Having seen the price action take the buy limit orders placed in the overnight session, it was good to see the sell limit orders taken in the US session.
Would have been a good trade to catch.
The TP 1 has a 66% chance of hitting after the Initial Balance and that could be the turning point ahead of tomorrow's US inflation data.
TP 2 had a 33% chance of being...
Hello Trader! AUS200 index is in accumulation at 0.618% Fibonacci Level which is a Key level in Fibonacci retracement. If it breaks this pattern upside it will hit 0.786% Fibonacci Level and if it break it downside it will hit the next support area.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly...
QRVO recently had a huge High Frequency Trader gap after a compression consolidation pattern. The stock continues to move up with Volume Weighted Average Price orders due to Smaller Funds buying after the gap.
AUDUSD 4 hour
- There are a few nice pullbacks in the area around where the order block was formed. The one highlighted shows an area not tested yet. There are also around 3 touches to the downtrend trend. AUDUSD may be close to making it's last move to the downside before we begin to see momentum slowing down.
EURAUD - Previously posted an earlier shorting opportunity, price broke and continued upward.
- One the daily, we see a a block created a while back after breaking equal highs.
- The short opportunity that was earlier posted created equal highs to break which price is in the process of doing so. Looking to enter right were previous highs were broken at around 1.63700.
Price has broken out of trend
Looking for a retest. Critical level .87000 shows as a favorable entry
Two blocks are lined up where this retest could occur.
Equal highs pointed above
Price may come down lower and form a double bottom
- On the daily a k-tail is shown at around .87000 from several days ago.
as we can see in the chart we are in a price which is interesting for banks to put buy orders on
also the wedge pattern confirms the idea above but there are two possibilities
1) Price rise up as blue arrow shows
2) Price retrace to the support area to fulfill more buy orders from banks to get strength to rise up
High Frequency Traders’ huge flood of pre-open market orders gapped GOOG up. This was immediately followed by a surge of Dark Pool Quiet Rotation™. Dark Pools are using Buybacks and High Frequency Trader gaps to sell, in order to lower their inventory of stock.
KTOS is an S&P 500 index component. It rose on surges of HFT orders on sequential days, defying the sell down on the major indexes. Smaller funds managers often buy stocks with surges of volume, assuming this is Dark Pool activity when it is not.
Today no major update, fundamentals still great, waiting on the ETF news and looking closely to the 6.8K level like everyone else. Will not write about how important that 6.8K level is because that’s clear now (everyone speaking about it).
Today I would like to share some trades I’m going to make in the next days:
-So I expect a small rally before the ETF...
We are still in the greens today, how will BTC react and how should WE react to it?
Just a small update on current situation.
So as I expected are we still in the price-range between 7.8 and 6.8K . There hasn’t been a massive correction or a upwards trend since the big candle on Wednesday. This is a very bullish sign. This means that even when...
We might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair...
Shorting GBPYJPY due to it touching the channel edges and challengig EMA 200 (4h) and declined by both. The pair is also being close to fibonacci 50, aswell as RSI7 are near overbought. I will close out the current open position if it reaches above fibonacci 50, and look to enter closer to 61.8 and 76.4. Will place the order SLs above fibonacci 76.4, and TP at...