NZDUSD: Bullish Sentiment Backed by Math and History!Why Use Probabilities?
In trading, probabilities help us make informed decisions based on mathematical rules and historical data. By analyzing past price movements and market behavior, we can identify patterns that suggest potential future outcomes.
This approach allows us to assess the probability of reaching Take Profit Levels.
Utilizing probabilities means I'm not just guessing; I'm relying on statistical evidence to position myself effectively in the market. This strategy helps manage risk and increases confidence in my trades, making it easier to navigate the uncertainties of forex trading.
Let's dive in:
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Liquidity
LIQUIDITY CONCEPT MODULEToday, I’m focusing on identifying potential buying opportunities in this trade. I'm analyzing market trends, recent price movements, and key support levels to determine the best entry point. I'm particularly interested in signs of bullish momentum, such as increased volume or positive news catalysts that could drive the price higher. By keeping a close eye on technical indicators and market sentiment, I'm aiming to position myself strategically for a favorable trade outcome. So wait and watch when price enter into our zone and which trade market will give to us.
Always use proper money management and R:R ratio.
Always use stoploss for your trade.
# USDJPY 4H Technical Analyze Expected Move.
payo are you gonna correct?after the great boom payo brought us some great profits. tbh i havent closed anything and i am still bullish on payo.
payo accumulation and bingbongdingdong has been formed for 3 years as of this moment we are attempting to turn previous critical resistance into support.
2 scenerios according to wykoff theory.
1. correction then big money needs to defend its positions and at a reasonable price.
fundementally that could be previous value area high (vah upper white line) because we need to create a new value range it would only make sense to turn vah to the new point of control (poc) or the new value area low (where price is traded the most e.g mid range val bottom area)
another point to consider for the correction is the gap, so previous point of control to turn value area low or a sweep to that level would provide 4 things
first it will close the gap and get rid of that imbalance.
2nd it will shake off weak hands and get rid of breakout traders when it
grabs the single print
3rd it will provide a decent price for big money to enter at.. liquidity liquidity liqduidity.
4th provide the oprotunity for hedge shorting and basically thats more fuel to the upside when said shorts close. (so basically proffesionals get paid to pump the market for free)
2. leave everyone behind everyone whos waiting for the correction. that scenerio is less likely to anticipate, depends more on the company preformance and has less upside for big money that wants to accumulate low and provide big gains.
i believe the first scenerio is more likely that the other one.
the teal circles on the green lines are where i am looking to see reactions for swing fail patterns and adding to my positions
luckily i already have an open position on payo for quite a while now, so im chilling.
im still bullishlast daily deviated from my trendline. to me that could be a swing fail and a shakeout to shake weak hands.
reasons to consider: there is CPI data today and on 10/10 theres the tesla robot event a big fail could prove to be a priced in scenerio and the start of the nuke today with the following nuke tomorrow.
for me i am a big believer of tesla so im bullish for me i may have another buy oprotunity on the vola vola today.
as for the pattern in question we have a 48% on the cup depth 32% on the handle depth 44% on the parallel channel that is still part of the handle.. make of it what you will.
i dont believe tesla will break out before the 10/10 but will swingfail the down level even (especially) on bullish cpi data (if anyone knows how hedge funds like to operate).
there are bad lows at our current level and at 226 (which is also previous resistance)
a sweep would be an amazing bullish retest that may or may not fail but the oprotunity is there and it all depends on how aggressive you'd like to trade or invest.
Trendlines are current value ranges
The upper teal drawings are potential double top that has formed and if we reject a potential double bottom (rsi will print an rsi div on 30 mins and may potentially swing up to the upper part of the channel causing an overbought on 4hours and daily)
Vwap will confluence with the 100 daily ema that could potentially be a good entry but there's also the potential of the 150 and 200 bullish retest even though in my opinion that would ruin the cup and handle entirely although the liquidity idea would stay the same i'd be sad to see the pattern go.
if we dont swing fail the bullish retest i will look to swing fail the lower trendline for another liquidity pool grab which is also the yearly value area poc.
if all fails and we go bearish on tesla i will trade the consolation prize from valow to vahigh (a lower high and on the higher timeframe and a full rotation play)
the bullish idea is if tesla preforms and the vah turns into the new poc/val and said new value range would be between current to 400-500
i hope i made enough sense and that my ideas are interesting for you. good luck to everyone.
