4H Chart Explanation: - Price was on an Ascending Wedge since August. - Price bounced on the Resistance Zone. - Price broke the Ascending Wedge. - Now, it has potential to move down towards the Support Zones. Weekly Vision: Daily Vision: Updates coming soon!
EURUSD is bouncing from the important zone of 1.111 , and I am expecting trend continues to go up.
With this trade setup, we're looking to take advantage of market structure. A confluence adding an additional detail of confluence is the key institutional level of 1l12. The right should (15m was valid), and no we see a nice shooting star 15m pattern before getting choppy. At the moment 1.12 is holding as resistance. We will be looking for a retracement extension...
With an entire year of liquidity ahead of us we can finally remain back to normal. However with the increase in unexpected geopolitical risk, we've seen metals, oil , and a general risk-off sentiment seen by the market. We can now trade with the expectation of normal liquidity as major smart money and institutions are back online.\Make sure stop loss are in place...
Banco Santander looking like an interesting setup for a long term trade. It has broken the downtrend and it has broken horizontal resistance. Full disclosure I have been long since 3.80. I may add to my position if it holds support at 4.22
Looking at the recent changes in Brazil the technicals and fundamentals are lining up for a stronger BRL. BRL may open stronger Thursday, as the central bank delivered an expected 50bp rate cut, but notably removed the following sentences from the statement. “In the Copom evaluation, the evolution of the basic scenario and the balance of risks prescribes an...
I'm expecting a quiet day tomorrow, but you can see a new higher high is forming I think, and I think a higher low is due where we will execute. We are prime for next week to take the Euro short.
After failing to clear 1.12xx before Christmas it is a good time to update the infamous macro chart. The floor is showing signs of permanently raising higher and with markets itching to play the reflation theme in H120, USD devaluation entering into play via Fed flooding USD supply side and we are going see a sharp reversal triggered here with momentum on the...
I am so proud of the UK. In the 1930s they rejected the growing populism in the world, and in 2019 they did the same. All the propaganda, all the demonizing, and the forces of anti-freedom still lost, but a huge margin! And if europe falls, we shall go on to the end. We shall fight in France, we shall fight on the seas and oceans, we shall fight with growing...
After waking up to about 30 requests for the Euro , here's the TA. We started the week neutral with the bias set because of the amount of confulneces on each side. Fundamentals sinc ethe markets opened have shown a bullish bush from that price, however the market still is yet to remain to display apparent and straight forward price action. Trading the Euro right...
This idea is similar to my GBPAUD idea which is still valid. Awaiting the break and close is our trigger. EURAUD hit a resistance zone at 1.6320. We have been in an uptrend, but one factor which goes against this idea would be the swings, or higher lows, are not very prominent. However, there are 2 swings in the trend which is good for our trading. We can see...
Daily Chart Explanation: - Price the Weekly Triangle. - Price is currently on a Bearish Corrective Structure. - If price breaks the Structure, it has potential to move down towards the Support Zone. Weekly Vision: Updates coming soon!
DAILY TREND LINE HAS BEEN HIT, AND WE HAVE BANKS HOLDING 81% SHORTS, SO WE CAN EXPECT A BEARISH MOVE TO THE MIDDLE BAND, i will be selling below 120.078
Daily Chart Explanation: - Price bounced from the Support Zone and went towards the Resistance Zone where it is now. - Bearish Divergence on MACD. - If price starts its down move from here, it has potential to go towards the Support Zone one more time. - We are looking for sell setups on lower timefremes. Weekly Vision: Updates coming soon!
I am testing this finding. It it works then you can add it to your tool arsenal. I wonder when this opportunity will occur again though. The more knowledge you have, the better.
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.621 ...