Greetings, fellow traders! It's an intriguing landscape in the world of forex, where the dollar seems to have locked itself in a strong consolidation phase. This appears to be driven by algorithmic movements, and over the past two months, we've witnessed price action oscillating within a tight volume range. Highs and lows have been established with minimal...
Greetings, Crypto Warriors! It's a prudent move to remain watchful during these times of Dollar consolidation. Larger cryptocurrencies may be contemplating a strategic move to clear out stop-loss orders at higher levels, followed by a potential push to catch late retail investments in the elevated regions. For Ethereum, this level is around 1750, but the extent...
Good day, traders! Yesterday, EUR/USD embarked on a substantial rally, affording us three lucrative scalp trades. However, the current price action appears to be retracing back into liquidity zones, potentially offering us opportunities to enter at discounted price levels. Our strategy entails patiently waiting for price levels that represent a considerable 75%...
Greetings, traders! It's important to note that we're still witnessing divergences between EUR/USD and the Dollar Index. This discrepancy should serve as a cautionary signal when considering trade ideas. Our focus is currently on the 105.9 level, which corresponds to the weekly point of control. We're keenly observing this level to see if it triggers a downward...
On the weekend, when trading volumes are typically lower, the probability of a significant upward move after a month-long rally is limited. While we initially had hopes for a successful scalp trade, the current market conditions do not appear as favorable as expected. We've already booked profits . If you're a spot trader or a swing trader, it's advisable not to...
Good morning, fellow Crypto Weekend Warriors! As we review last week's technical analysis, it's clear that we've witnessed a successful range breakout and a backtest of the range high. The beauty of Crypto Weekend's 4-hour structure is that it consistently delivers results. Since our last update, we've achieved an impressive 19% return on our investment, and we're...
Bitcoin (BTC/USD) has witnessed a substantial influx of bullish momentum, resulting in healthy price movements. However, it's crucial to consider the technical perspective. We're approaching a critical juncture, as we venture into the territory where the most significant selling activity transpired during the previous all-time high to low trading zone. Trading...
The range levels that were identified earlier in the morning have proven to be quite lucrative. At this point, we've already secured a 5% gain, and we currently have three active positions that are evolving favorably, potentially heading toward 4-hour liquidity zones. It's been a successful day so far, and we're looking forward to further opportunities. It's...
Good morning, fellow traders. Today, our focus is on the EUR/USD pair, and we find ourselves navigating the daily trading zone. Our strategy involves identifying and utilizing institutional high-volume levels, including those on the daily, weekly, and monthly timeframes, alongside the points of controls and Value areas. Our approach centers on quick in-and-out...
For those of you who might be newcomers to the trading world, let's explore the concept of levels, specifically the high-volume fractals that we base our trading decisions on. This information could serve as an additional layer of insight to enhance your own technical analysis. It's important to emphasize that regardless of levels or volume, the structure of the...
Good morning, fellow traders! It appears that our attempts to breach the weekly and daily highs have been met with resistance, and we are currently retreating within the broader monthly market structure. Our daily selling strategy has faltered twice in the face of this resilient bullish momentum. While there may be untapped liquidity at lower levels, it's...
Good morning, traders in the Asia and London sessions! EUR/USD has opened with a bearish tone and is currently showing signs of an upward rally. However, it's worth noting that the price at 1.05649 didn't show significant upward movement during Friday's session, so it raises questions about the current bullish momentum. We're approaching this with caution as it...
Hello, Traders, Let's take a moment to recap our recent trade ideas. The data we've been observing is changing daily, and our initial suspicion that last week's high was a mere fakeout has led us to anticipate a continued downward trend. However, we took profits at that point, opting to watch and see how the situation unfolds. Now, as we delve deeper into the...
EUR/USD, we're witnessing a development where recent price action is breaking through lower levels. This could potentially be setting the stage for a bullback, followed by a jackpot sell opportunity. As of now, the situation is dynamic, and the signs are pointing towards a market poised for significant movement. Traders and investors should keep a keen eye on...
For today's daily chart update, The Dollar seems to be capitalizing on bullish movements, originating from discounted price levels. In contrast, the signals emanating from EUR/USD appear somewhat mixed, leaning toward a bearish bias, especially if the Dollar maintains its strength. It's worth highlighting that the Dollar's price action is exhibiting a clearer...
Good morning Chart Surfers, In the world of Bitcoin/USD trading, we've witnessed a notable surge in trading volume that has brought us into a significant weekly order block. What's intriguing is that we've received a noticeable reaction from this order block, suggesting its importance. When you consider TPO chart volume data, which unfortunately isn't available...
Good morning, Over the weekend, the Dollar Index made an upward move, but it now appears to be reversing its course and heading lower. As for the EUR/USD pair, it seems to have opened in line with the previous Friday's balance, as observed on the TPO chart volume statistics. Our team, the Global Chart Surfers, has been holding short positions since last week....
Good morning, Weekend Money Makers! As we embark on another trading day, it's imperative to keep a keen eye on the charts. We've spotted a potential 4-hour decline forming within the Order Block. The question on everyone's mind: will we witness a market reaction? If the market responds as anticipated, I'll be making a short play, with a target set at the single...