The DXY had a bad week last week and I believe this could be the start of a more sustained downward trajectory. Conversely Swissie has been on retracement for several weeks against most crosses, but we are seeing a broad recovery. My view is we're continuing to the downside, so I'm getting in short with a LTF confirmation next week.
My bias for the dollar is bullish, as I am expecting a major pull back from this key level of demand that we have marked out on the daily time frame. As you can tell by the price action, bearish pressure is now getting exhausted so, we will be looking out for a wyckoff accumulation on the lower time frame to give us more confluence that this move will take place....
Here is my latest structure analysis for EURUSD. Resistance 1: 1.0736 - 1.0775 area Resistance 2: 1.0920 - 1.0946 area Support 1: 1.0658 - 1.0684 area Support 2: 1.0495 - 1.0536 area Support 3: 1.0447 - 1.0468 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
USDJPY started to fall rapidly. Here are the important key levels to watch. Vertical Structures Vertical Resistance 1: Broken rising trend line Horizontal Structures: Support 1: 148.75 - 149.21 area Support 2: 148.15 - 148.50 area Support 3: 147.41 - 147.56 area Resistance 1: 150.05 - 150.38 area Resistance 2: 151.71 - 151.94 area Consider these...
USDCHF violated a key horizontal support. After a breakout, the price started to consolidate within a narrow horizontal range on a 4H time frame. Its support breakout - 4h candle close below 0.8852 will give you a strong confirmation to short. A bearish continuation will be anticipated at least to 0.881 level then. ❤️Please, support my work with like,...
Here is the update for our yesterday's setup on AUDUSD that we discussed on a live stream. The pair perfectly respected the underlined red resistance and formed a head and shoulders pattern on that on an hourly time frame. We may anticipate a further bearish continuation now. Goals: 0.645 / 0.643 ❤️Please, support my work with like, thank you!❤️
– Previous Daily candle closed Strong Bullish around 1981.600 forming Daily Support around 1959.600. – Buys on close above 1987.900 targeting Daily Resistance formed around 1992.800, Leaving Runners to the 4h Resistance formed around 2000.300 retesting Strong Key Level. – Sells on close below 1979.000 targeting 1h previous Resistance formed around 1973.700,...
After the release of US fundamentals, NZDUSD bounced rapidly. The pair formed a high momentum bullish candle and violated an important intraday resistance area. We may anticipate growth now. Goal - 0.603 ❤️Please, support my work with like, thank you!❤️
We have harmonic And we have support And we have demand
In early October 2023, we updated our previous forecast for the SPDR S&P 500 ETF Trust for the current year. Its price, after a short-term breakthrough of the triangle pattern (marked as (A)-(B)-(C)-(D)-(E)), returned above its lower border, and a new upward trend began despite the intensification of geopolitical tensions in the world, mainly due to the Hamas war...
GBPUSD has experienced a substantial 2R decline. Stops, as previously noted, were on the larger side, presenting traders with the choice of adopting either an aggressive or conservative approach. The conservative option offered a lower risk-reward ratio but increased the likelihood of holding onto the trade, while the aggressive strategy involved tighter stops and...
Dollar Index formed a huge bearish imbalance yesterday after a release of a CPI report. With one single candle, the market violated a significant demand cluster. It turned into resistance now. I will anticipate a bearish movement to lower levels. Next goal - 103.1 ❤️Please, support my work with like, thank you!❤️
Globalization is dead. The fat lady has sang, the dirt is piled high next to the hole in the ground, obituaries read, notices had been long mailed to all the parties concerned. All there is left to do now is to show up at the funeral - provided you are not too busy starving or freezing to death, or otherwise engaged with similarly pressing diversions. This IS...
– Previous Daily candle closed Bearish around 1959.500 forming Daily Resistance around 1963.200 leaving a Rejection wick to the upside. – Buys on close above 1963.500 targeting 1h previous Support formed around 1967.100, Leaving Runners to the 4h Resistance formed around 1971.700. – Sells on close below 1956.900 targeting previous Daily Support formed on 9th...
Here is my outlook for GBPUSD on the 4H timeframe.
AUDUSD H8 AUDUSD, a currency pair known for its dynamic movement during the eastern session, owing to its base in the eastern time zone. We observed a substantial decline of up to 1.1R in the previous eastern session, although it's worth noting that stop losses are set with a broad coverage, extending to encompass all previous wicks. Today, we'll be keenly...
Dear Esteemed TradingView Members, I n the world of financial trading, precision and insight are invaluable assets. In today's dynamic market environment, it's imperative to embrace the right tools that provide clarity amid the ever-shifting tides of economic forces. I n this piece, I delve into the intricate currency trading, focusing on the EUR-USD market....
There is nothing as exciting as finding market direction and having the market play out in your direction and according to your plan and prediction. From last week, we saw prices retrace bearish in our 4-hour zone. On Friday, at about 1500 WAT, prices finally dipped into our zone and from there we knew it was time for the long bullish ride up. Because we were...