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Overall structure is bearish on Monthly, Weekly, Daily and H4 but price is reaching a support level and we are looking for buy opportunity when it reach support level. We will buy the counter trend until it reaches the last support that was broken on the daily timeframe.
according to our analysis EURUSD has touched support level and the next step is to look for a buy entry. To place a buy order go to H1 for a good entry.
Momentum precedes prices.
Yesterday the CAD/JPY broke down sharply below key structural points. The discounting in price (Retracement) was very deep and slow.
Now, based on the reappearance of the 4th structure (Blue Dots) which to us indicated that we can now look for a sell setup. We executed a sell using the WT Candle plus break of the London session market...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
FX:USDJPY
Preference:
With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low.
Alternative Scenario:
With multiple rejections above the highs, liquidity retests above the highs are also possible....
FX:GBPUSD
We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move.
Alternative...
OANDA:EURUSD
Preference:
Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain...
FOREXCOM:XAUUSD
Over the past few weeks, gold has continued to break structural levels and create higher highs, adhering to the upward trendline. We have reached another pivotal area on Gold. Price is showing early signs of exhaustion on the smaller time frames. We also have multiple areas of liquidity created by the price rejections that form new micro levels...
All the time frame are lining up to go bearish. We are just waiting for the entry confirmation on our entry time frame. H1 is our main time frame we will be analyzing every day for entry.
🌟 Good morning fellow traders! 🌞
I hope you're all enjoying a wonderfully relaxing weekend! 🏖️ Now, let's dive into some exciting insights for the week ahead, specifically focusing on $XAUUSD.
In my latest video, I've covered everything you need to know, from the broader perspectives down to the nitty-gritty details. 📊 Whether you're a seasoned trader or just...
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My views on arb.
Not financial advice, do your own research.
Traders,
In this market update I am discussing the numerous "M" Patterns that I am seeing on the crypto charts. We'll talk about where we possibly could pull back to. And we'll take a look at the U.S. stock market: DXY, VIX, SPY, and NVIDIA and the impact they are having on crypto right now.
Apologies for the quiet voice. I will ensure this is fixed before the...
Retracement from day high, reversal on fib, target day high.
We can see frequent buy sell on the same level at 165, amazing war between bulls and bears, let's see where it goes
Personal view only, DYOR
