$SPX - What's next?
Important data coming out this week out of US as well as Powell tonight it would be a surprise if he's dovish I'd personally like a pull back in US indices and to get back in long, this principle is validated with metals as well, let's not forget NFP...
As the market is forward looking, we have seen DXY decline as rates will be declining in...
There is a potential buy setup here
Based on smart money
We are in an Poi= point of interest
We would be waiting for a coch before entering a trade
Ideally I would look in LTF to check for further liquidity to grab
The creating a choch
I Always use an 1% risk
We are still in a bearish trend.
But the possibility of a trend change is not far from expected.
If you have a sell position, risk-free it or lower your stop-loss.
Between now and inside yellow area below, you can open long position in two steps.
The optimum stop-loss is on the chart.
Please share ideas and leave a...
4H bearish market structure as it can be seen in the chart, price just below an important structural point where price bounces up and down several times and shows that the area is important for traders.
there are 2 areas that price can tap into and reject from, one of them is a local top in recent price bullish corrective move, price can take out liquidity from...
$GBP - What shall we do now?
GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options!
1 Emergency rate hike
4 Fiscal spending
5 Swap Lines
Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
price 4H timeframe bullish structure move, followed by a lower timeframe bearish corrective move which brought price close to static support area and shows price intention of more upside move.
for taking a buy position we need:
1- price tap into the supporting area
2- see some bullish move in form of engulfing candle which shows that buyers are in the market.
* Overall Bullish Trend
* We are in a short term pullback
* Only available opportunity i see right now:
Buy at 167.700 IF we fail to break that support zone
Another update during pre-ny will be made.
After consolidation, a strong support level has been broken as shown on the chart. ADX indicates bearish momentum gaining strength. Will go short below last candle low of 6770
Entry - 6770
SL - 6980
Target - 6540/6415
Looking to see if price is going to make a push up on the 1-4hr, if we do see that ill be looking at areas to buy from... ONLY look for buys if we see some bulls set back in at the current time I still do expect to see price tap into support!
Looking for a continuation back into the area of 1.75000 support once again! Price made a nice move all the way down from 1.8 and now we have seen a retracement so looking for a nice short trade off this right shoulder to continue the downward momentum longer term!
Taking a calculated risk here.
Assumption: This is a backtest of the breakout above resistance. Start of the W-C up should be in place shortly. Taking trade with 2x Lev to upper end of resistance channel.
Stop loss: Once the triangle support is broken.