kalganid

kalganid

Very messy PA in multiple the Yen pairs. Considering HTF; most of the Yen pairs reached a VA or ATH and impulsively turned around. Assuming the BOJ intervened at least twice, but the market did not yet follow through yet. The overall situation is still undecided, with fundamentals not supporting an immediate strengthening in the Yen. However Positioning is prime...

kalganid

There's strong downward momentum observed on the HTF, with price forming a double top followed by a downward move. Currently, there's a consolidation phase just through the previous swing low. I'm awaiting further confirmation before considering my next move. Given the potential inflection point at hand, it's crucial to wait for clear confirmation signals. I'm...

kalganid

Price finally tapped into the HTF value area and immediately retraced and closed with a heavy body H4 candle within structure. I am now looking for a continuation short. Based on the size of the structure the continuation has to be more weighted and therefore in minimum a structured H1 bear-flag. There is still the potential for a trap and price moving higher....

kalganid

Price is forming an expanding structure into a HTF Liq.P. Considering DXY is approaching a resistance area, indicating USD might be ready for an exhaustion. If price breaks above the Liq.P , finishes the expanding and closes back in; I will wait for the 1st continuation flag on the LTF for an entry short. *********** Glossary: VA – Value Area Liq.P –...

kalganid

Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance *********** GBPAUD Don't dismiss a trade idea too quickly After retracing to the previous swing...

kalganid

Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance *********** After tapping into the previous swing high and a strong impulsive move to the...

kalganid

Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance *********** Momentum run play to the previous low around 76.07 Price finished a 3-touch...

kalganid

Glossary: VA – Value Area Liq.P – Liquidity Point PiPo – Pivot Point BO – Break-Out H1 – Hourly Time-frame M15 – 15min Time-frame LTF – Lower Time-frame HTF – Higher Time-frame Magenta horizontal Ray – Area of Interest Magenta rectangle – Gap / Area of Significance *********** 2024 – 03 – 04 NZDUSD short DXY positioning indicating continuation short, and...

kalganid

Price tapped into the PiPo at the start of the running channel. HTF left a clear gap to the VA at 1.91834 H1 shows change in momentum with an impulsive move down just to the 3th touch of the ascending channel. Now waiting for price to form a continuation flag for the next leg down.

kalganid

Last week some nice USD setups developed. The biggest change in USDCHF came from the somewhat unexpected SNB move to increase interest rates by 0.5%. Overall I am still not convinced that $ is going much higher... DXY seems to lose steam and might be range bound within 106 and 102. EURUSD confirmed at least MT a double bottom at 1.035 and is now resting at RL...

kalganid

Last week I got surprised by strong USD. Not one of the expected predictions came true and therefore no trades have been taken in the $ pairs. Last week news favored a stronger USD. Inflation is still unexpected high despite aggressive rate hikes. It seems a 0.5 hike for the next meeting on Wednesday is already fully priced in. Further hikes in the coming months...

kalganid

→ All the current Outlooks are based on further weakening of the USD. → Outlook solely based on PA. Wait for confirmation before entering a Trade and consider FX correlation. ------------------- Glossary: HTF – Higher Time Frame LTF – Lower Time Frame MT – Medium Term DT – Down Trend UT – Up Trend BO – Break- out PA – Price Action CS – Candle Stick SL –...

kalganid

I am more and more confused, US Treasury rates continue to go up and the FED is accelerating tightening. The market on the other hand did already price in 3 to 4 rate hikes for this year. And yet, USD still is weakening across the board. EURUSD showed a 'fake? breakout' over the 1.14 level and formed a HTF bearish flag pattern but seems to struggle to form a...