Market Conditions: Low volume due to perceived negative sentiment in market. Higher Interest rates indicating less money available in market, failure of crypto markets also have increased downside pressure on the indices. Directional Bias: Overall bearrish market structure forming lower lows and lower highs Areas of Interest: Imbalance in market that created lower...
JPY showed an amazing rally back to the highs, and served as confluence for this trade. on the 1h price created a level in the market, and broke the lower low. this entry is also based off of the momentum of the second lower low being created in the market. Targetting previous high in the market
Took this sell entry based off of the performance of USD. Today the dollar broke back to the highs of the range, and cryptos looking very bearish at the moment in comparison. Also nice to see was the structural change for eth, after price gave double top at the lower high, also got confirmation with new lower low structure created after the double top.
Loving this stock for 2 reasons. Great Fundamentals and Actual Growth potential. Looking to buy after this structural break on the daily. Looking at a very strong uptrend, that is validated by this next break of structure.
In addition to XLE, CPE will also be seen as bullishness due to the overall sentiment for USOIL. Expecting significant bullishness due to break of daily high, and now the break of the smaller daily structure confirmed the bullishness in the market.
Taking XLE buy based on sector performance and nice technical analysis. Usoil has been pushing bullishly with high volatility in the summer, increased travel, and typically higher gas prices in summer months. expecting significant increase through rest of 2020. overall had nice textbook break of weakly high. price created a bullish structure above highs and...
Looking at crypto markets I am somewhat biased toward being a bit bullish due to numerous fundamental factors. This creation of the range at the bottom of a downtrend is an indication that bearish sentiment is waning in the market. a breakout back to the highs will indicate long term bullish sentiment taking over and i'd target the highs. If price begins to fall,...
Looking for continuation of bearish trend on the US dollar. Price last week created a signifcant lower low and has a high probability to drop and continue to the low. Looking for 3 potential situations including a very impulsive break of the low and continuation of the trade.
Eth rejected from the lower high area and potentially may form a range and tap the low now that LL’s have been created on the smaller time frame.
Very clear bearish break of structure to the lows. I will be lookin to see if price sill come back and respect this area with a retest.
Gold is in a short term bullish structure on 4H, yet on the daily we are still in a sell bias structure. This range of Gold shows 2 things. 1. Exhaustion in the Market 2. Opportunity for trend reversal. I will need Gold to definitively break out to one direction before entering market. Looking at the dollar, i'm somewhat biased and looking for sells primarily.
Looking for continuation of bullishness due to impulsive break of the range, i'll be looking for price to either come and retest the area before pushing higher, or create a structure above range to buy from.
CadJpy has remained bullish as of this week with the creation of a potential hh. Due to positioning of correction and formation of range at the highs, I'll need price to clear the structural range on the 1h and the 4h/daily high. I am biased toward the long position due to current move, so i'll be anticipating bullish break.
Looking at XAGUSD very similar to xauusd, the metal is playing a nice range in the market. Price has tested this area of major liquidity and established but rejected. I'll be looking for price to make a decisive break through this structure before looking for entry.
GBPUSD I am also looking for sell continuations. Last week we saw major continuation of sell structure, but if price breaks back into range, i will not look for entry. Looking to see confirmation at this level to consider a retest.
XAUUSD has essentially been playing a nice range ever since price tumbled last week. I'm currently bias and looking for selloff on gold in continuation with overall bearish structure. If price can conclusively give a nice break of this structure, i will look for entry back to the lows.
Eurusd is playing exactly the opposite of DXY and gave a nice break of the lows. Price is potentially creating a structure to continue selloff. Looking to see where price will exhaust and continue to push lower.
Looking at the DXY, we have confirmed bullishness for the pair with the creation of higher highs and lows in the market. Now that price has broken highs looking to see price test the previous high broken before continuation of run to the upside. If price decides to tumble lower, I'll be looking for price action at the higher low area.