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Eurusd Pulls up to end the week 📺The Weekly candle has flipped bullish with NFP data as I outlined as a possible scenario in yesterday's publishing and appears to be now headed towards 1.096 Daily resistance zone( Also the other side of the daily range). We are currently above 1.091 daily resistance zone and closed at this level with the 4hr candle. The 4hr candle closed quite strongly bullish. We have done a retest at our previous 4h resistance zone(1.09) which has just acted as a support level 40 minutes ago. We are seeing a bullish push to end off the week here and I think it may continue towards 1.0936 and 1.096 Daily resistance zone. We are consistently holing above 1.091 daily resistance zone and the 4hr close has given us confirmation that we may continue up. We have now gotten 2 1hr candles and 1 4hr candle close above 1.091 daily resistance zone. It may act as a support now after we have recieved candle closure confirmation on the 1hr/4hr timeframes. I was originally looking for sell positions on Eurusd with NFP. Instead we saw that —> 1) I Identified that NFP data was expected to decrease overall from the prior period ( Not a positive for USD) 2) The data was worse than what was forecasted by analysts' ( Not good for USD) 3) Price printed a strong daily candle closure back inside our daily timeframe range with yesterday's daily candle. Our daily timeframe range being between 1.085-6 Daily Support and 1.096 Daily Resistance 1 Trade today. Buy Stops with NFP Explanation : So price created a Daily resistance zone on Monday. On Tuesday it respected the daily resistance zone and moved down accordingly. I placed my buy stop position above this high of Tuesday's price. One position closed for +8 Pips, Other position closed for +9.3 Pips 💰. My target was the next 1hr resistance zone as we noted in yesterday's publishing at 1.0936. I secured partial positions and extend my Take Profit to 8-10 Pips during news trading and Lowered my position size accordingly. Data
Long
by ShrewdCatfx
Thoughts on Eurusd Prior to July NFP!📢Another video reflecting on what's occurred in the last 24 hours, our current key level's, and thoughts prior to July NFP data. In the previous publishing I talked about how we should anticipate a pullback from the lows of structure. Price did indeed pullback for 1.08370 4hr support zone and did so throughout london all the way back to our key 1.09 4hr resistance level. With New york session open ( which was accompanied by ADP and Unemployemnt cliams data) price did a continuation of our previous downtrend on the week. I outlined yesterday that the market often uses Red folder news releases as a catalyst for a continuation of momentum. Throughout the week it's easy to identify that we've had bearish pressure and no wonder this is what we observed. It appears though that players took profit and price once again pulled back up from the lows of strucutre after we saw a continuation occur with news. What a volatile day it was today with plenty of opportunity. Expected nothing less of another Thursday in the markets. I did not participate since I've already reached my goal on the week but it is quite fun to observe from the sidelines. What to look for : If price pulls up towards 1.09 and 1.091 daily resistance level, observe how candle's close around there. This may clue us on what may occur with NFP. As the weekly candle pulls back up on thursday and once again back into our daily range, I can see a potential increase for Friday's candle to end the week. Price looks like it's squeezing on the Daily timeframe and we may be awaiting an increase back to 1.096 daily resistance and 1.1024 in the coming day and moving into next week. If price pulls down and then back up prior to nfp data , I may be looking to set a sell stop with NFP data.
Long
by ShrewdCatfx
2
Thursday Daily Candle Incoming 🤯--> Continuation ( 6 minutes video 😎 ) As We approach the end of the week, We may observe alot of momentum! My mentors always told me that the market is setting up early in the week. The avalanche later in the week will provide plenty of opportunity for the disciplined trader to implement a trading system. Price was at 1.08892 during our last publishing 24 hours ago. Price consolidated during Asian and London Sessions before gaining enough liquidity to see a breakout to the downside. Price is currently headed towards 1.08384 where we may see a bounce as we head into london session. If not then price is headed towards 1.081 4hr support zone as our next bearish target. Price has confirmed a breakout to the downside and I'm anticipating a pullback before my sells. If not then I anticpate a pullback with our 4 news releases tomorrow durng new york session. We could see all three sessions be bearish and it s thursday so I wouldn't be surprises. Must keep this in mind and plan for every scenario. I've outlined that good pullback prices look to me to be arouns 1.08628-1.0875 I've already met my weekly goal of 2% and I am quite a happy camper. 2 Weeks ago I recall I was up about 2.5% (.5% more than my goal) and I trade on a friday where I proceeded to give back 1/3 of my profits on the week. What a sour taste it left in my mouth to end off the week! Don't want to do that again so I will be publishing ideas and content for my channels to end off the week. If you enjoyed the Video Analysis, please let me know by leaving a Rocket or comment! -- ShrewdCatFx
Short
by ShrewdCatfx
4
Bitcoin is Consolidating Upwards ₿Bitcoin is slowly probing into higher prices testing short liquidity and accumulating orders in view. After a 25% pump last week or 2 weeks ago whenever I would've liked to see Sellers take over already. Instead these " High prices" maintain and price sustains itself. Price is creating Higher Lows and is what should be anticipated in an increasing market. My thoughts are that we may see an increase in BTC early in the month here and a consequential pullback later in the month. The Level's I've drawn up will be the most relevant throughout the first half of this month.
