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!❤️
-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows. -Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs. -Daily candle rejected from the Daily +OB again, and also failed to displace and close...
Weekly & Monthly timeframe analysis. Daily signal, 1/4H entry. 1:4/5 RR ratio. News on Tuesday 1.30 pm UK time could change this.
Analysis - High Timeframe analysis (12M, M & W) - Price is at a very strong weekly resistance zone. - I'd like to see how this daily candle closes today - There is heavy news on Thursday, so gotta be cautious of that. Actions - Depending on how this daily candle closes, we'll look to take entries on the 1H/4H timeframe for the rest of the week. - But for now, we...
H4 Analysis: Expectation remains the same as per analysis yesterday (28/02/2024) -> 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...
The recent 63K high closed the weekly imbalance (FVG) from previous ATH at 69K. On Daily TF the Feigenbaum fib projections are panning out perfect, with a first test of 1.6714, a retracement to -0.6714 before extending to target 4.6692 (and zone above). Next move would normally be down, and reaching external liquidity at 38K frist, and then perhaps all the way...
H4 - Bearish convergence. No opposite signs. Expecting short term bearish moves to happen here. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
This is my Intraday analysis on EURUSD for 29 Feb 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 created INT to INT Structure. 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS...
Weekly formation is still bullish but depends on how the weekly candle closes at the end of the week, I expect a strong reaction as I am still bearish for USD. Bias can change really fast after important USD News. So my prediction is to form a strong weekly wick at the end News: 14:30 - Core PCE Price Index m/m Unemployment Claims
As price has reached a significant point of interest (POI) on the DXY (H4) chart, we anticipate a strong selling momentum emerging from this level, likely to persist throughout today's trading session. Turning our attention to XAUUSD (Gold), it's probable that we will observe some correlation or price consolidation during the Asian session. However, as the London...
The probability of a long trade is determined based on the SMC, with analysis conducted across multiple time frames. This involved moving between timeframes to identify areas of liquidity and order blocks, a method known as top-down analysis, which entails moving from higher time frames to lower time frames.
On the above 8-day chart price action has corrected over 90% since March 2021. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Price action backtests past resistance as support. 3) Price action prints a double bottom bullish divergence. 4) Some other stuff, will say elsewhere.. Is it...