Previous Analysis: US30 demonstrates very strong price rejection with "BEARISH" price action candles developed in the previously mentioned price range between $38,050 - $37,900. Price appears to be in an "ACCUMULATION phase", low-key consolidation but a wider range of price movement or fluctuation. Its following this phase in market movement we can begin to...
A little obit on how i came up with the trade idea.
Simple as can be 2365-2360 has held up the last 4 days, I'm expecting the resist to hold up and we can get some nice long positions at 2364 level. Let's fold our hands and wait to see the reaction at support on the LTF (lower timeframe). It is important to factor in key economic data and compare the movement of the dollar (DXY) to try and figure out what is...
If this D1 demand area gets taken out and new supply gets created with the DbD above... things would be quite interesting. On the flip side, watching this area for a Trendline break and 4h momentum shift to the upside possibly hunting the Drop base drop supply imbalance above. Adding US100 to my watchlist.
The last three times the premium on the bitcoin price on Coinbase was $40 higher than on Binance, the price increased afterward. Coinbase represents smart money (people like Saylor buys there) while Binance represents dumb money.
We entered LONG on Weekly demand zone. We discovered a D1 dZ yesterday in the webinar. We closed position partially and bringing stop to entry. trade going well
Gold as trading at 2382 with a noteable resistance level observed at 2405 should gold breach this resistance traders may consider pursuing the following targets 2426 to 2445 Alternatively should a sell pattern maniface to indicating a potentail down turm traders may anticipate the following support levels the initail support rests at 2359 followed by potential...
BTC dropped to the range lows on the daily timeframe and bounced at the top of the ascending channel that formed between October and February. While a lot of people were panic selling, I was DCA'ing into long positions with max risk of 5% of account should I hit my stop loss at 58,000. The 100 EMA on the daily timeframe is around 58,300 and if we go below that,...
Hello traders.. WTI Crude Oil has been dropping since the beginning of the conflict this past weekend between Iran and Israel. We are trending bullish so far on the year and are up 14%. Price is pulling back this week and we recently touched into a Daily support level 81.25 where we observed a bounce. I dont believe sellers are completely out on this bearish...
We may observe that GBPJPY has hit it's head several times at 192.803 and has failed to break above this level. All week we've been ranging after moving slightly up early in the week. Price wants to go up and since the Bank of Japan recently increased interest rates for the first time in many years, we may very well anticipate a continued trend on GBPJPY to the...
Gold price on M30 will continue its sideways trend. After being in the price area approaching resistance and supply, the gold price begins to show a continuation of the sideways trend which is marked by confirmation in the form of an impulsive downward candlestick which forms a new swing and then falls to the next support area.
Gold will continue its sideways trend on the M30 after touching the strong demand area. Gold prices rose to form a new swing with confirmation in the form of a bullish divergent. Next, gold is expected to touch the next resistance area or sideways supply zone.
NIFTY closed below va 1. gapup 22175 long till 22230-22300 2. 22175-22000 trade reversal 3. gapdown 22000 short till 21800
Hello traders.. gold has been making all time highs. The last all time high was created with consumer sentiment news that miss forecast for the USD last friday. Since then we've been going sideways and are currently in a 4hr range between 2,393 and 2,360. The weekly candle is bullish & the last 2 daily candles have closed bearish. The 1hr candle is currently...
4H potential long on DZ nested within the D1 dz 1/3 RR
- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 7th august 15 and Tp 2 21st july 15 - If we are looking for sells we take on until 13th august 03 and tp 2 26th march 24 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the...
Now bitcoin is trying to close above the monthly order block and channel midline. The overlap of these two resistances has made it difficult for the market bulls. It is better to wait for Close Candle in March. It makes the prediction easier for us. There are three more days left until the close of the candle. Set a firm stop loss for all your transactions.