COINBASE:BTCUSDLong
by ShrewdCatfx
5
Solid Monthly Candle & Momentum through Weekly Candle Closure↗️The Monthly closed strongly Bullish with a solid engulfing candle of the previous monthly candle. We closed above $29,243 Monthly resistance. Also we closed above the weekly timeframe Resistance level at $30,322. The Monhtly candle closed but we have not see the weekly closure yet. Into the close of the weekly candle I'm anticipating a bullish push to the Upside. Our massive liquidations on Friday I believe served as a catalyst for a clear path forward. Looking at the monthly candle we can expect another Higher High on the next candle since it's in an uptrend and that was confirmed with market structure during the close of March's Monthly candle. It's my belief that we will soon see our deeply feared $30,730 Daily Resistance Level act as a support for price.
COINBASE:BTCUSDLong
by ShrewdCatfx
[ PMI ] Red Folder News Scenario's 🔥/ Eurusd For PMI data I'm favoring a continued push up throughout NY Session. If this does not happen then i anticipate the volatility to create the High of the day then slowly faded off the highs back to support at 1.08743. It is Monday and the market is setting up for the rest of the week so beware of that. On My last publishing I detail a potential fakeout on the Daily timeframe after the Friday candle Closed back inside the range last week above 1.0892 which is now our weekly support level. I'm looking for price to return to 1.096 daily resistance this week with the fakeout market structure. The Daily candle was bearish all day today and has only just recently flipped back bullish as we coincide with PMI data in 7 minutes. I took a buy and just TP with majoirty of my position., holding on to some during news with SL at B.E. Update : Price shot into profit and my runner position I took Profit at +25 Pips
Long
by ShrewdCatfx
Break and Retest @ $1,909 Weekly Level 📈Ethereum created a Higher High on the Daily Timeframe after the daily candle closed at $1,933 on Friday. Additionally, Eth closed up 3.15% on the Month and this suggests a further increase for July. More aggressive positioning for an increase in the month of July would be the anticipation that Ethereum closes above $1,909 Weekly supply level. Trade Idea : It uses what once was a Supply/Resistance level as a new Support/Demand level. This would translate into a swift break and retest trade above $1,909 and looking for new high prices to formulate as the new monhtly and weekly candle's kick off. We have 1) Monthly candle just closed bullish 2) After 1 week of testing $1,909 Weekly Supply level, price has done a fair job of sticking right at it, current price $1,913 3) After all the crazy news, price remains at the medium term highs after a 16% pump across the past 2.5 weeks. A Look at the Daily Chart, Created a Higher High and we may now use $1909 to do a break and retest to head towards $1,995
COINBASE:ETHUSDLong
by ShrewdCatfx
Fake-Breakout coming out of last week ↗️ 🌞PCE news last Friday took price back inside the range between 1.08919 Weekly Support level and 1.09859 Daily Resistance Level. The Friday daily candle retraced nearly the whole Thursday candle that contained GDP and unemployment claims data. I'm looking for this price behavior to continue into the early trading of this new week. The Idea is that we should have continued down last friday towards 1.07821 Daily S/R Zone. We didn't and instead we Eurusd has spring itself back in the range. A Fake breakout or Fakeout. I can see us returning to the top of the range basically. The Monthly candle closed Bullish for June. Looking for the same during July with the first target for July being 1.11. The second target being 1.11853. Price has been consolidating so far this year on eurusd. However, the market structure is consolidating upwards. The 3 month candle jsut closed a 3rd consecutive bullish candle. Why not more bullish?
