Today we turn our attention to the weekly chart. Last week EURUSD dropped to 61,8, went below previous lows and pulled back. This way we have signal candle from weekly chart and trend reversal is possible. We are starting to watch for possible buys and targeting the 1.1130 and 1.1200 levels! Banks in the US will remain closed today!
AMEX:SPY February 19, 2024 15 Minutes. 498.5 was protected and 503 was not crossed. For the day I will consider 2 rises. 490.72 to 502.86 and 494.4 ad 502.86 498 +- 0.5 becomes crucial today. No trade day today. I will watch for a setup to emerge. Holding the longs still and will close if 495 is broken on the downside. If AMEX:SPY is between 497 and 503...
Good entry point for sell is 2013 and for buy 1966. It highly likely that gold will retrace first to 2013 before continuing it bearish trend.
D: Uptrend, price retraced 38.2% 4H: Downtrend, price retraced 38.2% and hit -27 on 4H fib + Bullish divergence 1H: Uptrend, price retraced 100% due to news! CURRENTLY: I'm looking for price to break above minor support/resistance zone and go long to previous resistance
D: Uptrend, price retraced 50% 4H: Downtrend, price retraced 38.2% and hit -61.8 on 4H fib + RSI is Bullish 1H: Uptrend, price retraced 61.8% and hit -27 so far CURRENTLY: I'm looking for price to go long to previous support/resistance zone at the monthly key level. FIB Exits TP1 @ 0% TP2 @ 27%
Therefore, when I first started, I had an incorrect image, but it turned out to be a good thing since I checked it twice. Additionally, after I finished my fundamental analysis, I saw that it did not line up with my technical analysis. I performed a second check, and I discovered that I had been incorrectly marked by technical analysis. Of course, we are humans,...
I'd be interested to observe if the price initiates buy orders, capturing resting liquidity around previous highs, before transitioning to short positions. Let's wait
A pullback to the Optimal Trade Entry (OTE) Area, accompanied by a Fair Value Gap (FVG) formation on the 4-hour chart and favorable liquidity resting, could serve as a strong trigger for buy positions.
We're aiming for the price to reach the Optimal Trade Entry (OTE) Area, which also coincides with an (OB) and liquidity resting on the 4-hour chart. This convergence could potentially trigger buy signals.
Considering the bullish trend of USDCAD, it seems prudent to continue seeking buy opportunities, especially since it has already mitigated the Optimal Trade Entry (OTE) level. There's potential for another bullish rally. Conversely, if we anticipate a bearish week for the USD, our strategy would involve looking for short positions until liquidity areas are mitigated.
I anticipate a bearish week ahead, as I believe the price may need to mitigate a beautiful Fair Value Gap (FVG) on the 4-hour chart. Additionally, it could pull back to the Optimal Trade Entry (OTE) Area, where it might begin to gather confluences for potential buy opportunities.
The price may potentially begin to exhibit bearish signals as it enters the (OB) zone. Alternatively, we could await the mitigation of a Daily Fair Value Gap (FVG) and the emergence of short opportunities.
OTE has already undergone mitigation. However, there remains a portion of the FVG (Fair Value Gap) that could potentially provide the impulse to seek further short positions.
Aiming for the price to undergo a correction from the 4H OB and retrace to the OTE (Optimal Trade Entry) Area of the last bullish impulse.
Waiting for the price to reach the Demand Zone before continuing to search for short positions.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 30/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our...
Waiting that price reaches the Supply Zone, and the OTE Area. This could give us potential shorts opportunities.
Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the...