Market has been trading in a range second half of November which could be that traders are very cautious about this rally.
Today, any test of yesterday's RTH session Fibonacci 50% range could provide direction for the day.
Level to watch 3968 --- 3966
Reports to watch:
US:Chicago PMI
9:45 AM ET
US:JOLTS
10:00 AM ET
US:Pending Home Sales Index
10:00 AM ET
...
High probability buy. We have been waiting for the price to make its final touch on the support trend of which is our major key as it was said before that this setup is more likely to happen exactly as predicted. Well we have our retest and now safe to buy
US30 has shown a pause on the current bullish movement on higher timeframes which might indicate that a retracement downwards is about to begin. On the lower timeframes it has started showing the willingness to drop and if you're willing to take the risk you can take a short term sell. My set up is a 1:5 risk:reward. Remember to apply proper risk management and...
SP:SPX
Inflation has peaked. Leading indicators point downwards.
US Economy is relatively Strong. Soft Landing?
Positioning and Sentiment is very bearish.
FED is signaling a slower Pace + they are closer to a neutral rate.
EPS have been downgraded so that there are room for surprises.
Valuations look fair in a historical context.
Bear Market...
#midterm trading idea
as you can see price recently test a very important static support area which has been tested 3 times before from above.
price took out liquidity from the lowest low of 3 bounces and failed to close below an arrow that we have on the chart. also if you check weekly timeframe you can see also price tested a 200 EMA as well and didn't close...
another similar selling opportunity like what we have on #EURJPY.
again we have bearish impulsive which is followed by a corrective bullish move, showing that price have an intention of more downside move, but in order to do that price needs to take out liquidity from somewhere.
so in order to short this pair following things need to happen:
1- price comes up to...
4H bearish impulsive move followed by a corrective move which as you can see found resistance several times at around 61.8% Fib level. also in this area if you go to 1H time frame you can see there is a clean break supply zone.
looking to short if following comes true:
1- price taking out liquidity from above the arrow.
2- price fail to close above the arrow.
Yesterday's price action was mixed which could be due to indecision by traders.
Therefore, we could have similar session today.
Level to watch
Reports to watch : 4000 --- 3998
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURCHF. EURCHF has breaked the main Rising Wedge. Now this is giving a good downtrend pattern. It has maximum Chances we can see price around 0.96 or below.
Keep in touch we will update further soon.
Yesterday's price action confirms the fact that volatility is high at this time and might continue for a while.
Any test of yesterday's Close could provide direction for the day.
Level to watch 3800 --- 3802
Report to watch:
US: EIA Petroleum Status Report
10:30 AM ET
Guy's
In this (D) Chart my targets are shown with 4Triangles, Resistances, Hedge point & Supports
I see my targets will hit because (D) Chart have touched the support 3 times without
touching the upper band of BB, and at the same time RSI & MACD is also favouring it.
if you see RSI after it got overbought at 81.46 on 8thMarch2022 from their it came back to...
Hello my Fellow TraderZ,
On last two occassions I have made my statements about $DOGE #DOGECOIN on both the Shorter & the Higher TFs which eventually played out as well.
So, I'm up here again with the another analysis of $DOGE.
Currently, $DOGE is sitting at the important level of Support on DTF. Bounce here is expected, if happens so we are going to test the...
Hello my Fellow TraderZ,
If you see $ETH #ETHEREUM - it is similarly like the last time when the price got rejected by the Downward TL. If the Rising TL (RED ARROW) breaks, expecting the price to test atleast the support level of $1420-1370. This move likely be supported by the Bearish Divergence formed on RSI on 4 HTF.
This is looking obvious also because after...
Hello my Fellow TraderZ,
As FIFA World Cup is approaching closer, keep all the Football or the Fan Tokens in your radar. They will go insaneously popping up out of nowhere.
$CHZ #CHILIZ is one of them.
Look, $CHZ is forming class Inverse H&S on DTF. Though it is currently at the confluence of Resistance Zone of Horizontal R + Neckline of Inv. H&S, I'm bidding...
