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...
This is my Intraday analysis on EURUSD for 1 Mar 2024 W9 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE: Nothing changed again from yesterday, 4H no changes and 15m just within the INT to INT Structure. 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS...
After a spectacular rally last week market bulls are taking a pause. Last two days look quite bearish on the daily chart but if we look at lower timeframes we won't see any signs of strong selling. Price is drifting down very slowly as a result of profit taking and low initiative from buyers. The high level context is still very bullish: we're in an uptrend,...
HTF Analysis LTW Entry If I have to be honest, its only the Monthly candle that's giving me an oversold bias to go long. I'm not sure about 3M, 6M or 12M We could see the W candle close less bearish because of the price hitting the daily S/R zone and showing a Bullish candle stick pattern. RR is always placed on the Daily. Entry is always on the 4H or...
First we have the trend still in an uptrend on the HTF, then on the STRUCTURE TIMEFRAME, we have the FIBONNACI confluence with a DEMAND area that is spotted on the H1 TF, then on our entry TF, we have got our ENTRY...
Market Structure Bullish on Higher time frames Weekly and Daily at same AOI Weekly Rejection Candles Daily Rejection Candles Around Psychological Level 1.64500 75% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Patience Pays : GoWithTheFlow : Rinse, Wash, Repeat! ...
price is still in correction, we are waiting for the proce to tap the demand zone, and wait for our confirmation as per our rules of entry.
Market Structure is Bullish on higher Time frames Weekly and Daily around AOI Weekly Rejection from AOI Strong Daily Rejection from AOI Daily Support Area H4 EMA Retest H4 Potential Head and Should Pattern forming REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Patience Pays :...
us30 broke downtrend and is now heading back up to valid premium areas of liquidity course available if anyone wants to learn how 1
On the above 2-week chart of the Global X Lithium & Battery Tech ETF price action has corrected 60%. A number of reasons now exist to be long. 1) Support and resistance. In 2011 and 2017 price action found strong resistance exactly at $40 before breaking out in 2020 for a massive 140% gain. Price action has now returned to $40. 2) RSI resistance breakout. 3)...
I am watching TVC:GOLD after the recent breakdown of a triangle pattern. Price has come back to test the triangle and we are waiting patiently for a signal to go back short. The 1H time frame is almost done filling a fair value gap and it lines up with the bottom of the triangle. Gold can prove to be tricky to pin an entry so i would like confirmation before...
Airbnb ( NASDAQ:ABNB ) is currently showing signs of strength as it breaks above previous highs. Looking at the bigger picture, the bullish trend seems to be intact, especially on higher time frames, indicating potential for further upside. The recent slight pullback, coupled with oversold conditions on the 37 Stochastic RSI, suggests that buyers might see this as...
I am a newbie just trying to document my journey, so dont consider my calls. Confluences : 1)Orderblock is strong (Resulted in BOS, FVG, and in discount zone) 2) Current trend is uptrend Disadvantages : 1) Poor RR
CADCHF tested a key daily rising trend line today. On an hourly time frame, we see a nice example of a bearish trap with a formation of a strong bullish imbalance afterward. I think that the pair may keep growing now. Goals: 0.6489 / 0.6498 ❤️Please, support my work with like, thank you!❤️