Hi all Last week, the price recovered from the previous resistance level to settle at 104.216. So I'm expecting USDX to test the next resistance level next week. If the next resistance fails to break through, the price may go back to the previous support level or LOWER Let me know what you think In the comments! **My trading strategy is not intended to be a...
hi all GOOD LUCK **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
hi all HIGH RISK and HIGH possibility an unsuccessful setup rejection at 50% retracement... waiting retest **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
same with EURUSD wait for rejection 23% fibo ( very weak correction ) Previous buy entry Partial close and BE+1 **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
hi HIGH RISK and possibility an unsuccessful setup expecting double bottom & FOMC long EURUSD waiting for a rejection at 38% 50% fibo retracement RSI below 50 Previous buy entry Partial close and BE+1 **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for...
Hi all Gold has risen to a high of 2067 and has broken through weekly resistance to set a new low of 1982.9 before retracing 50% of the previous week's gains. As a result, last week closed at 1885.5 and broke previous low resistance at 1892.9. This week, I'll be watching for price activity and rejection at 50% or 61.8% before choosing whether to enter the...
hi all Similarly to the eurusd, I'm looking for a 50% or 61.8% fibo retracement for the gbpusd.
Hi all The eurusd broke the weekly support last week, and I'm expecting a 50% or 61.8% retracement. BUT Since the daily timeframe likewise had a 50% retracement from the LH to LL, I monitor any potential rejection on the 38.2% weekly fibo. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of...
For now seems like UsdJpy is going to go up. On daily having a strong move up and broke the resistence making a BOS. Going lower on 4H and see that uptrend is here too. Same on 15M too. As long the price don't go below: -145:843 (last low) on 15M -145.10 on 1H - 141.513 on 4H The up trend is likely to happen. If we see those supports broken (specially 4H one)...
Posting a quick update here on the SPY as a lot has transpired in financial markets over the past few months. The SPY has been driven by buyer volume and momentum. Prime examples include but aren't limited to, NVDA-reported earnings, following the existing hype surrounding the AI Sector, which for lack of better words, has created a bubble in itself by only...
hi all Weekly summaries: Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks. So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long. In the elliott wave chart, I think the price is in wave 4...
LONG-TERM Buyers around 1.3500 were in great loss previously! psychologically most of them will close their long orders around the place they have entered! Shorter term buyers seen their SL hit! The broken OB- was a great liquidity hunt trap for traders with small SL. NOTE: FOMC members Bowman and Harker speaks could have almost small effect on market. follow it...
Hi all.. This is my forecast for xauusd; I see resistance at 1973.160 after many rejections on that level. On the high low structure, I believe we have a double top pattern. so I'm shorting gold for a 50% retracement as long as the price doesn't close over the 1987.530 level. Let me know what you think In the comments! My trading strategy is not intended to...
After finally retracing, the lithium sector is starting to look ready to breakout with buyers starting to step in. Watching LAC & PLL closely here as both are holding massive falling wedges, however, PLL is seemingly forming an ascending triangle as well on its weekly timeframe (See Attached Chart Below). Additionally, PLL is holding the same falling wedge on the...
Watching LAC & PLL closely here as the lithium sector heads into earnings. PLL is seemingly holding the same channel after breaking out and retracing back to the channel it's currently holding. PLL is holding the same channel on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and...
We have 2 zones to look for potential intraday and swing trades from, The market reacted sharply on the daily high, showing the presence of sellers in the market. We could continue bearish if Gold fails to respect either of these buy zones on the Daily timeframe.