SPY PRICE ANALYSIS - SHORT ENTRYIt seems that the market doesnt want us to get our short entries at 405 so the next area to short is 400 for a potential H&S being played out.
Short-long
Probability for 30/11/22 I got two ideas but also there is a third one. The price might go to consolidation today and If nothing happens during London Kill Zone I might change the pair and look for setups.
DAX Short - High Probability Current Macro Environment is very bearish:
Inverted Yield Curve :> showing that Market Participants are forecasting that rates are being cut in the future
Purchasing Manger Indexes are at contractionary levels - combined with the current situation in the money market - I do not expect that the real economy is going to relief from here
Current Technical Analysis is very likely to turn:
We are sitting at the golden pocket, range high and are currently forming an rounded top
I am expecting an fakeout H&S with early shorts getting stopped
Even if we have already formed an bottom - it is very unlikely that we go trough this level without an rejection
I am expecting at minium that we are able to take at least 1 take profit until it might turn more to the upside
Probability for 29/11/22 Yesterday my prediction was correct however I did come out of the trade at 3% instead of 7%.
Today to me price will continue to go south.
Is Oil dying? I can't know if Oil is dying because I cannot see into the future. So what's on the chart?
1- There is a death cross on a daily timeframe which is always a significant event.
2 - The red stepwise line (the ATR) is telling us that there is heavy bear pressure in this market.
3 - Twice price was rejected in 31 days.
4 - Now there is a big struggle at a neckline.
5 - Price pushed outside the ascending wedge pattern, and has now fallen through the base. Not a good sign for bulls.
Price can go up or down at the leading edge. True trend-followers would have held short once price is below the 1D ATR line. Nobody knows how far that may go.
This is a dangerously volatile market on the daily, with no good short entry positions at this time.
A better entry short would have been at price point 100 - and still under the switch in the ATR.
But wow - look at the volatility one would have had to withstand over months. This is for strategists - not gamblers.
Stay safe. Don't burn cash.
DOLLAR (DXY): Things could get ugly next weekIt's all on the charts. The Dollar does not like trenches. Zoom into chart for a better view.
This is a probabilistic estimate for a 51% chance movement north. That means there is a 49% chance of no direction north. Prediction this is not (because predictions are 100% for occurrence).
What this means is that the probability north should be factored into all instruments that are linked to the DXY strength.
Equities indices for example have been profiteering from a relatively weak dollar. It is of course possible that both equities and dollar strength head south. Possible but not likely. If that happens it will be a whole new era.
Stay safe. Don't burn cash. May the force be with you! 😁😄
NZDUSD short ideaAs you can see from this markup we have locked into nearly all areas from our push down.... meaning the only areas are the liquidity above and below our highest zone!
so following what we know of interlocking structures the lower move would be next... taking us out of our retrace move and back into our trending structure move....
Reaching lower would give us 3 targets including the swing low after the first areas had been met!
If you like this idea let us down below with a like & share!
BTC LONG (SMC)This is a 5 min analysis i just did, im hoping by next month we get to 18K and then have anoter melt or go up...
GBP/JPY Potential Break Below Major StructureWe are currently seeing strong bullish momentum on thee daily chart and we may see
market reverse bearish if we see market break below structure marked on charts.
We may also see price continue bullish if we see strong momentum above current resistance.
SPY END OF THE YEAR ANALYSIS!Happy thanksgiving! I expect the markets to continue to go to 406 in the coming days. Like i said dont be surprised if the market goes to 410 for a potential bull trap.
EURCHF shortOnly a short-term idea but could offer a nice move down if our entries are met, a classic mixture of imbalance trend and a clear POI could lead us into and entry here.. but we will not force it of course and watch for a reaction!
NZDJPY short idealittle short idea for the nzdjpy pair... this is based off of a smaller time fram move to take us down into our BIGGER long term bias!
imbalances and POI always offer a good opportunity to catch a move, so watch this zone for exactly that!
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GBPCAD long to short ideaAs we showed in our mark up last Sunday, we expected price to hit our higher zone!
Which it did!! BUT, never gave us the short entry that we was looking for, now we have cleared that target we are looking to follow the bullish order flow up to the next POI....
from there we are going to look for shorts again, REMEMBER follow order flow and don't force your entries! wait for them to show themselves....
IF YOU LIKE THIS IDEA SHOW US BY HITTING THAT LIKE & SHARE BUTTON!
BTCUSDT ANALYSIS , 1 WEEKI shared a general scenario of Bitcoin with you
I hope you like it
Bitcoin is in a downward channel
In this downward channel, there are two main supports to prevent Sharpie from falling, which I have marked for you with a blue dashed line
I drew the general scenario for you, there is no need for additional explanation
I think after we hit the top of the descending channel, we will have a Sharpie drop to the super important $6,000-$5,500 area, and then we will have a super bull market up to $200,000.
AUDCAD - The ContractionAUDCAD has been in a bearish order flow and has made some contraction (pull backs) as it always make before a bearish or bullish move. Therefore, market for AUD will continue the pull back or will now find CHoCH areas for good entries in bear market, we will have to see next week for confirmation.
EURUSD buy to sellI do not no y but my previous idea was in private so u couldn’t see it but it’s fine I’m going to repost it now so u can see
Mystic Mac
Wizard
STOCK MARKET ABOUT TO CRASH LIKE 2008!The stock market has seen a move up in the recent days and there is nothing bullish about it. inflation is sitting at 7.5% is not something to be bullish about. The will not pivot anytime soon. If you want to trade in the coming weeks; be prepared! The area to short is either current level or 406.
AUDCAD Local short and buy opportunity!Welcome back! Let me know your thoughts in the comments!
**AUDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
USDJPY/WHAT DO YOU THINK?Hi guys
In the daily chart , the price is in an ascending channel.
As we specified in the chart , the price hit the floor twice and the ceiling of the channel twice , and the third time it hit the bottom of the channel ,it broke it.
Due to the breaking of the ascending channel.
It is expected that it will continue to move as long as the channel.
good luck
XAUUSD 4hr ideaas you can see by our mark up we have a few smaller interlocking structure points that are yet to be tapped into.... with the bullish pus taking us into new highs last week we have to maintain our upwards bias for now!
A pullback into some of the untapped liquid (unlocked structure) would be a perfect reason for price to carry us into our higher zone marked above!
once and if we get to this stage we expect price to drop down to fill some of the gaps it has not tapped into yet below!
let us know what you think!
If you like this idea drop us a like & share!
GOLD Weekly forecastGold now in observable motion for upward rally in cope with EUR pairs. After presidential remarks In Europe has Inverted many pairs for a good cause especially EURO pairs.This week mostly Stocks went into a rally shortly after CPI news hit following the rapid move for EURO pairs, GOLD and vice versa as dollar falls in a strong dive as planned by the feds. Technically, Gold has found strong support around 1620-1630. however, there are many barrels on the way up as it approaches major supply levels.
Now we wait and see if major news and economic news could be benefitting in coping the price movements in further months or not. That includes Decisions by the new government in UK and Chaos close chats of Ukraine and Russia Conflict and as well as Economic reports of the Feds-Including NFPs, CPIs, and Inflation data.
