Kind of went on a tangent about inflation and market sentiment on this UJ analysis. I felt it was a decent opportunity to get everyone's feet wet on something a little more complex than candle prints or a pair analysis.
Hope this helps, happy 4th of July weekend fam!
Happy trading next week, I hope we all get paid.
Hope this video helps some of you in your quest for money accumulation.
Wait for the break and retest of the marked zone, enter short down to the -27TP targeting liquid.
If this plays out we are moon lambo! Get ready for the crazy wild and unthinkable?!?
Give this beast a bit of room to breath on the SL and don't over leverage, Oil can get out of control quick. I have a feeling price wants to head north to 98-100. My limit order is pending as we speak.
I think we will see continued USD pressure with the data releases. Given all the high impact GBP and USD I wouldn't try shorting GU passed that equal low liquid. I would rather short something else attached to the USD given the data. However if the GBP data is bad then this would be a monster short opp.
I will be watching that 705 retracement area with the 4h order block and IPA confluence for a potential long. If that spot does not hold price should attack the final inducement zone, and if that does not hold we will see BTC to sub 28k probably near 27k. If we see price hit near 27k i will be watching intensely for a long entry but remember, it can still go...
Looking at the data calendar this week and my overall bias of smart money being long USD I am short gold. I have marked daily order blocks in green and the fair value of fresh range breakouts with blue lines. There is some imbalance in the charts down towards 1500 and gold as set up a rather juicy liquidity pool right near the recent equal lows. I think we may see...
I was looking for signs of a retracement but it looks like USD may just train wreck its way back to the throne. Trade with caution, there are a few high impact data releases peppered this week from Germany and EUR zone.
I see EU has tagged the mean threshold of the bullish daily OB. Clues that it will want to head up to raid liquidity and mitigate that bearish OB at its recent high. Indicated in the orange zone above is an extreme poi that I will be waiting to potentially get short in as, usually, I'm not particularly eager to use a 40 pip stop. Probable it does that, in my...
Even though EG has tagged the 62 retracement i am not looking to go long until it raids clean liquid indicated by the red bill at the 78. I wouldn't be surprised if it wicks into the pink zone before making a significant move north. Keep in mind as EG shows weakness the USD tends to show strength. This market we trade is a highly interconnected machine and when...
I am almost 100% positive BTC will be dropping to at least 30k. We will most likely see a flash wick that contacts one of the lower zones as indicated. Large orders will be filled and it will happen fast so if you want to get a good position long on BTC it will require some patience and diligence. Trade with care and understand a lot of people will be liquidated...
Wait for price to tag the 705 if you want to try a long here, on a lower time frame I have much evidence that it will come to there at least but TV wont let me publish low tf. Stay patient fam. I think we will go long because of the Mayweather fight tomorrow and cash flow into eth - eMax.
Here I have my three points of interest, and I am anticipating price at the higher zones. ETH right now is building some nice liquidity, and on the daily we had a break of market structure to the downside. I am not sure we are done going down yet, at least back to the lower pink zone where there is a displacement in the wicks. Trade safe and stay diligent. Expect...