First EU analysis was spot on, delivered great profits, now if you missed the reentry on a pullback above the range, you can use this 4H for continuation long as we finish green.
Well I saId that would be it, but I am going to one every now and then if the opportunity is good enough, So EURUSD has been in some serious balance now from the 18th July, the amount of transactions taking place at this level is enormous, and the market is pricing this area in as a great fair value. CPI Data last time was expected 8.6% and we received 9.1%, CPI...
XAU is exhausted we had this brief recovery but as mentioned in a previous post that these rate hikes are going to take their toll on the price of Gold as we see DXY and USD rise from the interest rate hikes, XAU has had a massive distribution for a while now seen by the VP, we have broken the area considered to be value and we should see a big shift in gold over...
XAU has done brilliantly since the last post with a rise of around $50, price now forms an inside bar on the 4H, an inside bar is often found in impulsive moves what it represents is a lower time frame consolidation so when we see as a green hammer/pin it can signify a good chance of imbalance continuing so because of this we have to look for previous levels of...
We have been ripping UJ apart recently and here is another possible entry to the shortside. Other posts linked below.
BTCUSD Completes inside bar after its drastic fall, we can look to catch upside momentum to around $30k, longer term I expect BTC to come back to the pre covid levels before we see any massive bull runs again, but in terms of trading I believe this opportunity exists to trade up here, targeting a price where Bitcoin was previously balanced.
UJ we have RVI divergence we have a strong bearish candle breaking MA9, we have weakening DXY, we can look to take sell trades around this daily candle and aim for previous balanced range, identified with the green dashed horizontals. Good night and Good Luck.
Choppy old week we are seeing, Algos taking over atm, think the major players are side-lining currently but XAU is making a nice set up, we are seeing this accumulation in this balanced range, we had a very wyckoff looking spring, which would have trapped sellers and gained some much needed liquidity, price now makes a flag pattern and we have a bullish pin form,...