AU Short UpdateThis is an update to the AU short I posted earlier.
Last **AU** Update for the day. I am looking to buy *if* we reach the bottom of my TP area, looking at .xx067 as a possible POI entry.
Fxast
AU Short @ previous imbalanceLooking to have the market grab some BSL and then take an entry at the previous imbalance area. I do note that there are some other POIs higher up, but since a critical low level has been taken out for SSL, I believe we will see price push further down, capturing the previous day's lows before heading back north.
ETHUSD Long UpdateCurrently, we are up 466 PIPs. I have adjusted the TP targets by moving the decimal over the right. TV measuring tool is off when it comes to measuring these, and you should see what they measured on the screen. It isn't correct, but here we are.
Patients letting the market play out is crucial. I don't see any slowing of this bullish movement, and it may take a while to reach the 2 TP targets.
Update Long Trade idea ETHUSDJust wanted to update to where we are at 210 PIPs up from entry. I have locked in an SP @ 1855.50 and looking at 1903.50 for a final TP.
XAUUSD 4H Long position, larger move, more reward + more riskA little bigger trade setup on the 4H looking to ride even higher than what I set on the 1H. Stop is last low + 1 ATR.
Strategy = Condition, Condition = Entry, + Stop (without a stop, I don't know my reward to risk), + Target(s).
XAUUSD 1H Long IdeaLooking to take a position on Gold at the orange line. Stop is set below last high + 1 ATR. My take profit levels are at either level.
Strategy = Condition, Condition = Entry, + Stop (Without a stop I can't know my reward to risk ratio), + Target(s).
USD vs XXX all depends on Investor's RORO sentiment (USDCAD )(Chart contains more detail)
Long Bias:
If price action remains above this counter-trend level, I am looking for the market to push up to the highlighted area and potentially higher to confirm the protected High.
Short Bias:
If the dollar fails to maintain bullish momentum and the Strong bearish momentum that the engulfing candlestick showed, expect price action to fall to the bullish trend continuation level and then make a decision.
AUDUSD Japanese Candlestick Bullish Trade Idea(Chart has detailed information):
Looking to buy either with two options for entry and take profit. Price action has given a nice single-candle lightning pattern at key support. Looking for 2nd confirmation to go back up (potential double bottom).
NZDUSD Japanese Candlestick Long Trade Idea(Chart has additional details)
Buyer's Market. Good confirmation of the Bulls in control. Expect short-term bearish sentiment and look to have a price action turnaround about the 0.618 Fib retracement level and this push-up.
Almost the same situation with AUDUSD, except here, price action was slightly weaker against the USD.
EURUSD, At home fundamentals still show strong bearish momentum(Chart contains more information)
Unlike the other pairings against the dollar, I see too much weakness here against the dollar, and I believe that has more to do with the economic (fundamental) issues that are facing the EURO and EURO block countries. There is a lot of price action exhaustion to go north, and even if the dollar shows weakness, I don't think that the EURO will be in a position of strength, so we will be seeing possibly a weakness vs weakness situation.
GBPUSD in the same boat as the EUR but much weaker(chart contains more information)
I think we are in the same situation here with the Pound Sterling as we are with the EURO. The country didn't recover well from the pandemic and then inflation due to the ground situations caused by the pandemic shutdown.
Unlike the EURO, the GBP is showing more weakness than what we see there. Historic price lows seen here, as we have with the EURO vs the USD. There will have to be a lot of optimism to push this up north. Right now, I agree with the bearish bias.
USDJPY (RORO) Market Sentiment still driving ALL Markets(Chart contains more information)
What can you say here? It is Safe-Haven Asset Vs. Safe-Haven Asset. The USD is the clear winner because of investor optimism based on the Fed's Hawkish policy decisions, while the JPY faces mixed signals at home.
I am only looking for buying opportunities. Right now, we are seeing some bearish pressure, but this is in the short term as not all USD economic information is optimistic regarding the state of the US economy. The fundamental sentiment is in complete control of this and will be for a long time while supply-side inflation is running rampant.
If this remains as propped up as it has been, then anything vs. the USD will be shorting opportunities outside of any positive major economic news for the major peers. Then we are trading against strength vs. strength and something I personally like to stay away from and look for cleaner opportunities.
GBPUSD P&F Short Trade Idea (Chart has more information)
Bearish Bias:
This has been very clear from the start. We have had nothing but strong bearish momentum. Any signs of bullish gains, I believe, are liquidity grabs as the market is pushed down even further. The last signal given is Bearish.
P&F is very clear here. As demand weakens, supply takes over, and prices fall.
EURUSD P&F Short Trade Idea(Chart contains more data, compare to EURUSD Japanese Candlestick Chart analysis in link-related ideas)
Just looking at things from a P&F Perspective. The last signal was Bearish, and it was one of the most vital trade signals that this charting system gives. The beauty of P&F is that it gives a clear picture of the trend and who is in control of the market. If this were going to go Bullish, then the 45-degree trend-line would need to be broken AND a Bullish counter signal. I don't personally believe that the EUR has the strength to do this at this point in time.
**Note** A very Strong Bearish Catapult signal is given here. I expect a minor retracement back to this area and then price action to push back down.
USDJPY 30M buyLive Testing Going long on UJ30 Min. approx 1:1
Identified current market strength conditions with individual currency strength. 15M showed USD strong and JPY weak.
ETH predicted price level hit and then someRefer back to the previous chart and updates. Price hit. Now look to the next level for price to reach.
USDMXN Buy PositionMissed an earlier retest of this at the top of the hour 2000 ET 7/18/21, looking for a retest of the area for my Buy Limit to kick in. There are 3 TP areas I have of interest.
BTC Futures, Gold Futures, Dollar FuturesI like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily 50 and Daily 200) and trading bearishly within a Demand Zone. We see Gold now above the Daily 50/200 trading bullishly.
The Dollar and the Forex Dollar (DXY) seem to be in alignment with the bullish sentiment but is it going to be a "real" bull run or are we seeing short-term optimism waiting for the other shoe to drop based on US financial policy decisions?
EU short ideaLooking to enter a short at this level (Swing trade).
Trade Idea Entry Criteria (retest/exhaustion wick) at the key PF Fib level then take it down to the AOI BL. Confirmation will be seen at the FxAST RSI.
EURUSD Markup for potential trading opportunities.This is a chart I trade off for EU and there are some interesting things happening where MS levels have been made that coincide with key Fib levels. If you look at the lower TF you can see some interesting Key Fib levels at the weekly and daily level as well that coincide with what the market is doing at this level. History goes all the way back to the early 70s through present time.
EW BTCUSD Wave count projectionsLooking at this from an EW perspective and what could be possible with associated price action. Bias is still bearish with other analyses.
Bearish bias still in play for BTCUSD, ETHUSD, XRPUSDJust an update from what I shared last week on these long-term trades. Bias is still bearish. I will update if something changes my original analysis.
ETHUSD updateFurther confirmation to the original post and looking at 1712 from where we are at. I do take notice of Cloud Span A starting to curve northward. Right now everything is still pointing to bearish control.
