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Is the crash here?Throughout all of social media and YouTube I've been seeing many people panicking if weather or not we have topped and should start selling. One thing that I've learned predicting mayor world events is to: always play it on the safe side when dealing with uncertainty. Instead of shorting the market, I prefer reducing my exposure, as short trades are extremely risky, and I've personally learned that the hard way. It is true that price action is now at an infliction point. With a vast amount of stocks entering a downtrend in such a harsh manner. It is not hard to see why everyone is panicking. Do I think this is the crash we've been waiting for? Perhaps it is, but I can't tell with certainty because even tough price is over extended, it does have a lot of structure supporting it. The reason we are at an infliction point is due to the price action reaching the 25MA which many times is used as support or resistance and going below this threshold would for sure confirm a downtrend and with my Mean Returns indicator the story is the same. We are seeing a loss in momentum after having a very bullish push in the last years. With all the recent news in the U.S. election, it is fascinating to see the market react to these mayor events. These do change the scope of how the market should behave, as a lot of uncertainty has just been introduced to the U.S. population in general. This lack of knowing what the future hold in store is what I believe to be the driving force of this recent downtrend. Combined with increasingly worsening economic fundamentals is what will give us the crash we are waiting for. But before making a decision on how to trade, it's important to consider all possible outcomes. Which is exactly what you can see in the graph. Where I've marked what different price action would mean to the economy and the market in general, as well as setting a trading plan for all of these outcomes. This type of panicking is what leads me away from using stop losses. People panic and push prices violently. However, many times the analysis was correct from the start but hitting a stop loss gets you to close your position prematurely. That's why I define several entry levels and dollar cost average since the beginning. Using an equation to determine how much should I invest, at which levels to determine the correct amount of exposure to avoid missing out and to always have a favorable average price.
CME_MINI:ES1!
by DarkMessiah777
EURUSD 5 Feb 2024 W6 - Intraday Analysis - EU PMIThis is my Intraday analysis on EURUSD for 5 Feb 2024 W6 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bearish In Swing Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over. We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start. More price development needed with the current PA. 3. Bearish momentum still active with a Bearish iBOS. With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is in mitigation and every move up is just a sell opportunity. After the iBOS we would expect a pullback and the current CHoCH is the INT High. So either price engineer a new CHoCH or it will target the INT High (i Doubt we have catalyst for that this week). I'll be waiting 15m to align bullish to play the 4H iBOS pullback if possible. Other wise waiting for better Short opportunity from the 4H Supply. Lets wait for the LTF to guide us. 15m Chart Analysis 1. Swing Bearish INT Bearish 2. Swing couldn't sustain Bullish after the Bullish BOS and turned Bearish with NFP news on last Friday. After a BOS we expect a pullback but be mindful that HTF are looking to target the 4H Swing Low and Daily INT Low so there is a HP we will continue down. But for me following the structure and expectations, I'll be looking for the Swing Pullback after a bullish iBOS. And most probably will play the Bearish move when we tap into a HTF POI. 3. 15m INT Structure is bearish and we are in the continuation after the Swing BOS. Price could continue from here bearish to the 4H Swing Low.