Long
by ShrewdCatfx
🚀💥 Unleash Profits NASDAQ Buy Signal! Don't Miss Out! 💰💥 Get ready to ride the wave of potential profits as NASDAQ presents a compelling cup and handle pattern—a highly reliable setup that often leads to significant price gains. What makes this setup even more enticing is the neckline, which is positioned at the critical level of 15,000. Breaking above this level signals a significant shift in market sentiment, as it now acts as a solid support, attracting eager buyers looking for opportunities to join the uptrend. With the breakout now confirmed, it's the perfect entry point to jump on board this bullish rally. Keep your sights set on profit targets, starting with 15,150, followed by 15,300, and ultimately aiming for 15,450. Remember to monitor the market closely and adapt your strategy as necessary. Keep an eye on key technical indicators and price action to validate the bullish momentum. And of course, always stick to your risk management plan to ensure a successful trade. Don't miss out on this exciting opportunity to ride the NASDAQ to new heights! Buckle up, stay focused, and let's navigate the markets together. 🚀📈💪 Don't forget to press the like button if you think this insight was helpful🚀
OANDA:NAS100USD
by Thomas_Zito
2
Momentum Points South 🐻 We can observe the 4hr candle jsut closed below 1.0882 4Hr support Zone. Price also doesn't seem to care too much about our Daily support level 1.08915. Price retraced during London Session and gathered some liquidity while touching into weekly level 1.094 before coinciding with a drop with better than expected USD news. Also upon the 4hr candle close, it printed an engulfing candle and a siginficant top wick. All signs are screaming more downside to come. It may be after a deeper retrace to around 1.0882 and 1.08915 area but probabilities suggest lower prices to 1.0847 4hr support zone. This zone also happens to be the previous weekly candle bottom wick that we are now going to fill with momentum leftover from last week? we'll see if we get the push and fill the 33 pip range with clean traffic to the left down to 1.0847.
Short
by ShrewdCatfx
The Cat Eye's a Retrace ? 😾 Or Dump CityOften times I can observe a retrace with London Session. Just as price did yesterday. My thoughts are a potential retrace to 1.09149 4Hr reiestance zone and some consolidation before another bout of Sell Side pressure. Price made leaps and bounds of progress to the downside during the last 2 sessions. I do not think the market is random. Nor am I trying to call a bottom. I am simply analyzing the behavior of this market as I have observed it for quite some time. Price is in close proximity to a Daily Support Level 1.08915 (6 pips away ) We have News tomorrow during NY session which I believe can be a catalyst to pullback a bit more before Inflation data during Friday NY may help provide a continuation of the preceding 1hr trend at that point. Towards the beginning of the week we were calling out a retrace to 1.0847. Idea was to do a Weekly Wick Fill as price was thought to have bearish momentum coming out of last week after a Bearish candle was printed ( With a larger top wick when compared to the body of the candle) We may see this scenario play out and we would like to see a break and retest after prices closes below 1.08820 on either the 1hr/4hr. Otherwise I observe a pullback for the time being.
Long
by ShrewdCatfx
2
A Volatile Climax in PricePrice did a break and retest above our 1.0918 Daily S/R Zone during Asian trading today and has increased 58 pips since then. The Daily candle reached within 9 pips of the 1.0986 Daily resistance zone formed last week. This return back to the topside of what looks to be a range forming now. Top of the range being 1.0986 Daily resistance zone and 1.08908 Daily support Zone. The NY 4hr candle dipped back to around 1.094 Weekly resistance level where it found support. 1.09435 is also a 1Hr support Zone that was created with the New York session 1Hr candle. 2 4 Hour candles have closed above 1.0957 4hr Zone. Maybe I'm just trading what I think but I prefer selling at these prices. My thoughts are that we are towards to the topside of what could now be a range as previously mentioned on the 4hr timeframe .
Short
by ShrewdCatfx
Eurusd Shaking out Weak hands?Trading is not complicated once you have a good understanding of whatever your technical approach is to the markets. After that good understanding is achieved you will have reasonable expectations about where price can go and will rarely be surprised. However, trading can become difficult when you throw trading psychology in the mix. Positive trading psychology is the sum of your mindset, discipline, and patience. This is why it's the most fragile and significant portion of your bottom line. Listening to the great traders and reading about their stories it's often mentioned as the most important piece of the puzzle when it comes to long term & consistent returns. It requires inner reflection and a good amount of attention from time to time. I have run into one of these occasions as I have strayed from my bread and butter. I have nonetheless created a rule on my trading plan to save me from any future occasions.
Short
by ShrewdCatfx
📺 Exhaustion through Weekly candle closeWe can observe a 25% pump after price created a Lower Low on the Daily timeframe at $25,128 ( 9 Days ago). The latter half of June has been quite exciting for Bulls. I suppose in March price did a 35% pump in 6 days. Anything can happen as we have seen in the past. Last time price was at this area it distriubted for a week before correcting 11% in 6 Days. 1Hr & 4Hr market structure has turned bearish and this current daily candle has not seen much upside. There has been a change of character since the blowoff +3.77% 1Hr candle printed during Friday's New York trading session. Bulls want the weekly candle to close above 30,329 in 28 hours. This would confirm very strong bullish pressure since we would close above medium term market structure highs created in April. I'm looking at a retracement to the most recent Daily support level at $29,901 through the end of this weekly candle. Looking for the weekly candle to create a larger top wick and pullback to the downside.
