Japanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the...
Our cable trade from several days ago is playing out BEAUTIFULLY lets see if we can get some SUPPORT STRUCTURE tomorrow with CPI Hopefully anyone who missed out can get in before the main rally
Here we see USDJPY in its final push upwards. As we can see by the chart 138.00 is a very significant level for TWO reasons 1. It is a major FIBO level that is retesting the overall DOWNTREND that we are on from a WEEKLY perspective, this has been a necessary retracement to the massive downward trend that we had begun late last year. 2. It is the 1.6 FIBO...
After several weeks of Price action consolidating on CABLE inside of a DESCENDING WEDGE and forming several HARMONIC PATTERNS it appears as though we finally have a winner between the bulls and the bears. Based on the price action a bottom has been formed and a breakout of the WEDGE PATTERN has occurred. Assuming this is a STEP ONE BREAKOUT and a total reversal of...
From a technical standpoint we can see both momentum and trend intensity (angle) increasing. The retests in USDJPY are becomming less frequent and not as deep. Chances of continuing to the fib extension area of 138 is extremely high. Fundamentally the new BoJ gov nominee is known to be very DOVISH, Japanese yen should continue coming down to earth. Which makes...
After some careful consideration of the price action I realized that CABLE was making a very RARE, DOUBLE HARMONIC pattern called the 3 drives. In this case it appears as though CABLE is creating a BULLISH THREE DRIVES DOWN harmonic pattern. Which would frame our sells at this point and give us a nice potential EXIT to any CABLE sells at point #3. From point #3...
GBP/USD swing has played out almost as expected CABLE touched the 50 fib, dropped, then came back up and tested the next fib zone at 68 Price action rejected nicely at this point followed by very nice bearish momentum CURENTLY, IT APPEARS AS IF GBPUSD IS RETESTING THE TREND INTENSITY AND SHOULD NOT BE RETESTING AS DEEP Target is painted by our FIB...
Hey guys :) So, after seeing some bullish movement this week, we are now waiting for price to retrace a bit deeper to that fib below and then show us what it wants to do from there. As per my analysis, I would like to see price retrace anywhere between 159.500 and 158.500 within the fib drawn above. It may not even retrace much further at all and just continue...
Hey guys, GJ is still consolidating and is just accumulating liquidity right now. It is creating some sort of 'Flag', but as you can see, its also consistently hitting each fib as its creating the Higher Lows in that 'flag'. All it is doing now is just enticing everyone to take either buys or sells before it breaks out. The 2 options plotted are just my 2...
Price been ranging, failing to break below 90.650 Level Waiting for break and close below 90.650 level to enter sell
Update from my last bitcoin analysis. Short term bullish (net 3-6 months), long term, we'll see once we retest the red lines indicating resistance & then fall back & hold the white diagonal line, signaling a trend continuation to the upside. If this happens, that's when I'll look to add to my crypto positions. News does't matter to me. I'm a trader. All trades...
I haven't posted in a while because since I entered a position in my SPX index fund, there hasn't been much to say. Until now. I'm posting this chart to show my updated levels & chart analysis. I'm NOT adding to this position until we retest the (diagonal) white line, indicating the current trend that we are in. At which point, we will either hold the trend for a...
Daily Analysis of OANDA:AUDUSD using Smart Money Concepts, Institutional Order Flow, and Supply and Demand. Daily: s3.tradingview.com 4Hr: s3.tradingview.com Follow for daily FOREX Analysis
Weekly Outlook FOREXCOM:AUDUSD - Smart Money Concepts This week I would expect a pullback on the 4hr time frame and the possible setup for a swing reversal on the daily chart. Daily: s3.tradingview.com 4hr s3.tradingview.com If you found this valuable, make sure to follow my account for more! Daily analysis every weekday using Smart Money Concepts,...
Daily Analysis - AUDUSD - Smart Money Concepts - Institutional Order Flow We are in a decisional area on the Daily chart so we should remain neutral on the possibility until we have a clear intention on the HTF, for now I'll continue to look for trades in the 15m range. 1D s3.tradingview.com 4HR s3.tradingview.com
I'm already holding GBPAUD short but it seems like a good opportunity to invest more has come up. There is a broken demand zone that may be used as a flip as price comes up to trigger some buy stops at the high points of the last few H4 candles. The potential reward would be worth the risk so I'll put in a pending order to go short at the m30 flipzone.
Daily Analysis - AUDUSD - Smart Money Concepts Daily s3.tradingview.com 4hr s3.tradingview.com 15m s3.tradingview.com