Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
The Loonie asset would observe a fresh upside if it breaks above April 12 high at 1.3786. This will drive the asset towards November 4 high at 1.3843 followed by November high at 1.3901 On the contrary, a downside move below April 9 low at 1.3546 would expose the asset to the psychological support of 1.3500. A breakdown below the latter would extend downside...
1h - On the hourly timeframe, there has been aggressive movement over the past two days without any correction, resulting in significant unabsorbed liquidity above. It would be beneficial to observe sideways movement in the Asian session with liquidity absorption below, followed by a structural shift to a long context.
Japanese Yen sticks to modest gains against USD, not out of the woods yet The Japanese Yen attracts some buyers and recovers a part of the post-US CPI slump on Wednesday. Intervention fears, along with a weaker risk tone, underpin the JPY and exert pressure on USD/JPY. The divergent Fed-BoJ policy expectations should limit any meaningful corrective slide for the...
1h - On the hourly timeframe, we have FVG from both sides, the overlapping of which is the main task in working with liquidity. Based on the higher timeframe, I anticipate a strong reaction towards short positions during the news.
usd jpy got break out make a long trade as shown in the picture, follow for more live updates @FOREX_TRADER_007
#EURUSD day Plan Short context on all timeframes, with the scenario canceled in case the price consolidates above 1.075
“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
“The next move probably hinges on this week’s PCE Index release. Evidence of further disinflation in the U.S., which would ease fears of prices accelerating or at least re-anchoring at a higher level, would be very bullish for gold.” Gold prices hit a record high last week after Fed policymakers indicated they still expected to reduce interest by three-quarters of...
After analyzing options trades on CME, we found a promising opportunity to short Canadian Dollar. The option contract is for April with an expiration date of April 5, 2024. We noticed an interesting option portfolio on March 22 that aligns with the trigger level on the futures chart (refer to chart). A trigger level is a graphical pattern on the underlying asset...
The pound, like the euro, is in a long context, with clear work on fractal liquidity below. The main intraday target is the high formed on Tuesday.
Good morning, I plan to continue working in the long context following yesterday's trend. The primary intraday target is the Previous Day High (PDH). It is important to note that if the price consolidates below 1.093, the context will change to long.
As expected yesterday, the Asian session traded sideways. Nevertheless, the euro remains in a long context. I plan to initiate a position only after the liquidity is cleared below.
Hello👋 📊Analyzing gold price based on Elliott waves and price action... The main and important range of support is $2150 and as long as this number is maintained, it will continue to be an upward trend. The market can complete this upward path in 5 Elliott waves, which we are currently in the 3rd wave The targets of wave 3 are 2213 and 2283, respectively The main...
Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD. Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful...
#EUR 1D- The global context has changed to long. All order flow previously formed above now acts as solid liquidity for further long positions.
1h - Hourly timeframe: We are in a long context, and it would be great to see the removal of the nearest fractal below, after which we can continue the upward movement towards the main target at 1.08.