looking at todays high and low to be a point of reference going into tomorrow because market could sweep todays high and then show signs of bearishness on the LTF to continue towards the downside but first do want to see what happens within the 4H IMB that was created today on the move towards the downside
markets are dropping drastically and can continue after a pullback. i have highlighted the best place to short trxusdt.
As the pair is making a bullish correction From the depths of the oversold pit And we are seeing a bullish breakout Of a horizontal key level Which indicates that after the pullback And retest the pair will most likely keep growing
EUR/USD 1:20R Short 06-09-2022 Supply/demand - SMC trading EUR/USD
It is trending upward and purple box is a good entry point since the price reacted to it once. There are sellers waiting at the red box so it is a good TP location. Closing under 0,125 invalidates the position.
Multiple time frame analysis on Gold. Bearish outlook explained. Price action & key levels analyzed. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
It's only analysis .if you think it's correct, you can enter the trade with suitable volume and stop loss.
After a significant big drop, GBPUSD was held by the weekly support level (yellow colour) and was pushed to the upside. In the daily time frame we can see that the yesterday’s candle was a strong bullish one, and today’s candle has been opened above the yesterday’s one. Currently, price is facing an upside pressure in 4H time frame as well. There is a resistance...
EUR is very weak and GBP is very strong this week among other assets, and as you see in the 1H time frame, price has started a sharp downside move and has made a lower low. Currently, price has approached to the support level at 0.8573 and has been pushed to the upside. There is a probability of some retrace and rest for price and then a continuation to the...
Take a look how perfectly EURNZD has respected the confluence zone based on 786/50 retracements of the last bullish impulse. The market was nicely rejected and formed a double bottom formation then. I am currently holding my buy limit order on a retest of a broken neckline of a double bottom. Initial target will be 1.645. Stop loss lies below the lows of the pattern.
Details on chart - entry details with technicals and fundamentals on the chart
After rising for quite a while, the price has finally reached an important area of resistance. Looking at the historical price action, we can observe how a nice double top was formed earlier in July of this year before a bearish rally happened. Paying a close attention to the current price development, we can infer that there is a high possibility for another...
Based on cycle theory and on a 1 min chart price should drop under the cloud and resurface in the next 30 mins. A change in direction should start at 19:59 est time and another big push should follow. by iCantw84it 09.05.22
AU is coming into a 50% discount for a low resistance liquidity run. This could give us a potential setup on LTF
Noice bearish hammer on F monthly good all the way down to MA 100. There's indecision candle on daily to enter early, but I would wait till monthly triggers in.
IWM daily gap and go that didn't go. strong selling. I think we are going lower.
looking for a selling opportunity early in the week to continue clapping out the liquidity that's on the bottom side.
The dollar seems to have broken the previous resistance pretty easily. We have a nice wick on the 4HR TF bouncing right of a weekly support level. The dollar may have another strong bullish week