SerpentForexClub

SerpentForexClub

I have to admit, I expected more volatility. It seems that uncertainty is too high, because of the SVB failure. Price is ranging and totally not moving Overall very small profit for today - not satisfied. Tomorrow is a new day, meaning new opportunity. The preparation you can see on the chart below. (click to see the full chart)

SerpentForexClub

I am expecting a bullish continuation. Price formed reversal pattern 2 weeks ago and last week was just a retracement. NFP moved as I estimated and confirmed the rally. Macroeconomics The most recent decline happened, because J.Powell said that we probably will see higher levels of the interest rates. Last month the readings were very inflationary....

SerpentForexClub

My bias was confirmed. Sticked to the plan and made some money. The preparation: (click to see the full view)

SerpentForexClub

Gold was manipulated to the upside and I am expecting continuation. If you missed the buy, probably there will be a retracement, so try to catch it. Price went up, as I expected but too early. Last week I expected price to clear some sell side liquidity before turn. As always Gold surprise us. Macroeconomic Macroeconomics did not change. Readings are still...

SerpentForexClub

Price almost reach the 1800 area, which is very important area. Price is consolidation around this area for last two years. Thats why I think Gold will react in this area. Also the timing fit for a reaction. It is a new month, so we may see bullish move, forming the wick of next bearish monthly candle. I have to mention the long-term moving average. MA is...

SerpentForexClub

EU bounced from the lower band of the channel, logically we can expect the upper band to be met. This level also lying up with the monthly pivot points confluence. The trend is bearish, so further updates will be required, when price reach this level. Top-Down The doji week, could bring some bullish moves. But for now the main trend remain bearish. ...

SerpentForexClub

On Firday I called a reversal, and price moved exactly I thought, even a bit higher . " today we have all confirmations for reversal: 1) monthly LQ was taken 2) there is only one week to the end of the month 3) friday very often price reverse 4) gold moved very much at the end of the trend - big chance for exhaustion 4)surprise big movement at the Asia, when a...

SerpentForexClub

Price was not reacted as I thought, but overall the bearish bias did his job and brought 200 pips profit. CPI data showed that inflation is not moving and we may see more inflation in future. This was bearish for Gold and eventually dropped. The preparation from this morning: The preparation just before the news

SerpentForexClub

We all know that markets are highly manipulated and the traders have to look for a signs of manipulation. There are a lot of types of manipulation - imbalance, candle without wick, liquidity grab and so on. On the chart I marked few areas, where price was manipulated and reversed. The strategy shows you how to recognise the manipulation patterns. It is based on...

SerpentForexClub

US30 is in a range, since few weeks. It is very unclear structure right now, but we know how the asset moves. Since us30 moved down with a low liquidity move, I am targeting the internal liquidity for next week. Of course more accurate analysis may be given, when the market open and we can see the actual daily and weekly pivot points. From the charts below, you...

SerpentForexClub

Right now EU is very bearish. My idea is for a continuation down. But we have to be cautious how deep, because DXY also looks bearish. Macroeconomics The idea of hiking the US rates more than expected, currently push the dollar high. But how long will last this effect, may be CPI will change the course. US Yields Currently the US Yields bring...

SerpentForexClub

On Gold I am more bearish than bullish and let's see why. In my opinion Gold will continue down in a bearish channel and we have two reversal points. I marked them on the chart. There is still a possibility of a bigger push to fill the imbalance, but in my opinion price is not ready for a such big bullish move. Macroeconomics Last week FED announced that they...

SerpentForexClub Updated 

Following the price action pattern from the previous 3 days and few other confirmations that we will observe, I suggest that today will be bullish day. 1) Last few days we had strong bullish move during Asia and London and NY reversed. 2) Market is moving in a bullish channel, so the current market structure is bullish. 3) Days are with big wicks, but still they...

SerpentForexClub Updated 

Last week I targeted 1760 level and the bias was right. Price moved even more and faster, without retracements. This week my bias is bullish again and I will share my confirmations with you. I am expecting from Gold to go a little bit higher, reaching daily manipulation zone and the monthly pivot point. After that a retracement is expected. Price moved...

SerpentForexClub

Last forecast you can see here: GU moves in bullish channel. I am expecting to continue higher, after a retracement. The dollar is going down and this is another confirmation for bullish momentum. SMT Divergence The bullish direction is for now confirmed, because there is no SMT Divergence Interest Rates England is not much behind US, but the...

SerpentForexClub

Last week the forecast was for a bullish move. This week the forecast is bullish again. Price already broke the structure and turned into bullish one. I am expecting a continuation up. The weakening dollar will continue to push the price up. SMT Divergence There is no divergence. Direction is confirmed for now Interes Rates There is still...

SerpentForexClub

on the link below you can see my bias for today. (if you click on it, you can see the full analysis) Today I had bearish bias and price totally broke my theory. CPI showed that inflation is going down -slowly but down. Yields melted and the combination with the buying banks, price broke all resistances. Price reached the sell POI from the weekly...

SerpentForexClub

Same reasons and analysis as EURUSD. Price will go up next week. Interest rates Difference in IR are too big and will not let change of major trend SMC Divergence It seems that GU is forming a big pull back.