USDCAD Short between 8-10 May 2024 Appears like a promising idea, as demonstrated on the Chart.
AUD setting up for a mid-term LONG. 1. DXY is melting as stocks climb. 2. AUD has a seasonal and COT Bullish pattern which is aligned with Risk-Off wave. 3. Price action has been bullish, but displacement is yet to happen. 4. Technicals indicate that it can dip to current week open to do a stop hunt of price action, and then run to highs. 5. Bullish...
1. DXY in consistent uptrend supported by higher interest rates and geopolitical scenario. 2. Euro is in a consistent downtrend and still has room to reach its bearish extreme. 3. From last 3 weeks: During last week of September 2023 until 20 Oct 2023, consolidation in price action indicates accumulation. 4. Next step is expected to be manipulation and then...
0. USD Weekly uptrend 1. Descending Triangle 2. Elliot Wave 5 (Stop Hunt) 3. USD Strong Bullish Orderblock 4. USD Index Seasonal Bullish 5. Against the COT SIgnal 6. CHF Seasonal Bearish
Chart Analysis - considering Elliot Wave and Smart Money Concepts USDCAD is setting up for Short. 1. CAD has shown strength through weekly and daily impulses (USDCAD down moves). 2. There is strong bearish orderblock (supply zone) formed on 24 March 2023. 3. Price has followed Elliot Wave Pattern terminating 5th wave at 1.3740. 4. Price is forming an...
Overall June and July ranging markets are expected to continue. 1. DXY mid-term strength is expected as presently in corrective mode and expected. 2. AUDUSD downtrend is expected to resume after the present wave of correction. 3. There is a strong weekly, daily and H4 supply (-OB). 4. Subject to the swing entry pattern, it can provide at mid of daily supply...
Overall Context: I expect a range-bound market in EURUSD in terms of seasonality during summer May-June and USD weakness in the mid-term. EURUSD Short idea: The price has started to move lower during last two weeks. This short-term downward trend is expected to continue. The idea has following confluences and key points. 1. The idea is to play the H4 bearish...
Below is my anticipation on EURUSD Orderflow: 1. EURUSD Trend is clearly bearish in the mid-term (next 2-4 weeks). 2. DXY is getting stronger, with anticipated climb upto 105.20 3. EURUSD after a profit taking impulse upwards on Friday 17 February 2023, shall show signs of corrective climb upto my area of interest i.e. 1.0770 (my area of interest). 4. Key is how...