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Intradaytrading

Key Levels and Market overview for the Asian session open 22/02A review of the price action from the European session and recap of US price action as US indexes followed on from weakness in Asian and European trade. I remain of the view that data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes as we can see from the selloff. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
2
Key Levels and Market overview into the Asian session openA look at the price action from the European and US sessions and what that may mean for the Asian market open after PPI out in the US was stronger than expected adding fuel to the inflation fire. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes. Intraday the US could not hold up off the lows and was hit hard into the close with potential to continue lower. I look at some key levels to watch and the price action setups I expect to play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
CBOT:ZT1!
by TradeTheStructure
2
US30 4H sellA look at daily and 4H shows a long bearish engulfing which is one of the best and most reliable price momentum indicators. This shows that there is a willingness for price to continue bearish. Since price didn't break below the 4H lows at 33630, a retracement is necessary in order for smart money to sell at a premium. Now there is usually a liquidity zone within an engulfing candle and that accounts for my first entry. There is also an order block that price might reach to before dropping. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE DIRECTION. USE PROPER RISK MANAGEMENT
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by JayForexAcademy