This is in reference to our previous idea of looking at a potential entry on daily seller bar high to be taken out for price to continue further upwards and go onto confirm the bottom on daily and then weekly according to our smart money framework and indicator. The bottom has not held and price is going further down. The trade is now invalid and the order will...
This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale. As of today,the daily bar seems to be going in our favour for the 4th day in a row. Let us see if the bottom confirms on the daily today...
We are looking to capture a weekly P1 move on EURUSD after the top confirms on the weekly timeframe. We are following the smart money framework based on cycles and the volume spread analysis methodology to catpure the turning points in the market and to ride the big runners.
This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale. Let us check and see if the bottom confirms today according to the smart money framework. So far, the daily is going in our favour.:) Refn...
Hey Everyone, Please see our updated 1h chart levels and targets. Price is ranging sideways between 1910 and 1918. 1918 is a weighted level of resistance and the next Bullish target. We will need to see 1918 break and lock to open the levels above. 1919 and 1902 fall in the retracement test range and likely areas of test. We will keep this in mind when taking...
Hello Guys, This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts... If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue. It would be nice...
Hey Everyone, Please see our updated 4h chart levels and targets. We are in bearish formation respecting the Goldturn descending channel and currently testing the 1911 Goldturn support. We have 1918, as the immediate Bullish target with a break and lock above this level will provide the momentum to test the channel top. Price has found support at 1911 for a...
Hey Everyone, Please see our Daily chart update that we have been tracking. Price bounced off the resistance structure leaving a long term gap to 1992. The rejection played into the Axis support level. EMA5 previously failed to break this level, which followed with a bounce back up. If we see EMA5 cross and lock below this level then we are likely to see the...
Hello Guys, I don't trade crypto for personal reasons but a friend requested I do this for her and I thought to share it here too. Although BTCUSD still needs to reach lower before rallying, I speculate that the coming week will be bullish for a particular trading pattern I have come to understand differently than what is been taught or written about. I would do...
Hello Traders, EURNZD rallied almost throughout this week and at some point it is expected to retrace. If you go on your monthly chart and use your Fibonacci to calculate the extension, you would notice that price just traded to the first expected price target and it make sense that the price should start the retracement from there. On the 1-hour chart, you...
Hello Day Traders, I come bearing bearish fruits. This trade is simply a continuation of the bearish trend. Looking at the daily chart, you will notice that the price structure in the past couple of days is bearish. Also, there was a price manipulation to the bullish side yesterday. This is very visible by just looking at how yesterday's candle closed. My...
Hello Day Traders, What you can see is a sell setup on GBPUSD... Looking at the daily timeframe, you would notice that this pair is bearish in structure... Although the bullish rally is drawing closer, it is always advised you trade what you see not what you want the market to do. The daily chart shows that there is likely to be another daily bearish candle and...
Hello Traders, I know this pair is not one that most people trade, however, the price structure of this pair presents a short trade for day traders. This pair has some bearish juice in it and based on the price structure, this pair is retracing after the bullish rally. If you look closely at how yesterday's candle closed, you will notice that the price was...
We are correcting the price and we expect to react to these two ranges to continue selling
💎CRVUSDT is presently navigating within a descending channel and making lower lows and lower highs on the 1D timeframe. 💎One critical point to notice is that it is positioned near a crucial support level, which aligns with the POC of VRVP. 💎 Just beneath, there's a pronounced demand zone and additional significant support that CRV could potentially approach for...
💎 Currently, AAVE has emerged from its wedge pattern. Notably, the POC of VRVP is serving as foundational support, and we've witnessed a retest of this level. 💎 It's also worth noting that the price is navigating beneath the 50 EMA. If this trajectory persists, our TP1 could be reached soon. 💎 On the flip side, should the price revisit the support owing to...
Pair : DE30EUR ( Germany 30 Index ) Description : Consolidation Phase Impulse Correction SMC - CHOCH Bearish Channel in Short Time Frame Fibonacci Level - 61.80%