Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it. Besides it, we need to point out the presence of the local uptrend. Volume Zones: It is necessary to allocate the level of resistance 1926.30 - 1929.00, which contains the large volume. Consider Long...
GBPCAD could really have a great deal of upside potential if we see continued respect of this ascending channel. Me and the team are currently involved in a long position that will most likely get closed out at breakeven if we dont start to see signs of bulls coming to the party. COT Data - 52% Short
I have a marked area of interest that I will be looking to buy from to my upside target. If we manage to see rejections from this region, I will consider a buy position. COT Data - 76% Short IG Client Sentiment - 68% Short
Strong Bullish Signal: The price had corrected down, but after the formation of the new volume zone at the daily low, the price resumed rising. The move was sharp and confident. It shows the weakness of sellers. Volume Zones: It is necessary to point out the resistance level 1.1802. The price is trading near this mark at the moment. Sentiment: This...
Strong Bullish Signal: The pair continued rising after the test of the support level. It is necessary to allocate the presence of the local uptrend. Volume Zones: We need to point out an important level of support 0.7137 - 0.7145, which contains the large volume. Sentiment: This indicator shows that 68% retails traders are in short positions, which is a...
Description: An analysis for the week ahead. Points of Interest: Low-Volume Area Below $3,320; High-Volume Area At $3,370; NDX, RUT, and SPX divergence. Technical: Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the sell-off. During Last Week’s Action: Participants defended the low-volume area -- which denotes upside...
I would like to see silver fly to the upside after rejecting the previous key structure. I have placed a potential buy limit with ideal SL and TP positioning. COT Data - 69% Long
Strong Bearish Signal: The price showed a sharp sink supported by the large institutional volume last week. It means that the smart money shoved the pair down. Volume Zones: It is necessary to point out the new resistance level 1.3330, which contains the large volume and has already been tested by the pair. Sentiment: This indicator shows that 67% retails...
Strong Bearish Signal: The price demonstrated a huge drop supported by the huge volume and negative delta. It means that the smart money propelled the pair downwards, which means a significant imbalance of sales. Volume Zones: It is necessary to point out the new volume level of resistance 105.65 - 105.70. The price started falling exactly after its creation....
Strong Bullish Signal: The price showed a sharp and confident growth supported by the large volume and positive delta. Both mean that the smart money pushed the price upwards. Volume Zones: It is necessary to point out the new support level 0.7150 - 0.7158, which contains the large volume. Sentiment: This indicator shows that 69% retails traders are in...
Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it. The move was on the large positive delta, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Volume Zones: We need to point out the level of...
I put together this chart to show you that in reality, all we are seeing is indecision. We should be patient and wait for the market to show us its clear direction. Once we see a break either way, I will be looking to buy/sell from the re-tested structure to the targets marked. COT Data - 54% Short IG Client Sentiment - 59% Bullish
Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it. Moreover, the strong local uptrend implies the probability of the further growth. Volume Zones: We need to allocated an important level of resistance/local maximum 1.3410. Consider Long Positions: Given all...
Strong Bearish Signal: The price showed an abrupt sink supported by the large volume and broke through the previous support level. Moreover, the large negative delta implies that there is a huge sales imbalance. Volume Zones: We have to allocate the new support level 0.7012 - 0.7020. The price is trading near this mark now. Sentiment: This indicator shows...
Looks mike there was a shift of momentum toward the end of the New York session. After pulling a quick fib trying to decide what my sentiment would be for the next 24 hours, I've decided that it would looks like a Bullish EURCAD day for the next 24 hours. Or until I hit enough targets. I shall update as we progress. I did the same with EURAUD too. We shall see.
Very slow market to deal with today in anticipation of the upcoming major news. I have decided to take the plunge and dive into this trade, hopefully you will be able to gather why from the technicals, but if you have any further questions reach out to me in the comment section. IG Client Sentiment - 56% Short (Fighting Retail) COT Data - 54% Short
Strong Bearish Signal: The price continued falling and broke down the previous support level. Moreover, the move was keen and supported by the large volume, which means that the smart money pushed the pair down. Volume Zones: This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1729 -...