Fundamentals Favoring a Bullish USDJPY:What Traders Need to KnowIn today's trading environment, the USD/JPY currency pair presents a bullish opportunity. Here are some key fundamentals that support this bias, along with an explanation of utilizing probabilities for positioning long trades.
Key Fundamentals Supporting a Bullish Bias on USD/JPY
1. Bank of Japan's (BoJ) Monetary Policy: The BoJ has maintained its accommodative monetary policy, refraining from committing to predefined rate hikes for the remainder of the year. This stance is likely to weaken the Japanese Yen against the U.S. Dollar as traders anticipate continued divergence in monetary policy between the Fed and the BoJ.
2. U.S. Economic Growth: Recent data indicates a pickup in U.S. economic growth without significant inflationary pressures. This environment supports a stronger U.S. Dollar as it suggests that the Federal Reserve may not need to cut rates aggressively, contrary to some market expectations.
3. Market Sentiment: The overall sentiment in the forex market is leaning towards a bullish outlook for the U.S. Dollar, particularly against currencies like the Yen, which is under pressure due to Japan's economic conditions and the BoJ's policies.
Utilizing Probabilities for Long Positions in USD/JPY
When trading, I prioritize using probabilities to enhance my decision-making process.
In conclusion, by focusing on probabilities and key fundamental indicators, I am strategically positioning myself for potential long trades in USD/JPY.
This method not only enhances my trading confidence but also provides a structured approach to navigating market volatility effectively.
Let's dive into my comprehensive top-down analysis together:
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XRPUSD: Bullish Setup AheadAs I prepare to share my bullish trade idea for XRPUSD on TradingView, several key global fundamentals align with my positive outlook. Here are a few significant factors to consider:
1. Regulatory Clarity: Recent developments in cryptocurrency regulation, particularly favorable rulings for Ripple Labs, have boosted market confidence. This clarity is essential for institutional investment and long-term growth in the crypto space.
2. Market Sentiment: The overall sentiment in the cryptocurrency market has shifted positively, with many traders anticipating a bullish trend. Indicators such as the MACD and Stochastic Oscillator suggest potential upward momentum, reflecting a growing interest in XRP as a viable investment option.
3. Technical Analysis: Current technical indicators show that XRP is poised for significant moves. The Relative Strength Index (RSI) is in a neutral to slightly bullish zone, indicating room for further upside before reaching overbought conditions.
In my trading strategy, I will utilize probabilities to position myself for long trades in XRPUSD.
Share Your Thoughts in the Comments Below!
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SMC MODULEIn this analysis we are focusing on 1H time frame for GOLD. I'm looking for a potential sell today according to the market structure. Let's see what happens and which opportunity market will give us. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
This is just my prediction or analysis.
#XAUUSD 1H Technical Analyze Expected Move.
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Bitcoin is holding the EMA50 on the 1D - This is bullishBitcoin is holding the $60k level pretty well. It's also the lowest region of the EMA50. We are currently in a big mean reversion in my opinion. Check out my other Bull Market Idea why a Mean reversion to the EMA50 on the 1D is 1/3 dips you will get during a bullrun.
TRENDLINE / LIQUIDITY MODULEIn this analysis we are focusing on 4H time frame for EUR/USD. In this prediction or analysis we are using trendline concept strategy with liquidity and price action. So now I'm looking for buy today, because as we know that the market trend was bullish. So wait for price when it reaches to our zone then after confirmation we will place our trade.
Always use Stoploss for your trade.
Always use proper money management or R:R ratio.
