Premise: I took the trade off the 2 hour pivot supply zone. On the higher time frame 1D we are sitting inside a crucial level nearing the range highs and also inside a supply zone. Lower TF structure shifted so I refined time frames lower to find an entry as close to the 2h supply as possible, using the 30 min for execution and SL placement. Targeting a sweep of...
The potential for the price of Bitcoin (BTC/USD) to go down could be due to a channel break and retest technical analysis pattern, as well as unfavorable fundamentals. In technical analysis, a channel break occurs when the price of an asset moves outside of a previously established trading range or channel. If the price fails to hold above the channel and retests...
*NO fundamental analysis* My bias is on a long side for PTTGC, a stock in SET. Technically, the LH and the main trend line is broken. It implies that bearishness has shifted out from the market. It is a better try to buy, but we need to be patient for the throw back to demand zone. The RSI is getting hotter which significantly shows bullishness in this stock.
Yesterday brought another interesting trading session, with the market being very complacent before Jerome Powell’s speech. However, as soon as he walked on the stage at the Economic Club of Washington, the market rallied. In the early minutes of the speech, SPX jumped up approximately 1.20%. Although, once the FED’s chairman mentioned ongoing rate hikes in the...
The British pound is in positive territory on Wednesday. In the European session, GBP/USD is trading at 1.2107, up 0.47%. The pound is recovering from a nasty slide of almost 400 points, in which it dropped below the 1.20 line for the first time since Jan. 23. The equity markets were nervous ahead of Fed Chair Powell's remarks at an event in Washington on...
The majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion. The following comments were published to out client platform yesterday evening. Pepkor reached my prior long target and has since...
My outlook for EURAUD, I believe that MS has shifted from Bearishness to bullishness and I will definitely look for confirmations to go long from that potential Demand areas, let's see how market will react to them
Weekly -Taking a look at Weekly we can clearly see Bitcoin has been on a tear these past few weeks leaving many asking when will be the next opportunity to buy back in - It's important to know that on the weekly closure of Jan 23 we closed above the Weekly EQ level that formed the swing we are currently trading within - So where does this leave us now? -Well with...
This week we are dealing with the following news moments: Tue Feb 7 AUD Cash Rate AUD RBA Rate Statement USD Fed Chair Powell Speaks CAD BOC Gov Macklem Speaks Wed Feb 8 USD FOMC Member Williams Speaks Thu Feb 9 GBP Monetary Policy Report Hearings Fri Feb 10 GBP GDP m/m CAD Employment Change CAD Unemployment Rate USD Prelim UoM Consumer Sentiment Here are...
Believe we have shifted down and can see more downside coming! Definitely using proper risk management tho!
ICICI Bank analysis in 4H timeframe. ICICI Bank was in nice uptrend and following the trend line. But now it looks bearish after deviation from high of 942.90 . And now market structure is also shifted to downside After breaking the trend line and orange zone. Now I would like to short it only if it it comes back for a retest of Orange zone. Just wait for some...
Hey Everyone, Please see our updated 1h chart Goldturn support and resistance levels and updated targets. We had a 1000 pip tank last last week from a nice bull run into the resistance structure. Price has now found some support at 1864 Goldturn support structure. 1853 is our weighted Goldturn so a break below this will open the lower levels. However failure to...
We will have to see what is gonna happen in the next 2 - 3 weeks. We could get a blow off top in Bitcoin and traditional markets to trigger a drop... Crazy times in the Macro Economic world, Big shifts in Finance could change the way markets react this time around... I always base the movements on Emotion (Fear and Greed) . With voices on every outlet...
Fundamental analysis: The recent monetary policy decisions, such as the increase in interest rates, have a significant impact on the direction of the XAU market. According to one view, the bearish trend is expected to continue due to the effects of these monetary policy changes on supply and demand dynamics. However, another perspective suggests that XAU may be...
Price broke down this week heavily after failing to break the daily highs at the top, & the structure of the trend has shifted to bearish momentum. This upcoming week, I am looking for a pullback towards 1.21000 for a retest of a key area of broken S/R as new resistance, for price to resume lower.
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
With confetti flying and champagne corks popping, Wall Street yesterday closed out its most lucrative year ever. For traders and dealers, 1980 was also a year that required quick reactions, steady nerves and strong stomachs. Extreme volatility and high volume were the hallmarks of the financial markets and, judged in those terms, it was a year unlike any...