Corn,Price actions didnt hold up last week..Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Turning bearish on this one..wheat could be as well..it seems like trying to push lower with the toppish pattern that you are seeing on h4...
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Analysis
Nikkei, bias to look for short...BUTHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Bias to look for short on Nikkei, but let's see how, the price action seems choppy lately..
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Gbpusd should be one of them for long if USD weakens..Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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USD still slight bias to the downside...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
USD seems like going side ways for the past 2 weeks.. i am still on the slight bias for the downside on USD..guess need a decisive breakout from here on...
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Trade Like A Sniper - Episode 12 - GBPAUD - (1st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing GBPAUD, starting from the 12-Month chart.
- R2F
Trade Like A Sniper - Episode 11 - SGDJPY - (1st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing SGDJPY, starting from the 6-Month chart.
- R2F
Filecoin (FILUSD): Preparing for a Gap Fill - Levels to WatchFor Filecoin (FILUSD), we are currently looking at a scenario where there is a Weekly Fair Value Gap above us. We are quite confident that this gap will be filled; the only question is when. We believe there is a potential good entry point at the current levels.
Below us, we have several supports. The first support is a 12-hour demand zone. Additionally, we have an Order Block Cluster and a simple support zone. These levels, combined with a favorable volume profile, should provide enough momentum and support for an upward move.
Our primary target is the Weekly Fair Value Gap close. Once this target is reached, we will reassess the situation to determine whether the price will continue upwards or face a sell-off. This reaction will guide our next positioning. For now, our strategy is to aim for the gap close and position ourselves accordingly.
Additionally, when we examine the Liquidation Heatmap for Filecoin, we notice several liquidations above our current level, specifically between $6.35 and $6.65, just above the recent high. This indicates two possible scenarios:
Liquidations Triggered and Pullback: We might move up to trigger these liquidations, then experience a deeper pullback.
Liquidations Triggered and Continuation Upwards: Alternatively, we might fill our current support levels and then move upwards towards these liquidations.
If these liquidations are absorbed, we could either shoot through and continue upwards, or we might pull back after triggering them, leading to a potential continuation to the downside.
It's important to be aware of these scenarios. Given that there are few liquidations below the current level, we do not expect significant downward wicks or deep pullbacks.
Looking at Filecoin on the VWAP chart, we observe a sideways movement where the price repeatedly moves up and down but always returns between the 2024 Q1 VAL and the 2023 Q4 VAH. These two levels appear to be holding as our current range.
We expect a small pullback, supported by the 2024 Q2 VAL and the 2023 Q4 VAH. These should act as our support zones on the VWAP chart. On the upside, our target is the 2024 Q1 VWAP at $7.70. Above this level, we anticipate resistance around $9.32.
This analysis suggests a short-term strategy of buying at the support levels and targeting the identified resistance points.
Trade Like A Sniper - Episode 10 - EURJPY - (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURJPY, starting from the 6-Month chart.
- R2F
Sell EURUSD H4 Channel Breakout & Order BlockThe EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0620
Stop-Loss: To manage risk, place a stop-loss order above 1.0900. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Opportunity Breakdown :
1. Bullish Channel Breakout & Retest
2. Price Reversal @ Fibo - 0.786
Market Factors:
Dovish ECB vs Hawkish Fed: The European Central Bank (ECB) is generally expected to maintain a dovish stance on interest rates, while the Federal Reserve might continue raising rates to combat inflation. This interest rate differential could weaken the EUR relative to the USD.
Weak Eurozone Data: Recent economic data releases from the Eurozone might have painted a weaker picture of the region's economic health, potentially undermining confidence in the Euro.
Thank you.
Trade Like A Sniper - Episode 9 - NQ1- (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing E-mini NASDAQ, starting from the Weekly chart.
- R2F
EURJPY Analysis (31st May 2024)
EURJPY Analysis(1HR TF)
Price is at 1 hour Bearish OB Key level.
