Overview -Steady selloff below Monthly level continues. -4H/Daily Wedge Pattern break. -4H IT flipped bearish / Daily still bullish but possibly turning. -ST correction could happen here, offering short opportunity. - Volume Profile shows large void between 0.89315 and 0.89620, which could offer swift sweep of this range. -CFTC COT on GBP is equal as of last...
Breach of trendline + increase in volume + Delta Divergence on the dip. Hedge against USD longs.
-Bull Trend still in tact. -Minor rise in net selling around this range. -Hourly SFP of the highs at Daily resistance. -Not a good place to open long. Even if we have a breakdown here, I dont think a short would be a good idea yet. i find a long at the 38.2%, confluent with Daily support below, would be a better position to take. If we lose that daily support,...
Overview - 4H/Daily Average Volume has been tightening over the last month and it finally expanded over the second half of last week's channel. - Break above the Fair Value Area of the channel and Monthly Open available as support. - Hourly has shown Delta Divergence on this initial dip. - Net volume remained strong moving into this distribution zone. - COT shows...
Overview - All time frames are bearish. - Monthly level was swiftly breached. - ST corrective move up is likely, as breakdown has started slow. - Bullish Delta Divergence started appearing en mass around this choppy area. Conclusion - Looking for pullback to stack shorts between 38.2%-50% - Stops above Monthly Level. twitter.com
Overview -Price pushed through the highs, while holding higher lows. -Price has halted at Weekly Resistance. -Delta Divergence has occurred at Resistance. -Double Distribution day on Volume Profile -CFTC COT for EUR is equal based on last week's report. Bull View -The volume is still looking consistent on each of these moves up. -Multi-Day Value Area (VA)...
Short at Monthly Open, but hedged with a EUR/USD long at Monthly Open.
Part 1 - The Overview 1) Daily IT Bullish / 4H IT Bullish 2) Price broke out of channel and daily resistance. 3) 4H channel retest is next entry target. 4) Monthly Sentiment - Bearish / Weekly Sentiment - Bullish Part 2 - The Day-2-Day 5) 15M/1H MS has been structured. 6) Market showed strength and did not pullback to retest yesterday's Value Area (VA) 7) Today's...
Part 1 - The Overview 1) 1D - IT is still bullish, but clearly showing reversal signals / 4H - IT has turned bearish but still waiting for a MS shift. 2) Focused on the Daily support level if price falls out of the wedge. 3) Wedge formation on 4H/1D supporting the thesis that this move up has been corrective in nature. 4) New Monthly Sentiment - Bearish / New...
Long at Monthly Open, but hedged with a EUR/JPY short at Monthly Open.
Looking to open a limit short at the lows of yesterday's Value Area + Weekly/Monthly Open
Looking for a breakout above monthly here.
Required Daily Process Part 1 - The Overview 1) 1D/4H IT - Bullish 2) Price is currently in the Daily Resistance Zone, which offers confluence with the top of the 4H channel. 3) A very old Daily channel has been broken, but I am not convinced of continuation as we have seen multiple deviations from the range since COVID. 4) Monthly Sentiment - Bullish / Weekly...
Required Daily Process Part 1 - The Overview 1) 1D/4H IT - Bearish - But signals of ST Rally 2) Daily Resistance Zone sitting above, with channel mid-point confluence. 3) 1D/4H Channel started forming approximately 2 months ago. Currently near low side of channel. 4) Monthly Sentiment - Bearish / Weekly Sentiment - Bearish Part 2 - The Day-2-Day 5) 15M/1H MS has...
Required Daily Process Part 1 - The Overview 1) 1D/4H IT still bullish, but reversal signs are showing. 2) No local Daily support levels. 3) Wedge formation on 4H/1D supporting the thesis that this move up has been corrective in nature. 4) Monthly Sentiment - Bullish / Weekly Sentiment - Ranging & Indecision Part 2 - The Day-2-Day 5) 15M/1H MS has been...
Required Daily Process Part 1 - The Overview 1) Daily IT Bullish / 4H IT Bullish 2) PA making a 2nd test of the Daily resistance zone after rallying off Weekly support. 3) 4H Channel underway. Next target is high side of channel. 4) Monthly Sentiment - Bearish / Weekly Sentiment - Bullish Part 2 - The Day-2-Day 5) 15M/1H MS has been fairly structured while...
Required Daily Process Part 1 - The Overview 1) Daily IT still bullish / 4H IT turned bearish and all rallies will be assumed to be pullbacks MT. 2) PA is in a rally off of the Daily level. It did not reach the full Daily zone. 3) PA went to a range channel on the 4H, which took out the lower bullish TL. Looking for a retest of the channel lows. 4) Weekly...