Hello folks, we could clearly see a bearish flag formation on the daily chart. A bearish flag is a chart pattern that typically appears after a significant downward price movement in a financial instrument, followed by a brief consolidation period. The pattern resembles a flag on a flagpole, with a sharp decline followed by a sideways or slightly upward-sloping...
Hello friends, GBPUSD has been consolidating in a narrow range between 1.23376 and 1.20372. After a prolonged consolidation, a sharp, one-directional move usually presents itself. Since highs and bearish imbalances are being respected on both the weekly and daily timeframes, I expect a further downside move to take out buyers' stops at the 1.18 swing low....
BTC on 1D timeframe. There's an SSL and OB below, if the price reaches that OB, I'm buying and targeting the BSL above. BTC on 1M timeframe. Currently, the price is bouncing off of a bullish OB targeting the buy-side liquidity above and potentially could reach a mean threshold of the FVG which could be interpreted as a retest of the double top formation. In...
Hello folks, GBPUSD has cleared the BSL recently and left a ton of liquidity underneath. Price has acted bullish for some time with no meaningful correction. It looks like the current price action is mirroring the previous consolidation, fakeout, and an eventual bullish movement. Seasonally, the month of May is bullish for the dollar. I expect the price to at...
Structurally, the price remains bullish on the 1W, 1M timeframe. Price tapped into the old daily FVG+OB and swept the recent SSL on a news event. If the price breaks the 0.87 level, one could enter a retest targeting BSL above.
Hello folks, today I would like to give my opinion about the euro. As usual, the market is building liquidity underneath and going up out of nowhere, whilst leaving unmitigated bullish OB+FVG right before the FED meeting. I think the price will take out the old high before or whilst the FED meeting and reverse to the downside. I expect a low resistance liquidity...
Currently, we are witnessing a manipulative move to lure bears into a trap. From a technical standpoint, I think DXY remains bullish for now.
EURAUD is at the resistance zone. After taking out the old high I think we will see a selloff targeting clean lows below. Here's what I expect from EURUSD: Here's what I expect from AUDUSD: In conclusion, I think the euro will be weaker than aussie in the near term.
While other major pairs haven't come down into their daily OB, Aussie had. EURUSD: GBPUSD: From now I think AUDUSD will trade a bit deeper into the OB and consolidate for a while.
Hello folks, today I would like to give an opinion about cable. On the 1D timeframe after taking out the old low, the price reversed and trapped the sellers thinking it was a double top, basically reversing out of nowhere and showing bullish momentum coincidentally right before the FED and BOE meeting. For now, I'm looking for shorts targeting the bullish OB+FVG below.
Technical perspective: The price took out the SSL first and moved upwards to take the EQH above. And now it's approaching a bearish OB and closing a CME gap. We could expect the beginning of another bearish leg down or at least a correction from that resistance zone soon. Fundamental perspective or narrative for a crash: Recession and seasonality. So far we've had...
SSL was taken after the CPI and now DXY is heading for the premium arrays.
Hello folks, recently I gave my opinion on BTCUSDT and DXY, they are inversely correlated. Here's a DXY chart: Here's a BTCUSDT chart: Now, the price of BTCUSDT is at a crucial level. If it bounces right now, I expect the recent high to be taken and a reversal to the downside will occur. But, if it aggressively breaks below 21.3k I suspect we would see...
On the daily timeframe market maker is currently distributing BTC by manipulating and trapping the bulls, while simultaneously stopping out the bears. Nevertheless, we are in the premium market conditions and it's worthwhile to look for the shorts now, targeting the old low. Locally, looking for longs with a tight SL is advisable, targeting the recent highs.
Locally, EURUSD needs a correction to the upside and in case of a market structure shifts in a 15m timeframe, one could take a long position with targets mentioned on the chart.
The price has shifted gears and now is gaining a bearish momentum. However, since the price is in a discounted area, taking a short position is not reasonable. To take a swing short position one should wait for a retracement. The previous month's low will be an easily achievable target.
No, too late to buy. Is this a start of a bull market? No, it's not. The bottom is in? Nope, it's not. Why it's pumping? Who bought? Nobody. There were no sellers and thus market maker is offering higher prices to the willing sellers. Retail sell stops are getting triggered and whales are selling to those stops, whilst retail is in FOMO mode, buying those green...
Hello folks, here's a setup that offers a modest 1:5 RR, a bit risky though cause we have EQH resting above.