We're aiming for the price to reach the Optimal Trade Entry (OTE) Area, which also coincides with an (OB) and liquidity resting on the 4-hour chart. This convergence could potentially trigger buy signals.
Considering the bullish trend of USDCAD, it seems prudent to continue seeking buy opportunities, especially since it has already mitigated the Optimal Trade Entry (OTE) level. There's potential for another bullish rally. Conversely, if we anticipate a bearish week for the USD, our strategy would involve looking for short positions until liquidity areas are mitigated.
I anticipate a bearish week ahead, as I believe the price may need to mitigate a beautiful Fair Value Gap (FVG) on the 4-hour chart. Additionally, it could pull back to the Optimal Trade Entry (OTE) Area, where it might begin to gather confluences for potential buy opportunities.
The price may potentially begin to exhibit bearish signals as it enters the (OB) zone. Alternatively, we could await the mitigation of a Daily Fair Value Gap (FVG) and the emergence of short opportunities.
OTE has already undergone mitigation. However, there remains a portion of the FVG (Fair Value Gap) that could potentially provide the impulse to seek further short positions.
Aiming for the price to undergo a correction from the 4H OB and retrace to the OTE (Optimal Trade Entry) Area of the last bullish impulse.
Waiting for the price to reach the Demand Zone before continuing to search for short positions.
Waiting that price reaches the Supply Zone, and the OTE Area. This could give us potential shorts opportunities.
Certainly, here's an analysis in English for FIL/USDT: 📈 FIL/USDT Analysis - Waiting for Breakout at $6.30 with a Target of $7.00 USDT Current Situation: The price of FIL/USDT is currently holding steady at $6.30 USDT, indicating consolidation around this level. This consolidation might suggest a period of stability before a potential move. Anticipated...
Price near resistance zone. Could be a reasonable pivot are where price could test one of the few support levels below.
Near a resistance zone. Could test previous low. Previous low was broken.
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 17570 to 17500. Additionally, medium-risk sell zone between 18000-18040, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 17570 and 17500, serving as a low-risk...
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1983 to 1980. Additionally, high-risk and medium-risk sell zones between 2014-2016 and 2027-2030, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1983 and 1980,...
my entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
Weekly Analysis: Outlook and bias for this coming week remains unchanged. -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short. Bullish pullback following bearish iBOS now most likely complete and...
KOG REPORT: In last week’s KOG Report, we said we would stick with the plan and look for lower pricing on Gold, only for last week we were expecting a sharp bounce from the lower support level! We gave the levels on the charts at which we wanted the move to occur, where we wanted to short the market, where we wanted to then switch and go long, each level...
Hello friends, I hope you are doing well. You can see the popular Cardano currency in the 4-hour time frame. Now it would be a good place for us to have an analysis of this currency. In the daily time frame, it had an eroding downward trend in the form of a descending channel, which has now broken this channel upwards. In fact, it is also considered a flag...