This is what Im seeing on US30 2 areas to enter if market keeps going down and 2 areas to enter on move up. May change on Monday.
Assuming the schematic is very correct, We might see gold push one more time to the upside. I have been patiently waiting for price to get at the 1860 level to go short on Gold. Price indicates it will hit that level before going down.
Gold didn't go as low as I would have liked but the short sell it made was good. Waiting for the low for the buy move off the OB but there is an Imbalance (IMB) at top that Gold my go to to mitigate that area. Wyckoff Schematic that BOS to confirm move. BUT took a while for confirmation to come for down move. Best view on 1M but can't do 1M here. If...
o Last week I thought price would go down and fill the imbalance left but boy was I wrong. Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go: We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle...
USDCAD has been preparing for a retracement to level 1.219190 but not without building up liquidity. We might see prices tap the resistance line at 1.26545 and leave Equal highs to be taken out after the retracement. All in all having a bias will aid us in not getting caught up against the trend. Lookindg for shortterm sells at the equal highs then longterm buys
DISTRIBUTION INSIDE AN ACCUMULATION I cannot tell you guys in full totality that this schematic is right for sure, it is just an anticipation of the many possibilities offered by the market. Overall bias is shorts till they sweep the liquidity below. Interms of intraday perspective I think price will continue down and reverse at 0.8500 zone in preparation of a...
I am expecting continous bullish action next week and maybe market reversal at 1.19610. The price is likely to spring on JULY 14 as we have high impact news. The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
USDCAD has been on a monthly consolidation. Price was testing the previous low as institutions accummulate orders. The accumulation cycle has been completed and we are now looking to be very bullish This is a swing trade and positions will be added along the way I will make a follow up post and leave a link here for my short-term perspective.
To the people that follow i might do request on TA for any pair side note no meme coins please but i might still do it. Get them Sats.
Trade Proposal: There is a probability of first tp to the proposed ( 20.16 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals. Technical analysis: USDMXN Waiting for the Range Bound and the beginning of the Ascension Trend.
You can look at XLM as well and put the same points on them. XLM is cheaper and could be a potential play if it mimics BTC. Been buying around the 31-34 cent ranges for a play to the upside.
SQ at first looked like a distribution but the Apr 13th high never went above the previous high on Feb 11th. I do see a potential false 1st spring on march 4th to the upside which didnt play out but there is another potential spring to the upside on may 19th that is slightly lower than the march 4th 'Spring" . I cant post a pic on here but if anyone else is...
< #NotInvestmentAdvice > I previously published a version of this that I now believe was overly-pessimistic. With a couple additional days of hourly bars closed, I believe this updated version lines up the Wyckoff events far more accurately. In particular, I believe the Phase "A" events (PS, SC, AR, ST) line up perfectly according to their textbook descriptions,...
I believe its getting ready to transition form phase b to phase c which is where we will see price sink below the TR(floor).
wyck distribution schematic 1 <<>> I was thinking Friday to go long at the open but then I drew this up, the ar may have been fomoed boosting a little higher than schematic and phase b is somewhat distorted but overall eu is following Richard Wyckoff's distribution concept. Forex open is always iffy and slow moving so im just watching close for now. compare this...
1D - Going toward the end of Accumulation where we are staying patient for it to bounce back for a retest. 1HR - Broadening Wedge has been broken & retested. Will go short for about 20-30 pips Into the buy zone. 15Min - Retest has been respected with long wick. Another breakout should occur from the new Ascending Triangle that has formed below. ...