Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe...
Noticed a few possibilities for the EU and GJ Minuet 1 longs.
Looking at the m1, it appears to be a text book Wycoff set up. I don't usually look for this set up, but it looks like it fits the bill. Let's see if we run for the equal highs.
We se a break out of the previously held structure, followed with a retest and double bottom rejection.
If prices break the week resistance level and reached next resistance there will be a 4H BOS which make the 4H structure shift to Up but if the current level holds and we get a 4H Price Action Candlestick pattern we can short till ROLP lows @ 1.81420 Lets see what Price Action we get in next. Decision Time
Waiting for the prices to react with price action confirmations for shorts till 1.15000
This is just looking back at an interesting set up that occurred in USDCAD earlier in the month. This is what I call the balance tipping to the sell side. Hope you find it as interesting as a did. Thanks for stopping in.
Lets Hunt AUD/USD now for Short Gains! Short/Sell is recommended. Note: Do your own research before taking the trade. Sell: 0.74730 SL: 0.74900 Target: 0.73200
Current weekly bar is an inside bar and being ity appears buy stops have been neutralized there just might be a run for sell stops. Being that the daily is showing no close above a certain threshold, perhaps I have read it right. Half a % on the table.
Just a quick addition to the previous post on the GBPJPY long...
Entered then went to bed awoke and there went the impulse. Let's see if we can get the gap closed today - completing out the buy model.
As mentioned in the video, it is important to have a quick look at the weekly chart as it often gives clues on the potential direction for the up and coming week. At least this is how I see it. I discuss the concept of compression and how it offers some nice clues as well. Credit to influences: ICT and RTM.
A bit later to the party It could be high resistance in nature but there is a good change those green rectangles could be breached.
Us100 thoughts buy or sell what's gonna happen pure trend analysis please add your views like and follow
After a simultaneous run on yesterday's and last week's highs, will GME now run for sell side liquidity and close the weekly gap? We shall see.
Wasn't really looking to go short until I saw the close on the daily chart last night just before London by a few hrs. Interesting, though to see how one feed from Oanda shows something entirely different than another feed. Not a bad idea to use two different feeds to get some confirmation. Trade well!
Just a quick look at the AUDNZD 'possible' short scenario and some COT data. Recap on the current GBPCHF long - so far so good. A good start of the month. Have a great rest of the week.