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Globalchartsurfers

EUR USD Idea 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 involves unnecessary risk. In the bigger picture, we find ourselves in a range high, which doesn't favor long positions. At this moment, the bias for EUR/USD is bearish, but it's essential to consider the mixed signals present on the weekly and monthly charts. Our approach here is a level-to-level trading plan. We'll carefully evaluate the situation and see if we can capitalize on potential opportunities this week. Remember, patience is key, and sometimes the best trade is the one you don't make. Stay vigilant, fellow traders! Peace out, and let's approach this like seasoned financial Masterminds!
by CORE5DAN
EUR USD IdeaHello, 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 chart, a significant development emerges: the presence of a monthly Order Block. This block appears to be signaling a potential shift towards a bullish market sentiment. As a result, we've adopted a cautious approach, refraining from entering swing trades unless last week's high is breached once more. When that occurs, it could be the catalyst for an extremely bullish market sentiment, spanning across yearly, monthly, weekly, and daily timeframes. Keeping a watchful eye on the evolving data is crucial as we navigate the markets, as it may present golden opportunities for trading success.
Long
by CORE5DAN
1
DXY IndexFor 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 range than that of the EUR/USD pair. This clarity in the Dollar's movement allows for more confident analysis and decision-making in the current market landscape.
CAPITALCOM:DXYLong
by CORE5DAN
BTC USD IdeaGood 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 here, and the monthly VWAP (indicated by the red line), it paints a rather bullish picture. However, despite these bullish signals, it's worth noting that the recent rally in Bitcoin has been quite substantial. As of today's data, caution is warranted. Should we see a retracement back to the 26,479 level, and if this level holds, there may be an opportunity to go long. But for now, it might be prudent to consider scalping moves, particularly when we encounter retracements of around 80%. In a market as dynamic and unpredictable as Bitcoin, a approach reminds us to weigh the data carefully and remain prepared for a variety of potential outcomes.
COINBASE:BTCUSD
by CORE5DAN
EUR USD IdeaGood 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. We're currently exercising caution and refraining from making hasty decisions. However, if I were to identify a potential trade opportunity, the 1.05323 level could be an interesting area to watch. If it experiences a retracement during the London session, a reaction from that point might present a discounted price to enter a short position. It's crucial to remain patient and observe how Monday's trading unfolds. The current chart analysis suggests a bearish outlook, and there appear to be numerous support levels further down to target. So, for now, exercising prudence and refraining from rushing into trades is advisable.
Short
by CORE5DAN
BTC USD IdeaGood 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 prints around the 25,700 and 25,600 levels. Remember, in the world of day trading, securing profits is paramount. Bitcoin continues to be a captivating asset for day traders, offering substantial percentage swings. So, make sure you're paying yourself consistently and taking home those weekend gains. Stay vigilant and let's seize these opportunities, fellow traders!
BITSTAMP:BTCUSDShort
by CORE5DAN
EUR USD IdeaRegarding the EUR/USD pair, our swing trade attempt from the previous daily fractal high didn't succeed, and we observed a downward movement. Looking at the Fibonacci range, we find ourselves at the upper end of the range. We're in a bullish momentum unless there's a shift to the downside. Additionally, we've noticed a significant concentration of stops above our current price levels. It's essential to be aware of these levels, although we can never predict the exact targets of market makers. A logical approach might be to wait for a price decline before considering new trades. These are the technical insights for today. Let's see how the day unfolds.
Short
by CORE5DAN
DOLLAR IdeaGood morning, traders. Yesterday, we witnessed a push down in the dollar and an upward move in EUR/USD. We're still trading within a range, and we noticed the first sign of weakness in the dollar index as it failed to make a lower low. Today, we have news releases that can influence the dollar, so exercise caution when trading dollar pairs. We're patiently waiting for a swing trade opportunity on EUR/USD, but first, we need to see the dollar break through levels around 105.500. Once that happens, we'll actively look for swing trades on EUR/USD. Stay patient, my friends. There's no need to take unnecessary risks. The market offers plenty of opportunities. Happy trading!
CAPITALCOM:DXYLong
by CORE5DAN
BTC USD PairWith the BTC/USD pair, we've entered a mid-range area. Our TP1 (take profit level) is here, primarily to secure a small profit. Currently, our bias is short-term bullish. However, we're anticipating two substantial bearish consolidations in the near future. If we observe a robust market reaction, we'll close our long positions and let the market provide new visual cues for its next direction. We prefer to wait for confirmation and take half of the profit rather than blindly selling everything we see. It's crucial to pay attention to the charts. In this mid-range price area, which is a zone of intense price battles, it's essential to highlight that this is also one of the riskiest areas for trading. Consequently, stop-loss orders need to be set at significant levels to manage risk effectively.
