EURNZD, Long Opportunity, RR 1:14Goood morning ladies and gents,
EURNZD is poised to see higher prices today.
It will rally up to the area marked as the final TP over the next week.
Why?
Simple. There was a consolidation (range) condition prior to a break to the top side. This induced retailers to look for longs, anyone who went long would have their maximum stop below the low of the range. Typical trading systems, lol.
Price stop hunted to the other side of the range as expected, then cleared the EQ lows at the other side. This in turn, induced retail traders to look for shorts.
However, we're currently in a Daily Bullish Institutional Orderflow with a clear objective to the topside.
It's worth noting that although the daily structure is bullish, we're still in a weekly & monthly sell structure. Hence a TP at 1.68870 is advised as it's a potential point of reversal".
Aligning seasonal tendencies with this technical perspective, it shows that EN tends to rally higher from the beginning of May until Mid May where a huge sell off begins, in line with our Weekly & Monthly sell structure bias.
That's it for now.
Take care.
Orderflow
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price tested the support level, but could not break it down and then resumed rising. As a consequence, the pair absorbed the recent fall which shows a weakness of sellers. Moreover, there is a significant local uptrend.
Volume Zones:
We need to point out an important level of support 1.2171. This level has already been tested twice.
Sentiment:
This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may open long positions after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 100 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDJPY H4USDJPY H4
Prices tapped into the daily resistance area @ 110.800, made a sell-side move, breaking structures, creating new lows and now making what seems like pullback before a continuation short.
We identified 2 major areas for SELL positions, mainly @109.400 area as well as 110.300 area.
If prices doesn't hit any of our crucial structures, we will be looking for a short-term LONG position @108.400 for an upside move towards 109.400.
USDCHF H1 - SHORTUSDCHF H1 - SHORT
Prices may be coming back for a retest of structure, potential forming an AC/D schematic before a SELL opportunity with a break of structure and immediate shift in momentum to catch a pullback SHORT towards 0.91000 support area.
For prices to fill the imbalance and our primary zone/resistance, it will liquidate the orders lying above the 0.91730 area, tapping into our key resistance before a sell-side move.
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price demonstrated an abrupt fall and tested the support, but the price did not break it down and then showed an abrupt surge. The pair has totally absorbed the downward correction, which shows that sellers are weak at the moment. Moreover, there is a significant local uptrend.
Volume Zones:
It is necessary to point out the new level of support 1.2171.
Sentiment:
This indicator shows that 83% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may reckon long positions after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price demonstrated an abrupt growth and broke out the previous resistance level. However, the price corrected down after the creation of the new one. Nevertheless, the pair has already resumed rising, which shows a weakness of sellers. Moreover, we should highlight a presence of the strong local uptrend.
Volume Zones:
We need to point out an important level of resistance/local maximum 1881.10 - 1886.40. This level contains the large volume.
Sentiment:
This indicator shows that 62% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
d.radikal.ru
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 400 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price continued rising and broke out the previous resistance level, which is a great signal for a further endurance of the uptrend.
Volume Zones:
We need to allocate an important level of resistance/local maximum 1870.60 - 1874.60.
Sentiment:
This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The rise have to be abrupt and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 300 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
BITCOIN PRICE REVERSAL INCOMINGGood morning, Alkalites! After the volatility faced because of Elon Musk speculation, we will show you our general analysis of the market.
Fear and Greed index is displaying 20% Fear right now. One of the lowest sentiment results recorded in the current bull run.
Algorithmic and retail trading induced by market sentiment is slowly dumping Bitcoin prices. So we analysed order books looking for long-term orders.
If the current sentiment continues, Bitcoin price should restart the previous trend in the long-term buy area between 43k and 38k. If not, we could see prices going further down.
As stated yesterday in our channel, CryptoAlkaline will do its best to protect our positions with hedging techniques if needed.
See you in our CryptoAlkaline Channel in Telegram!