With CPI Data coming Thursday, price may consolidated within the range of Friday's candle and the FVG, before coming down.
IRL > ERL
I am looking for price to go from an interior raid on LQ to an external raid on LQ.
I'm also looking for bearish PD Arrays to be respected... like the -FVG price is currently in.
But who knows what the news will bring.
NQ is a little bit late compared to ES. So I believe the break of structure on the Daily chart (as ES) is confirmed. So we're going lower, but first he possibly will comeback to the Daily Breaker Block and then going lower to close the volume imbalance around 16100.
After rallying back to the Breaker Block last friday thanks to the NFP, I believe the break of structure on the Daily chart is confirmed. So we're going lower, to close the volume imbalance around 4600.
I believe the break of structure on the Daily chart is confirmed, price pullbacked on a Breaker and an Order Block.
So we're going lower (same scenario as EU), for the sell side liquidity at 1.25.
As a trader monitoring the recent movements of the USD/JPY currency pair, I've observed several key factors affecting its dynamics:
Japanese Yen Weakness: The Yen has shown a consistent decline against the US Dollar, reaching a three-week low. This trend reflects reduced expectations for a hawkish policy shift by the Bank of Japan (BoJ) in January. The absence of...
After rallying to the 50% of the FVG last friday thanks to the NFP, I believe the break of structure on the Daily chart is confirmed. So we're going lower, first at the FVG around 1.085 then maybe the Order Block at 1.08.
Hey traders, UJ took ERL on the daily the next to draw of liquidity is IRL which is the daily FVG and long term I'm expecting it to go even lower that to 140.241, a market structure shift is a must before planning to take any action .
Hey traders, I anticipate upward movement in the EU for the upcoming week. I plan to enter after another Market Structure Shift (MSS) due to the indecisive daily candle we had last friday, seeking additional confirmation. If the price takes the stop hunt indicated on the chart, I'll hold off on the EU trade, allowing more time for a setup before considering any...
Hello traders, Last week we saw a nice bullish momentum on GJ which took the price to IRL which is a weekly FVG I'm expecting to dig little bit into the fvg to than sell off from there but I'm only considring the entry after a shift on market structure to take an advantage of the down move targetting 178.353 which is the ERL .
Hello Traders, On GBP/AUD price retraced to the IRL which is the weekly FVG, indicating potential bearish movement toward the ERL at 1.8588. However, I'll wait for a clear shift in market structure on the 4 hour chart before considering a trade, aiming to enter during the second phase of the distribution pattern to reach the target.
The analysis gold price (XAU/USD) highlights several key factors influencing its market behavior. I will examine each element and assess its impact:
Gold Price Movement: The gold price has increased, reaching a daily high above $2,060. This rise indicates strong investor interest, often triggered by economic uncertainty or the search for safe-haven...
This is a macro idea for 2024. This is the monthly showing a fib from the recent 2023 low to the most recent high. What we can see is the 50% Retracement level is right at a monthly FVG. The idea is if we are to stay bullish for 2024 we would NOT want to see any monthly candle close below the monthly FVG. I would like to see the FVG act as a support if we do have...
A short foreword. I do believe Bitcoin will come back to retest around the 40k levels. It is currently consolidating in a range with equal lows. Below the equal lows lie a void on the futures chart that has not been filled yet. I'm expecting some sort of manipulation move to the downside then a bounce back up as i'm still overall bullish on Bitcoin for now....
I've been closely tracking the recent dynamics of the USD/CAD pair. The exchange rate approached 1.3380, seemingly propelled by investors' apprehension about upcoming critical US labor market data. The Canadian Dollar (CAD) experienced a significant drop to a new weekly low against the US Dollar (USD), followed by an unexpected rally to a three-day peak. This...
As a market analyst, I have recently observed the performance of the Nasdaq, the index of U.S. technology stocks, and my observations are quite significant. In the latest session, the index displayed a rather flat behavior, closing with a modest increase of 0.15%. This slight gain follows a start that was perfectly in line with the previous day's closing values...
Observing the price of West Texas Intermediate (WTI), I notice an upward trend, with the price having retested the bullish trendline after breaking through the $74 level. Now, I expect a slight pullback towards $71.50 before a significant rebound towards $79 per barrel. However, from a macroeconomic perspective, I've also detected growing concerns about the...
Analyzing the EUR/USD situation, we can observe a series of dynamic factors that have recently influenced its behavior. The EUR/USD's bullish move, having crossed 1.0950, was triggered by disappointing ISM Services PMI data after gathering liquidity below 1.09 following the NFP data. Currently, the pair maintains a defensive stance, trading in negative territory...
On the the higher timeframes (W and D) EU is already bullish.
For past few days price was bearish on lower timeframes as it was retracing to grab the sell side liquidity to fuel the move to the up side.
Right now price is inside of daily discount and just above the daily imbalance ,today is news as well.
So, if the market reacted to the imbalance and gave signs...
