GBPCAD is rising.GBPUSD is rising from support and E-POI.
Support is between 1.79018 and 1.78803
E-POI is between 1.79119 and 1.78884
Entry point :- 1.79307
Take profit :- 1.80226
Stop loss :- 1.78400
Suppplyanddemand
$DIS | Allocation | Market Exec |Technical Confluences:
- Price action has bounced off the Demand Zone and a Short-Term Trendline
- Price action seems to be strongly supported at these levels for now
- Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension
Fundamental Confluences:
- Disney has a strong moat in the entertainment industry, driven by its vast portfolio of iconic brands, intellectual property (IP), and global reach.
- Earnings are recovering with growth potential in the their streaming services via Disney+ and further expansion of Disneyland parks in China
- FCF has not been good recently due to debt repayment, park expansions and streaming content investments which will target further revenue growth
- Development in it's streaming content and reinstatement of dividend announcements should be monitored
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Have allocated this into my portfolio previously and will be looking to hold this for the Long-Term at least to the 150% Fibo extension range.
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GBPUSD Potential longGU gave a pin rejection from the demand zone indicating sellers weakness and a possible buyers takeover to hunt the buy side liquidity at 1.31409.
XAUUSD | Market outlookThe XAU/USD pair shows a corrective decline, retreating from the record highs of March 2022, updated the day before. The instrument is testing 2010.00 for a breakdown, waiting for new drivers to appear on the market. Investors are in no hurry to open new positions in anticipation of tomorrow's publication of the March report on the US labor market, which may significantly affect the future monetary policy of the US Federal Reserve. Current forecasts for the May meeting of the regulator are ambiguous and almost equally imply both keeping the interest rate unchanged and its further increase by 25 basis points. One way or another, the pressure on the American currency is increasing this week with the publication of uncertain macroeconomic statistics. The day before, a weak report was released from Automatic Data Processing (ADP) on Nonfarm Payrolls, which reflected a drop in the indicator from 261.0 thousand to 145.0 thousand, with a forecast of 200.0 thousand. The Services PMI from the Institute of Supply Management (ISM) was also disappointing, falling in March from 55.1 points to 51.2 points, which turned out to be noticeably worse than expected at 54.5 points. The instrument, in turn, is supported by the declining yield of US bonds observed since the end of March: 10-year Treasuries are trading at a rate of 3.2940% after opening at 3.3480% at the last session.
A THREAD ON DEMAND & SUPPLY ZONEIn this post I explained about SUPPLY & DEMAND ZONES and how this supply and demand zones work in TECHNICAL & PSYCHOLOGICAL WAY'' for trading & investing
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
Gold long ideaGold is currently trading at $1759, the highest level since August 18 amid US dollar sell-off. The next resistance level for XAUUSD to break is $1770. It would open the path to $1800 psychological mark. On the downside $1755 and $1745 would be the next target for the bears. A convincing break below would accelerate gold slide to $1730, the previous month's high. Michigan Consumer Sentiment will be released later today during the US session which will have the impact on Gold and the USD.
EURUSD...4H bullish view..After breaking daily down trend and formation of 4H uptrend as a short term pullback ..we may see some consolidation below the current resistance level before breakout and up move up to the next supply zone at 1.01070 level.safe entery after breaking the current strong resistance to be in good R/R ratio short term long trade...be safe...
USDJPY BUYUJ has finally mitigated the D demand zone. Once it did that it made an H1 ChoCh and will most likely go back up to the high of 152.000
My entry here is straightforward. A BOS Pullback in an H4 zone refined down to the H1 candle that caused BOS. My stop Loss of 67 pips just below structure with my TP up at the daily highs.
I anticipate to swing trade this and add on multiple positions. Once the price reaches 148.500 I will take partials and move my SL 2 BE
EURAUD SHORTI do expect bulls to take over on bigger TF. However it looks neccessary to clear the internal liquidity marked on this chart. Price has shown compression to mt 15 M IMBALANCE where i expect to see prices going lower. 1:5 RR possible trade. Please check out my other posts tagged to this one and leave comments if you like the type of content I post. Great day.
