From last week after makes a V reversal, USD stay in bullish market sentiment. The last Supply turn into demand and price breaks the uptrending 4 hours channel and then reached the monthly upside channel. Will, he also breaks this level and still going up? With NFP coming on Friday 06 September, probably yes! there's a monthly supply as a target.
After the recent bullish move on USDJPY and knowing USDX is strengthening, the most probable price direction is bullish and we expect to see under and over pattern plays since we make a recent double top. Waiting for price action confirmation at 105.500 level!
Dollar is strengthening and AUDUSD make a clear rejection in the sell area, time to go short from 0.67900. You can use any edge to find your entry and remember using money management plan. Stop loss should be over the supply. take profit is open, hold around two days drops : )
Good trades !
After making a bearish engulfing from supply level as the Dollar get more strength, the most obvious scenario is a drop. Suggest price to sell, enter at current market price with stop loss over the supply. Good trade !!
USD make a bullish day yesterday and close over 94.80. obviously, price decide to move down and entry-level I suggest since it breaks the trendline is 1.20500 to 1.20600.
Sell, Sell, Sell! Keep using money management plan and stop-loss over the supply. Good trade. Take profit is open.
Since Dollar is in sideway market profile waiting for news coming, EURUSD also is compressing in a sell area.There is a strong predictive value and the most probable next move is bearish. Use any edge to enter but enter close to the supply level.
Hello fellow traders,
BTC makes a recent double top on a supply area in 4hours time frame.
Higher probability bearish scenario happen over the bullish scenario.
Even if a bullish scenario plays wait retest to close sell and enter long.
Keep eyes open, stay perfectly focused in the now moment opportunity flow. Anything can happen : )
By observing the dollar from a monthly perspective, we quickly see the formation of a partterne: the Quasimodo(QM) which gives us a vision of a bearish scenario.
Currently the price is in a compression towards a sales area (MONTHLY SUPPLY).
If we want to go in this direction, we must also take into account that the supply can be quite low and the price could...
On a monthly view, gold has monthly bullish objectives. Currently it continues to make highs towards a decisive zone: a potential sales area (supply) where buyers could take their profits.
It is also quite likely that instead of starting a new downtrend from 1565.00 ~ 1620.00 the price consumes supply and will seek the highest recents liquidity. From this point,...