thefuturesnetwork

thefuturesnetwork

Following my last post, the buyers have stepped in. I believe a pullback is now safe to buy after a final liquidity grab was made at London Open.

thefuturesnetwork Updated 

Volumes will be thin today so trade with caution I suggest buying the pullbacks on cable today. There may be one more push down but I have started to scale buys already US equities should turn bullish soon which should help our pair My trade is to wait for the displacement/break of m5 supply and buy the pullback into imbalance. Trade with care!

thefuturesnetwork

We try not to forecast and follow the PA on the day. However, I have a broad expectation that we will take out Thursdays low and react off the H4 demand for a bull move DXY and Euro have taken liquidity from a key level and the expectation is they will reverse, and Cable along with it Intraday trading ideas to follow on Monday

thefuturesnetwork

Last ETH drop worked well. Unfortunately it was hidden by my own fault. ETH is in a period of re accumulation for the next move. We may see some ranging for the rest of the weekend. My initial impression is we'll go test the open of the 7th then fill out some imbalance from the last drop before dipping again. I'm not immediately convinced ETH is on it's way to a...

thefuturesnetwork

My last analysis was deleted because I advertised a group-- my bad. Sorry mods. I am in the sell on ETH. I believe we are in distribution phase around the Jan Fair Value Gap. We could make another drive up. I am holding sell from the LPSY at the beginning of NY session. Good luck to all

thefuturesnetwork

ETHUSD distributing getting ready for a sell. Sell the highs, 3010-3040

thefuturesnetwork

Ethereum has made a run on liquidity below EQL during accumulation phase. Now the displacement has occurred we can buy in the FVG, grey marked area. stops below the FVG target 3000. It could run below the SC level, look for rejection in the FVG first.

thefuturesnetwork

Last GBPUSD forecast from 1.40-1.4150 and back down worked well. Watching DXY around 90.2 to see if bulls return. As such, I expect some ranging around these levels with the weekly target around 1.3950

thefuturesnetwork

Will 1.4150 give us the perfect short opportunity? 1.40 supply has been tested a lot and is surely ready to break. Banks will want to tap into the buy stops up here before taking us all the way down.

thefuturesnetwork

Market has provided an ABCD pattern in progress. Either the C leg as completed on the 61.8 retrace and will head up to 1.41 from here. Or, my preferred setup is to begin with bear movement down to 1h demand around 1.3770. From there we can observe price action and go long if the market begins to turn. The preferred scenario would mark a neat return to daily...

thefuturesnetwork

Short around 1.1950 Broken and re-tested flag pattern, Wave 3 of downtrend about to begin. I'm bullish on the dollar until we hear what FOMC say. A lot of inflationary pressures in the US and treasury yields just breached their recent high around 160bps. Stimulus cheques drop this weekend which will add fuel to the fire. The market has already priced in several...

thefuturesnetwork

We're in an area of daily supply (responsible for taking out daily demand on the 5th) shorts can be taken in here since we pulled back on Friday. The daily trendline has held strong so this would need to be taken out in order to get to the next daily demand area around the 1.3700 mark. Intraday On Monday I'll be looking out for a short in the 1h supply area...

thefuturesnetwork Updated 

We can short GBPUSD here as we are currently at an area of confluence; the top of a wedge, Weekly R1, 1.382 fib extension of the current bullish trend. Bearish divergence showing on the 4h TF.

thefuturesnetwork

I expect a gap up when the market rolls over tonight after Brexit talks have been extended. However I am not expecting the news to be positive enough to break out of the 1.34 -1.31 range and will be watching PA around the highlighted areas. Significant supply zones exist around 1.34 and 1.35 highlighted, so I will be looking out for sell opportunities at these...

thefuturesnetwork

Gold is forming a head and shoulders pattern, being held down by a trend line. Possible short opportunity, currently sitting on supply zone around 1830. Looking for a test of the 1800 area before reversing. Any positive movements in the stock market should help with the final push down.