Remember this when you think something is unbeatable Someone will cash his profits, a correction will happen at one point or another.
USDJPY is sending mixed signals today. Here's the breakdown: Dollar Downward Trend: The US dollar is generally weaker across the board, which could put downward pressure on USDJPY. Retailer Skepticism: Interestingly, a large portion of retail traders are currently short on USDJPY, indicating a potential expectation for the pair to fall. However, in forex,...
FX:GBPUSD is currently at its 0.78 Fib level on a daily timeframe and forming a bearish divergence at the 1-hour mark. After observing a Break of Structure (BOS), we will enter a short position at the 0.5 fib retracement with a stop loss at a recent high, targeting a 1:2 risk-reward ratio.
Hey guys! 📈 What should I look out for in trades this week? I know Bitcoin is trying to retest the global range high. 🌐 I'm aware we have an internal range, and the daily pullback could go lower. That's why I'll wait for market structure 📊 and Market Cipher 🔍 to be on my side for confirmations. No change, no trade. Watch the video for the full breakdown! 🎥
Gold (XAUUSD) presents an interesting scenario. While a weaker dollar could typically support gold prices, the overall risk-on mood might put a cap on significant gains. Analysts are keeping a close eye on economic releases, particularly inflation data, for hints on the future direction of gold.
A very clear and consistent HH-HL price action and measured moves down ! I believe we will see a retrace back to the TrapZone. what do you think ?
We will see a quick pump towards 70k and a probable steep decline afterwards. Markets need some air and bitcoin needs lower prices for more demand.
Hey guys! 📈 What should I look out for in trades this week? I know Bitcoin is trying to retest the global range high. 🌐 I'm aware we have an internal range, and the daily pullback could go lower. That's why I'll wait for market structure 📊 and Market Cipher 🔍 to be on my side for confirmations. No change, no trade. Watch the video for the full breakdown! 🎥
On the 4H TF LUNC is currently exhibiting important technical patterns. The volume profile shows the highest trading activity around $0.0001077 to $0.0001047, indicating strong support levels. Recently, the price action has been sideways, suggesting a balance between buying and selling pressures, with low trend strength and volatility, indicating...
On the Bitcoin chart, a clear sequence of lower highs and lower lows since reaching the ATH (All-Time High) indicates the formation of a bearish trend. The 1D TF analysis shows that trading volumes have been decreasing with each subsequent peak, confirming diminishing interest in the asset. The overall decline in volumes within the current range indicates market...
The Euro is in the driver's seat today against the US dollar (EUR/USD) as risk appetite returns to the forex market. We took a trade yesterday, off the 0.382% Fib Level, we entered at around 10:00 GMT and have seen minimum movement in the pair. We are targetting the 0.5% Fib Level and expect to bag 60 pips.
after a steep correction of 88%, the buying volume on the last couple of days are huge, so if we close the monthly above the first line, we flip bullish and is going higher! do not fade it!
The trade on this is a bit later, as Trading Alpha gave the signal days ago. You can see that we had a breakout and retest of descending blue resistance as support, yellow squeeze shading, two green arrows to signal an entry, a break above the track line and sustained grey dots. To me, this says that any dip is for buying, and that price should target the next...
It is crucial to note that FX:EURGBP is currently at a robust support level and forming a bullish divergence on the 4-hour time frame. A pullback is expected from this point, as liquidity has recently surged from the lows. Therefore, it is advisable to enter a long trade with a stop loss at the recent low and take profit at the recent high, targeting a 1:2...
USDT Dominance chart has followed previous analysis (May 21) and there was a retest of 4.60% area as predicted. New analysis suggests that there might be another retest of 4.5% - 4.6% zone in which the yellow trendline is touched again. if this scenario takes place, we will see another dump in the market.
Our weekly market breakdown holiday special! We break down why holiday weekends it's good to turn the markets off and enjoy your long weekend. Then we break down the upcoming week. We cover DXy, US30, Gold and of course our gold idea GBPJPY enjoy!!!
Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow...
I expect oil to rise in the next few weeks. On the daily chart we see liquidity (circles) and a very very strong saport at 77.40. I expect oil to start rising from 78.09 or the aforementioned 77.40. At each level I will watch the Order Flow Chart. in case you don't have O.F.CH. so watch the level if the price closes above or below the level it will tell you if the...