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Tuesday

NQ Could Potentially Purge Tuesdays's Lows? Price looks like it's heading towards Tuesday's Low. We don't have any major news today so I'm not expecting huge movement but, from what price has shown me, it looks like the next draw on liquidity is Tuesday's low. After price entered and respected the Weekly Imbalance, it displaced lower with energy and retraced back to the 4-hour order block that was responsible for that displacement leg. The first 4-hour order block was respected and price, again, pushed lower creating another 4-hour order block. Now, it looks like price is drawing towards that second 4-hour order block and if it respects that level, then I would like to see price run lower and take out Tuesday's Low. I am not a financial advisor. Trade at your own risk. I am only sharing my ideas and predictions of what price could do and I could be 100% wrong. Stay safe!
CME_MINI:NQZ2024Short
by INVYZNN
OIL: Monday closed as First Red Day Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Yesterday, Monday, the market broke through the previous HOW and failed, closing the day as a first red day. Since the last Wednesday the market pumped up and now look like starting the backside move of a big template of pump and dump DAILY TEMPLATE (15min chart): Asia and London session mostly dumped all the day, breaking the current low of the week THESIS : In the short scenario this market can go fo a range expansion, targeting the previous LOW, it would be my main trading opportunity. In the long scenario, considering money on top at the HOW, I would be targeting the yesterday CP(HOD) or current HOW if strong momentum is presented. SETUP : Short: pump at least into previous LOD(LOW) Long: Low in place, consolidation for 30/45 min and second/third hour NY session reversal Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:SPOTCRUDE
by GianniPichichero
10
USD/CAD - 02/11/2021USD/CAD (H4) - Still not left this consolidation but price is showing very bullish. I will still be waiting for the break of 1.24030 to look for anything major but we do potentially have a nice trade for a small R that we can take up to resistance. USD/CAD (M15) - Price has broken out of resistance of 1.23847 if we get price retesting this level then we have a 18 pip rang where we could squeeze a 1:2 up to that H4 resistance but we need that retest first.
Short
by Official_VIFX
GBP/USD - 02/11/2021GBP/USD (H4) - weak break out of support of 1.36713 and price has found new support of 1.36510. We have formed and hourly double bottom but I don't believe this will hold and price should follow suit bearish with GBP/JPY. Just need to wait for the break. GBP/USD (M15) - Very messy structure here so just bear with this one. Try avoid the noise and just look for price tapping back into 1.36478 and look for the break for sells as this would be the break of H4 support.
Short
by Official_VIFX
GBP/JPY - 26/10/2021(H4) - GBP/JPY currently bullish in that pullback phase. I will be interested in seeing how price reacts to 156.869 to begin completion of this break and retest pattern. If we do close above we could look for reversal buys but the R:R wouldn't be the best and we would be trading against HTF structure which is bearish. (M15) - Due to GBP/JPY being in this bullish phase, to effectively trade this break and retest and give ourselves the highest probable entry we would need to see a few things: 1) price to come into 156.825 and start to reject. 2) price to then gain heavy momentum off this level with wick rejections showing an attempt and failure to break 156.825. 3) We would then need to see price break and hold below 156.633 to show the sellers have full control.
Short
by Official_VIFX
1
USDCAD elementary trading structure Base on our expectation yesterday, we expected the USDCAD to obey an ICT trading pattern then go bullish but unfortunately, yesterday’s market decision shows that USDCAD is critically obeying an elementary trading pattern. USDCAD is critically following a trend line with a good market structure of higher highs and lows. The structure structure of the market is giving us a more highs from USDCAD this week. Then, we’ll calmly wait for the USDCAD to obey the trendline for the very last time and form a bullish engulfing before entering the trade.
Long
by Bolems
GBP/JPY - 19/10/2021(H4) - GBP/JPY currently consolidating, I am expecting price to continue its bullish momentum up to 157.342. We will see how the candle closes for 06:00 (M15) - Strong bullish close into M15 resistance of 157.180 showing good signs of continuation up to 157.342 Usually when we consolidate like this on resistance we do usually see and explosion in price to the upside so lots of confluences lining up here. Unfortunately, the range isn't the best for entries so we may have to wait for the closure into H4 resistance.
by Official_VIFX
USD weakness?Are we going to start seeing some USD weakness come into the markets for the week? USD/CAD still consolidating within its range from the analysis posted on the weekly outlook so I cannot confirm a general market direction however, we are looking bearish as we push into that support area around 1.25793 With all the USD cross pairs breaking and closing above resistance as shown with the EUR/USD example we could start to see a sell off some time during the week. Eyes are peeled on buys for GBP/USD, EUR/USD & AUD/USD! Let me know your insights below.
by Official_VIFX