We are expecting further extension to the upside to grab liquidity before looking for a sell opportunity using the smaller timeframe.
I'm anticipating price taking out the highs and the stop losses for some short people getting in the shorts too early. I have a sell limit at 1.008
Due to hawkish speech at Jackson Hole by Chairman Powell , could Dollar Index would be back on Bull Run again or is it still waiting for next month incoming datas ? For Wednesday (31.08.2022) , price might get bullish around asian and euro open session , it might pullback around New York session !
Bullish Engulfing Candlestick for GBPCHF. For Forex Mastery Institute (FMI).
USDCHF-Bearish Reversal Engulfing Candle. Homework for Forex Mastery Institute (FMI).
looking for the daily IMB to get filled up and show evidence to distribute towards the downside. just gotta stay patient and see what price shows. let me know what yall think!
I'd like to see price pull back into the unmitigated zone for a possible sell opportunity
The 80 fib retracement and FVG hit expecting dollar to strengthen further Wickedfx
After today's movement and a look at the dollar index it seems dollar is set to weaken before continuing higher, I'm looking for EU to trade into this area then take out last week's high into some higher timeframe FVG WickedFX
As I elaborated in my previous idea regarding precious metal silver (see related idea) that tide is bearish for sure. We are witnessing a complete subjugation of the silver metal price to the USD. It tried to retest the last support region starting at 21.10 but miserably failed giving out an outrageous weekly bearish engulfing like Gold. What we are expecting is...
EG is approaching an excellent Supply Zone on the 4H. We should see a very nice reaction here and a large drop to follow!
Price action analysis on WTI Crude Oil. Structure & key levels. Potential scenarios and thoughts. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Details on chart - entry on the 1m as shown here using volume to our advantage
*trading opportunity* Nothing too complicated here - on the above monthly chart a regular bullish monthly divergence is visible following a heavy oversold condition (orange column). Why bullish? 1) Double monthly ‘Dragonfly DOJI’ candles. 2) Higher highs in the oscillators as price action makes lower lows + Volume increase. 3) Monthly Bullish engulfing...
CHR has been moving through the same range since mid may between the quadruple bottom at $0.15 all the way up to $0.285 separated into 4 quarters that can be traded between fairly reliably. NOT FINANCIAL ADVICE
As you can see, a shooting star has appeared just above the 50 MA. After a solid run it failed to break the down trend also. This is a strong bear signal. I will be setting a short. Thank you all for reading. Good Luck
Gold closed lower on 1H timeframe. Low risk setup based on price action
GBPUSD broke and closed below a key daily structure support yesterday. Taking into consideration that the pair is trading in a long-term bearish trend, that violation will most likely trigger a further decline. Next support - 1.16 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️