by Amr-Sadek
TAO/USDT: Analysis - will it bit and soar? or bit and sorry?!THIS IS SUPPOSEDLY VIEWABLE FOR ARCHANGELS: NOW PUBLIC. SUMMARY FOR LAZY READERS: 🚨 Traders, this TAO chart’s a battlefield, and the bears are winning. The 0.618 Fib level’s been snubbed—no bullish bounce in sight. We’re in deep bear territory here. 📉 MAs are out the window; the 50-day and 20-day are being blatantly disregarded. Price action is breaching these with zero respect. It’s bearish, and anyone saying otherwise is selling dreams. 👊 That huge wick? It's a tease, not a trend reversal. Don’t get suckered into bullish traps. This isn’t a buying zone; it's a warning shot. 💥 Sellers, get ready. The 'safe' MAs? They're targets now, not supports. Expect prints at 200MA or 150MA because we might not be done dropping. #TAO #Crypto #Bearish See photo for more elaborated explanation. For more detailed takes. Here is why. 🚨 TAO's chart is in full bear mode, and here's why: 📐 Fibonacci's telling a grim tale. The 0.618 level's been shunned, and when you ignore the golden ratio, you're asking for pain. A false rally to 0.114 was nothing but bears in sheep's clothing, baiting for a drop. 🟡🟣 MAs are crying wolf here—the 50-day (yellow) and 20-day (purple) have been breached with no bounce-back, solidifying the bearish stronghold. Prices slicing through MAs like this? It's not a sign of health. 👀 That wick at the top isn't a bullish battle cry; it's a one-hit wonder. The market's not finding any solid ground, making those 'buying zones' more like quicksand. 🔮 Predictions of a touch on the 200MA or 150MA? It's not just probable; it's like destiny at this point. We're heading south until those levels say 'stop'. 💸 Sentiment's a mixed bag with talk of influencers and VCs pumping. But remember, real markets don't run on hype alone. In short: Bulls, take a breather; bears, take the wheel. We're not in Kansas anymore, and this yellow brick road's heading straight for a cliff. #TAO #Crypto #Bearish
CRYPTO:TAOBUSDShort
by osodatsismoso
EURUSD 6 Dec 2023 Intraday Analysis - EUR Retail Sales / US ADPThis is my Intraday analysis on EURUSD for 6 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish Reached EQ 2. Swing low and last demand for potential buys. 3. Price created a bearish iBOS which confirmed the Swing High and the Pullback started. Price tapped into the Discount and we may start the Pullback for the bearish INT Structure. Price could sweep the Liq. above the CHoCH and continue down. But be mindful that the Swing is Bullish and we could see the Swing bullish continuation at anytime. There is no high probability demand that price can start the pullback from and the only one available currently at the Swing extreme. Due to that, better to see structure change on LTF before looking for Longs. 15m Chart Analysis 1. Swing Bearish Internal Bearish 2. Swing structure turned bearish creating a BOS. After a BOS we expect a pullback. INT structure is bearish which means we still in the bearish continuation until we have a Bullish iBOS. Also we didn't mitigate any HTF POI to initiate a pullback yet. I'll be waiting for Bullish iBOS to play the 15m Swing pullback or wait for the 4H Bearish iBOS to confirm the 4H Swing Pullback started to play Shorts. Currently the 15m INT is in a series of bearish structures so most probably we will continue bearish till we reach a HTF POI.
by Amr-Sadek
EURUSD 27 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 27 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Swing low and last demand for potential buys. 3. After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn't have Swing pullback till now which will be identified by a Bearish iBOS. Price reached the extreme of the Bullish INT Structure and we may react only from there as our expectations is to reach (And maybe extend above) the Weak INT HIgh. So the current supply there may provide some bearish reaction, but our expectations on the 4H TF is to continue up. But keep in mind that the bearish scenario we have from the Weekly and Daily could be starting from this area or a bit higher. In all ways, bearish scenario will be confirmed with bearish structure formation which we don't have till now. So patience is always the key of success! plan and wait for confirmation. 15m Chart Analysis 1. Swing Bullish Internal Bullish 2. INT Structure continuing bullish following the 15m Swing bullish structure and our expectations is to reach the Swing high and most probably we will take it out. 3. My expectations is if price managed to break the 15m Swing High and confirm a BOS, Most probably we will initiate a Pullback from mitigating the 4H/Daily Supply zones. Shorts are not confirmed as the momentum is bullish. but planning before is important.
