Forexforecast
Imbalance Concept ✅✅✅ ⭐️ An imbalance of orders is when a market exchange receives too many of one kind of order—buy, sell, limit—and not enough of the order's counterpoint. For sellers to complete their trades, there must be buyers and vice versa; when the equation is slanted too heavily in one direction, it creates an imbalance.
I use imbalances both bullish and bearish to spot where price made ,,un-natural,, moves that should be filled as a tipical GAP move, i will look at them as MAGNET area where price should be attracted where price should go.
⭐️ You can use them as entry areas when price fills the imbalance area or profit target zones
I attached couple photos where you can see bullish & bearish imbalances both filled and un-fullfiled(price didnt come back)
Hope that was insightfull
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EURGBP, the never ending storyWhen it seems to arrive to the point, it sh*ts oneself from fear.
Seriously, we are always in full B2 of the annual and we are moving towards the quarterly B1, after which the cyclical trend will turn downwards and we will have to evaluate an optimal closing of the positions.
For now we are in profit with both positions, I do not rule out a retest of the MML at 0.8380, but given the intense accumulation phase, the most logical move now would be to go and distribute the price above 0.8550, perhaps looking for the highs again. of the period to about 0.858.
So, we are waiting for the next movements, but we are starting to set a deadline: 1st March '22
EURJPY Outlook for a Short time Buying Overall, EUR/JPY is ranging across.
Currently, EUR/JPY is testing to break above the key level of 132. Its next support zone is at 131.500 and the next resistance zone is at 134.000.
Look for short-term buying opportunities of EUR/JPY if it breaks above the key level of 132.
EURUSD, great so farHere is our trade in m15 that goes towards the target on 50% Fibonacci, and we consequently move to accompany the trade, that is, raising the Stop Profit and also the Take Profit.
Now our Stop Profit is at 1.1222 so that we cannot afford to close in gain in the event of a pullback.
We moved the Take Profit to 61.8% to 1.1347
I left the MML H4 to see where the price could potentially bounce, you will decide whether to download some contracts, close the whole position as it was originally planned or if you will adopt any other strategy of your own.
I will stay in with all the contracts and try to carry on all positions up to at least 61.8%.
Early Morning Forex Analysis| PULLBACKS are among usGood morning trading besties,
I know it's early, but as they say the early bird catches the worm. In the world of forex analysis I am updating
you on how price has moved since last night. I believe this is important because the price can move drastically overnight from Sunday to Monday. I won't bore you with written detail so watch this quick video.
Hey trading bestie😌 Share your thoughts with me and let me know what you think.
GBPJPY, new high in B1?The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up:
1. Look for a new high in B1 to enter the 6-month short
2. Breaking down MML, price that is lost in the void, MCS that is neutralized and waiting for a new signal
Option 2 speaks for itself, if instead it were looking for a maximum in B1 we could take advantage of the half-yearly cycle for a fairly short trade since, on the annual we are already bullish from the beginning of January '22 for the second half of the cycle (A1).
XAUUSD - KOG REPORT!KOG REPORT:
In last weeks KOG Report we stressed we were still bearish on Gold and were looking for the higher levels to short the market. We mentioned we were looking for more bullish movement targeting the higher resistance levels and would be using the lower support regions to go long before then taking our short positions from the higher resistance levels. We were looking for the long targets of 1845, above that 1850-55 and potentially 1860, and the low target of 1810 and below.
We had FOMC during the course of the week which we can see took a lot of traders by surprise, especially those who were looking to long the market from the 1835 and 1820 regions. You can see how we it played out took the price down to hit our 1810 target level. This is why we kept stressing, we will be only taking longs into immediate resistance levels and using the higher resistance levels to take our longer term short positions. This is the benefit of KOGs level to level trading.
So what can we expect in the week ahead?
Again, we’ll start by saying we will remain bearish on Gold for now. We are looking for strong bullish momentum in the early sessions of the week taking the price into the resistance zones of 1806-10, 1824-6 and above that the supply area of 1830-35. These price regions we feel would represent good opportunities to short the market into the lower support zones of 1797, 1785, 1777 and below that 1770. We have a KOG target at the 1770 price point and would like to see this completed at some point over the week. As long as the price stays below the 1830-35 region we will remain with this view and only be taking long trades into immediate resistance levels with our bias being to the down side.
Our plan:
We’re looking for open to break above the 1792 price point and close, this will give us an opportunity to target the resistance levels we have mentioned above. If the price opens and targets the lower support region of 1777-75 before going up we’ll look to use this region to go long into the immediate resistance levels. At each resistance level target we will remove 90% of our exposure in longs and protect the trade, this is just in case the market continues its incline, at least we’ll have a position in at lower levels. We will be looking for strong resistance at the levels mentioned above, this is where we will be waiting to short the market again down towards our KOG target of 1770 first and potentially below that the 1765 price point.
We’ll update you during the course of the week with our usual reviews and analysis, especially if anything changes.
As always, trade safe.
KOG
GBP/USD 2HR SELL SET UPHi TRADERS this is my trade set up for the GBP/USD for the new week ahead
GBP/USD pair is still in a bearish trend, it is consolidating at moment, getting ready for next move down, I think it will continue down now into my order block zone, after break of triangle watch for a retest of area before taking a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please follow like and comment thanks
EURCAD, we're not there yet, but ...Yesterday the bearish movement of EURCAD took us to an even more interesting and noteworthy area.
A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot.
I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for the definitive signal on the MCS.