COINBASE:BTCUSDShort
by ShrewdCatfx
Ending of a Dramatic Week / Bitcoin ₿Quite the week for BTC. 1) A Buy Publishing was made last thursday at price $25,607 2) A Long Ethereum Publishing was made on Saturday at price $1,728 3) A Neutral Publishing was made on Tuesday at price $27,943 4) A Short Publishing was made Yesterday at price $29,318 Current Price is $30,177 BTC has been breaking zones to the upside and it is easy to understand that many players could be engaging in a chase with the market. I Choose patience and good Risk/Reward ideas over chasing the market and hoping that it will continue to rise. I can take a buy here but it's risky. Better to wait on a pullback. In the meantime I see good RR trade ideas. At the end of the day it comes down to the repetition of a process that has probabilities in your favor. And of course manging risk and cutting losses short when you are wrong.
COINBASE:BTCUSDShort
by ShrewdCatfx
Bullish Flag pattern 🏺Anticipating Eurusd Bulls to arrive sometime midweek during Powell's speeches. It's simply too difficult for me to not imagine some resurgence of bulls and Market optimism with risk-on buying back up to the 1.096 1Hr Zone Highs from the previous week. The Monthly candle has 11 days left in it and is now a solid bullish candle. I'm anticipating an upside push after a +1% Bullish weekly candle on Eurusd. It was a rather large weekly engulfing last week that was printed and the largest bullish close on said timeframe since the 2nd week of the year. As stated in the May 24th publishing and roughly 1 month ago, " Bull targets for the month of June are - a return to 1.1024 weekly level - a push towards 1.14655 Weekly level. " This remains as we have 9 trading day's remaining in June 23'. It is quite possible we may just range for some time before probing more towards the weekly level 1.1024. Must plan for Bullish and Bearish scenarios. Our most recent Daily S/R Zone stands at 1.0781. It is possible we may go back and test here but like this to be the least probable. Have a great trading week following the probabilities. Also cutting your losses short and letting your profits run. Bearish Target on Week 1.08146 Bullish Target on Week 1.10
Long
by ShrewdCatfx
This is Forex.. (Timing is Key) Correction with London 📻 Currently Sitting at 4Hr Supply Zone ( 1.09945 ) Looking for lower prices as price has touched into a 4hr Supply zone and we have an upcoming london session. What we may observe is a quick spike then a hard retreat back down to 1.098 or even 1.0945 ( Both of which are daily S/R Levels) . You can observe this behavior on Eurusd from last week. I will include a snapshot. A Brief description being as price was creating Higher Highs and Higher Lows on the daily timeframe EU was stairstepping it's way up by doing a retest at Daily S/R Zones. The wednesday Daily candle did a retest at 1.07817 Daily S/R Zone/. The Thursday daily candle did a retest at the 1.08126 Daily S/R Level. It's a recurring theme and is something we may anticipate as price continues to makes it's ascent. You may trade the pullback to the downside or wait for better Risk/Reward Long price areas. More attractive long prices area's being the 1.098 and 1.0945 Daily S/R Zones previously mentioned. Sometimes it's more about understanding the psychology of market participants and using this to your advantage. Price is High as we approach the 2nd to last london session of the week. But with london we will expect more volume and why not a pullback with this volume. We are sitting at a supply zone anyways. There is alot of liquitiy in forex and so you will not see insane 10% increases in 2 days like you can observe in crypto.
Short
by ShrewdCatfx
Impending Volatility ☕ / EurusdThe Weekly candle has touched into 1.1012, only 12 pips from our weekly resistance level 1.1024. On the daily timeframe we can observe a bearish candle Shooting star rejection candle is forming and price is currently below our 1.098 Daily S/R Zone. On the 4Hr timeframe we can observe price having issues with the 1.0995 4Hr Supply zone. The 2nd London 4hr candle has just closed bearish with a top wick twice the size of the body. The new 4hr candle thus far has confirmed our bearish thoughts as it has pushed down 14 pips in the first 15 minutes. 1Hr Timeframe : Price retreated during asian session pre-london towards our Daily S/R Level 1.098 which I capitalized on. We then rejected 1.098 S/R Zone upon initial retest as I forecasted in my prev publishing. We ran the highs from asian session and price made it's way a bit higher before pulling back hard for New York session open. We can observe clean traffic going back down 1.0956 and this is what I'm looking for to play out with sell stops .
Short
by ShrewdCatfx
6