In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
Several scenarios can play out today. We are waiting for more data. The current structure does not give us a reliable setup.
GBPJPY has recently been testing a strong support at 180 Yens. This level is a key one as it is the point of reference not to be broken for the trend to remain bullish. The level held price and we are about to see in my opinion a continuation to the upside. More in the video...
US and European markets continue the grind higher as focus remains on coming earnings from big Tech in the US. Overall, major indexes are extended so I feel that it will not take much to prompt investors to unwind and take some profits. In saying that, the trend remains up in the near term so there is no reason to close positions at the moment. The USD has been...
analysis on potential USDCAD trade idea explained let me know what you think
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades. We see a potential short today (against the main direction).
link TRAPPED oPEN INTEREST price of then go against it watch full video
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. A short trade can be initiated but be careful because you are trading against the main direction.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
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We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
Nifty and Bank Nifty analysis with important support and resistance levels and trade plan for tomorrow, Tuesday, 25th July.
In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. However, we cannot exclude another push as a wave ((iii)). Therefore, it might be a risky short trade.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We are waiting for an ABC correction to the upside and initiate a short from there.
Several scenarios can play out today. We are waiting for more data. Depending on what the market gives us, we see entries for both short and long trades.
Will try to make these more concise. Still learning and trying to understand.
Reworking my system to improve available profit and reduce screen time while also creating content publicly can consistently(Daily). 15 Assets on my watchlist at the moment. Might reduce later or increase.