The aforementioned Asset Re: Copper displays a possible bearish intraday set-up. All things considered (Methodology, + Risk strategy), should this set-up become validated, this trader will revert to correlated assets i.e., XAUUSD and co-correlated assets of XAUUSD i.e., XAGUSD, AUDUSD, NZDUSD, EURUSD and GBPUSD, for similar set-ups and entries within the annotated...
EURUSD have been in a bearish environment for quick a long while now. On the Weekly Time Frame price have found yearly support. Scaling into Lower time frames such as the 4hrs chart, we can see a potential reversal structure forming within the identified Bullish Higher Time Frame Rejection Zone. With that being said, it is a matter of playing the odds and further...
The decision to become a Full-Time Trader is NO easy decision. There are numerous factors that ought to be considered post Full-Time Trading. This applies to both new and current traders. The excerpt below shall explain the ideal approach in preparing to become a Full-Time Trader. Disclaimer: The content herein shall in no way be interpreted directly or...
In relation to the previous chart shared on EURUSD Re: . Price is approaching an area of interest, to commence this move, should this move be sustainable, then at its end, Swing Traders can step in.
Following the analysis on the DXY DXY , the above asset heralds a similar price behavior. From an intraday perspective, intra-day traders can look for both long and short positions, whichever comes first, but it is not advisable to hold unto either of these positions as we are at the extreme end of this current higher time frame swing. Best of Luck! Cheers1
On the Daily Time Frame we can see a retracement into higher time frame fair value zones. On the lower time frame, naturally this created a bearish structure and thus, I am of the technical opinion that we may see a short lived bearish momentum on the Green Back. Currently we are on a bullish pullback within this bearish retracement.
On this asset, technical analysis shows possible weakness in the short-term. A favorable opportunity for intra-day traders. Best of Luck! Cheers.
Based on this technical analysis, it appears that the above mentioned asset is poised to offer a short-term buy set-up followed by an impulsive sell from the identified rejection zone.
Based on the chart patterns/technical analysis this asset appears to head lower before we can see any further sustainable bullish moves to the upside. Best of luck! Cheers.
Likewise on the previous two analysis Re: AUDJPY and NZDJPY, this asset is also of the same market tone and presents a favorable opportunity to enter sells for the short term and prepare for buys for the long term. Best of Luck! Cheers!
On the NZDJPY asset we see a similar market structure forming as per the analysis on AUDJPY. Therefore, following the same conception, together with the a short-term Bearish market structure within an overall Bullish market structure, we can look for short term sells and then prepare ourselves to purchase this asset in the long term. Best of luck! Cheers.
Here on the Aussie Yen, we can see an established Bullish Order Flow on the Weekly time frame, or in other words, the structure of the market is in an uptrend. Based on the technical direction of this asset, we may anticipate a retracement into fair value areas from the higher time frame before price resumes seeking higher pricing. As such this retracement has...
Prior to last Friday's reaction during Non-Farm Payrolls, the SnP together with its counterpart indices has indicated a possible bullish direction. This is evident upon the examination of the structural integrity of the above mentioned assets. Structures created over a 14 day period, hints to an intention by market participants to seek higher pricing. Further to...
The above chart highlights this Author's technical opinion on the above mentioned asset. Should there be cause to short this asset, this Author will be looking for shorting confirmations above May 2022 monthly high. Should however, the opportunity presents for further upside, then this Author will adjust his bias accordingly. It would be wise to refer to the...
Leading into the High Impact News Event for this present day, i.e. Non-Farm Payrolls, this Author is of the technical opinion that the volatility (if any) resulting from the aforesaid event may propel price on this said asset to the downside which may provide a favorable 'buy low' opportunity to further continue a bullish momentum and order flow, suffice to say,...
Foregoing the higher time frame structural integrity at this time (Stand by for an HTF Update), an intraday perspective at present day price delivery, highlights future potential for the upcoming High Impact News Event, Re: Non-Farm Payrolls (NFP). Based on the annotated chart attached, this author is of the technical opinion that the US Dollar Index has 'shown...