we have a nice hammer candle on the daily i would wait for a clear break on the 1hr before looking for a rounded retest to go long
counter to that if we push lower there is a level ild like to get long from but this has to be PA
Today, we delve into the crucial market phases, focusing on the dynamics of accumulation and distribution, along with the concepts of BOS (Breakout of Structure), Sweep, Range, and Liquidity. Understanding these phases is essential for developing an informed trading strategy and improving trading decisions.
The market goes through various phases, such as...
analysis
EURUSD
17.01.2024
Buyers and sellers continue to fight
EURUSD fell to new lows and tested its 200-day moving average at 1.08462.
Buyers flocked to that level on the first test, pushing the price up a bit.
As mentioned in previous videos this week, the 1.08788 – 1.0894 zone represents a key swing zone that was broken during yesterday's trading and...
1% risk,
Price about to shoot up.
I’ve been waiting for this move, and for a chart addict with click ready fingers. This is patience.
The time is right
FX:EURUSD is declining and forming an attempt to break trend support. Fundamentally, the TVC:DXY is strengthening on the background of the Fed's position, which negatively affects the base currency - EUR.
On the high timeframe we see that the dollar continues to strengthen after a long consolidation. The Fed is not going to give up and is trying to insure...
-SL @ 1.1000 🚫 (conservative)
SLO3 @ 1.0970 ⏳
SLO2 @ 1.0920 ⏳
SLO1 @ 1.0895 ⏳
SSO @ 1.0880 ⏳
TP1 @ 1.0805
BLO @ 1.0790 ⏳
✍️ Depending on the strength of this morning's USD News @ 08:30 ET / 05:30 PT, it could cause PA to PB and reach as high as 1.0970 (a POC Level)
⌛️ I'm waiting for PA to PB to one of our Sell Orders to re-enter and short it again
🎯 After we...
EURUSD has made its LL with morning star candle stick pattern. Exposed Divergence shows the reversal to bullish trend. Buy Entry on the previous LH will make sure that bearish trend breaks and then it will be a bullish run.
Balance of buyers and sellers on the EURUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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LONG
The price perfectly fulfilled my last idea. It hit the target level. The market formed an ascending triangle pattern after a bearish move. It bounced off the upward trendline that pushed the price several times. If price action shows strength at the border of the range zone, the market will go upward to test highs. I expect a shift in the trend once we see a...
Technical Pattern:
The chart illustrates a Head and Shoulders pattern, which is traditionally a bearish reversal pattern. This pattern is complete with the formation of the left shoulder, head, and right shoulder. The neckline of the pattern, which is the support level that once broken can signal the continuation of the downward trend, appears to have been...
Preferred direction: SELL
Comment: The previous week passed within the framework of accumulation and the situation with the main instruments basically did not change. Thus, we continue to adhere to selling priority for the Euro .
At the moment, two scenarios are active, stop-loss is placed closer to 1.11000 . The nearest target for the fall is the level of ...
