christiansmithtrades

christiansmithtrades

So I've been trading here and there for a little bit mostly taking losses. So here's normally where I buy where I marked in the white circles but those large wicks are classic manipulation from what I learned on YouTube lol. But seriously large institutions where drag the price to a high pointed out and retail noobs like myself will be stupid and long at market at...

christiansmithtrades

Ive been studying the charts all day and i noticed a few people made the same mistake I did, The “bullish FVG” in the 1.088 area is cap because it was invalidated by the bearish reversal so its still possible we could run still to the upside and i have pending orders to the upside in case this happens but if the price does hit the 1.088 area as noted on the chart...

christiansmithtrades

As you can see the price close below key (turning points) and the market will need to find further structure for more upside but the price is still not bullish as we still need to close above the trend line noted. Therefore there is “limited upside” to the euro, price can fall to the1.065 level. I believe the market is very volatile right now and all we’re seeing...

christiansmithtrades

The liquidity grab today was fake news, yes the price did indeed rise a lot but during market close I noticed the price briefly touched the supply zone listed but it closed below it, this Tells me people are demanding shorts at the 1.082-1.084 level and if you even look at the weekly the chart is bearish. If you look at any point in the euro’s history when price...

christiansmithtrades

When the price hit a high on the monthly chart it usually fell back to support which I noted in the green box, this tells me The likelihood of another bullish rally is very slim compared to a correction, so if you look at the monthly you can see that there is a correction incoming and the price is touched to the green box multiple times before going back up. So...

christiansmithtrades

If you can see on the chart there are many points of fvg with the priority being above a dollar. So what that tells me is the price will hit from $1 to $2 that's my price Target due to the priority FVG, AND REMEMBER EARNINGS ARE COMING OUT SOON SO BE PREPARED

christiansmithtrades

The priority FVG IS Near the 1.06-1.07 and the DXY IS IN A W PATTERN WHICH IA USUALLY BULLISH, SO WHAT I THINK THE DXY WILL HIT AROUND 1.06+ before being rejected to the downside, as history can and will repeat itself with the trump presidency. Although I've heard people say will go to the 1.22 range but that seems a little far fetched, anything is possible but...

christiansmithtrades

The Dxy closed bullish, so therefore expect a correction to the fair value gap zone and since the priory FVG is below 1.06 I expect the price to correct lower in the 1.055 area before another rally to 1.10 +

christiansmithtrades

I think medipharm is a decent company they have a lot going for them and they are on the verge of profitablity, and when call you have Pierre Poilievre in office in Canada all Canadian stocks that aren't terrible are going to be bullish for sure. My average buy in is 7 cents Canadian and if your a US citizen you can literally buy way more then canadains if you...

christiansmithtrades

I think open on Sunday, the USD Will bearish And then it’s probably gonna be bullish

christiansmithtrades

My rationale I think the DXY is in the short term bearish, if you look at the chart it could be interrupted as such. Therefore i think the price will hit close to 1.04125-1.04225 and then rebound to the downside. Lastly, the USD is in an overall bullish trend and because of the inverse relationship to the dollar the EURO is likely to decline off the strength of...