Even number trade on Gold... For educational purposes only!
Watch round numbers on Gold weekly and daily and you will be amazed! Use those levels for stops! Especially even numbers...Global market is chaotic. It moves billions and is not relying on indicators but on round figures. Most of economies and companies use round numbers to buy and sell. Those are true critical levels that you can rely on. Dont overcomplicate your...
The power of even numbers in EURUSD. Eveb numbers (thickened) vs odd numbers (thinned).
Eurusd hit liquidity block and 1.13 is likely to be reversal level for this move. Most likely it will crawl up to cover the newly formed inefficiency before the bearish trend will contoniue to years S1 pivot / TD projection. Price might well end this year at Quarterly Camarilla L5 (S5) - I havent plotted thatbut it is inside of liquidity block. Watch even round...
Dollar is on the verge on releasing from the contracting volatility funnel. It reacted at the previous point of release to the pip. I suspect price to release to the upside, as uptrend is still in place (no lower low) and as you see dollar corrects itself in those contracting funnels. If price releases to the downside (what is possible) there will be a massive...
Price stalled at A UP yearly breakout level and should break that level. On monthly you can detect a massive falling wedge reversal pattern.
USD shows strengths by breaking above 8 weeks SMA Median Price. It managed to hold above it but we didnt see a significant push after the breakout retest today but it was Friday. It might come next week. If dollar remains weak on Monday Tuesday it is likely to crack below... Pay attention to AVERAGE PRICES. Median is more important than close in forex, as there...
Safest way to trade currencies is to use round figures, so called psychological levels.
Hello Traders, This is what I expect in 2021. Right now we came back to yeatly close and are staying in the Yearly Neutral Area. But we have hot several ILLIQUID THIN RUNS (GAPS) on daily to the downside. And it is VERY LIKELY price WILL GO to FILL THEM to their POINT OF RELEASE. Please refer to Chris Lori Price Action Course of this matter. TYPICALLY, Price...
I would look for rejection from 1.40 level on USDAUD. It means long in AUDUSD. Trading round figures on inverted charts (placing stops beyond round figures and targets a few pips below above round figure) is the way to go. It put odds in your favour, as price always struggles at those levels. Currency markets are driven not as much as by individual banks but by...
USDCAD round figures. Inverted charts. USDCAD rejected from round number number level.
Gold hits 2020 roof. This is very common behaviour. (Camarilla H4 to H5 and back to H4 ). After the roof breakout price typically returns back to the roof (same year or early next year). Usually price reacts when it pulls back to the roof - by shooting up half way of the previous breakout move. From here we should see a rally. For educational purposes only.
Using round numbers on USDGBP AND GBPUSD to find true trading levels.
If we take a look at EUR vs yearly, quarterly and monthly opens, we can see an obvious rejection on daily. Monthly trend is likely to be bearish. I believe yesterday candle was the top for June. Very likely. For educational purposes only.
EURUSD formed a double top / Double bottom in USDEUR. Though this ell may end in head and shoulders and that should not be excluded. As told, right now we are at very strong level 85 and if to expect a turn this is very it may happen, at 85. So watch this level carefully. We fail for the 5th day at 85 - which says a lot.
As you see, we saw multiple rejections from 85 level. Note, this is inverted eurusd, this is how American financial system looks and trades EUR, in dollar value. This should be kept in mind. You will not understand what is going with EURUSD on until you see that USDEUR simply hit 85. I did quite a few trades to and off 85. It has to be decisive breakout candle...
For trading on daily and below watch round numbers on EURUSD and on inverted USDEUR (both!). On macro level, watch major price imbalances on daily (to be balanced, aka filled) this is what I would expect. I also watch Camarilla yearly and monthly S3 Reversal Levels. I believe EUR is likely to stay weak this year and go back to the precovid trading level. Last...