BUY/SELL SCENARIOS:
🟢BUYS: Price breaks above the 169.979 level with a body candle close. If this happens. A retest of the Failed 1 hour OB to Buy to target 170.251 first before targeting 170.800.
🔴SELLS: Price Dumps below the 169.734 level with a body candle close. This creates a bearish Pattern to continue to look for sells targeting the 169.400 level.
XAUUSD Analysis (31st May 2024)
XAUUSD Analysis(15M TF)
Price Rejected 4 hour Bullish FVG at the 2340.98 level.
BUY/SELL SCENARIOS:
🟢BUYS: Price Rejects the 2341.43 level and creates a 5 minute CHOCH to continue higher, targeting 2356 level.
🔴SELLS: Price Dumps below the 2340.02 level with a body candle close. If this happens, Bearish CHOCH forms, indicating selling Pressure > Buying Pressure. Look to target 2327 level.
Dogecoin Analysis | Overview & Potential Price ScenariosThe 1D TF chart for Dogecoin shows that the price is currently oscillating between significant Fib levels of 0.382 at $0.16154 and $0.17103, which are being tested as support and resistance. Additionally, the price is situated in the middle of the Ichimoku , indicating uncertainty and the potential for sideways movement. Yesterday's candlestick formed an Inverted Hammer Pattern, a Bearish Signal , while today's candlestick is forming a Hammer Pattern, a Bullish Signal , further confirming market uncertainty. Key support and resistance levels play a crucial role in determining the future direction of the price.
The support level at $0.15313 (0.5 Fib) is critical. If the price falls below this level, further declines to $0.13522 (0.618 Fib) and possibly to $0.1150 can be expected. It is crucial to monitor trading volumes when these levels are approached or breached to confirm the strength and direction of the price movement.
◼️ Bullish Scenario: If the price breaks and consolidates above the $0.17442 level with confirmation from high trading volumes, it could reach levels of $0.19318 and then $0.20563. Exiting the Ichimoku cloud and increasing volumes will serve as additional indicators of the beginning of a bullish trend.
◼️ Bearish Scenario: A bearish scenario is likely if the price drops below and consolidates under the $0.15313 level. In this case, further declines to $0.13522 and an increased likelihood of establishing a new lower low at $0.11000 become probable, especially if this movement is accompanied by rising selling volumes. Traders should be prepared for potential SHORT positions or exiting LONG positions if a bearish trend is confirmed.
Despite its popularity and active community, Dogecoin lacks unique technological advantages or innovations to support its long-term value. In contrast, crypto like ADA, NEAR, and COTI offer tangible technological solutions and practical applications, ensuring their sustainable growth and industry recognition. Without significant technological advancements and real utility, DOGE's value will rely more on temporary market sentiment rather than a solid foundation for long-term growth.
Conclusion: Overall, the current price situation for DOGE is characterized by uncertainty with potential sideways movement in the short term. A breakout of key support or resistance levels will determine the future price direction. Additionally, the price direction of Bitcoin plays a significant role in establishing the overall trend direction for like DOGE.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
DJ30 FORECASTThe forecast for the Dow Jones 30 is now leaning towards a bearish trend. Prices are expected to fluctuate between 40050 and 39564. However, if the 4h candle closes below the pivot line at 39,564, the bearish pressure is likely to continue, potentially driving prices down to 39400 and 38825.
Key Levels:
Bullish Line: 39825, 40050, 40285, 40500
Pivot Line: 39564
Bearish Line: 39400, 39075, 38825, 38445
DELL Resistance Breakout 30.05.2024- 1HR Chart Analysis: Dell in uptrend, currently at $179.30.
- Resistance: $179.75.
- Upside Breakout: Target $206.77, with potential for further gains.
- Resistance Rejection: Possible decline to $170.66, with potential for further drops if broken.
- Apply risk management.
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Is GOLD ready to slip lower?#Gold #XAUUSD EASYMARKETS:XAUUSD TVC:GOLD
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Sell GBPUSD ChannelKey Points:
Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2720
2nd Support – 1.2680
Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.