Chetan_alpha

Chetan_alpha

EUR/USD ANALYSIS USD factors continue to dictate terms for EUR/USD. Mixed signals from ECB speakers highlight uncertainty. Rising wedge remains relevant on daily chart. EURO FUNDAMENTAL FORECAST: MIXED Friday saw the euro slip back below the 1.05 handle after better than expected Non-Farm Payroll (NFP) data which reinforced the tight labor market in the U.S.....

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An order block appears after a strong uptrend or downtrend. Then the order block looks like a bottom or top. Price escapes the order block with high momentum breakout, or it results in a reversal of a trend. Price should not remain held in the order block for a longer period. For drawing a bearish order block, simply mark the high of the rally and the recent...

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Order block is a market behavior that reveals the pile-up of orders by large entities. In forex, the order blocks are used by the banks to split their big orders into small chunks so that they get their orders filled at better prices without disturbing the market equilibrium. Order blocks are the same as supply and demand zones, but they are rare, and they can be...

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For big institutions and traders with a need to fill large orders, finding pockets of enough liquidity is absolutely essential. A market’s liquidity has a big impact on how volatile the market’s prices are. When these big players take positions in the market, they obviously aim to be filed at the best possible price. However, given the size of their positions,...

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USD, Gold, EUR/USD Talking Points:This morning brought the release of CPI data out of the US for the month of October.The data came in well-below expectations, with Core CPI coming in at 6.3% against an expectation of 6.5% and headline CPI printing at 7.7% versus an 8.2% expectation.This has led to a massive move already, with an instant fall in the US Dollar that...

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The dollar advanced against several major currencies on Wednesday, as results so far for the midterm elections showed little evidence of a "red wave" resounding Republican victory that some expected, leaving investors to focus on upcoming inflation data. A stronger showing by Republicans may have backed the idea of less fiscal support and potentially a lower peak...

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EURUSD has gathered recovery momentum and advanced toward 0.9800 in the early European morning on Friday. Later in the day, the October jobs report from the US is likely to impact the US Dollar's (USD) performance against its rivals in a significant way and drive the pair's action ahead of the weekend. The sharp upsurge witnessed in the EURGBP cross on Thursday...

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The number of traders net-long is 15.29% lower than yesterday and 27.32% lower from last week, while the number of traders net-short is 11.92% higher than yesterday and 18.56% higher from last week. The decline in net-long position comes as USD/CAD trades to a fresh weekly high (1.3808), while the rise in net-short interest has fueled the crowding behavior as...

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The US crude oil benchmark, also known as Western Texas Intermediate (WTI), climbed sharply following the release of US employment data, which exceeded estimates, while the Unemployment Rate shows easing signs in the labor market as the Federal Reserve expects. At the time of writing, WTI exchanges hands at $91.70 per barrel after hitting a three-week high at $92.55.

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The rate of silver is susceptible to conjecture and supply and demand. The silver price is closely followed by traders due to its potential for volatility, as well as the metal being a viable hedging option. It often tracks the pricing of gold due to store of value demands, but the ratio varies. Use the silver historical chart to follow the silver spot price...

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A specific area which is formed before the buy sell trend, you can understand like this last buying move before sell is called Bearish Order Flow. Same rule applies in buy condition that last selling Move before buy is called Bullish Order Flow.

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Change of Character is formed when the price mitigates a supply or demand and breaks the first recent Minor/Major structure High/Low, it is called ChoCH. CHoCH and BOS may look a like in appearance but there is a lot of difference between these two. Bos are formed only in trend continuation whether trend is Bullish or Bearish . CHoCH becomes only on the...

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Trade set up For sliver . 1) Sideways Market (Retailers Trapping) 2) Fake Breakout ( POV : Retailers its a breakout and retest blah..blah..) 3) Big players sudden up move 4) HOW to enter in this move show in chart

Chetan_alpha

Trade set up For sliver . 1) Sideways Market (Retailers Trapping) 2) Fake Breakout (POV : Retailers its a breakout and retest blah..blah..) 3) Big players sudden up move 4) HOW to enter in this move show in chart

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Channel trading is an underrated chart pattern trading method, used in the continuation of an established trend, as part of a trend following strategy. The channel offers traders precise points of entries and exits from the market. A channel forms when price action controlled by two parallel trend lines tested each of these lines at least twice.

Chetan_alpha Updated 

Change of Character is formed when the price mitigates a supply or demand and breaks the first recent Minor/Major structure High/Low, it is called ChoCH. CHoCH and BOS may look a like in appearance but there is a lot of difference between these two. Bos are formed only in trend continuation whether trend is Bullish or Bearish . CHoCH becomes only on the...

Chetan_alpha

The best time to trade the Quasimodo pattern is after a significant rally or sell-off no matter the time frame used. All chart patterns are fractal in nature meaning they generally appear in various forms in different time frames from the daily chart down to the 1-minute chart. This is great news for traders who trade across multiple time frames. The existence of...

Chetan_alpha

A specific area which is formed before the buy sell trend, you can understand like this last buying move before sell is called Bearish Order Flow. Same rule applies in buy condition that last selling Move before buy is called Bullish Order Flow.