CityTradersImperium_CTI

CityTradersImperium_CTI

On the 4-hour time frame, GBP/CAD has displayed a bullish momentum, indicating a potential upward movement toward the supply zone above, possibly even reaching the top-level resistance. Should the price intersect with the most recent fresh demand zone below (indicated in blue), it could present an opportunity to initiate a buy position, provided the bullish trend...

CityTradersImperium_CTI Updated 

Observing the chart, we note that the supply zone above has been repeatedly tested by the price. Consequently, this supply zone has transformed into a resistance area, rendering it less favorable for considering a sell position if the price retests this level. At this juncture, it's prudent to monitor whether the price manages to breach the supply/resistance...

CityTradersImperium_CTI

In this 4-hour chart of USD/JPY, we observe the recent decline forming a bearish Quasimodo pattern. Following a notable uptrend characterized by successive higher highs and higher lows, the price experienced an abrupt drop, giving rise to the Quasimodo level. This development suggests an increased influence of sellers in the market. Now, our strategy entails...

CityTradersImperium_CTI

"Observing the GBPUSD on the 4-hour timeframe, it appears to be positioned between two noteworthy levels warranting consideration for potential trading positions. The recent peak from the last bullish surge doesn't appear to signify the ultimate culmination. It's more probable that the price is inclined towards reaching the higher supply level. Thus, if the price...

CityTradersImperium_CTI Updated 

For this week, we're expecting EURUSD to keep its downtrend until Thursday where there is EUR Interest Rate event, which could be a catalyst for a Market Reversal on Thursday. However, from Monday to Thursday Morning, I'm expecting a continuation of the downtrend to clear last week's lows and potentially clear the low at 0.9860.

CityTradersImperium_CTI Updated 

In previous post I shared my interest in a long on Euro. However, GBPUSD seems to be the stronger one between the two based on recent price action on EURGBP. Looking at GBPUSD, It stays in a bullish scenario as long as long as price doesn't fall below 1.2474. However, on an intra-day basis, i'm looking for GBPUSD to stay strong and break above today's daily high...

CityTradersImperium_CTI Updated 

So coming back after a long break from trading. Today i'm interested in longs on euro so far. I'm staying bullish as long as euro stays above 1.06634. However, I'm looking at two levels to go long on euro. it's either below the 1st intraday low at 1.06951 or below 1.06609. I prefer the 2nd low to be taken out before going long as it would have a greater...

CityTradersImperium_CTI Updated 

Since the big rejection last Thursday, this meant that euro is looking for a bigger retracement before breaking the big daily range that has been in place since December 2021. For now, we are looking for a small short term sell opportunity towards until it runs the liquidity area at the equal lows (red line). Then from there I will be looking for potential buy opportunity.

CityTradersImperium_CTI Updated 

FX:EURUSD has reversed and is now in a Bullish Strong Uptrend. We are looking for longs anywhere above 1.1365 and targeting the equal highs at 1.1480's.

CityTradersImperium_CTI Updated 

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