In this bullish example, we see that the price opened at the close of the previous Daily candle. Price normal mitigates/manipulates into a point of interest created in the previous day. Price will then move up as we are bullish.
Use the sessions to your advantage. Wait for the liquidity to be swept during the Asian session. You can trade during the London or New York session.
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The weekly candle will do 1 of 2 things today. It will 1) pull up and continue our bullish momentum from last week ( which is quickly becoming distant) or 2) Retrace back down towards 1.074 weekly level which we bounced strong off last week with optimistic Cad data as our catalyst 0:0 Intro Monthly/Timeframe 0:58 Daily timeframe 3:43 Weekly timeframe 5:43 4Hr...
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The strong close on Friday and the S&P 500 created a technical uptrend in the S&P 500. Follow-through be expected on Monday but not a large range day. Look for the market to catch its breath on Monday.
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Buyers are back in the S&P 500 on Thursday but can they continue with the positive close on Friday which is the expectation.
EURUSD analysis Change bias: EURUSD is falling to weekly lows and near the key MA level on the 4-hour chart EURUSD is nearing the 100 moving average on the 4-hour chart at 1.07908, and in the process it is touching a subset of moving averages including: 200 day moving average 1.08256 100-day moving average 1.08134. Prices are also moving below a swing zone up...
The tone for the day was set by the USD, and here's what to keep an eye on next
2 Hours after London Close 2/28/24. Eurusd we observed a wild day of volatility as a large 50 pip bearish move during london session was duly corrected by a Bullish New york session. Price moved away from our Daily resistance level 1.0885 today and pulled back as the monthly candle comes to a closure. This is not abnormal to observe when the monthly candle...
The day structure in the S&P 500 implies a market that is then waiting for the PCE announcement on Thursday. The price structure implies an up move for Thursday.
The structure on the daily chart in the S&P 500 implies that buyers bought the break to lower prices over the last 2 days. The next critical test would be high in a close above 5020 in the next 2 days.
Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range...
📉Hi Traders, Investors and Speculators of Charts📈 More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency. This could mean a few things for this bullish cycle, including: 📢 More reach (more retail investors) 📢 Higher market cap (more...
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In the last 3 S&P 500 sessions sellers enter the market at the highs. The expectation would be a down move on Tuesday but not a large range.
Bitcoin Analysis BTCUSD Bitcoin climbed nearly 7 percent to $54,800. Bitcoin rose $3,800 today The dominant feature of the markets this year is momentum, and nothing has more momentum than Bitcoin right now. Bitcoin rallied dramatically after a 10-day hiatus that stabilized around $52,000. It rose $3,800 or 6.7% to $54,800 today. This is the highest since...