BTC is still bullish we are just facing a short term retracement before actual pump start
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Wait for 58k or 59k before considering going long
Overview:
After observing a consolidation period on the 15-minute chart, XAU/USD is showing promising signs of a bullish breakout. The chart attached highlights a critical break of structure (BOS) along with a forecasted path that suggests a possible uptrend continuation.
The recent price action has breached previous short-term lows, indicating a potential...
EUR GBP Break Of Structure on the short side. Possible downward price action into the support zone I have in diagram. Look for a short entry on weakness of price at a lower timeframe like 1m or 3m. Cheers, Chris
EURGBP_2024-08-13_16-25-09_e4e4a.png
Looking into ETH on weekly TF gave a bias of waiting for it at 1.2kish
I will advice to stay away from longing it for now
I will keep shorting it till it come to that entry
follow for long term update
BTC already look bullish again after deep correction from previous pump and now we should be expecting an healthy correction to the bullish OB below on 4hrs TF
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Wait for entry on this and take a perfect long after entry mitigated or set an order as displayed on the chart analysis
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I see there is a demand zone in GBPUSD M15. After there is movement, the structure breaks. Starting scalping trading might be a sensible idea,If an ema user targets an EMA of 200 H1, I think the price is quite possible to get there. Hopefully I'm really. Happy trading. Keep trading safe with SL.
Note: any risks regarding this trading idea are not our responsibility.
The audusd pair breaks the resistance level at 0.66500 and closes the candle above this level. Now the market is testing again this level to give a big move to the upside level. There is also another strong resistance level at 0.68500. the market breaks this resistance and then turns into support, and if the market holds this support level of 0.66500 then we see...
At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes:
- Making sure the timezone is set to New York time
- Making sure we're on the 5 min timeframe
- Marking the trading period from 00:00 - 08:30
- Marking the high and low of the zone
Next, we patiently awaited price action...
At 8:45 AM EST EURUSD made a big move down that took out the Judas Swing Zone Low. Then it came straight back up to create a BOS(break of structure).
After the liquidity grab at the low and the subsequent break of structure (BOS), we patiently awaited a retracement towards the initial Fair Value Gap (FVG) that emerged during the displacement leg.
We...
It seems as we are getting some interesting potential setups as BTC has some difficulties moving above the supply between 67.000$ and 68.000$. Therefore I think we have to "reload" for another push upwards. For this reload I am eyeing the FVG at 65.310$ and the demand below it to hold. Ideally this could be just a wick . down below our range that we have...
BTC Looking bearish and bullish in 1hr TF so I will advice you be patience at this point.... Is good to take a quick long on BTC with 30mins bullish OB below but if 1hr bearish OB above mitigated before 30mins bullish OB mitigate mean that you should consider taking short after 5mins CHoCH to downside after the bearish OB mitigated
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BTC UPDATE: At this point we really need a lot of patience in the market before we can say we want to bag spot…. There is a potential that BTC will first pump to 68.9k before dumping to buy wall zone on daily bullish OB below at 51.6k….
My little advice is don’t rush into market at this point and wait for a better correction in market.
My view is we will...
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
