It's cooking! I was on a lookout for a continued run on sell stops going into this week but we ended up rangebound. Analysing the 1-hourly timeframe, buystops look like dear in the headlights with a possible 104.40 being a zone that bulls could step in and defend. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...
With projected longs in the yields markets, I was anticipating a continue in the reverse correlated pair, bonds in which I wanted to see us run on daily sell stops, stretching for the 116.17, 50% equilibrium. What we got was a sweep of daily buy stops with the possibility of a continuation up to the psychological number 120 which I would be awaiting a rip through...
It depends on the specific expectations. If we assume what the waves look like, as I've marked them on the chart, then the Fibonacci extensions can also be marked as profit targets, if applicable. This is my very first publication. Please feel free to comment. Thank you. Of course, this is not investment advice :)
Europe’s single currency concluded February eking out marginal gains against its US counterpart, delivering what many technical analysts will acknowledge as an indecision candle. Overall, the EUR/USD has been (and remains) in a downtrend since 2008, sporting clear lower lows and lower highs on the monthly chart. Despite January’s engulfing candle (textbook...
Dollar Index is coiling around a solid rising trend line. We can see a nice consolidation on a 4H time frame. To buy the market with a confirmation, look for a bulilsh breakout of 104.3 resistance. 4H candle close above that will confirm a violation. A bullish continuation will be anticipated then at least to 104.65 Alternatively, a bearish breakout of a...
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:...
Market Structure Bullish on Higher Time Frames Entry at Weekly AOI Weekly Rejection at AOI Daily Rejection at AOI Daily EMA Retest Around Psychological Level 0.87500 H4 HL at AOI REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique :...
On the above 2-day chart price action has corrected 50% since the month of March. A few reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms support on past resistance. See weekly chart below. 3) Ascending Symmetrical triangle breakout. A near 200% move is forecast. Is it possible price action corrects...
KAVA is showing signs of life and trying to breakout after a long accumulation.
1) Looking at it during London Session I was expecting the Daily Candle to close out the "FVG". Then Pull back and go Higher. 2) Look at it now, price has done that. With the many +OB below. I am expecting price to retrace. I usually like to reference to DXY. DXY has REH which price is very near now. 3) With news coming at 10am, I am not sure of the Bias....
Here I have EUR/GBP on the 4 Hr Chart! On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER! Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!! -The Inverted Head & Shoulders! With the NEW LOW @ .84981 on Feb. 14th, followed by...
HTF Analysis as always - 12M, 6M, 3M & M LTW Entry - 4H & 1H S/R on the D and the W. I see price heading towards 1.50
The price can move up by reaching the ascending block order and create a good position for trading OANDA:EURCHF
On the above 2-day chart price action has corrected over 80%. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action corrects to past resistance/support. 3) Price action backtest is also the Fibonacci 0.236 4) Finally, the flag breakout projects a 150% target. Is it possible price action falls...
H4 Analysis: Expectation remains the same as per analysis yesterday (29/02/2024) -> Swing: Bullish. -> Internal: Bearish. -> Sub-Internal: Bullish. -> Has reached EQ. I have marked sub-internal in red due to the significant range of the internal structure. Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback...
CHFJPY nicely respected a key horizontal resistance. We see multiple doji candles and a formation of a bearish engulfing candle. The pair may drop from the underlined blue area. Goal - 169.56 ❤️Please, support my work with like, thank you!❤️
All my thoughts are based on ICT strategy 1) Observe for Draw on liquidity (Relative equal highs and lows, Volume Imbalances) 2) Where is price relative to these levels? 3) Possible retracement and hence the planning of SL. One of the things I would love to hone is my grasp of TF. How long will it take for the price to draw to those levels?
Hey everyone how's it going?! Hope all is well and prospering for you! Just wanted to get on here and post some analysis on the OANDA:CADCHF FX pair that I had just recently seen potential opportunity on and wanted to share it on here. So let's dive in! OK so my chart pretty much explains it all but I will give what I see in a nutshell here for you guys. SO...