# EURUSD 4H Technical Analyze Expected Move.
GBPJPY Buy analysisGJ created a demand OB at approximately 190.300. After that we had a push towards the upside reaching app. 193.00. As price went down, a potential supply OB was created which would be our target due to the confluence of equal highs created right under it. Price pushed further mitigating the 190.300 OB and created a new one once it reacted off of it (This was our entry DOB). Right before the asian session an area of sell-side liquidity was created and our asian session created highs and lows which also acted as liquidity. Right after the asian session, price swept the Asia low liquidity as well as the sell-side liquidity and tapped into the second DOB, This is where we entered. The target was simply imbalance that was made by the push towards the DOB, then the Asia high liquidity and finally the equal high liquidity. Trade went to TP and went even further, pushing through the Supply OB which was our TP.
1D CHART BITCOIN BULLRUN GUIDEThe Idea is simple. We will have 3 hits to the EMA50 on the 1D timeframe on Bitcoin. We saw this price action during the 2021 Bullrun aswell. Check the 1D chart back then. We flushed the many longs positions out of the market yesterday. It was crystal clear imo that we flush on the 1st day of uptober. We can also say that 3 is a psychological number - google it. So 3 hits to the 1D chart EMA50 seems possilbe. Time will tell. Trade SAFE!
LIQUIDITY GRAB MODULEIn this analysis we are focusing on 1H time frame for XAUUSD. Today I'm looking for buy opportunity when price enters into our levels. so wait for confirmation after confirmation we will execute our trade.
Always use stoploss for your trade.
Always use proper money management and R:R ratio.
# GOLD 1H Technical Analysis Expected Move.
4hr Bitcoin mean reversionIt looks like Bitcoin is doing a mean reversion on the 4 hour time frame at the moment. We dumped in the opening of the Asian session tonight. Liquidations are also seen above the current high that we could take out. Let's wait and see what the London and New York session brings and how price reacts. We should be watching closely for a break through the EMA50 on the 1 hour time frame to confirm a continuation of the trend.
SMC MODULEIn this analysis we are focusing on 4H time frame for USD/CHF. Here we are using SMC concept strategy combine with price action. Today I'm looking for buy. Let's see what happens and which opportunity market will give us. Any step can be taken after confirmation without any confirmation we could not execute our trade.
Always use stoploss for your trade.
Always use proper money management and R:R ratio.
#USDCHF 4H Technical Analyze Expected Move.
SMC CONCEPT / CHART PATTERNIn this analysis we are focusing on M30 time frame for GOLD. Today I'm looking for buy with the area of support zone, because market will first drop and then again rise and create a base and again market drop but this 2nd drop is not a clear drop in the shape of BOS, it is a liquidity sweep drop and once market swept this liquidity it will again rise toward upside.
and also we have see inverse W pattern which known as bullish reversal chart pattern. So let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#XAUUSD M30 Technical Analyze Expected Move.
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook:
- OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages.
- Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market.
By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively.
Feel free to share your thoughts in the comments below!
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EUR/USD to push above to 1.12299 We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low liquidity and trendline liquidity tapping into the 1H demand at the swing low beneath the Asian low then pushing up into the 2day supply taking the triple equal highs.
Scenario B:
Price pushes up at Market open and taps into my 38min zone and continue in its HTF downtrend taking all the liquidity to the downside. This zone is validated by a LTF Change of character. It is also possible price may react from this zone in order to carry out scenario A.
Although scenario B is likely I believe that Scenario A is most likely to play out as this is supported by price breaking structure to the upside and the amount of strong bullish candles to the upside. This also correlates with the Dollar as I am expecting price to be bearish this week on DXY. It is also possible that price may push straight into this 2 day supply without tapping into any of my zones which I would then use as liquidity points and TP targets.
Ultimately, my objective is to be open minded and understand the different possibilities and outcomes of what the market can do and be able to adapt to each scenario accordingly. Hope this analysis helps you going into this week :D