by Amr-Sadek
EURUSD 27 Nov - 1 Dec 2023 Weekly Analysis - Inflation US & EURThis is my Weekly analysis on EURUSD for 127 Nov - 1 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ 2. After the iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low. 3. Price had fully mitigated the weekly supply (FLIP Zone and swept the Liq above the zone by not fully closing the candle above. Still it could be a sweep of liq if we started to see pushes to the down side and structure changes on TF lower than the Weekly TF. Price could be targeting the Supply zone at the INT Structure High to continue bearish as long TFs lower supports that. 4. Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down Daily Chart Analysis 1. Swing Bearish INT Bearish OF Bullish Reached EQ 2. After BOS we expect a pullback OF turned bullish to facilitate the Swing pullback and we reached the INT bearish Structure Extreme. 3. Weekly/Daily supply zone and the extreme of the bearish INT Structure where price swept the Liq above and created a Bullish CHoCH on the Weekly TF. As price currently didn't close above the INT High, there is a probability that this could be a Sweep of LIq to continue down. To Confirm that Sweep concept we want to see at least a Bearish CHoCH which will be a Break of Structure on 4H which will support the concept and with that we can play Shorts. But also be mindful that OF is in Strong bullish move and playing against it without confirmation will be rough. Let's watch LTF to guide us. 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Swing low and last demand for potential buys. 3. After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn't have Swing pullback till now which will be identified by a Bearish iBOS. Price reached the extreme of the Bullish INT Structure and we may react only from there as our expectations is to reach (And maybe extend above) the Weak INT HIgh. So the current supply there may provide some bearish reaction, but our expectations on the 4H TF is to continue up. But keep in mind that the bearish scenario we have from the Weekly and Daily could be starting from this area or a bit higher. In all ways, bearish scenario will be confirmed with bearish structure formation which we don't have till now. So patience is always the key of success! plan and wait for confirmation. Economic Events for the Week
by Amr-Sadek
EURUSD 22 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 22 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Bullish Swing continuation happened as expected and we created a Bullish BOS. After a BOS we are expecting a pullback and first sign will be a CHoCH. We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure. 3. Price still in a Bullish momentum after the 4H BOS. We didn't mitigate the Daily/4H Supply yet but it did a CHoCH and confirmed INT High after the bullish iBOS. Currently price in an INT Structure Pullback and most probably the 4H Demand will be a good area for Longs if there is conformation from LTF (15m) 15m Chart Analysis 1. Swing Bullish Internal Bearish 2. As mentioned yesterday we were looking for a sign for the pullback and with the bearish iBOS we confirmed a Swing High and we are currently bearish to facilitate the Swing Pullback. We didn't mitigate the Daily Supply, but keep in mind that price doesn't have to mitigate it before going down. Always follow the structure and what does it tells you and not to follow what you want price to do. Most probably a pullback after the iBOS will be an opportunity for Shorts if we didn't tap into discount or deep in the Swing Discount. If we are in a deep pullback then most probably will look for longs from the 4H Demand zone.
by Amr-Sadek
EURUSD 21 Nov 2023 Intraday Analysis - FOMC Minutes DayThis is my Intraday analysis on EURUSD for 21 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Bullish Swing continuation happened as expected and we created a Bullish BOS. After a BOS we are expecting a pullback and first sign will be a CHoCH. We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure. 3. Price still in a Bullish momentum after the 4H BOS. We are approaching the Daily and 4H Supply zones which could provide a pullback. The pullback will be tough to play and will require a 4H Bearish iBOS which is currently far from here. Most probably the LTF (15m) will give us a clue if there will be some relief for a pullback from this Daily/4H Supply Zones. 15m Chart Analysis 1. Swing Bullish Internal Bullish 2. After the 15m BOS we expect a pullback. Price still in the continuation phase and no signs of pullback starting. a Bearish iBOS will be the first sign. Price is approaching the Daily and 4H Supply Zones, the Pullback could start from there but we need a confirmation (Bearish iBOS) Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride. 3. The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
by Amr-Sadek
EURUSD 20 - 24 Nov 2023 Weekly Analysis - FOMC WeekThis is my Weekly analysis on EURUSD for 13 - 17 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ 2. After the iBOS we expect pullback, price tapped into Liq on the lift and a demand zone which showed a reaction that the pullback of the internal bearish structure maybe starting and now price is targeting the CHoCH and the liquidity areas. 3. Price currently within a Weekly Supply (FLIP) Zone which could be the zone to continue down. But it's not a high probability one as price didn't sweep any liquidity after the Bearish iBOS and most probably this supply zone will fail and we will sweep the Liquidity above it to the next and extreme supply zone of the bearish INT Structure. 4. Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down. Daily Chart Analysis 1. Swing Bearish INT Bearish OF Bullish 2. After BOS we expect a pullback OF turned bullish to facilitate the Swing pullback and most probably we will continue bullish till we sweep Liq on the lift above the INT High. 3. Weekly/Daily supply zone and the extreme of the bearish INT Structure which could provide a short opportunity if we are going to react from these zone. Be mindful that price OF is so bullish and most probably this INT high will fail as it will be the Liquidity on the Weekly and we could tap into the Daily supply above to start the pullback and maybe the bearish of Daily/Weekly structure. Let's watch LTF to guide us for potential shorts. 