-Previous Day candle closed bullish. If we are looking for buys we will take on until 19th Jan 24 order block. -If we are looking for sells we take on until 26 dec 14 bullish candle open. -Wait for 1 hour candle to close above or below zone. -We risk 3-5% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes in opposite...
The candlestick indicates a price fluctuating between consistent highs and lows as indicated by the resistance and support channel whereas the channel benefits as a guideline to predict price peaks and troughs. The price is within the lower channel and provides a buying opportunity. From the previous trades, there was no significant result in volume. Where the...
If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
Like NZD/USD, the Aussie is refusing to roll over despite a strong US inflation report. That is in itself a sign of strength. The daily chart is yet to see a close beneath the Q3 open, and the lows are holding above the 50-day EMA and 38.2% Fibonacci level. A bullish RSI divergence also formed from the oversold zone to suggest a swing low has formed or is...
Risk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the...
Index futures held their ground overnight, and the US dollar's rally is showing signs of near-term exhaustion. And that indicates a subtle change in sentiment ahead of today's open. The DAX found support at its 50day EMA on Wednesday, which is just above the 2021 high. Given a small-ranged bullish hammer formed alongside higher volume suggests a 'change in...
After a big correction last week where we saw a big shift on AUDUSD´s direction, driven by market's realization of how actually the FED would cut rates at a much lower pace than expected by the market, we saw a correction on downside pressure on DXY, gaining strength as well by US strong economy data releases. I am expecting a continuation to the downside, just...
the btc is losing uptrend line and we looking for short setup
BTC could be in trouble with a daily close below $41,229. It's been ranging since the initial run up that ended December 5th. It faked out to the upside, and is right back in the range. A daily close below $41,229 could send it back into the 30k range. Worth noting we did almost get a 100% move in 4 months. A healthy pull back might not be a bad thing.
Gold scalp trade for price to potential retest the low it created the previous week. Price rejected 2030.12 the previous week, retested today and successfully rejected again. From here we should see price give us a bearish impulse hence fulfilling our trade.
I believe we made the high of the week for Draft Kings or at least until previous Thursday's low is taken. Positioning for shorts to swing.
Nifty is trading in 180 points range from last 2 days . if nifty crosses above 21690 we will go long with strict stop loss and if bank nifty goes below 21480 we will take a short position.
ESTC making a nice run at the downward resistance on the daily. Printed a beautiful PEG after earnings in early December. Nice looking hammer candle during a weak tape suggests this should be a leader when markets bounce.
Hello guys, on eurcad we have a strong continuous breaks to the up side and we currently have a deep pullback at the discount pricing which we are expecting the market to continue higher .
Where price has rejected the level in the past, it has gone up to the next level. The current 4H candle shows a rejection of this same level and we can expect a move of about 100 pips to the upside to the next level.
Dow Jones index is trading in a strong bullish trend. After the market set the all-time high at the end of December, the market started to consolidate within a horizontal range. Bullish breakout of the resistance of the range is a strong trend-following signal. It may push the prices to 38400 level. ❤️Please, support my work with like, thank you!❤️
Hello guys, I hope you are doing well. Gold moved up from a four-hour demand area with the confirmation of the hammer candle that I told you yesterday, it has now reached a four-hour supply area, which I refined to the 1-hour and 15-minute areas. -If the four-hour candlestick above the dashed line I drew closes, other sell positions have higher risk.You should...
This are the key levels for swing trading . Nothing much to say , thats it... Xxxxxxxxx xxxxxxxx xxxxxxx xxxxxxx xxxxxx xxxxx X x x x. X X x x x x x x x x x x. XX xx x x x. Xx x x. X x x. X x x x x x ●○○●○●○●○