EURUSD hit the 0.618 Fibonacci retracement level and got rejected. This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did. Trading Plan: 1. Sell if today's candle closes in red. Targets: 1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50...
Once again ( gotta get a hang of this ) forgot to publish.. Got TP1 fairly quickly, TP2 didnt hit but closed second position at 60 pips
This is my Intraday analysis on EURUSD for 12 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish / Pullback Phase Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of...
Hello Traders, In today's trading session, we're keeping a close eye on GBPUSD for a potential selling opportunity around the 1.28100 zone. GBPUSD has been following a downtrend, and it's currently in a correction phase, nearing the crucial support and resistance area at 1.28100. Adding a fundamental layer to our analysis, today's release of the Consumer Price...
With the help & manipulation from CPI data, the DXY is now pushing within our technical bias. We saw in the previous days the $103 low's get taken which would have trapped in new sellers, now CPI has come in & liquidated them. Previous Inflation Rate: 3.9% New Inflation Rate: 3.8%
XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat. LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.09200 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.09200 support and resistance area. Trade safe, Joe.
Here is my latest structure analysis and important key levels to watch on USDJPY. Resistance 1: 147.6 - 148.0 area Resistance 2: 149.1 - 149.4 area Resistance 3: 150.7 - 150.9 area Support 1: 145.8 - 146.4 area Support 2: 144.3 - 144.9 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Last week we got all bullish price action on GU. This week I dont feel like we will get more of the same but I have to wait and allow for the set up to show itself before getting active.
EUR/USD currently following a bullish channel. ATM testing a key support zone and also support trend channal. Were we can expect a rejection back to the upside. Focus on going long with targets:1.0970, 1.0990 Resistance: 1.0965, 1.1000 Support: 1.0918, 1.0892
EURUSD has turned bullish on the 1D timeframe (RSI = 62.360, MACD = 0.002, ADX = 55.342) but on the 4H chart it has started the bearish leg of the 1 month Channel Up. There is still time to sell and target the 0.5 Fibonacci level on a -0.85% decline from the top (TP = 1.08870), like the bearish wave after the Feb 22nd top. ## If you like our free content follow...
This is my Intraday analysis on EURUSD for 11 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish INT Bullish Swing Pullback Phase 2. After a BOS and iBOS we expect a Pullback. As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones,...
Gold moving very choppy to the upside, despite a positive NFP figure. We're seeing a trap form which'll keep enticing new & new buyers into the market, before we see a reversal. Waiting for a break of structure once our 'selling confirmation' zone is hit, which is when we will short the market. Till then I'm sitting on the sidelines📉
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price fell below $2050 level, which coincided with support area, thereby breaking it, inside falling channel. After this, price tried to back up, but when Gold entered to support area it at once continued to fall. Then XAU repeated this movement,...
Decades of shorts are over imo. Geo setups are very interesting from my point of view, regarding this region. CU ltr. All currencies appearing in this post are fictitious. Any resemblance to real currencies, existing or dead, is purely coincidental.
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
Target Price#1 -> 43KRW Target Price#2 -> 130KRW Target Day 2024/03/31
– Last Weekly candle closed extremely Bullish breaking above the all time high formed in December 2023. Friday Daily candle closed strong Bullish around 2179.300. I’ll be looking for potential Buys above 2185.800 targeting 30min Resistance around 2194.000 and Strong Key Level around 2200.000. I’ll be looking for potential Sells below 2170.800 targeting 1h previous...