On the daily timeframe, we see a sideways movement with the upper boundary at 49.96. The price has been above the upper boundary for the last 20 days, but yesterday it returned to it and stopped at the 50% level of the last buyer's impulse on the weekly timeframe. This is clearly visible on the hourly timeframe: At the top, a seller's zone has formed with the...
Hello traders and investors! It's time to update the forecast. During the last review (23/03/2024), we observed a short vector 7-8 within the sideways movement on the daily timeframe. The target of the long vector 8-9 was 72419 (see the chart from the previous review). Currently, the long vector 8-9 has reached this target. It is advisable to look for sales at...
Hello traders and investors! On the daily timeframe we see a resumption of buyers from the buyer's zone (blue background) with an upper boundary of 69674. On the hourly timeframe, a sideways trend has formed, where the buyer's vector 4-5 has already reached the obligatory target. Searching for sales is risky because there is a resumption from the buyer's zone on...
Monthly timeframe - Last monthly candle bearish rejection wick -> when looking at the zone that caused that bearish rejection not a single selling region was hit - Inverse head and shoulders with a false break of the shoulder 1 region and currently trading back above - If the bears want to kick in higher liquidity will be needed Weekly timeframe - Bearish...
Weekly timeframe - Bearish -27 fib completion - Bullish indicational candle - Bears can kick in again at the 0.61492 region (position will get fully closed here) Daily timeframe - Inverse head and shoulders 4H timeframe - 5-leg fib completion as my entry criteria (proven daily supply and demand zone)
Monthly timeframe - Bullish M not completed yet - Flat wall - Targeting at least the 166.000 region Weekly timeframe - Bullish indicational candle - Selling region/weekly high could've been used as resistance, instead we are trading back above - Bullish market structure Daily timeframe - Bullish impulse followed by a bearish correction - 90% rule kicked...
Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...
Multiple time frame analysis for USDJPY. Bullish movement after CPI discussed. Trading recommendations, trading plan, forecast. ❤️Please, support this video with like and comment!❤️
BTC is presenting some Wedge pattern were we can expect some correction ahead. Be patience on allocation.
H4 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 09 April 2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. Price on all...
Hello traders. This is my analysis on Cable today. I'm looking to go long until the first supply level. You can put your stops at 1.26637 if you want just to leave room for the market to breathe. Keep in mind that this setup is executed on the 5m timeframe. We will see how it plays out. Danko
On the above weekly chart price action has corrected almost 99% since April 2021. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance (green channel). Price action confirms support on past resistance. 4) A...
On the above 4-day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance (grey bar). 3) The falling wedge pattern forecasts a move to the $200 area. Is it possible price action corrects further? Sure. is it...
Bitcoin Analysis: From the point of view of buyers, it is expected that after the correction of the price, the demand will increase in the price range of 67604.96 and in the short and medium term, we will see a change in the upward trend.
This is my Intraday analysis on EURUSD for 10 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg and...
FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....
FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....
FX:GBPUSD We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move. Alternative...