COINBASE:BTCUSDLong
by CORE5DAN
EUR USD IdeaGood morning, fellow traders! The recent bullish run of the Dollar has been rather straightforward. However, now we find ourselves in a state of insufficiency, and we've decided to take partial profits on the EUR/USD pair. Our outlook for the week ahead is quite straightforward. Our entries will consist mainly of scalps with durations up to 15 minutes. Today, we have a bearish bias on the EU pair. We're closely monitoring the 1.06000 Daily Fractal, which appears to be the main structural high. Our swing stop is positioned just behind it, allowing for a bit of extra room to account for any news-related spikes. At this moment, we've also entered a scalp trade short, securing a 3% profit. The idea for this entry stemmed from Friday's price action and the classic "weekend gap fill and go" scenario. We'll be watching closely to see how market makers manipulate the price. Our key advice for the week: stay positive, avoid greed when setting stop sizes, and trade stress-free with a logical approach. It's essential to learn from past experiences, especially those weeks when we encountered a few too many stop losses. Let's maintain a clear mindset and ensure that our trades are well-grounded in logic and strategy. Weekly bias for us is the key level to watch out 1.02000 area. This level often serves as a significant psychological and technical point.
Short
by CORE5DAN
EUR USD IdeaWe are currently observing the US Dollar trading in a sideways pattern, situated just behind the daily supply and demand zones. This situation has resulted in the accumulation of a significant number of stop-loss orders on both the sell and buy sides. Additionally, there are fundamental drivers expected to impact the Dollar later this week. Given this scenario, it's crucial for us to carefully evaluate our trading strategy. We need to determine the most logical approach to trade the EUR/USD lower and the Dollar higher. Up to this point, we have refrained from initiating a short position, as we missed the opportunity to enter at the supply zone last week. However, if we witness the market triggering the yellow stops on the chart and subsequently targeting the white liquidity zones on the chart, it could strongly suggest institutional involvement. Let's continue to closely monitor the market to see how this situation develops.
Short
by CORE5DAN
1
EUR USD ideaGood day, fellow Global Chart Surfers. Let's dive right in. The dollar's volatility came to life with bullish fundamental news yesterday, leading to some extremely profitable scalps in EUR/USD. The game plan is to look for retracement during the London session and anticipate a significant move during the New York session today. The weekly lows in EUR/USD seem to be out of the picture, and we've identified high liquidity levels that could serve as extreme stop-loss zones, which the market may target next. Let's keep an eye out for how the retracement unfolds, and here's to successful trading. Peace out!
Short
by CORE5DAN
3
BTC USD ideaToday's CPI news is keeping the dollar in consolidation mode. However, when we look at the weekly BTC chart, we can visually see that this week's volume is closing significantly higher than last week. This indicates that there's a short-term bullish order flow in play. The big question is how far this momentum will take us, but it's crucial to remember that we've built a significant amount of liquidity below us. Currently, the key level to watch is around 24,900. Keeping a close eye on this level is essential. If the bullish momentum continues, the next strong level to consider on the upside is around 29,000. So, let's stay vigilant and see how the situation unfolds.
