GBPUSDThe last day of the week presents a very interesting day at a technical level and at a fundamental level for London time. According to my analysis, there is a bullish London with a reversal in NY.
My main premise is: "I'm not predicting what the price will do, but rather what the reaction will be to what it shows me."
Friday
BTC Friday set up the TGIF Today, I’ll be considering the possibility of a 70+% retrace to the upside using the TGIF (Thank God it’s Friday) setup. This usually kicks in by the London or NY-AM open if it’s going to happen.
If we don’t see more downside and traders decide to close out their short positions from the week, we could see an upside move. I’m watching for a market structure shift to the upside and confirmations like higher highs or significant moves around the London session at 3AM New York local time.
If we see displacement to the upside during the London session, that’s a strong indicator. If not, I’ll be looking for similar signs during the NY-AM session.
When this setup engages, it tends to be a high-probability trade.
What are your thoughts on this potential move?
#BTC #Bitcoin #CryptoMarket #TradingIdeas #MarketAnalysis #PriceAction #CryptoTalk #LondonSession #NYSession #TradeSmart #BTCTraders
GOLD: Three days short traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
Let’s jump into the Technical Analysis:
WEEKLY TEMPLATE (1hr chart):
Two weeks of pump and dump template has been completed, gold spent the last 3 days into the backside move, triggering short breakout traders in the market, price at the low of the week can offer some opportunity of scalp in the day, or starting consolidating for further major move during the upcoming week.
DAILY TEMPLATE (15min chart):
Low of the week and other time frames are in the market, Asia and London session pumped the price up and currently consolidating, although not really a level which I'm interested.
THESIS :
Price placed a lower low before pumping up, this can be a scenario of "low hanging fruit" scalping short back into the traders long from LOW, 75+ pip of space, enough to take a good trade.
The long scenario, even if curious and interesting , it's most likely to happen during the upcoming week, however it could setup for a long setup LOD to HOD.
SETUP :
Short: price locking the current HOD, consolidating till 10am for a dump into the LOW
Long: price dumping down into the LOW/LOD/CP, consolidation will 10am for a pump up back into the current HOD.
if none of these setup will present to the chart, I wouldn't be interested in any other trade
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
JASMY 'LIONS PAW'There are no animals or humans that have six fingers to my knowledge unless by accidental anomaly. For that reason I think it's only natural to see the price of Jasmy going up. On the image it is easy to see the image in the chart. Based on where BTC is headed it wouldn't make sense to see the price drop.
NIFTY TOMORROW 5th AUGUST FRIDAY ANALYSISAs we can see clearly in the chart buyers are currently strong , price is trading above the channel and buyers are not letting the market go down. we can see consecutive bullish wick candles in all 5 trading sessions. If the price tomorrow starts trading near or above 17400 ... 17600 is our target , second target would be 17670 .
Nifty tomorrow 29 july friday analysisIf NIFTY price tomorrow starts trading above todays close and makes bullish candle in first fifteen minutes we will buy call ,target would be 17130. If price breaks channel or gaps down around 16750 support area we still buy call and initial target would be todays high. 16750 is strong resistance area , i dont expect market to break this area tomorrow , as of now all around the globe markets are positive.
Previously in our weekly analysis i had drawn big consolidation area around 16900.....17400 area so i expect slow price momentum tomorrow.
BANKNIFTY TOMORROW FRIDAY 28 JULY ANALYSISPrice has broken 37000 major resistance area , previously major swings took reverse from this area, If we analyse day time chart , we can see previously price consolidated between 37400....38000 for a week , so i expect uptrend momentum could be slow tomorrow , If price trades in this area .
Tomorrow we should avoid buying PUT as ASIA ...EUROPE & U.S. markets are in bullish trend.
NIFTY TOMORROW 22 /7/22 FRIDAY ANALYSISNifty is trading in range from 2 days and i expect same trend tomorrow as it is friday option value will not decay much . If price moves beyond 16600 ...16680 will be our target.Market is making higher highs higher lows and didnt crossed previous low since 15190 i dont want to buy put till price breaks 16430 support
NIFTY TOMORROW 22 /7/22 FRIDAY ANALYSISSince nifty is trading in range from two days tomorrow i expect same as it is friday . Trending market on fridays are rare as we cant expect option decay much and price is making higher highs ..higher lows i dont want to buy put till price breaks 16400 support
If price breaks 16600 can buy ce target will be 16700
IDEA FOR NEXT WEEK. GBPJPY.as far as I can see for today and probably monday is that we failed to create a new HH, so that means that the trend is weakening and it needs to regain strenght. So in monday (most likely) We are going to see a retest on the previous major resistance line and after that our weekly target should be at least 164.000. Feel free to share your views for the upcoming week and have a good weekend guys :)