Hey guys! its your girl forex potatoe, i have posted this analysis sometime back and the price never really held as there was no clear direction. So now here is a longterm position or swing trade on this pair with a very clear buy direction Confluences: Double or W pattern RSI Divergence Price currently above the moving averages Third touch Let me get your...
11 days and counting. 2195.15 daily buy stops was obliviated! What's next for Gold? I will be cherry picking the low hanging fruit and aim for 2154 as it has been a respected bullish imbalance for over 1 trading week. Saying 2146 is not on the cards would be an understatement. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have...
Market structure is what I would want to see when making the decision to execute throughout the week. I must admit, in comparison to GBPUSD, it's not pristine but still, money is there to be made! Wednesday is when Euro manipulated the bears by running on mid-week buystops + Fridays buyside liquidity pool before capitulating throughout the remainder of the week,...
Refer back to my weekly projection for cable attached down below as you will understand why my bias for the medium term is bearish. Going into this week, I see the opportunity for the accumulation of longs by smart money at the bearish imbalance @ 1.26843 - 1.26750 an option before repricing below the daily Sellside liquidity. I do not want to see the daily...
Similar to ES1!, I am expecting next week to be forgiving as we have seen a huge bullish run to 40316 without a retracement to the weekly EQ @ 39703 which I do believe is a strong possibility. Any major movements, I will update this analysis. 39767 is t1 39703 is t2 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...
If we are to compare ES1! with NQ1!, you will be quick to realise that NQ1! swept buystops, creating the highs at 18709 before swiftly trickling lower, printing lower lows and lower highs whilst ES1! has already closed above previous all-time highs before retracing. 18500 with 18492 being the first target with a stretch for 18382.75 throughout the week My...
Dollar index correlation with ES does not hold the same weight as euro and cable but occasionally, when Dollar rallies, ES struggles to trend upwards. 5285 highest FVG displacement is me going for a lowest hanging fruit with 5287.25 being my overall target for the week. 5311.75 intermediate term highs is where I will draw the boundaries with my short bias. I...
Last weeks fundamentals created fireworks in the market, with all the banks in the world except for Japan's has maintained their rates; 5.25% for UK and 5.50% for US whilst price action for the dollar as rallied. I am confident 105 buyside liquidity is in the cards to be purged in the near future but in the near term, I am expecting 104.660 to be met. That...
With bonds 90%* of the time doing the opposite to yields, its safe to say the bond market has a higher possibility of continuing the rally up to weekly swing high/low equilibrium @ 120.08 with a stretch target of 121.02. Playing safe this week and only aiming for low hanging fruits as the overall price action for the tickers I analyse does not give me all the...
Playing safe this week as last weeks projection was stretched to 4.401% but top formed @ 4.348%. Immediate Swing high and low in relation to current price means we are currently in a discount market with last weeks updated projection of 4.19% still up for grabs and macro EQ @ 4.137% also up for debate if the sell programme continues. My philosophy is...
After a violation of a key daily horizontal resistance, Bitcoin retested that yesterday. I see a cup and handle pattern on an hourly time frame, and a bullish violation of its neckline. I think that the market may reach 0.7157 level soon with a potential continuation to ATH. ❤️Please, support my work with like, thank you!❤️
At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
Entry Taken During London Session. 1. Daily Candle Strong Bullish Indicating Buys. 2. Price Created a New HH Indicating CHOCH. 3. Entry Taken at 30 M Break Of Highs.
Buy Superverse! One of my favourite coins of this bull run and it looks to be breaking out of this range.
On Wednesday, Japan's Ministry of Finance, Financial Services Agency and Bank of Japan held an emergency meeting to discuss the financial market. Makoto Kanda warned the market that he might intervene in the market. The USD/JPY and US dollar index subsequently turned from rising to falling. The decline in the U.S. dollar index in turn boosted the gold...
Chainlink has been stalling ALOT during this bull run. A nice breakout here should make for a clear and decisive move up.
After a downward breakout on the support, the price went to the lowest lower of 1.67. However, buyers went strong and rise the price. During almost 1 month, the price was in a congestion area, and sellers try again to break the support, and they failed with strongers buyers, making a three white soldiers, and crossing the congestion area. This area was crossed...
Following a trend in the market, we anticipate a subdued or sideways movement as we approach expiry. Scenario 1: Gap Up Opening Above 22200: If prices open with a gap up above 22200, resistance may emerge around 22231. We expect trading to oscillate between 22200 and 22231. Sustained trading above 22231 could propel prices towards 22300-22350. Conversely,...