Cut out all the noise, still uptrending but there's still alot of liquidity waiting to be swept over the next couple years if it doesn't happen this year. We're at a key point on the daily now deciding if that last sweep was for the upside (ATH) or if we really are going into a few down months/years regardless of macro economics.
On EURUSD, we have a bullish setup with the price currently in a buying zone, within which there are two more. The price retraced to an uptrend line and is gearing up for a significant upward movement. This movement has been confirmed by the market after the Consumer Price Index (CPI) data, despite positive data for the dollar, showing that an algorithm is...
Familiarizing ourselves more on IPDA Ranges to help form daily bias and to work on high time frame analysis. The first idea we ever published was actually a very similar thought but now that we have a better understanding of how to use IPDA ranges we wanted to post what we hope to be a more accurate version of what is to occur in CME_MINI:ES1! price action. We...
Please enjoy my indicator I made its a kill zone indicator but you trade between the zones . The indicator directions explains it all. Deluxo Capital
Hello Traders! We can see the dollar gain strength. Looks like it is following it seasonal bias for May.
Hello Traders! I am still bullish on UJ. The fact that a higher swing low has formed under May's opening price is a good sign.
Hello Traders! I am still bullish on Dollar which means bullish UJ. So far the market is setting up to go higher.
Old Daily Volume Imbalance (4133-4136) became as support. Break below 4133 will open the room to the 4h Breaker Block - 4115.00-4105.00. Hold of Sunday Open Level can bring us to the 4167. There is another daily volume imbalance at 4179-4185. Keep my eyes on 4191 - Next BSL after break of the 4167.
Hello Traders! Tomorrow is NFP and I advise you to leave it alone if you are not a seasoned trader.
Hello Traders! We can see AU has been ranging this month. However, I still follow market shifts. The swing low broken and lower swing high was the key factor to price going lower. I would like to see AU take out PDL.
Hello Traders! As expected today was a dynamic buying day. Yesterday was a counter trend candle. Buying after a down close in an uptrend is ideal.
Hello Traders! Still Bullish on AU. Looking for price to run away from down days.
Hello Traders! AU has created a Swing Low. This Swing Low is also higher than the pervious one. This can be signs of the commercials buying!
Hello Traders! I am still bearish on AU. Unless price trades back up above the swing high and forms mitigation block then I will consider being a buyer again.
Hello Traders! I am still bearish for AU and xxx/usd. The Feds have the highest rate compared to the majors. If there is a liquidity crisis going on in all countries people will seek the reverse currency. Only time will tell.
Hello Traders! This is a daily update. Currently shifting my stance back to bearish.
Hello Traders! NFP is tomorrow, please relax if you do not know what you are looking for. You will be emotionally attached to chasing price.