Last weeks bullish projection played out as expected with the monthly OB and liquidity void being met by the end of this weeks trading. Trend is your friend and although it's not guaranteed we will continue to trend upwards, there's a higher probability that US10Y does rather than not on a weekly timeframe. This does not mean this weeks price action will reprice...
Last year I wrote the idea: “MATIC - The one token not to hold in 2023” It was not a popular opinion. Link to idea below. At the time price action was at 97 cents. Down 13% currently in what was arguably one of the most bullish years for markets those past 30 years. What of 2024? Nothing good. A weekly death cross is almost certainly going to print by the month...
It should know that when the price of ETHBTC is on a downtrend, this generally signifies that Ethereum is weaker than Bitcoin(especially when Ethereum and Bitcoin are both Bearish). If ETHBTC is bullish, like the above chart, it signifies that Ethereum is stronger than that of Bitcoin. How does this chart affect the price of Bitcoin and Ethereum? It simply...
On the above 4-day chart price action has corrected 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action with confirmation. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it...
A lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021. The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible. Is it probable? No. Why do I say that? Let’s look left....
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Weekly time frame: Daily time frame: 4H time frame: 15M time frame:
This is my Weekly analysis on EURUSD for 22-26 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following: Market Sentiment Weekly Chart Analysis Daily Chart Analysis 4H Chart Analysis Economic Events for the Week Market Sentiment In light of the recent passage of an aid bill for Ukraine, Israel, and Taiwan by the U.S. House of...
On the weekly timeframe AUDUSD has been bearish for some time now, on trade ideas I've got my weekly trendline(black) zones and my S/R zones. Remember the only reason I'm drawing support zones is for it to act as resistance which is break and restest only selling opportunities that's what we're looking for. On the daily timeframe I've got my trendline(red). And...
On the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Significant bullish divergence. Multiple oscillators print positive divergence with price action. 3) Bull flag break out with 350% target projection. Is it possible price action prints lower...
Hi dear traders . Here is my vision on USDCHF , So as its clear on the chart ,the price is finally is reaching a very strong supply zone which act as FTR too .So as you can see on chart we will monitor the price action inside our area and there would be sellers on the charge . thanks for your time . Disclaimer : this is only my point of view of market and hope...
This is more to swing Wait for reaction at 50% level. If price close above 4040 probably trend will change and can look forward to long after breakout reversal. If breakout do occur, expect price go to HnS/QM Level based on Fibonacci Level.
First of all,lets have a look at high time frame chart. The daily chart level has obtained the liquidity Lid in the high consolidation range, and the position is Fib0.382 in the rising band. On the daily chart, the pinbar broke up through after yesterday’s insidebar closing line. At the 15M level, use the rising band FIB 0.618 to go long in the OB area A better...
This is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H:...
Price action has corrected 80% since the sell signal last November as is shown on the above 2-day chart. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Both price action and RSI resistance have broken out (1-day chart below) 3) Regular bullish divergence (1-day chart below). 4) Both points 2 and 3 are also true for the...
Early Entry: After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom... Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
A big thank you to all for helping me reach the 8k follower milestone.. On the above weekly chart price action has corrected over 90% since February 2020. A number of reasons now exist to be bullish, including: 1) You know why.. 2) Price action confirms support on past resistance. 3) The support is on the Fibonacci 0.236 4) RSI resistance breakout. Is it...
OXY is on the verge of breaking through a major resistance line which was first touched over a decade ago. As the daily chart repeatedly bumps up against, but not crossing, this key resistance line, multiple factors make OXY a screaming buy.