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Bullish Swing continuation happened as expected and we created a Bullish BOS. After a BOS we are expecting a pullback and first sign will be a CHoCH. We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure. 3. After reaching the Daily/4H Supply, price started to show some reaction. The CHoCH that happened just confirmed the INT High and it was only Sweep of Liquidity due to the aggressive bullish move. Currently we have a Bullish iBOS and again we are expecting a Pullback which could start from the current 4H Supply or i prefer to Sweep the Liquidity above the Weekly supply and we will be starting a nice pullback to the 4H Swing and it could evolve to a Weekly / Daily bearish continuation. Economic Events for the Week
by Amr-Sadek
URUSD 15 Nov 2023 Intraday Analysis - US PPI DayThis is my Intraday analysis on EURUSD for 15 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m Before the analysis. i want to note that as price moved a lot yesterday it becomes difficult to have a proper trade as the momentum is so bullish, can't long the highs or trying to follow the continuation of that volatility as you want to wait for price to pullback to proper and well defined POI's. On the other hand trying to play a pullback against this Bullish move will be rough and you need to have expectation that you could get caught several times trying to pick a high before the actual pullback. Overall i'll be very cautious this week till we have a proper structure at least on the 15m to play accordingly. So lets start the analysis! 4H Chart Analysis 1. Swing Bullish INT Bullish 2. Bullish Swing continuation happened as expected and we created a Bullish BOS. After a BOS we are expecting a pullback and first sign will be a CHoCH. Currently the CHoCH is far away and i'm expecting price to create a higher CHoCH to initiate a sign that the pullback maybe starting. We just formed IMO 1 demand zone within the Swing that it's also a FLIP to the supply formed. So most probably if we reached that level we will have potential longs. 3. Price had fully mitigated a 4H supply within the Daily Supply zone. My expectation is if a pullback will start, there is a high probability that we can get this pullback from this zone. But be mindful that price is so bullish and pullbacks will be a rough ride. Will let the LTF (15m) guide me. 15m Chart Analysis 1. Swing Bullish Internal Bullish 2. Swing structure continuing bullish and we managed to create another Bullish BOS yesterday with CPI news as expected. After a BOS we are expecting a pullback and first sign will be a CHoCH. Which we already did and we confirmed INT High currently. If price wants to do a pullback i prefer to have the INT structure turning bearish first and then we can look for Shorts in the pullback phase. Currently price had fully mitigated a 4H Supply within a daily supply zone. So, a bearish INT Structure will be a good sign that the pullback is starting. Just be mindful that price is so bullish and pullbacks will be a rough ride. 3. Possible demand zones for longs when we reach that levels
by Amr-Sadek
EURUSD 14 Nov 2023 Intraday Analysis - EUR ZEW+GDP - USD CPI DayThis is my Intraday analysis on EURUSD for 14 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m Before the analysis today, i want to mention that as per my analysis yesterday i was not interested in Shorting EURUSD, Instead i wanted to go long for the following reasons: We are in Pullback Phase on the daily. 4H Swing is Bullish and we may have finished the Swing Pullback and we are in the Swing continuation. 15m Swing is still bullish for me, so better to look for buys when price reaches some low POIs within the 15m Swing. As this is the CPI week for USD and market is waiting for this news. If the forecasts are showing lower numbers that means USD will be weak and there is a chance that EURUSD will run up. So if i can position myself with the structure and the anticipation of News prior to news day, and if news comes in my favor; i'll be riding a nice run. If not, then nothing much to lose. So i managed yesterday to position my self in and Long entry at 1.0673 based on the above knowing that i'm against the current INT Structure but in anticipation of maybe if price can hold the up side till news and news comes in my favor i can be holding a nice move. Current screenshot from my trade. 4H Chart Analysis 1. Swing Bullish INT Bullish OF Bullish 2. After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone. Price had swept the Liq below the 4H zone and we could be now targeting the previous high formed. Price is tapped into the 4H Supply zone and there is a probability of bearish move from there. But keep in mind that maybe the 4H Swing pullback is over and we are currently in Swing continuation. Will let the LTF (15m) guide me for the move. 3. 4H Demand zone could hold the price to continue up after sweeping liquidity on the left. 15m Chart Analysis 1. S wing Bullish Internal Bearish INT INT Bullish 2. INT Structure is bearish and we reached the last part of the the supply zone on the left that was formed from the bearish iBOS. Also after tapping into the 4H Supply, price reacted and formed bearish IN INT Structure but managed after to recover nicely which means that we still have a room to the upside. What i'm looking for is to have a break of the current Strong Bullish INT High in order for us to continue up. Failure to do so, will result in a deep push to the down side containing that INT Structure bearish move and maybe a deep pullback on the 4H within the bullish 4H Swing Structure. 3. The last unmitigated 15m Demand in this INT INT Structure to hold for possible continuation to the upside if we are going up.
