frustrated with my presentation Of scalps. I don't have the time to do this video twice. but I will follow up with a short video to clarify Scalps that I'm looking at and that will be video 2. This is video 1
Gold Price easily goes up, We might see another Purge of buyers here!
This always happen before NFP, so becareful if you trade gold.
This iDea are for short term.
Another set of liquidity , last night I shared this to public group.
Today and this week, Were looking below 21800-21700.
Trade base on your understanding.
Follow for more IDeas.
