If MM have reach the liquidity pool below the last low running all those stops and forming this long wick down, why would they bring back the price to that level? They will not bring the price lower unless/until they took the liquidity above the previous local high imo
Anticipating a move up to liquidity to capture stops (stop losses of sellers and buy stops for those who have been following the obvious uptrend) before seeing a price reversal. This opportunity can be planned out as greater than 3:1 reward to risk and may be something we see across other Yen pairs due to the upcoming BOJ fundamentals. This idea however is a...
Hi Team! Welcome to today's update on Ethereum. We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare...
Hi Team! Welcome to today's update on the world of Bitcoin. We have seen quite a few flags forming recently and lots of respect of the 3750 quarter level with the price action that has happened. Although I will not count out the possibility of seeing a movement up to 3860-3900 as this is the liquidity capture scenario we looked at yesterday... it is becoming...
Using ICT Concpets, it’s led me to believe EU has a potential rally down, it took out a double top, an area of Liquidity where Smart Money can sell, its retested a breaker used to mitigate orders, so now overall bias is to short EU to the double bottom, another HTF level of Liquidity, maybe EU will reach for the range Low
COPPER: After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. ...
Since futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact...
X marks the Spot. For a Bullish Price Action, Kiwi has more UPside potential with Targets extending to the 0.74300 region. I will be looking to enter a LONG position IF this current Support at 0.67000 holds. 1st Target at 0.69700 2nd Target at 0.70600 3rd Target at 0.74300 For a Bearish Price Action, I will be looking to open a SELL position on a break of this...
X marks the Spot. For a Bullish Price Action, I still expect more UPside this week on the Loonie with final Target at 1.38000. We may experience some BUYing around the 1.32900 region. I expect this to be short-lived. For a Bearish Price Action, I will be looking to open a SELL position at 1.38000. 1st Target at 1.27800 2nd Target at 1.25400 3rd Target at...
X marks the Spot. For a Bearish Price Action, I expect the Bears to take control at 0.90980 level. If this Supply zone doesn't hold, then a second chance may occur at 0.93000. 1st Target at 0.88450 2nd Target at 0.86160 For a Bullish Price Action, I expect a move Higher to tap into the Liquidity at 0.90980. 2nd Target at 0.93000. Watch for weakness at this...
X marks the Spot. For a Bullish Price Action, we tapped into the Liquidity at 1.00392 to fill BUY orders. I expect Higher Prices in the coming weeks. I'll be looking for BUY signals on this cross at any significant retracement. 1st Target at 1.11760. 2nd Target at 1.12900. I remain Bullish on this pair.
X marks the Spot. For a Bullish Price Action, we had a breakout of the Local High to the Upside after ranging for about 20 weeks. I expect more UPsides in th coming weeks. 1st Target at 1.77600 2nd Target at 1.84550 3rd Target at 1.92870 For a Bearish Price Action, I expect a retracement around the 1.84550 region to make room for further Bullish continuation....
After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. Definitely...
X marks the Spot. For a Bullish Price Action, we had a breakout to the UPside on this pair and as such I will be looking to LONG pullbacks above 1.53770 with Stops just below the Weekly Low. Target at 1.61420 I am Bullish on this pair in the coming weeks.
X marks the Spot. For a Bearish Price Action, I assume the Bears are exhausted at this 1.13 level. A small tap into Liquidity at 1.13000 may occur. Expect a Gap UP at Market open. For a Bullish Price Action, I expect a move Higher this week. 1st Target at 1.15000. 2nd Target at 1.16000. Best case scenario, 3rd Target at 1.18000. I am Bullish on this pair this...
X marks the Spot. For a Bullish Price Action, I expect we hit 1.63620 Supply Zone before heading lower. Price may extend higher to 1.66220 to tap liquidity around that zone. I will be looking for SHORTS there too. For a Bearish Price Action, I expect the Bears to step in once we touch these zones and drive price lower. 1st Target at 1.55950. If we don't bounce...
X marks the Spot. For a Bullish Price Action, if the 126.600 Support holds, I expect a bounce to 133. This is quite unlikely. For a Bearish Price Action, expect more DOWNsides in the coming weeks. 1st Target at 124.400 2nd Target at 122.400 Worst case scenario, 3rd Target at 114.800. I am still bearish on this cross. Look to SELL every Rally so long as price...
X marks the Spot. For a Bullish Price Action, If we hold the 139.500 Support, I expect Higher prices UP to 150. This is quite unlikely. For a Bearish Price Action, I expect further selling pressure in the coming weeks. Next Target at 136 I remain Bearish on this cross. Look to SELL every rally below 144.