by Amr-Sadek
6
EURUSD 9 Nov 2023 Intraday Analysis - Powell Speaks 2nd DayThis is my Intraday analysis on EURUSD for 9 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 2. After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone. Price tapped into 4H Demand and bounced creating a Bullish CHoCH and forming a fresh Demand zone that could hold price for continuation up to the 4H Supply / Swing High. 3. 4H Demand zone could hold the price to continue up after sweeping liquidity on the left. 15m Chart Analysis 1. Swing Bullish Internal Bullish 2. After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS. INT turned bearish confirming Swing High and the pullback started. After which we got a bullish iBOS which indicated that the pullback is over but we broken the strong low yesterday and price failed to continue down and we created again a Bullish iBOS. This behavior ob Bullish Bearish-Bullish is solid bullish indication and will keep me in the bullish side of EURUSD to target the Swing High or at least the 4H Supply formed when we started the pullback. 3. 15m Demand for possible longs as long the Strong INT low will hold.
by Amr-Sadek
EURUSD 30 Oct - 3 Nov 2023 Weekly Analysis - FOMC/NFP WeekThis is my Weekly analysis on EURUSD for 30 Oct - 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: Weekly Daily 4H Economic Events Weekly Chart Analysis 1. Swing Bearish Internal Bearish Reached Swing EQ 2. After the iBOS we expect pullback, price tapped into Liq and a demand zone which showed a nice reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish. 3. Potential flip supply zone to continue the INT bearish structure and Swing bearish leg But be mindful that the INT structure doesn't have IDM and the zone/CHoCH could be used as IDM and we will be in the Swing Discount. 4. Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down. Daily Chart Analysis 1. Swing Bearish INT Bearish 2. After BOS we expect a pullback CHoCH will be the first sign of maybe pullback is starting, price did a CHoCH confirming INT Low formation. OF still bearish after reaching the daily flip zone. Expectation is that we will continue the bearish OF but be mindful that the pullback will start at anytime. 4H Chart Analysis 1. Bullish Swing Bullish INT 2. Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting. Price pulled back to almost to the swing extreme and we would expect the 4H swing low to hold and we will target the weak Swing High. 3. 4H extreme demand is the last zone for price to mitigate if it failed at current price to continue up. This is the last option for longs for the current bullish swing. Economic Events for the Week
by Amr-Sadek
EURUSD 16 Oct 2023 Intraday Analysis This is my Intraday analysis on EURUSD for 16Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H 1. Bullish Swing Bearish INT 2. We are at Swing Discount, Most probably that swing pullback will start once we get a CHoCH 3. Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs 4. Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation 5. Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs 15m 1. Swing Bullish Internal Bearish 2. After the 15m BOS, we are expecting a Swing pullback which already confirmed by the iBOS. Current INT structure stil bearish, our expectation is that we will do Bullish iBOS to confirm the 15m Swing pullback is over and we will be targeting the Weak Swing High 3. Internal to Internal turned bullish to facilitate the Internal Structure Pullback Still bearish over all on 15m and waiting for Bullish Internal structure iBOS
Long
by Amr-Sadek
Ruble Where You Going ? Hi traders: With the tension between Russia and Ukraine, we can expect the market to be volatile and moving during an uncertainly time. As we know, USD is a safe haven currency, and here on USDRUB, we can see clear bullish price action on the bigger time frames. With many bullish impulse phases follow by bullish continuations, price is getting push up to all time highs. This is where usually price will consolidate, and potential to continue or reverse back down. For me, my personal options is leaning more upside and continuation up move. What we should wait for is some sort of bullish continuation correction on the lower time frames, to confirm the upside move. With the situation between the two countries may get worse, USDRUB could on route to a new highs. thank you
by jojofang0901
37
EURNZD - 08-12 Feb 21 Week Trade Plan EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Slightly Bullish - EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum. - The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that buyers are out yet. I anticipate that this could be the spike that EN does with each new low created. - Seasonality is not correlated with the current PA as NZD strengthen during Feb and created a pick now while Seasonality is showing ranging and a bit of weakness for NZD. I'll wait for this week to clarify a bit to confirm. - So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid formation above 1.7020 level. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - We have important news for NZD on Tuesday and Friday for Inflation and Business PMI also some news from China on Wednesday which also effects NZD. Daily Chart : Weekly Chart :
by Amr_Sadek
2