GBPUSD broke below 1.26625 key support, reaching 1.24770 where it ended its sell-off starting a pullback to the upside. It reached previous support 1.26625 where we do have multiple rejections a great sign that the level now acts as resistance. In addition to that, we definitely had a stop run above 1.26840 level, a signal that most likely smart money have the...
Looking at the bigger picture in the GBPNZD there is no question that price is in a downtrend for good. Price is being traded below 1.86265 – a key resistance level – another factor to consider that we are in a bearish context. Looking at the hourly chart of the market I have highlighted a short-term resistance level (previous support) – the 1.84840. Price is...
Willing to define the directional bias in AUDUSD, all I did was to take a look at the higher timeframes of the market and focus on structure levels. Since the 0.73940 level price has been in a sell-off, dropping making no corrections. On its way to the down price breached below the 0.72000 key support level setting us into a bearish context. Another factor we may...
Strategies are good to go...
While almost every trader is focused on derivative indicators, subjective chart patterns, Elliot Waves and other abstract objects or collective illusions (which rarely come true through self-fullfilling prophecies), the only way to be closer to the right outcome in your predicitions is to see the market how it really is. Price can change only when limit orders in...
Shorts (and some naked shorts) are being squeezed. OS at 129.45M and public float of 116.91M www.marketwatch.com Check out the volume: As of 1:20pm EST, $BIOAQ has traded over 14M shares With all the news out does this feel like retail profit taking or MM manipulation? If you're on L2, check out the orders-- 250k and 500k orders...these aren't...
Greetings! In this study I just want to share my thoughts on the gameplay. Lets be the fuckin MM just for a couple of seconds, and watch plebs, and make bets on them. We push the price 6K zone we watch the news plebs loosing lifesavings, houses, jobs, etc. General players started play on our side. Everyone gone bearish as fuck, most of them started to short...
Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
A higher high gives confirmation for this entry