We have our sell from Friday - it is important to note the supply is in the purple box showing where the supply block and wicks are located. 1.865 showed us the real volume wicks where the orders were hiding. We sold due to price kissing the true zone of orders and a great indecision candle Lower zone had a great doji which is what we needed to draw the zone....
Bullish on daily TF, as long as $62.75 holds. Fib levels shown below. Weekly - Possible cup forming and bull flag, but there is bearish RSI devergence. Options - On Friday, April 17, 2020 , 3,850 contracts were bought of the $72.50 call expiring on Friday, May 15, 2020, which are still in OI. 8.5% Move expected. May 8 P/C ratio .42, May 15 P/C ratio .25. Q1...
XEMBTC Evening Traders! Today’s update will be on XEMBTC – trading at the top of its potential ascending triangle in a bull flag formation. Points to consider, - Trend respecting ascending support - 200 MA broke (S/R flip) - Structural Resistance zone to close above - RSI respecting Support - Stochastics bouncing - Volume profile climax evident The...
USDBRL - Highest monthly close ever The Cup and Handle is happening
Could the absolute bottom for XRP be $0.1255? It lines up to perfection with the previous 'wick'fished' support level back in July 2018 using the Fibonacci 1.236 level. The more and more I track FIB levels, they continue to be respected in very manipulative and almost predictable ways. Follow me on Twitter for XRP news, updates, opinions and chart-analysis...
GBPAUD There is a bullish divergence present that I believe it will do a short rally from wave A->B but I don't see this as the bottom of the retracement as Eliott Wave doesn't show it's finish. Waiting for the retracement to complete then will be bullish. Will become ultimately bullish if it breaks above the 5th wave.
Powell's more hawkish than expected commentary after he announced a 25bps rate cut and indicated that there would be no further rate cuts going forward USDJPY jumped from 108.7 to 109.2. We expect the currency to keep rising in particular if the global economic growth is not weakening and there is no worsening in trade relations between the US and China as the YEN...
After making a double bottom market got some time to renew it's momentum and this make spot market weak. Let's see how this will unfold !
Hey Everyone, NZDUSD is Extremely Overbought and with current price hitting the 0.618 Level of Previous High Swing and around 5 PIPS above there's SUPPLY Zone in accordance with Dynamic Resistance (Pvr.Tested) and hence it's an amazing opportunity to SELL NZDUSD with these preferences, SELL NZDUSD - 0.68054 (NOW) STOP LOSS - 0.68668 TARGET - 0.65788 More updates...
Wait for the break and then the retracement back for a long opportunity
maybe its the end of the pullback ..wait for some bearish candles and rejections for enterin short
Hey traders ! So as we wait for our EURGBP trade to unfold, There is something else on the radar that we can be taking advantage of. This is a structure trade using some simple tools to validate and confirm the trade. The trading opportunity comes from the bearish outlook on the trading timeframe, and recent bearish sentiment on the daily timeframe + the...
An update on the swing projection of the DAX. The price target has been reduced a bit between 11.100 and 11.300. The recent concentration of price might have been the 0.23 fibo level. If the consolidation takes places for a longer time like the red line shows then the price target would be the same but be hit later. Price should not fall below 10.400. Notice ...
The Chart shows a pair that broke out of balance to enter extreme volatility as the trend fails to assert itself. Volume has declined significantly after the break. The reversal to the downside was also on declining volume. Typical of a market lacking in confidence. Participants are waiting on new information. I suspect Cable will rally into prior excess points...