SPX top down short 9/29/22So far we've rejected the weekly high and pushed down into the LTF points of interest. Going into the premarket and NY session I'll be looking for signs of rejection to return to the upside or a continuation of the overall trend.
Mostly favoring a neutral to bearish point of view on this but I don't mind reacting on movement to the upside for a buy if the level 2 data confirms it
OB
Top Down 9/28/22So today I won’t be trading, I have physical therapy, but this is my 4H chart and this is what I’m looking for. I’m looking to see if we are going to trade above the daily into the FVG (Lemme see if you can spot it). If we do, I’ll look to try to take a sell from that area or at least look to get a response in that area. I won’t actively be able to reach out regarding any trade that is activated, so I hope that you guys take a vantage of the chart. I did post a video but it looks like it hasn’t loaded yet and I’m already away from home.
4H SPX
SPX Top Down Analysis 9/27/22We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the trigger and just be more reactive today.
7:30am
USD
Fed Chair Powell Speaks
8:30am
USD
Core Durable Goods Orders m/m
0.3% 0.2%
USD
Durable Goods Orders m/m
0.1% -0.1%
9:00am
USD
HPI m/m
0.0% 0.1%
USD
S&P/CS Composite-20 HPI y/y
17.1% 18.6%
9:35am
GBP
MPC Member Pill Speaks
9:55am
USD
FOMC Member Bullard Speaks
10:00am
USD
CB Consumer Confidence
104.0 103.2
USD
New Home Sales
500K 511K
USD
Richmond Manufacturing Index
-10 -8
CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.
Weekly outlook for Major Forex Pairs Hi there!
This is my own view on for the upcoming week for most of the major pairs.
DXY looks bearish, so im looking to short USD and bullish on other pairs.
---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.