Key concepts I talked about in this video are outlined below. I wish I could cover more concepts and go into more detail but had a 20min time limit for the video. Maybe I could make a part 2. - false breakouts - global indices showing topping patterns and breaking down - FED balance sheet peaked in june 2020 - parabolic mania in tech stocks - PUT/ CALL ratio...
Strong Bearish Signal: The pair demonstrated a sharp fall supported by the large institutional volume and totally absorbed the previous rise. Moreover, the move was supported by the large negative delta, which shows that sellers are dominating the market now. Volume Zones: It is necessary to point out the new support level 1.1734 - 1.1743, which contains the...
Trade what you see - a structural shift has occurred at the break of the descending trendline, EUR buying is at an all-time high whilst GBP selling is at an all time high. If trade hits TP great if it doesn't on to the next. Trade was placed with the Alkaline Team. COT Data - 79% Short IG Client Sentiment - 56% Short (Great indication for longs)
We are seeing the same theme across the USDXXX pairs which is lots of consolidation and indecision. Although we saw price break out of that strong descending trend line, we have seen nothing but a range ever since. I will be waiting patiently for a break either way followed by a re-test and rejection before considering a position. IG Client Sentiment - 71%...
Price is clearly stepping down, it baffles me that people are still trying to fight the trend with a whopping 71% net buyers on this pair according to the IG client sentiment data. The trend is your friend, bears are in until we see a structure shift occur and we see some of these structure levels marked getting broken and begin acting as support.
Strong Bearish Signal: The price demonstrated a significant and sharp fall supported by the large institutional volume last week. It means that the smart money pushed the price downwards. Volume Zones: It is necessary to allocate the new support/local minimum 104.37. The price corrected upwards after its creation. However, the move was on the small volume....
Strong Bullish Signal: The price demonstrated an abrupt and sharp growth supported by the large volume. It means that the smart money pushed the price up. Moreover, given that the growth totally absorbed the previous fall, which shows the weakness of sellers at the moment. Volume Zones: We need to allocate the new volume level of support 1.2880 - 1.2898. The...
Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume. Moreover, the huge negative delta implies a significant sales imbalance. Volume Zones: The volume was evenly spread across the downward movement, hence, we can't allocate any new volume levels or zones. Consider Short Positions: Given all these factors, we...
Strong Bearish Signal: The pair continued to fall yesterday. The movement was keen and supported by the large institutional volume. It means that the smart money propelled the price down. Volume Zones: The volume was evenly spread across the downward movement, hence, we can't point out any new volume level or zone. Sentiment: This indicator shows that 68%...
Strong Bearish Signal: The price demonstrated a huge drop supported by the increased institutional volume. Moreover, the huge negative delta means that sellers are prevailing the market now. Volume Zones: The volume was even;y spread across the movement, hence, we can't allocate any new volume levels or zones. Sentiment: This indicator shows that 62%...
Strong Bearish Signal: The price demonstrated a huge drop supported by the large institutional volume, which implies that the smart money pushed the pair down. Volume Zones: It is necessary to point out the new support level/local minimum 1.2780. The price is currently testing this mark. Sentiment: This indicator shows that 64% retails traders are in long...
This is an idea for an intra-day trade on GBPUSD, if we manage to hold above the previous small resistance level then we can consider a small buy position into the next key level marked. It is quite obvious that GBP has finally reacted to the beating it was taking and on the lower time frames, you can see that price has begun to shift. IG Client Sentiment - 52%...
If we look closely into this pair we can see that a structural shift is taking place after the small descending trend line was broken. I will be monitoring how price holds in and around this area on the 15M time frame before considering any buys. It is also essential that you monitor the DXY before taking any pairs in conjunction with the dollar. IG Client...
Strong Bullish Signal: The pair showed a sharp growth and absorbed the recent fall of the price. The move was on the large volume and huge 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 new level of resistance 1.1828. The price is testing...
Strong Bearish Signal: The price demonstrated a huge drop supported by increased institutional volume and large negative delta. It displays a huge sales imbalance now and is a strong signal for further fall of the pair. Volume Zones: This formed a new level of resistance, which contains large market participants volume and was created during this move from...
Strong Bearish Signal: The price resumed falling and swallowed the recent sharp growth. It displays the weakness of buyers at the moment. Volume Zones: The pair is testing the support level 1.1790 - 1.1797 now. Consider Short Positions: Given all these factors, we may reckon a scenario of the support level breakdown, which will be a great bearish signal....
Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and totally absorbed the previous sharp rise. It means that sellers are dominating the market at the moment. Volume Zones: We need to point out the volume support level 1.3193. The price is testing this level at the moment. Consider Short Positions: Given all...
This pair is closing in on my trend lines marked and the pressure is building up, let's see which way it breaks before considering a bias. If the pair manages to stay below the previous key level marked I will be interested in a long term sell position with a great risk to reward ratio. According to COT data source - 46.3% short IG Client Sentiment - 43% short (I...