Price still in correction movement so the downside movement should be temporary and we need price reversal confirmation in first support. As long as there's no price reversal confirmation in first support, no need to entry
US30 LONG demand zone market structure liquidityGRAB correcation move
Yesterday we saw price reacting to 1,0678 which could be the bottom on the H1 trend. This is also a chance to enter aggressively right now with stops below 1,0678. It's considered aggressive only because price could reach the stop loss and this won't mean the trend has reversed, therefore price can then continue in the same direction. However, we're looking for a...
Hello traders: Looking at EURCAD's overall price action, there could be more opportunity for upside. From the higher time frame, we can see price has hit a previous swing lows, and started to slow down and consolidate. This could lead to a potential double bottoms for upside reversal. On the mid time frame, we can see a clear descending structure correcting...
H4 - Price is bouncing higher from a key support zone. Bullish divergence. Expecting short term corrections to happen here. H1 - Bullish convergence. Until the key support zone holds my short term view remains bullish here.
Hi traders: SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future. We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure. With a few swing highs and lows, price has slow...
Hi traders: Also eyeing MATIC for the bullish long term opportunity. From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction. Price begin to form into another consolidation for possible another up move. On the lower time frame, we can see a few good bullish price action. Double bottoms, bottom of...
Hi everyone: Ether is also developing nice bullish price action on the higher time frame, and if the lower time frame develop bullish reversal price action, this can start off the next bull run. After the initial bullish impulse up move, price naturally falls into a consolidation/correction. With a few swing highs and lows, price has created a larger, higher...
Hello traders: Also on watch for the week ahead is DOT. Majority of the bigger cap coins are developing similar across the market. Here on DOT, we can see the higher time frame has formed into a nice expanding structure, correcting for the previous impulse move. The latest development has shown price hit the previous lows, potential double bottoms. Last...
Hello everyone: Here on Bitcoin, from my previous outlook and forecast, price indeed made that bearish move down to the lows which was expected. Price pushed to the bottom of the previous lows, since it needs to develop a bigger continuation correctional structure for the higher time frame next impulsive move. We can see now price has indeed hit the lows, and...
Hi traders: Also keeping an eye on NZDCHF bullish price action development. We can see from the higher time frame, price has a strong bullish impulse phase up, and falls into a larger, continuation flag structure. Within the larger structure, there are many corrections that moves up and down to form into this current large structure that the price is...
Hello everyone: Similar like NZDUSD, we can see here on NZDCAD has very similar bullish reversal price action on the higher time frame. Price is currently in the large, descending structure, correcting the price down. With multiple swing highs and lows, we can tell this is the correctional phase of the market condition. Latest development give us a lower...
Hi everyone: AUDCHF has good bullish price action that can lead to another buying opportunity. WE can see from the initial impulse phase that leads into a continuation correction. From the continuation correction there is a confirmed impulse up, out of the correction. Good signs of more bullish momentum. Now that we can see price has also formed a lower...
Hello traders: Here on NZDUSD, price is once again at the bottom of structure, and forming possible reversal price action. From the higher time frame, we can see strong bullish impulse up to reverse the COVID sell off, and price begin to form into the flag/descending channel structure. On the lower time frame we are seeing the correction continue to develop,...
Hello everyone: AUDUSD has started to form some bullish price action on the lower time frame, and we could potentially see some upside move very soon. Start from the higher time frame, after the COVID sell off, we see a strong bullish impulse up move form the price. Naturally price will need to correct to continue, so we see a larger, flag/descending...
We were expecting a reaction of the sell area but right now, it looks like this move doesn't have enough strength. That's why it's probably best to stay away from trading the EURUSD. It's more likely that we will see a drop to around 1,0540 followed by another move up later before the actual trend reversal on H1. As of right now, it's best to wait for a better...
When price moves from A to B, it rarely moves in a straight line. To get from A to B, price moves in that direction, retraces a little, then moves in that direction again. Why does that happen ? 1. Natural supply / demand dynamics The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The...
USDJPY Intraday - We look to Buy at 126.05 (stop at 125.50) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Bespoke support is located at 126.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore,...