This is an update to the AU short I posted earlier. Last **AU** Update for the day. I am looking to buy *if* we reach the bottom of my TP area, looking at .xx067 as a possible POI entry.
Looking to have the market grab some BSL and then take an entry at the previous imbalance area. I do note that there are some other POIs higher up, but since a critical low level has been taken out for SSL, I believe we will see price push further down, capturing the previous day's lows before heading back north.
Currently, we are up 466 PIPs. I have adjusted the TP targets by moving the decimal over the right. TV measuring tool is off when it comes to measuring these, and you should see what they measured on the screen. It isn't correct, but here we are. Patients letting the market play out is crucial. I don't see any slowing of this bullish movement, and it may take...
Just wanted to update to where we are at 210 PIPs up from entry. I have locked in an SP @ 1855.50 and looking at 1903.50 for a final TP.
A little bigger trade setup on the 4H looking to ride even higher than what I set on the 1H. Stop is last low + 1 ATR. Strategy = Condition, Condition = Entry, + Stop (without a stop, I don't know my reward to risk), + Target(s).
Looking to take a position on Gold at the orange line. Stop is set below last high + 1 ATR. My take profit levels are at either level. Strategy = Condition, Condition = Entry, + Stop (Without a stop I can't know my reward to risk ratio), + Target(s).
(Chart contains more detail) Long Bias: If price action remains above this counter-trend level, I am looking for the market to push up to the highlighted area and potentially higher to confirm the protected High. Short Bias: If the dollar fails to maintain bullish momentum and the Strong bearish momentum that the engulfing candlestick showed, expect price...
(Chart has detailed information): Looking to buy either with two options for entry and take profit. Price action has given a nice single-candle lightning pattern at key support. Looking for 2nd confirmation to go back up (potential double bottom).
(Chart has additional details) Buyer's Market. Good confirmation of the Bulls in control. Expect short-term bearish sentiment and look to have a price action turnaround about the 0.618 Fib retracement level and this push-up. Almost the same situation with AUDUSD, except here, price action was slightly weaker against the USD.
(Chart contains more information) Unlike the other pairings against the dollar, I see too much weakness here against the dollar, and I believe that has more to do with the economic (fundamental) issues that are facing the EURO and EURO block countries. There is a lot of price action exhaustion to go north, and even if the dollar shows weakness, I don't think...
(chart contains more information) I think we are in the same situation here with the Pound Sterling as we are with the EURO. The country didn't recover well from the pandemic and then inflation due to the ground situations caused by the pandemic shutdown. Unlike the EURO, the GBP is showing more weakness than what we see there. Historic price lows seen here,...
(Chart contains more information) What can you say here? It is Safe-Haven Asset Vs. Safe-Haven Asset. The USD is the clear winner because of investor optimism based on the Fed's Hawkish policy decisions, while the JPY faces mixed signals at home. I am only looking for buying opportunities. Right now, we are seeing some bearish pressure, but this is in the...
(Chart has more information) Bearish Bias: This has been very clear from the start. We have had nothing but strong bearish momentum. Any signs of bullish gains, I believe, are liquidity grabs as the market is pushed down even further. The last signal given is Bearish. P&F is very clear here. As demand weakens, supply takes over, and prices fall.
(Chart contains more data, compare to EURUSD Japanese Candlestick Chart analysis in link-related ideas) Just looking at things from a P&F Perspective. The last signal was Bearish, and it was one of the most vital trade signals that this charting system gives. The beauty of P&F is that it gives a clear picture of the trend and who is in control of the market. If...
Live Testing Going long on UJ30 Min. approx 1:1 Identified current market strength conditions with individual currency strength. 15M showed USD strong and JPY weak.
Refer back to the previous chart and updates. Price hit. Now look to the next level for price to reach.
Missed an earlier retest of this at the top of the hour 2000 ET 7/18/21, looking for a retest of the area for my Buy Limit to kick in. There are 3 TP areas I have of interest.
I like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily...