On he above 4-day chart price action has corrected 99% since $9 in 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action confirms the 21-week EMA. 3) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 6000% from the lows. That’s just shy of...
USDJPY is testing a key daily horizontal resistance. The price formed a double top formation, approaching that. To sell the market with a confirmation next week, let the price break and close below 148.97. It will be a strong bearish confirmation. The price will drop then at least to 148.65 level. ❤️Please, support my work with like, thank you!❤️
Although Cable and Euro work hand in hand, Cable broke intermediate term highs whilst Euro closed out by the weekly bearish order block, indicating some form of a pullback going into next weeks trading. 1.08969 is a short term target i expect Euro to trade down into. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...
In comparison to the equities market, GBPUSD has been on a tear for the last few days with no sign of pulling back in sight. But with that being said, a short term retracement back into the weekly bearish order block (acting like a inverted OB) would still be considered to be healthy in the grand scale of the bullish buy programme that started in Oct 23. Looking...
YM has been frontrunning the market, with all-time highs printing on the 23rd of Feb 24 and this Fridays close being a short term high @$39,008. $38,399 is where my interest is drawn to with $38,323 being the intermediate EQ which I aim to target. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict...
For 10 days, price action for NQ1! has been relatively rangebound with Friday wicking through $18,372.75 all time highs but closing at the $18,040 weekly bullish order block. $17825.75 is my next short term target with $17,600 being the next take profit target if we are to continue the decline. My philosophy is simple... Fortify Michael J Huddlestone's...
Friday confirmed my weekly bias but I could have easily been wrong. 5090.50 is in the cards for next weeks trading as long as dollar lines up with running short term highs @ 103.20 5066.50 would be the next area of profit taking but NQ is frontrunning the market so far. 5170 zone is the optimal area in which capitalising on shorts for me would be...
Going hand in hand with my bias with bonds and yields, I am expecting some form of pullback up to the 103.20 region. Last weeks projection was to see Dollar trade to and through 103.463 which was met. The thoughts I had then was how far into a discount could we go and we closed the week @ 102.741 102.358 is the 1-hour short term sellside which I will keep an eye...
This week was a waterfall. Next week will be the week of short seller payback! A continuation of yields trading @ CE; 4.046%, even sweeping Sellside liquidity @ 4.038% is still a possibility but for the past 4 days, the sentiment is more weighted to the downside rather than the upside, with the lowest displacement NWOG being my last line of defence @...
This is programmed into Bitcoin's protocol to control its inflation rate. The most recent halving occurred in May 2020, reducing the block reward from 12.5 to 6.25 bitcoins per block. The next halving is expected around 2024. It often leads to increased attention from investors and can affect the supply and demand dynamics of Bitcoin, potentially influencing its price.
Keep trading simple. - 4 HR Resistance - 2HR Triple top (multiple taps at structure, pin bars and engulfing candles) - 30MIN and 1HR timeframe also have triple tops with bearish price action - Looking for 20 PIP SL for a 60 PIP reward (simple 1:3RR), could even go lower
BTC has now started respecting bearish FVGs on the 4h time frame. As such, the next major buy for BTC reversals should be somewhere under 60k for the time being. Happy trading!
Continuation of trend!! Market Structure Bullish on HTF (Weekly Daily H4) Weekly Rejection at AOI Previous Weekly Structure Point Weekly And Daily At same AOI Daily Rejection from AOI H4 EMA retest Around psychological Level 1.47000 Entry At H4 HL Point 90% +3 REMEMBER: Trading is a Game Of Probability : Manage Your Risk ...
As we can see from the Daily chart we have inverted head and shoulders with a break above the next line. Also price broke and closed above the resistance level. I will be looking to go long once I get enough confirmation....
In this live trading video,we explore the 3 lessons that we learnt on missing the Brent oil trade. You can cross transfer these principles on any strategy.
Previous weekly candle closed within this resistance. Current weekly candle could just be a fakeout before moving lower. See where this week closes along with the monthly candle
On the above 3-day chart price action has corrected 80% since March of this year. (Remember 90% of traders lose money, this is now reflected in price action). A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action finds support on the Golden Ratio. How you should think of this, there’s more buyers now...
This is my Intraday analysis on EURUSD for 15 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Continuation Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...