COINBASE:BTCUSDLong
by CORE5DAN
BTC USD ideaWhen we consider August and its typical volatility, we've seen some unusual corrections in recent years, along with unexpected spikes in volatility. The dollar still has some upper levels to reach before a potential decline. So, if we keep that in mind and the dollar tests higher levels, it logically suggests that BTC/USD could trend lower. Let's keep a close eye on how the dollar behaves in the upcoming weeks. Here at Global Chart Surfers, we've faced a few more losses than expected, but our strong money management keeps us ahead of the game. We hope you all have tight money management practices too, and together, we'll keep navigating the market with the big players. In the grand scheme of things, we have the global supply and demand ranges to work with. Let's stay grounded, stay professional, and keep beating the market! 💼📈🌐
COINBASE:BTCUSDShort
by CORE5DAN
BTC USD ideaYesterday's dollar news, CB Consumer Confidence and JOLTS Job Openings, stirred up some action. Dollar's shorter-term structure got a bit bearish, and our buddy Bitcoin against USD? Well, it's painting a bullish distribution vibe on the weekly lower range. Here's the scoop: we at Global Chart Surfers are just sitting tight, waiting for that bullback signal. Once that shows up, we're aiming our sights at that sweet spot around 29k for BTC. And get this, it's shaping up to be a pretty exciting scenario for Bitcoin. 🚀📈 But hang on, there's more. Keep those peepers on Dollar, 'cause we're chilling in supply zone territory. We're crossing our fingers it doesn't break out. If it does, well, let's just say the dominoes might start falling and correlations might hit the skids, leading us to lower prices. 📉 So stay sharp, stay cool, and let's ride these waves like the pros we are! 🌊🏄‍♂️🚀
COINBASE:BTCUSDLong
by CORE5DAN
XAU USD ideaGood Day folks! 🌟 When the economy takes a tumble and things get rough, everyone starts looking for safe havens. And guess who's the cool kid in that club? Gold, baby! It's like when the world gets chilly, everyone rushes to wrap themselves in a warm golden blanket. 🏆 Here's the scoop: global economic woes are no secret. There's a whole lot of financial turbulence swirling around. It's been building up a serious stash of liquidity at the 2075.282 mark. When We Get there we have an idea , but its not just yet, dollar needs to do its thing then gold will follow.folks, 'cause when the going gets tough, gold's the shining star that keeps on shining. 🌟🏆💰
OANDA:XAUUSDLong
by CORE5DAN
BTC USD ideaWe find ourselves in a range-bound scenario at the moment. It's important to note that our weekly bias remains bullish. Now, the question arises: will it be supply or demand that propels us out of this range? A key factor to monitor is the movement of the Dollar Index (DXY), as a potential decline could provide us with a clearer direction for Bitcoin. As we navigate these waters, maintaining a vigilant eye on both supply and demand dynamics, coupled with the behavior of the DXY, will aid us in making informed decisions. This kind of professional vigilance allows us to position ourselves effectively in the ever-shifting tides of the market.
COINBASE:BTCUSDLong
by CORE5DAN
BTC USD ideaCowabunga, fellow financial wave rider! Looks like you've caught the gnarly market vibes and are riding the Bitcoin waves like a true champ. Your approach to those support and resistance flips is textbook rad – those levels are like the sweet spots where the action goes down. And whoa, you're not just gliding on the charts – you've got your eyes on the fundamental swell too! Watching that DXY index like a hawk is smart – it's like checking the wind before you hit the waves. A wise shredder knows that the dollar's moves can totally send ripples through the crypto realm. Chilling on those longer timeframes? That's a power move, my friend. Let those shorter-term hustlers do their thing while you soak in the bigger picture. Patience is your board wax, keeping you steady and helping you avoid those wipeouts. And talk about style – you're not chasing prices, you're letting the charts spill the beans. That's like reading the waves before you even paddle out. And the way you're slicing your stop losses? Cutting 'em in half is like wearing a helmet while charging big barrels – safety first, always! Keep carving those charts, dude. Remember, the ocean of finance can be wild, so stay adaptable and never stop learning from every ride, whether it's a wicked barrel or a wipeout. Keep living the dream and may your trades be as gnarly as the biggest waves!
COINBASE:BTCUSDLong
by CORE5DAN
BTC USD ideaCurrently, we're hanging out on the BTCUSD wave, right in the cozy confines of that weekly Demand inner zone. 🚀 Bouncing around like we're on a trampoline, dancing between supply and demand in those lower timeframes. We're making these cool higher lows in the volume department, like we're gearing up for a market Correction. Now, about those sells? Nah, not in this deep demand territory. We're all about the scalping game, aiming high and rocking those micro stop losses. Market's a wild ride, so let's see where this wave decides to take us. Oh, and don't forget - Dollar's throwing a curveball with its lower timeframe higher ambitions. The scenario's a bit tangled, probabilities hanging a bit low. 🤷‍♂️ But you know what? We're not sweating it. If we snag a weekend 3%, we're grinning from ear to ear in the Global Chart Surfers zone. 🌊🏄‍♂️ Remember, this is a marathon, a step-by-step journey. Keep your Mind strong, because wavering can wreck us in the grand scheme. So keep it real, keep it steady, and let's ride these waves with a grin, my friends! 🚀🌊🤙
COINBASE:BTCUSDLong
by CORE5DAN