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Let The Price Develop Daily: Last week, the price extended higher until Thursday staying in the daily higher high range Friday's price closed lower potentially starting a corrective phase this week 4hr: The 4hr trading range is still bullish but has now started the corrective phase back into the 4hr volume profile POC, There is a bullish imbalance sitting around the 20,138.00 area that could act as potential support, but we would need confirmations for longs m15: Since the 4hr is in correction, the m15 is bearish, and we can see potential short-term selling. I will be watching 20,255.00 to 20,221.00 levels for shorts. Of Course, let the price develop overnight before the NY session when I will update to see if anything has changed. Since NQ and ES move in the same direction I will be monitoring for divergence or convergence between the two
CME_MINI:NQ1!
by martiedirect
XAUUSD⚡️FOMC Minutes eyed⚡️❤️MY FOREX TEAM❤️ INFORMATION Gold price (XAU/USD) holds above $2,000 during the early Asian session on Monday. US economic data suggests inflation is stickier than expected and prompted financial markets to dial back expectations that the Federal Reserve (Fed) would start cutting interest rates in June. At press time, the gold price is trading at $2,014, gaining 0.12% on the day. 💲BUY GOLD 1980-1985 💲 SL @ 1977 TP 1 @ 1990 TP 2 @ 1998 TP 3 @ 2009 💲SELL GOLD 2027-2030 💲 SL @ 2035 TP 1 @ 2020 TP 2 @ 2010 TP 3 @ 2000 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
2
Ethereum Most Important Support Zones - October 2021Reading high volume nodes during ETH uptrend move, we can see the most valuable zones where we might expect the price to bounce. The idea about these support zones is very simple, and we can see it after the trend move have happened or is happening. The institutions that created the current uptrend move have entered (accumulated) their longs positions in the high volume zones we can see in the chart. Meaning, if the price for any reason starts going down and reach these areas we might expect the price to bounce back (AKA support). Values are: - 3500-3600: October POC. Most important zone during October 2021. - 3100-3250: These zone was where the institutions have accumulated their longs that took the price up to $4300 (Aug/Sep 2021). - 2300: First accumulation zone in the uptrend impulse from 1900 to 3000. (Jul/Aug 2021) Hope this is useful for you. Happy trading!
by rodrigo.aprieto
GBP/JPY: Volume Profile AnalysisGBP/JPY: Volume Profile Analysis I received an email from a member of my Volume Profile Training Course yesterday. He was asking about my opinion on a resistance he found using Volume Profile. I really liked his level so I decided I will publish it here for you and say a few words about it. So, this level is an intraday resistance on GBP/JPY which he found on a 30 Minute chart using the Flexible Volume Profile tool. Reasoning behind the resistance On Thursday and Friday, there was a tight price rotation. Then, from this rotation, a strong sell-off started. When you look into the rotation using Volume Profile, you will see that there were massive volumes accumulated there. Those volumes were most likely positions of strong institutional sellers who were entering their short trades there. Why do I think it was sellers? Because of the sell-off that followed the volume accumulation. So, we have sellers who were accumulating shorts and then they started sell-off. What now? Now this place (133.10) became a resistance which we can trade. The reason is that those sellers who were building up their shorts there should defend this resistance when the price gets near again. This should drive the price downwards from this resistance. GBP/JPY characteristics GBP/JPY is in my experience a pretty wild, volatile and sometimes a bit unpredictable pair. For this reason I suggest to be cautious when trading this. If there is a spike move (a rapid price movement) going against this level I suggest only to use smaller trading position as the price could get wild here and overshoot this resistance without any reaction. If such trading level was for example on EUR/USD then I would not be so cautious as with GBP/JPY. I hope you guys liked today’s analysis! Let me know what you think in the comments below. Happy trading Dale
by Trader_Dale
1