Today's CPI data release has allowed this USD cross pair to deliver price up to a 4h point of interest zone. the chart is fairly self explanatory but we could have the probability of delivering to the downside, ofcourse taking in to other economic factors too.
Hi everyone. From a technical viewpoint the EUR/USD traded up to the previous swing high range filling in market imbalances in the form of a fair value gap as a result of impulsive bearish price delivery, reacting from a 4h breaker block. Considering the current economic climate we could be headed to the previous September lows with a probability of trading to new...
Hi everyone and hope all is well. Technical View After a period of consolidation price eventually delivered to the upside trading into a daily order block and pricing in market inefficiency from a previous swing high. We've now traded impulsively to the downside after further interest rate hikes this week leaving behind market imbalances. We could see the...
The Federal Reserve continues its policy of financial tightening alongside persistently high inflation in the United States with further rate hikes expected before year end. Transposing this to the charts, we could be seeing a continuation in its parabolic strength of the index from this marked out 4h order block which would allow a 4h liquidity void to also be...
My current bias for this pair is to still see it price up higher above the previous swing high where I see a turtle soup happening in the terms of taking out buy side liquidity above similar equal highs trading into a 1h order block. However above this we also have a strong 4h order block and imbalance within price. Aman | SMC Wolf FX
Algorithmic trading was a thing of beauty today with price tracing down to a 1m breaker block in line with the 1 standard deviation of the Central Bankers Dealers Range (CBDR) and then delivering price up into a 1H order block which was perfectly in line with the CBDR daily market projection which is was the CBDR range + 1 Standard Deviation. Hope everyone had a...
Hi everyone, a new week is upon us. Here I share my current 4H chart analysis. Keeping it nice and simple, we have potential to trade both to the upside and downside this week, let's see what price action wants to tell us as we unfold into the new trading week. Aman | SMC Wolf FX
I'm sure you've already heard, but the UK PM Liz Truss resigns today after 44 days in office. Will this hit hard on the Pound and cause a further weakening? From a technical view, price could deliver down past the previous swing low filling in market imbalance in the form of a liquidity void. Aman | SMC Wolf FX
Price did deliver into the equilibrium point on Monday, consolidate Tuesday and trade down roughly 100 pips in todays trading session. Price could potentially continue lower below the 0.971 and fill in the imbalances this week especially with the current fundamental factors within the market. Aman | SMC Wolf FX
Since Monday NY session, we have seen this pair slowly deliver price to the downside, are we finally seeing some weakness and seeing sell side imbalances get filled?
Beautiful price action this week - could we be seeing the Vacuum block being priced in? well price is headed towards that direction. Aman | SMC Wolf FX
We've seen price snatch liquidity below the equal lows this week, our next POI is at the 1H OB where we could continue bearish to fill out the sell side imbalances or either continue up higher with further USD strength. Aman | SMC Wolf FX
Hi everyone - under the assumption that we can expect weakness from the USD Index, could we see a turn in price delivery and expect price to trade back down on the USD/CAD? My current forecast on this pair is to see price to impulse higher within a 1H OB taking out a liquidity pool of equal highs before trading down to the 62% FIB region where you have the...
Hi everyone, here is my technical chart analysis for the EURUSD on the 1 hour time frame. Going with the current bias that we can see DXY reacting from a 1H order block, my viewpoint on this pair is that we can see price trade into a 1H order block, and then deliver price up into an equilibrium point as an initial target where we have a 1H order block sitting...
Going against what price tells us this morning - we could be in for a bearish price delivery day for the EURUSD. *Please note that these are not entry signals, and simply just charting analysis for what I expect to see within the markets today. Safe trading everyone :) Aman | SMC Wolf FX
Going against what price tells us this morning - we could be in for a bearish price delivery day for the GBPUSD. *Please note that these are not entry signals, and simply just charting analysis for what I expect to see within the markets today. Safe trading everyone :) Aman | SMC Wolf FX
Keeping it nice and simple with my analysis today morning. We could potentially be seeing bullish price delivery within the markets today for the USDCAD. *Please note that these are not entry signals, and simply just charting analysis for what I expect to see within the markets today. Safe trading everyone :) Aman | SMC Wolf FX
Hi everyone - Looking at simple price delivery, expecting this pair to trade further down, at least below the retail trend line and rallying back into a 4H order block. Fundamentally supported by the recent data from the commitment of traders report provided by the Chicago Mercantile Exchange showing a net short position within commercial entities. The UK has...