Final Lower high set during London this morning setting off the long anticipated break to the downside we discussed recently. Are we going to revisit the September 2022 All Time Lows at 1.03595? Time will tell. All I know is we`re in a Bear market for now and my plan is to look for selling opportunities until the trend proves otherwise.
Back in May of 2002 price created an imbalance in price for Dollar Index (Monthly Chart). Price had only participated in sell-side delivery, leaving behind buy-side inefficiency. Since that time price has returned to that Monthly SIBI (Sell-side Imbalance, Buy-side Inefficiency. Fully closing the imbalance, making price completely balanced. From that strong...
EURCAD has nicely respected a recently broken horizontal structure resistance. Probabilities will be high, that the market will initiate a bullish wave from that. Goals: 1.4547 / 1.46 ❤️Please, support my work with like, thank you!❤️
Is Bitcoin about to do the unthinkable ? The highlighted zone marks the 21500 zone and will play an important role in determining whether we continue to trade higher or if this is the beginning of another painful leg lower for long term investors. Perhaps an opportunity to buy at lower prices?
EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday. 1.441 - 1.446 is now turned into a demand zone. I will expect a bullish wave from that area to 1.455 / 1.46 levels. ❤️Please, support my work with like, thank you!❤️
A push to the upside ahead of BOE Gov Bailey"s Speech tomorrow. Could this be a bull trap setting up to trigger the next sell off ? If we continue to see Dollar strength in the market over the next few days this may well be the catalyst leading to a much weaker Pound over the next few weeks. A bearish monthly close for February signals bearish sentiment for March.
Here is the wave analysis for EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the range matches perfectly with a key weekly resistance. Depending on the reaction of the price to the...
Detailed video analysis on Dollar Index. Key levels analysis. Price action. Potential scenarios & trading recommendations. ❤️Please, support my work with like, thank you!❤️
The Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe 1.19000 marks what could be the neckline where buyers may attempt to regain control A break of 1.19000 confirms Double Top and should trigger more shorts In September 2022 the Pound dropped to 1.0350 forming a 37-year...
GBPAUD was stuck for some time on 1.75 - 1.763 horizontal supply area. That structure was finally broken this week. It turned in a demand zone now. I will expect a bullish wave from that at least to 1.788 ❤️Please, support my work with like, thank you!❤️
CADJPY broke and closed above a solid horizontal supply zone on a daily. The broken structure turned into a demand zone. Probabilities are high that a bullish wave will initiate from that. Goal for buyers - 101.0 ❤️Please, support my work with like, thank you!❤️
NZDCHF broke and closed below a key daily structure support last week. Probabilities will be high that the pair will keep falling. Next supports: 0.574 / 0.57 ❤️Please, support my work with like, thank you!❤️
So, this week, EURJPY broke a key daily structure resistance and closed above that. We saw a positive bullish reaction from that on Friday. Probabilities will be high that the market will keep growing next week. Goals: 145.0 / 146.37 ❤️Please, support my work with like, thank you!❤️
So the range, that we spotted earlier on Dollar Index, is finally broken. The market successfully closed above that on a daily. Now a further bullish continuation is expected. Next target - 105.1 ❤️Please, support my work with like, thank you!❤️
If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. This strategy is also used Live by Green Lion Capital Social Trading on Zignaly. As projected earlier, the market experienced a reversal after accumulating enough volume for liquidation. I anticipate that the market will witness another bull run to attract more volume...
EURJPY finally broke and closed above a major horizontal resistance cluster on a daily. The broken structure turned into a key support now. I will expect a bullish continuation to 145.0 / 146.3 levels. ❤️Please, support my work with like, thank you!❤️
On a today's live stream, we discussed EURUSD. The pair is currently consolidating within a narrow horizontal trading range after a strong bearish movement. 1.065 - 1.068 is its support. I am waiting for its breakout (daily candle close below) to short. The pair will most likely drop then. Goal will be 1.053 ❤️Please, support my work with like, thank you!❤️
EURCAD was consolidating for 3 weeks in a wide horizontal trading range on a daily. Its support was finally broken this week. I believe that the pair may go lower now. Next support - 1.428 ❤️Please, support my work with like, thank you!❤️