SerpentForexClub

SerpentForexClub

Last week a rounded bottom was forecasted and then continuation to the down side. As you can see the forecast is still valid for this week too.

SerpentForexClub

I am expecting a pullback to fill the imbalance from last week and then continuation down to 1680. The FEDs were very clear, that they will have very aggressive actions to reduce the inflation to 2%. Which means, that the downtrend will continue. Expect very soon qualitative fundamental analysis on US Economy.

SerpentForexClub

This week I think, BTC will fill the Imbalance then go down to the bottoms. I dont like the structure of BTC, because always left lot of Imbalances. Overall bias for now - short. Few Tradingview Indicators, that will help to decide the direction. cdn.discordapp.com

SerpentForexClub

Price is going down for now. But it didnt reach my daily reversal zone and the origin of the previous down channel, that is why I am expecting to make one more swing before reversal. Few Tradingview Indicators, that will help to decide the direction. cdn.discordapp.com

SerpentForexClub

After price touch the low I am expecting to bounce back and retest the channel. Long term bias is bearish, but very-short term bias is bullish. The bullish move will be only pull back, so dont trust that price will go up to test the Order Block, it could continue the down trend at any moment. Next month, when the FEDs increase the interest rates, down trend...

SerpentForexClub

Price could go down from now, but there is an Imbalance above it, so I am expecting an Upthrust to be made and the gap to be filled, before the big drop. Overall I am very bearish on this pair. Few Tradingview Indicators, that will help to decide the direction. cdn.discordapp.com

SerpentForexClub

I am not expecting reaction before the previous high. I suppose that this area can send the price back to the bottom for a retest. Be cautious with shorts, Dollar Index will remain bullish for a while. Few Tradingview Indicators, that will help to decide the direction. cdn.discordapp.com

SerpentForexClub

At this moment my bias is bearish. These days we will see bullish move. Last days the rest of XXXUSD pairs dropped a lot, but this pair not and if I consider the fact that there is an Imbalance and Order Block above previous high, we may see a new higher high before the big drop. Few Tradingview Indicators, that will help to decide the direction. cdn.discordapp.com

SerpentForexClub

Last week my idea was that the consolidation will be reaccumulation and price will test the origin of the wedge and go up. This was not the case. Price cleared the previous major liquidity and close below 1750. My overall bias is bearish. Price should test the previous low and will see if it is hold or make new lower low. Few Tradingview Indicators, that will...

SerpentForexClub

Last week I was neutral on Gold and it moved sideways. At this moment, it is too early to say in which direction price will break. We have to follow the path of manipulation. But considering few facts I am more bullish for the upcoming week. The sideways move have bullish momentum, based on price action. In my opinion, Gold will create some king of double top,...

SerpentForexClub

This week we will see some down moves and still it could be only a retracement. My bias is neutral Confirmations for bearish bias: 1- Price react very strong of the long term channel 2- Last week price close and probably will open under the pivot range 3- Gold broke short term low 4- Gold already make 3 waves up Confirmations for bullish bias 1- Price couldn't...

SerpentForexClub

Price move in down channel. Considering the overall correlation with DXY we may see new lower low. Be careful with this pair, because oil have big impact of it and we know that right now the prices of oil are going up.

SerpentForexClub

We may see a major reversal (double bottom) or new lower low. The gas crisis in Europa may melt all euroxxx pairs. There is a lot of potential to the down side, price is also in down trend. In all cases the pair will consolidate a bit more around current area. Short term bias - bearish Long term bias - neutral

SerpentForexClub

US30 always react very well of support and resistance zones. Thats why I will wait to see how it react to the currently resistance. Long term bias is bearish.

SerpentForexClub

BTC is correcting in up channel. As soon as price is contain by the channel and there is a big imbalance (liquidity) at the buy side, I am ling on BTC.

SerpentForexClub

Looks like Dollar index is in up trend and makes higher highs. Right now is may be end of the correction - pretty good reaction of a cluster of support.

SerpentForexClub

The dotted line was my forecast one month ago. Price reached the Imbalance that I marked, but there is no signs of weakness. Following the path of Manipulation and liquidity, I believe that for now price will go up and will continue to make higher highs

SerpentForexClub

As you can see before my vacation I was expecting that BTC will go up and it did. There is a lot of Imbalances up there, that make me to believe that BTC will go further up in tight channel. Last week BTC cleared last short-term High and created two doji candles, thats why I think that price will retrace to the gap below, from where it start the new swing up.