SPX Yearly bullish. but it needs to pullback to the last year's VA in order for us to look for longs on SPX. Monthly bullish but needs pullback to last year's VA / POC. once that happens, we can start to look for buyers to step in. a deeper pullback all the way to the main POC on lay 2.2 Weekly here too we have a zone that matches the one on layout 2.2 and...
UKOIL Yearly bullish. we had quite low volume traded on oil last year, that led to indecisive PA throughout the year. seems like we are about to observe a big move north in oil in coming year. Monthly we just closed above the yearly POC with VA all the way down around 77.341. from here 2 things can happen a. price can pull back all the way to the VA and then...
GBPJPY Yearly bullish with price trading within last year's VA Monthly bullish. looks good now that price has pulled all the way back to last month's VA and POC, ideally warranting an aggressive push north. Weekly price has just cleared yearly AVWAP. moved quite aggressively to the down side here even after the news about the rate cuts came in, this weekly...
EURAUD - yearly bullish, price has already tagged 12M VA and POC both and price got absorbed as it tagged POC. monthly - bullish, price tagged and got absorbed from Dec's POC and VA and is now struggling to clear the secondary POC. structure on the monthly chart suggests an incoming aggressive move to the upside. weekly bullish. coast seems clear for the price...
AUDUSD - Yearly - bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here. Monthly - bearish and opened inside last candle's VA so we can observe continued move down here. Weekly - bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down. AU can...
AUDUSD - Yearly - bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here. Monthly - bearish and opened inside last candle's VA so we can observe continued move down here. Weekly - bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down. AU can...
entered long here as price tagged and got absorbed around POC. could have been a better entry as price tagged S1 and immediately started to pull back to POC but quick absorption around it gave me confidence to hold overnight. I booked majority position around 1:1 considering position of CPR and AUD cash rate news due to come in 2 hours. Final target on EA....
These were 2 scalp short entries on SPX with the help of 5 and 1M chart too. price broke through POC and PD AVAAPs on volume after NY opened up so I went short. 1st entry was till Thursday's POC and S1. when price broke through that and held below the zone on volume, this is where I went in with max position for scalp.
closed almost exactly around POC so we might observe some tussle between buyers and sellers. so I would like to participate after price holds either side on volume. I see price settling below POC as volume is in favor of sellers. Also, if we drop down to origin, we can see price is right below POC which means there is high probability that price might come down...
In line with my JPY asset analysis. this is a counter trend idea. looking for price to hold this POC to take it all the way up to the November VA. very small trade to start with. will look to piece in if price confirms this idea.
volume is in favor of buyers so if price pulls back into Friday's VA and I see buyers stepping in , I'll look to go long on GC tomorrow.
- looking to go short on EG as price pulls to POC and then look for sellers to step in. ideally price pulls back to 0.83230 area which is origin VA and then look for sellers to step in. exciting play on EG will be to go fade this move up to POC + VA.
same deal as AJ. if price holds above POC on volume then I'll look to go long till POC above (173)
this is a tricky one especially on origin as we have volume in favor of buyers but trend is clearly to the short side. this could just be a pullback as confirmed by that sharp move down towards the end of week as price tagged CPR and 20 on qtrly chart. if price holds below POC on volume, I'll consider pullback complete and look to get involved in shorts.
if and when price holds below POC I'll look to go short. short term price can move up to test last week's AVWAP or November's VA
HTF looks good for short. we closed November with volume in favor of sellers and below POC. Friday's candle can be considered as a good impulse candle, meaning we can look to go short on EG when price pulls back to Friday's VA. and then if the volume holds, we can keep it going till S1. Origin - looks good for shorts. price just needs to pull up to last week's VA...
this closed above POC and we have 2 virgin impulse candles' VA that needs to be filled so based on just daily chart, it seems like price can go up to tag that VA and then drop down to POC. that will be my immediate bet. after that I will wait for price to settle down on either side of POC before making any decision. Origin - if we drop down to LTF and look at it,...