We are still in perfect timing with the new annual cycle.
USDCNH top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Forex Update for 3/1/2022Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The dollar was up in Asia on Monday morning, but holidays in many key Asia Pacific markets meant it had a quiet start to 2022.
The U.S. Dollar Index, which measures the greenback against a basket of other currencies, was up 0.29 percent to 95.870.
The USD/JPY exchange rate rose 0.19 % to 115.30.
The AUD/USD rate fell 0.13 % to 0.7250, while the NZD/USD rate rose 0.09 % to 0.6830.
The USD/CNY pair was unchanged at 6.3561, while the GBP/USD pair fell 0.21 % to 1.3501.
The markets in Japan, China, Australia, and New Zealand were all closed for holidays, making it harder to see the dollar's true movements.
The global proliferation of the omicron COVID-19 variation has also had an effect on emotions. Although the number of cases in the western Chinese city of Xi'an has decreased, estimates from Johns Hopkins University reveal that the global number of illnesses has surpassed 290 million as of January 3.
Meanwhile, earlier in the day, China Evergrande Group's Hong Kong shares were banned from trade, with the property developer declining to specify a reason for the suspension.
Cifi Holdings, a Chinese property developer, offered to buy China Evergrande's outstanding 5.5 percent bond due in 2022. According to Cifi Holdings' Hong Kong stock exchange filing, the offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest. The opportunity to purchase the remaining $505.1 million in notes expires on January 7.
Investors are also looking forward to China's Caixin manufacturing and service purchasing managers indexes, which are due later this week.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
USD/CHF: New Upcoming Bullish Impulse!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/CHF , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
30 minutes timeframe:
The market is still moving in a correction wave and has been following a descending channel since a while.
It’s currently approached again on a strong major key level and as you can see on the chart, the most trading activity is on the higher part of this channel, usually a sign of weakness and a sign that possibly the channel could finish soon!
When, where and why would I step into the market?
In higher timeframe, there are few rejections on the current level, and the price will may get another bounce on its dynamic trendline (see daily and 4h charts).
Before entering long in this trade I will be waiting for the price leaving the channel and switching the intraday perspective from bearish to bullish with a RRR of 1:2 or greater.
My SL would be below the support level and the TP on the upper trendline on the 4h chart.
Any breakout to the downside will invalidate this trade idea and no action will be taken on this market!
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EURNZD SHORTS 📉📉📉Expect bearish price action over there as price takes out liquidity above old highs+weekly high and 1.68000 as a psycho barrier for the price and then quickly reverse to the downside, we should go below old lows of the accumulation. RISK ON in the markets right now as indexes and crypto rise this could make this chart to go lower
REMEMBER ONE THING - Smart Money sell above the high Dumb money sell at high
What do you think ? Comment below..
GBPJPY LONGS 📉📉📉Expect bullish price action on GJ price is right now rejecting an important area of supply POC area x2 + bullish orderblocks + bullish imbalances filled. I expect price to take out today the asian highs but it all depends on the volatility because its friday.
What do you think ? Comment below..
AUDUSD Bullish ContinuationFollowing from yesterdays analysis, the price moved to the upside however didnt go into the buy zone i hoped for. As for today we can see we have a zone of interest we are trading within now. However its best to wait till the EUR/LND open to see the draw of liquidity before entering. The black line is my confirmation once the price crosses above it after completing the grab.
NZD/USD: upcoming DOWNWARD Impulse!What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the NZD/USD, trying to translate the market information with a full technical analysis on different time frames perspectives.
For a better understand of my short BIAS, let’s have a quick look on the monthly timeframe:
During the previous month, the market performed a really strong bearish movement, and it’s currently approaching on a solid level of support, that rejected the price many times during the past years.
The market is still bearish and there is not yet a sign of rejection but still, there is a possibility of a retracement, in a short future, as a “breath” of this huge and clear bearish impulse, with a good chance of market continuation.
Switching on the weekly timeframe:
The market is clearly following a descending channel and focusing on the last two red candles, with the second one definitely smaller than the previous one, it’s a sign that the market is losing momentum.
The current candle is actually moving in the opposite direction of the trend, but still early to say where it will close the price, considering that there are still 3 days of market activity.
Let’s have a look now on the daily timeframe:
After the last strong bullish impulse (see the first green arrow), the market started consolidating between the resistance and support zone, with no strength enough to push the price above the previous HH. That was the first clue of change of bias from uptrend to neutral.
The last bearish impulse broke the previous lower low and the support zone of the market consolidation, the reason I believe the market will continue to the downside!
Finally back to the h4 timeframe:
As you can see in the chart, the market is currently moving inside a descending channel and before to plan my short position on this trade I will be waiting for a good entry point with a RRR 1:2 or greater.
In the scenario of retracement instead, I will be waiting for the price to break the support zone and then I will plan my short trade on the restest of the same level.
If you enjoy this trade idea, support my work with a thumb up and don’t forget to follow my profile for more detailed technical analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
AUDUSD Bulls in SightFrom an intraday perspective what we can see is that this pair moved lower towards the beginning of the week creating the low on the Tuesday as marked. The pair has regained its losses and moved back towards its weekly opening price. The zone above the price has acted as a resistance however has been tapped into many times which would weaken it by the lesser number of sells now sitting within that area. The blue zone shown below the price, along with a HVA, and the asia session range, all now play a key role and zone that the price can move into through the EUR/LND opens to draw liquidity before moving to the upside.