NZDUSD - Bearish BatThe Bearish Bat Pattern has been completed. If you are a season Harmonic Pattern Trader, you might be looking for the PRZ, however, in this setup, it doesn't exist as the 3line converge at the same point. What's even better is there is an RSI Divergence upon the completion. I've placed a sell limit order to engage the trade.
US30 Outlook! Let me know your thoughts! US30 - broke structure to the upside on the Daily, looking for price to continue bullish towards the .886 of the shark before dropping and swiping the liquidity it's been building for the past week, before continuing up towards the supply, consolidating before breaking above to the next D point of the shark the 1.13 before returning to previous broken supply using it as demand to push to the final weekly demand zone/swing high to clear all previous imbalance before potentially continuing down!
This is just an outlook, would love to see your ideas too!
EURGBP LONG Almost ready!!!!!! We can see on the 4HR that EURGBP has started a new strong accumulation phase with series of HL & HH. We will want to be involved in this institution buys when price pulls back into 0.83200 Areas, and hold this trade into 0.85000 if not more. RR on this trade is 1:6.8RR.
Fundamentals:
GBP: Retail sales in the UK dropped 1.4% mom in March of 2022, following an upwardly revised 0.5% fall in February and much worse than market forecasts of a 0.3% decline, as affordability starts to weigh and consumers spend less due to rising prices.
EUR: In Europe, the case for rate hikes as soon as July gained support following several hawkish comments from ECB officials, most recently Luis de Guindos. Meanwhile, caution prevailed ahead of the second round of the French presidential elections this Sunday, with incumbent Macron leading polls.
Gold trading plan over 650 pips completedSummary
Price was grabbed liquidity below 1784 then go upward to test previous week high.
We had long positions from last Friday and we also were entered more long positions at 1802-1803.
See previous posts below.
This week, we had some scalping trades so we didn't posted on TradingView. They were intraday trades in small time frame.
Do you want to see more precision gold trading plan?
Potential Shark Forming 🦈🦈GBP/CHF - Strong S/D zone broke with a nice BOS, zone has been retested, we've had very nice rejection on the LTF so I'm predicting this level will be the new support zone and we will see the bulls take over from here!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
You Can See A Lot On Just 1 TimeframeWhatsup Family
You don't necessarily need multi timeframe analysis to succeed. In this video I will show you how you can use just the 1 hour timeframe to view the market.
Candlestick patterns
Order Flow
Time & Price
Mitigations
Order Blocks
Smart Money Concepts
Chart Patterns
Support and Resistance
Supply and Demand
XRPUSD Daily Breakdown Wed.Dec.15.2021Please like and comment as it pushes me to keep creating content on pairs and my bias on it :) -This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
Woah! GME closed above 213.52 Now what?Just a follow up to November's outlook. It is interesting to see the price playing out as anticipated. I could say "predicted", but don't want to sound like a D_ck! 😁 So let's see if price gives some clues as mentioned going forward. Dam! If I am right for a third time in a row I may just have to write a price action book or something 😅 Be well and happy and safe holidays my friends. Peace out!
EURUSD > Can Wee See a Bottom Here!?Analysis on #EURUSD
I know many do not like to see analysis on the weekly chart but remember because of checking the weekly chart I was able to know the EURUSD is going to 1.1200 in my previous post "link below this idea", but please read carefully.
The market now came and tested every strong demand structure zone and am expecting the market to really up from here but still, I am looking for a confirmation on the daily time frame.
I want to see the buyer are interested in this level, if I get this confirmation I will then drop to 4h time frame to look for a rotation pattern before getting in a buy trade.
we all know the dollar is strong recently and if the bond yield manage to break above its recent high I will not be interested in selling dollars
like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
>>“ Success is where preparation and opportunity meet." TradingAxis
Ramblings of a Chart reader - Liquidity and Trade ModelsAs mentioned in the video, it is important to have a quick look at the weekly chart as it often gives clues on the potential direction for the up and coming week. At least this is how I see it. I discuss the concept of compression and how it offers some nice clues as well.
Credit to influences: ICT and RTM.
weekly resistance was broken look at the rallyyyyyyyyyyyyyy important zone is here.
Join buy position
