Nothing much to say just some simple supply and demand rule followed according to the chart. Expecting a more move to the downside from that sell zone.
BOJ releasing the the interest rates decision on March 19. The CHF Futures (6S) prices are in a trading range, and by other side the JPY Futures (6J) making a gap Thu to Fri. This chart show a huge probability of a short position for the pair, after confirmation of a breakout.
Price formed a double top at weekly resistance, looking at the daily timeframe price closed and rejected daily 1.08950 so there is high probability to see price drop at this level. I will be looking to sell at current price as an aggressive entry and setting my stop loss above Friday's high. trade type: swing/intra-day
Short term down trend with confluence off key levels and candlestick analysis.
Weekly Bullish, Daily bearish and 4hr bearish Waiting for a daily rejection to enter
The Dollar Index is nearing a key resistance range of 103.81 - 103.61, and how the price reacts in this area will dictate its future direction. 📈A breakout above this range and a 4-hour candle closing above it would confirm a long-term bullish trend and likely lead to a bullish rally. 📉On the other hand, if the price fails to break above the resistance level,...
QQQ is showing signs of distribution on daily with 3 days out of 14 with higher counts above MA. Has a lower low candle. Usually will confirmed if it matches a higher low next or it tank further. Cash!
Thinking of a possible trend shift. Added my thoughts to this video mostly to show myself what I missed today CME_MINI:NQ1!
Be highly cautious because distribution can be seen with a gravestone candle and much higher volume. The probability of a major correction is in the cards as Bitcoin is now retracing a well.
On the above 5-day chart price action has corrected over 90% since November 2021. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Price action backtests past resistance as support. 3) Price action tests the ‘bottoming candle’. This happened on a recent published idea, do you remember...
As mentioned in my analysis, over the long term I expect BTC to go to $0 as there is no 'real world' value. In the short-term, $70,000 could be the price point that would get average joes and retail ricks buying at all-time highs due to the spooling of advertising etc. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...
What happens if Dollar is to run on buy stops up to 103.20? A healthy retracement for gold before a continuation would still be viable right? Macro bullish for gold, especially if interest rates are to come down later on this year but for the short-term, $2147.21 is in the cards for next weeks trading. My philosophy is simple... Fortify Michael J Huddlestone's...
This week, I'm maintaining my bullish sentiment on USDJPY, and here's my trade plan: 1. Support Retest at 148.53: I'm looking for a buying opportunity if the market retests the support level at 148.53. This level has shown previous support and could act as a launching pad for further upward movement. 2. Bullish Trendline Retest: Alternatively, I'll keep an eye...
This week, I'm feeling bullish on GBPUSD, and here's why: 1. Weaker Bullish Trend on Daily Chart: Although the bullish trend on the daily chart is weaker, the recent violation of previous resistance suggests potential upward momentum. 2. RSI Divergence on 1-hourly Chart: The presence of RSI Divergence on the 1-hourly chart indicates a possible reversal or...
CSE:MINA is in its ascending channel in the daily time, and due to the closing of the daily candle in the coming hours, we can expect growth up to the middle of the channel. Of course, one should pay attention to the type of daily candle closing
Supply Zone: A supply zone occurs when the supply of a cryptocurrency exceeds the demand. In this area, there is excess supply, leading to a falling price. On a price chart, a supply zone is associated with a downtrend. Traders often place sell orders in supply zones, expecting prices to decline further. Imp : forming doji candles in weekly chart Interpreting Doji...
Although Cable and Euro work hand in hand, Cable broke intermediate term highs whilst Euro closed out by the weekly bearish order block, indicating some form of a pullback going into next weeks trading. 1.08969 is a short term target i expect Euro to trade down into. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to...
In comparison to the equities market, GBPUSD has been on a tear for the last few days with no sign of pulling back in sight. But with that being said, a short term retracement back into the weekly bearish order block (acting like a inverted OB) would still be considered to be healthy in the grand scale of the bullish buy programme that started in Oct 23. Looking...