📈 Expecting bullish price action on US500 as price takes out weekly lows, and has a lot of liquidity that has been build on the trendline. Looks to perfect to be true, a bullish closure above weekly low will be perfect for me to confirm the entry.
What do you think ?
Expecting bullish price action on this pair as price is in a bullish trend on a HTF, taked out liquidity below 4300 closed above bullish, retraced to fill the bullish imbalance and right now we are going higher for the w1 imbalance and 4700. This is a swing entry so please remember it will take some time to capitalise
What do you think ? Comment below..
Hello traders,
this is my analysis for CURRENCYCOM:US500 and the way I will operate.
Post your idea/analysis below for discussion.
Thank you all for your support.
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All three US major averages finished the week in the green, with each posting its best week since November 2020 as fears of the short-squeeze in a handful of stocks leading to broader market contagion subsided. Investors will be focusing on earnings and the prospects for a hefty new coronavirus relief package in the week ahead. Markets will also be watching the...
US500
As the economic activity hasn't picked up as expected in second quarter of this year. In some part of the US the economic slow down is further accelerating and many of the skilled and non skilled workers are unable to return to the duty. This has reflected in company growth and overall economic growth is still intact as earlier forecasted by OECD.
After...
Just entered a long position based off these 4 confluences:
1. Trend line was broken
2.Moving avg crossover
3.Possible HH
4. Continuation Doji
When this 4H candle closes as a Doji or bullish market structure will have been broken and my target would be the major LH for my exit, That’s a little over 100 points.wait for the 4H close for confirmation👍🏽
