Hi Traders! Forex Weekly Recap for 24–28 July, 2023: Fundamentals The Bank of Canada (BoC) released its minutes from the July meeting, and the key notes were: They agreed that they were prepared to hike further if needed, but noted that they did not want to do more than they had to. Core inflation measures suggest the return to their 2% inflation target will...
I am back with another weekly analysis for Bitcoin. As the month ends, there will be large volatility in this trading week which is great for us traders. This week I am looking to short BTCUSDT at $20850. I am anticipating a nice dump to around $19500 price level where there is a strong Bullish Order Block. Below are my confluences for this trade setup: - Price...
Cardano still in this consolidation since May 2022. But, this it's not an accumulation zone, I see that bulls are trying to fight, but bears are taking control into this downtrend. And remember that FED it's very crazy to tight the interest rates and value of U.S. Dollar, what we expect a major crash in ADA. So, I look first that this it's a re-distribution zone...
I'm analyzing XRP from weekly timeframe, and I believe that XRP it's in the clearly bear market. Also, I'm very attract in this cryptocurrency as this it's one of my first crypto to buy first as XRP would put the price very cheap to bought a lot XRP, at least for me. But in my personal, I'm using a broker that you can to use cryptocurrency as collateral and you...
Cardano look bearish in weekly chart as we see that we're in the bullish correction before to continue drop. But we hope to find down a good opportunity to short ADA, I believe that it's not far to reach down $0.17 cents, but this it's some possibility to happen. But Cardano could to reach down to $0.27 cents in the next weeks to see. Also guys, buying Cardano...
Cardano still in this bearish trend that could to reach down to $0.24 cents as possible good point to start accumulate this cryptocurrency by long term. But I believe that we could to see ADA around $0.24 cents in the end of this bear market. Right now, Cardano it's above in the support #1: $0.41 cents and important key zone to watch, in case that Cardano get a...
Price is on a downtrend. Seems like a wyckoff accumulation schematic has started with a change in character. However, price has created sell-side liquidity with a bullish POI nearby. I'm expecting a short term bearish move to take the liquidity and tapping into the bullish POI before we see any uptrend.
Price is on a downtrend. Price is building sell-side liquidity once again. Price has left sell-side liquidity from Mar 2021 - Jun 2021, sitting a lot of stop-losses. I'm expecting price to drop towards the bullish POI below.
Price is on a downtrend, currently at a bullish POI. I'm expecting price to rally from here, taking out the buy-side liquidity created above. However, I do note of the fundamentals for this company and there is also a probability that price can take out the lows at 31.30. I'm leaning towards the bullish price movement.
Price is on a downtrend. Price has just tapped into a bullish POI. I'm expecting the price to do a short-term rally into the bearish POI at 181.22 area before continuing with the bearish trend.
Price is consolidating and is in a wyckoff accumulation schematic. Price is trying to break higher high. Expect price to break above AR at 792.63 and push lower taking out sell-side liquidity being built.
Price is on an uptrend. Price has taken liquidity above 23.98. Expect price to retrace down to bullish POI.
Price is on an uptrend. Price took liquidity and stop hunted the highs at 5.97. Price is unable to close higher. Expect price to retrace down to bullish POI.
Price is on an uptrend. Price took liquidity and stop hunted the highs at 124.11. Price is unable to close higher. Price has been building sell-side liquidity on its way up. Expect price to retrace down to bullish POI.
Price is on a downtrend. Price is hitting a bearish POI. Expect price to continue downtrend from here. We might see price starting phase A of wyckoff accumulation schematic.
Last week, Gold broke the overall downtrend to begin another bull run. So now we gotta see will this bull trend Continue back up to the weekly zone around 1757.72 area. I'm actually wondering if we can break that zone if we make it back up there. Right now, I wanna see if we will retest at the daily 1722.97 zone for continuation, or will take another plunge. So...
This week market on EURUSD remains bearish and before the bearish shark formation forms, we have a sell zone right before it. The Cyan triangle indicates a bullish butterfly on the daily chart which completes at 1.1116 and is still too early for me to look at it. Follow us on our facebook page to watch the video version of this analysis.
On the daily chart the market break above and close above the Resistance(Red Line) but on the 2nd candle it closed below. Hence, EURUSD on its daily chart hasn't formed a bullish bias yet. However, on the 4-hour and 1-hour chart, the bullish bias has been formed. Based on the 1-hour chart and how most trend following trader trades, the green zone will be the...