This is a quick short term trade on the USDCAD, at open of the London session. The price was rejected at the Momentum high. Enjoy!
GANX had been in a tight consolidation channel prior to April 12th. This is the uncommon high tight flag pattern. Once breaking out, the typical guidance is the next leg up will be at least the distance of the flagpole portion of the pattern. On April 12th, a new chief financial officer was appointed to Gain Therapeutics. ( see the link below ) This is...
Bulls appear rather strong as we can observe a strong move back into the range and 🛢️ has easily made it's way back to the resistance area . Price has been in this range for 5 months. We have managed to gap up an insane amount for a liquid asset like USOIL. On top of this we have managed to close above all other Daily Candles to the left within the range. We are...
Here comes another gem in this sideways market.Shooting up with good volumes and, very strong on larger weekly time frame.Stock has given a breakout after good consolidation from Sep '2022 and currently trading in uncharted territory.Set up is too good to ignore and is having a good Risk to reward ratio.Stop weekly close below 300 and immediate Fib targets seems...
You may observe rejection of 1.1057 Weekly Level as mentioned in prev post. Very good sell opportunities as we rejected the weekly level and Fomo buyers were caught off guard. The American consumer is struggling and can be observed by retail sales data. We had a 7am Continuation when consumer sentiment was released , acting as a catalyst to continue momentum of...
Pin Bar 1Hr Candle closed above 2,088 after retesting Yesterday's daily Low at 2,074. Daily Candle closed above 2,088 Daily Level. For these reasons I can see a bounce back to the highs at 2,104 and 2,118. I posted about BTC a few hours ago and have changed my bias here based off candle closures. I can see alot of players getting excited due to clean traffic to...
It is possible we may retest 28.5K before another leg up. Or, given the fact that the Daily candle closed quite strongly, we may anticipate another leg that coincides with the inflation data being released Wednesday morning. Either way momentum is bullish and we may anticipate scalps and buyers to come in at *short term lower prices at 29.95K or 30.15K. These are...
We have creased yesterday's daily high at 1.10678. There is liquidity above this high. Especially since we have run up so far and therefore probabilities suggest we will pullback for liquidity for London Open. If we go up , then we will fly because there is clean traffic to the left. The 4hr is quite clean up to 1.1158. The 1Hr is clean up to 1.1125. Either way we...
EU has been moving quite violently and was expected with inflation data. We took advantage of the momentum and took 4 buys as price left the 1.0922 key level. We originally took Sells from this level which played out nicely. However, just as we did last week, Price dips hard early in week. Then soars as the week progresses using news as a catalyst for a...
We didn't do much waiting around to begin the week. We dropped a large sum and closed quite the large engulfing candle on the 4Hr Timeframe. Yes, In this instance I am aware that we have arrived at a Daily zone 1.08445. However We spent a good chunk of time collecting orders around 1.093. Jumping above and back below. We had NFP data released recently and now we...
In yesterdays publishing you can observe that our short term target was at 1.0938. Some buyers are taking profit as we have reached this minor zone 1Hr level. The bullish 4hr candle closed above 1.0918 which has been our Fakeout sell side entry area. This is bullish technically speaking. Looking at market structure it looks great. So we had a fakeout market...
As mentioned in yesterdays publishing, we were anticipating dollar strength moving into NFP. The market structure was a bit awkward moving into NFP with price consolidating testing to see if it could hold 1.0918 as support. We punched through back to 1.089 with NFP data. Took advantage of these intuitions for the better then consequently ran into risk management...
Per Analysis of yesterday I warned about buying at the higher prices. After we have a spike and people bag up, we have some hold the bag. Price nearly stretched the whole range up to 1.098 Daily Zone. Price just couldn't quite make it. Completely Missed this news correction move - was away from computer and totally didn't see it anyways. I did know it was likely...
We have entered HyperSpace and are now transcending into the stars. We are ahead of schedule as our weekly target remains as 1.103. Weare in the middle of a range between 1.093 and 1.098. If I was swing I would like break and retest of 1.093. But I'm not swing. Volume comes into the market in disproportionate balances at specific times and this is why I enjoy...
Value in Description ⬇️ Beware we have returned close to our extreme prices after an abrupt beginning to the week. Price fell into the abyss as optimistic buyers were a bit too early like myself. This NY session though we managed to grab a spot on the train. I was bearish walking into the week and was expecting a pullback to these prices. However , after that...
Welcome April. Last month we ended with the monthly candle and the weekly candle pulling back and created a larger top wick. However, the Monthly candle looks awfully bullish as it closed as a solid bullish candle. That being said, it did close within our Daily range and the weekly candle closed below the weekly zone to the left at 1.08690. We also had a bearish...
We have corrected the GDP volatility and continuation at 530PST. However, We have pulled back to a 1Hr/4Hr zone at 1.0895 and this woulnd't be a bad place to jump on the bullish train. I'm just watching for the rest of the day. I jumped off the train already with Buys. With all this said, we have increased 145 pips on the week. Wouldn't be surprised if Price...
The 4Hr candle closed above 1.083 4Hr Zone which is quite bullish for me. However we must consider that we have seen some volatile rejection near NY Open around 3-4 Hours ago. It's about where candles close so that is why we will give more weight to the buy side. If We get to 1.0854, then I can see it being pretty straight forward for us to reach 1.089 as...