Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - Chart only, I don't use indicators, MA, signals and trend line etc. Your comments are highly welcome. We need a relax and happy trading with happy ending on each trade. My chaos drawing is not to predict and guess the further, it is my plan where...
EUR is turning to upward in H1 time frame now, let's see how it go up this week!
todays maxpain values will magnit towards the Market Maker max pleasure levels
The other day I posted a 12 hour chart showing the clear divergence between the price and the RSI. While this remains true when I zoomed out to the daily chart looking for ideal entry - I noticed a larger structure. This will allow for a double bottom - I suspect that we will spend a few days on the lower trendline testing it. If it holds at around 1.16800 -...
12 Hour Chart shown The Euro is an regression channel and so is the RSI both going opposite directions. This a big triangle that the EURO is in - using the (1) line of the Fib, also the mid-line of the triangle - so this could be considered a double top as well, and this case the target. AUDUSD offers similar prospects, USDCAD already on the move....
I expect the ECB not to make any changes, this is due to the Strategic Review Report which they released recently (June Meeting), European policymakers made it clear that they won’t be TAPERING (key word) anytime soon. Market participants anticipate a dovish tilt on the monetary policy stance. I expect the ECB to increase quantitative easing to stimulate the EU...
Euro is in downtrend below EMA200. This is my forecast for the short position.
August is a Pivotal month for Geopolitical Events which began gaining momentum in March of this Year. The Economic crisis is a large contagion spreading throughout the European Union. The inability of the EU to continue buying Debt from its member states is clearly grinding to a sudden halt. Pressure to break up the EU is mounting in both scope and scale...
Hey everybody. I am a Daytrader and I do effective market analysis based on price and volume. Yes, really effective and you will see that ;) I have a complex system of analysis, unlike that primitive volume analysis, which is described everywhere on the Internet. Not to mention other garbage analysis methods, like graphic, candlestick, technical, waves analysis...
Its taken nine days to put in this double bottom. Circled you can see that there has been some significant accumulation. No doubt that a lot of longs putting it on the line. I would like to confirmation before getting long - moreover running all those longs to the short side and taking out their stops is likely before moving up.
After a big drop, we are getting closer to strong support. First - OB (Over balance) was tested yesterday. (Pink dot line) This shows the strength of the bears. If we break this support, around 1.2000 there is another - green rectangle. Noteworthy is the intersection of the 25/50 day EMA
An MACD bearish divergence occured on a weekly timeframe on EURUSD.
To be determined. But tentative target areas. All contingent upon the actions of smart money.. they run the show.
EUR pulled back to 4h MA50. We are coming up on the Memorial Day holiday which will keep markets closed on Monday, May 31. That could bring some added volatility with traders readjusting positions ahead of the long weekend, as well as critical data coming up next week, including the May Employment Report. Fundamental analysis With 50% of the U.S. adult...
PVol from yesterday was the low for today during GBX. Other HVN from yesterday also supported good entry points. Break of GBX high just recently broke on good volume.
Covid has largely taken a back seat on markets expected to be fully open this summer. The situation is not as bright in some other parts of the world but for now, investors don’t seem overly concerned. Most Western countries are on a similarly positive track as the U.S., but as we are learning, bringing the global economy back online is a lot more complicated than...
Exploding consumer demand has helped usher in material and labor shortages that are not only driving up costs and fanning inflation worries, they are also reducing manufacturing output. Fundamental analysis That means fewer pieces, parts, and finished goods sold all the way through entire supply chains. Companies may be able to offset higher costs and lost sales...