SIMPLE MARKET ANALYSIS20 hours ago
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions or suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you...
Breakandretest
US30 AnalysisUS30 looks like the bullish trend will continue. Price has broken and closed above resistance with multiple candles as confirmation. If price begins to pullback and form support along the previous level of resistance, we can expect for the bullish trend to continue. Since we are currently at midday, you can anticipate for this move to happen towards the market close when more volume enters the market. If price fails to form support and begins to close back into the bearish channel, the bullish setup will no longer be valid, and this bullish move would be considered a fakeout. Waiting for volume to re-enter the market (market close) before considering another entry.
1. Price broke and closed above with consecutive candles outside of the downward channel
2. The EMAs have crossed over which indicates bullish strength
3. If price forms support and rejects the trendline, it can continue bullish to retest the high created.
NQ Power Range Report with FIB Ext - 2/24/2022 SessionCME_MINI:NQH2022
- PR High: 13517.75
- PR Low: 13457.25
Evening Stats (As of 11:50 PM)
- Gap: = N/A
- Session Open ATR: 446.46
- Volume: 161k
- Open Int: 261k
- Trend Grade: Neutral
- From ATH: -21.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
How Flytheus Trade The Markets In An UpTrend Using Break&RetestWatch for a close above a horizontal resistance level or a diagonal resistance level. A close above a resistance level turns level into support. Next watch for bullish price action at support in the form of a rejection candlestick like a pin bar; an engulfing bar; or an inside bar. Enter the market after the candlestick closes.
DXY 95.31 - 0.7 % SHORT IDEA * CONTINUATION PTTNSHEY TO EVERYONE WHO SEE THIS
HOPE EVERYONE IS DOING GOOD HAVING A GOOD
SOME OPPORTUNITIES IN THE COMING WEEK.
LOOKING AT THE DOLLAR INDEX
* From the H&S the index has been on a down trend hitting LL & HL.
* Due to the bearish momentum looking for possible continuation towards the next major support level.
* The index already broke support level pushed up for a retest, rejection from this level will be the key for this set up.
lets see how it goes
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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CADCHF SHORT OPPORTUNITYThe risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs.
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
EURUSD: Downside Incoming ⬇️The break and re-test buy looked promising but the buying pressure could not hold.
We have now shifted the structure to the downside.
If price gives me a valid pullback with rejection, I will join the sellers down into my target region.
Price doesn't have to make a pullback, it could be ready to go to the downside from here.