Here is a perfect example of Pushing Up through Supply. As shown, when up-trending markets experience the phenomenon created by Market Makers in which supply us introduced to the market. (Notice the Pivot Highs at 1.41942 and 1.41968 which are 4 pips apart) These levels of supply are known by the market makers and are used to lock in bullish traders. As the...
I just wanted to take a snapshot of bitcoin at this moment in time where it seems the bullish change of character is occurring within the downward sloping trend channel. This could be a sign that supply has diminished over time and buyers are present and ready to take over control of the crypto market.
There is NO Sound Just Volume Spread Analysis at its finest. The Main Points of the Analysis were: Causal Event: NZD Monetary Policy Statement The current risk sentiment: Risk off -USD, JPY, CHF Dominant -Eur, Gbp Neutral -Cad, Aud, Nzd Recessive Next, You'll see me make not of Bearish and Bullish (If;Then) scenarios. I chose to trade Aud/Nzd Long and Nzd/Usd...
Here's an in-depth look at Volume Spread Analysis. We use tape reading to gauge future price movements based on the magnitude of previous price movements. This helps us determine the driving force of the market and position ourselves on the same side as the large operators within any market. The key is understanding what VSA allows us to see. Volume = activity...
Live Trading the RBNZ Statement As discussed I'm not sure if trading view will allow the music we'll see though. Enjoy!
Here we can see a detailed look at the Wyckoff Accumulation VSA Structural Analysis. Using volume spread analysis and the visual tool of the RSI we can see the oversold and overbought areas where the Large Operators like to do their business. But the question is are we in Phase E (Trend out of Range) at this time and preparing to mark up, or is GBP USD going to...
Potential shorting opportunity on GBPUSD. Previous Bearish divergence on Stochastics. Awaiting the break in structure below at 1.38250 with a heavy bearish sentiment to further identify that the trend has changed direction. The Price target the previous Tokyo session Low for early profit-taking opportunities.
GBPUSD is moving within a bullish channel, currently at above 1.37000 (Previous Weekly High). Price is at an area of interest (above speedline 1) If broken this speedline will act as resistance and the speedline below will be likely to act as support or break and retest as resistance. (1.36500)
Speedlines are a technical tool that uses the principle of 1/3's (Fibonacci %s) based on the previous uptrend or downtrend. Price is measured at the peak of the uptrend by drawing a trendline connecting at least 2 points. Once The trendline is broken the next correction or break should occur at the next price point equivalent to 1/3 the distance traveled. (258...
GBP/USD is making a move to the downside after testing a Monthly/Weekly Resistance Area. Bearish Order Blocks/Resistance confirming a strong seller presence after the large move to upside last week. With a Break in previous structure and retest of previous support turned into resistance. The probability of GBP/USD to go down to complete the M formation is...
Waiting on the Breakout to Either Side signaling the continuation to the downside or the move to the upside completing the W formation.
Technical Analysis on GBP/USD -At the end of the most recent trade week we can see GBP/USD is consolidating at a key support level. -Bilateral Setup -Both possibilities are illustrated in this analysis. -high probability setup to continue on the bullish trend up to the 0.618 level (1.30000) or higher.
At the end of the trade week 10/4 We can see GBP/USD approaching and breaking above a key level of resistance with strong bullish sentiment. After a consolidation and breakout at a key level of weekly/daily support GBP/USD looks like a promising buy set up and and a textbook inverted head and shoulders. Note: We trade reactively to the market with actions...