Japan is suspected of intervening repeatedly, causing USD/JPY to fall to a three-week low at 151.85 last Friday. However, the currency pair has rebounded this week, reaching a three-day high at 154.65 in Asian trading yesterday. Japanese officials have consistently refused to answer whether their country has undertaken selling actions of the dollar to boost the...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 0.8210 - 0.8230 SL @ 0.8244 TP 1...
Much more clearcut than Fibre. Short-term bears are to attack 1.07434 When will we see discounted prices?
- Price closed last week with a low volume weekly candle left a weekly imbalance / FVG. - We predict weekly candle to fill the imbalance and close bearish but on a daily timeframe we still see a huge liquidity void in the premium area of the last range so price might open bullish retracing at least 50% of the last strong bearish leg and that will be correlated...
Price is currently rising to the area we identified as our sell entry at 1.91228 which is a pullback resistance that lines in gap with 50% fibo retrace level. Our target is 1.89295 (weekly low ) and stop loss is placed at 1.89295
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.97973 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.98353 Why we like it: There is a pullback resistance...
Inverse H&S? Strongest bull leg of the day? Wavetrend bullish divergence. Hull and pitcfork bullish?
Price Is falling to our buy entry price of $1.23500 level. A support level which price created on 24th April 2024. Our take profit target is 1.26126 (pullback resistance ) which also aligns to 50% Fibonacci retrace level. Our stop loss level is identified to be 1.21768 (pullback support )
Hello traders welcome back to another Concept video. In this video, we detail some of the best times to trade the Eur/Usd Currency pair. This happens to be at Session opens. We go through the 3 Session opens and walkthrough examples of increasing volume ( Large candles). Session opens can provide a great catalyst for 1) a continuation of momentum of the preceding...
USD/JPY raced to test 160.000 last week and as expected, had a massive sell-off that ended Friday just below the 152.000 breakout area. Should we still be long? Or is it time to get short? How do we trade this? 🤔 The question in my last analysis was are we in for a hard sell-off? And should we buy these pullbacks? The conditions we see today change the...
The sell zone seems solid as the price has been rejected multiple times in the past. I do notice that the price is trading below the Ichimoku cloud, which is a good sign of bearish momentum. Let's see how this plays out. Potential Trade Opportunity: Currency Pair: GBP/AUD Position: Short Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 1.89692 Stop...
Looks more clearcut than the stock index markets with more of an incline to selloff into the 1.25020 - 1.25181 Narrative will be adjusted if I am to see candle body closure above 1.25639
ICT & SMC Concept trading Higher timeframe, price is still bearish. Fundamental GBP is neutral & USD still bullish. Price retrace back in H4 bearish OB. Price taking buyside liquidity and pushed lower forming a lower low closing candle. That is a strong confirmation of institutional order flow towards the downside. It recreate a FVG from a rejection block. and...
Buyers holds firm at 154.855 level as we see the strengths of buyers in a continuous rise! A buy opportunity is envisaged from the current market price. Target is 158.00 stops at 153.865
Bullish strength continues to surge higher as buyers holds firm around 154.826 . This implies, there could be a shorterm further bullish retreat to 158.000 Before we can consider shorting.
The price is moving inside a short term down trend channel and retracted back to previous support line and now working as pressure line. The SlowStoch is in over bought level and crossed in 16 hours time frame. RSI is in 50 level and turned to south. Try to short and target is the down trend channel bottom line area. It could be the fifth wave to South.
The price would be possible have a retraction, since a divergency show up long time between the price movement and the RSI in 16 hours time frame. The Slow Stock is in over bought level, the price is near the up trend channel top line area and previous top as pressure line. The price is in fifth wave top area. Try to short the retraction.
In Daily time frame, the price got supported by a short term channel bottom line. Slow Stoch and RSI both are in a over sold level, crossed and turned to North. The price would turn to North and moving in a big sideway channel. Stop long trade if the price break out the short term channel bottom line area.