H4
EURUSD EMBARKING ON A BULLISH ASSIGNMENT TO PREMIUM PRICE. Last week we saw price took out the sellside liquidity in the old lows below, before Friday last week we saw price distribute slightly lower, were now currently at deep discount on EU and were going to start seeing smart money push the price up.
as I we know, smart money buy at discount and they sell at premium.
we already have an institutional backing on the bullish move, we have an order block which is the sign of the banks or smart money placing their orders to get prepared for the bullish moves.
I'm expecting price to take out the series of buyside liquidity above the old highs marked out above, seeing it return to a fair value at premium before we start expecting the reversal in the direction if the order flow.
EU is going to be bullish for this week, going long will be more profitable than short positions.
STEFANFX.......
gold elliott wave count 1600 vs 1621gold price first went up when fed said rate has reached neutral
but later in august fed made clear that rate will go above 4% and price collapse again below the last low 1680
but wave count from bottom 1680 to 1802 ended with a ending diagonal pattern before fed confirmation
now wave count from top 1802 to 1621 is ending with its wave Y 100% projection at 1621
so we are expecting that wxy wave is ending at 1621 (100% for wave y), if makes new low than 100% projection for wave (C) is 1607
so our buy zone is 1621 to 1607 from that level we expect counter trend correction at least upto 1676
in Q4 there is good chance speculator will bet again for fed pivot since strong dollar is now hurting one of their biggest trading partner UK
wave count WXY
wave W = sub divided into bule (A)(B)(C)
wave X = sub divided into abcde triangle correction
wave Y = sub divided into bule (A)(B)(C)
wave Y target 1621 and wave (C) target 1607
parallel channel Gold h4gold price are coming down making lower low with lower high inside a parallel channel
resistance upper line of the channel
support lower line of the channel
key level 1690 - 95
1600 - 05
LTC/USD Critical Support at 52.30!• The broken uptrend line was retested by LTC/USD, as seen on the H4 chart, and it is now challenging the median line of the descending pitchfork.
• The 52.30 former low is a significant downside barrier. As you can see, the rate only recorded false breakdowns during the most recent attempts. A larger drop might be rendered invalid by maintaining above 52.30 and setting a new higher high.
• "Keep it Simple!", Good Luck!
EUR/USD D1 planning - H4 Confirmation Here is my idea for this week, It's look like that EURUSD pair is going for a short positio.
EURUSD, BOUNCE OF LOWEST LOW SINCE 2002?Pair: EURUSD
Timeframe: 4H, 1D
Analysis: Round number level, trend line, volume profile, support and resistance, lowest low
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Key Takeaway: Approaching the lowest low since 2002, we are most definitely expecting a bullish bounce from this level
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Level needed: need a close by 1.0000
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Trade: Long
RISK:REWARD —
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Eth H4 breakdown Ethereum failed to continue bullish trend and broke down to find support at the $1720 area as per my last post, short term bullish on the reversal back up to the $1800 range setting in a new lower high and then continuing bearish trend lower. If bulls do not regain some control price could crab along the $1720 range and fall lower without recovering back to $1800+
Not financial advise
ETH H4 SETUP Ethereum on the 4 hour timeframe in a make or break situation on the short term. If it holds the trend and can continue to rise past $2000 then hold price confidently, next step is $2150 at the top end of the range where it may encounter heavy resistance. RSI and MACD are in favour of a bullish move as they both suggest oversold on the H4.
On the bearish side it the bullish trend is broken we may see a retest of $1800 and should that fail to hold, major support is at $1720.
BTC and indicies like SPX will have a large say in Ethereum's short term future.
Not financial advice
NZD/CAD: Bullish Reversal runningNZD/CAD: Bullish Reversal running
> breakout of bearish trendchannel
> Higher-high-higher-low sequence established
> weekly high broken to the upside
> 200er MA in H4 protecting downside
> next downward trendline fard away
> POC volume below current levels
The setup can potentially pull back a little before advancing. As we are Wall Street Swing Traders, our Stop Losses are far (see SL zone) to give our trades room to breath.
This way, we are achieving an unusually high success rate. I have included the past entries with the WSI H/L Wall Street system in the chart, as usual.
Feel free to reach out with any questions or comments.
Meikel & Your Team WSI
PS :
Join our stream tomorrow! The link will follow shortly in the comments.... See you there!
AUDcad Short H4 Double TopSeeing that AUDcad seems to be failing to close above recent highs.
It appears that AUDcad was losing bullish momentum.
COT data reported a weakening AUD and a strengthening CAD.
Market came to test dynamic Daily Resistence. The test seems to have apprached the resistance in a rising wedge/flag correction. The top of this inner corrective channel formed a Double Top on the H4/H1 timeframes at its own resistance trendline. This appears to be enough confluence to consider selling AUDcad at this point.
Use the discretion of your own entry strategies to confirm any possible entry opportunities that you may find. as for me.
GBP/AUD: Long Reversal runningGBP/AUD: Long Reversal running
> Higher High and higher low printed
> Break out of the triangle formation
> POC below current price
> Last weekly high far away
Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to direction-changing moves. If you do not mind economic data risk, you can enter.
Also check out my stream on the FED + Swingsetups:
www.tradingview.com
Meikel & Team WSI
GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running
> Higher high and higher low printes
> inner trendline break
> quadruple bottom
> POC below current price
We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System.
Post Fed Meeting
The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore.
Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying.
Please always remember:
Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs.
Best
Meikel & Team WSI
EUR/GBP H4: Short pressure risingEUR/GBP H4: Short pressure rising
> Bullish trend broken
> Re-Test successfull
> break of structure, change in sequence
> Need a break of the current inner upward trendchannel
Even after the interest rate increase by the ECB, the EUR seems vulnarable, especially because of the ongoing Russia/Ukraine conflict.
A break of the last higher low would increase the probability of a downside movement.
Meikel & your Team WSI
CHF/JPY: Shortsetup in the makingCHF/JPY: Shortsetup in the making
> Doubletop formation with falling high in D1
> Lower low and lower high in H4
> Inner trendline broken
> Top range of bearish trendchannel
> POC above current levels
This is a watchlist trade. We would like to see another lower high + outer trendline break to enter short.
Check out our bio!
Meikel & Team WSI
USD/CHF: Bearish Move aheadUSD/CHF: Bearish Move ahead
> First lower high and lower low
> Break of trendchannel
> break of structure
> POC above current price level
> Generell DXY weakness
Feel free to discuss and comment!
Meikel & Your Team WSI
NZD/CAD: Ongoing Long Reversal#NZD_CAD: Longreversal ongoing
> Bounce from weekly support zone
> Structural break of inner downtrend
> Higher-High established
> Tripple Bottom
> POC below current level
Feel free to discuss and comment!
Meikel & Team WSI
EUR/JPY: Push lower aheadEUR/JPY: Push lower ahead
> EUR/JPY trendbreak
> break of structure
> lower high/lower low sequence
> POC above current levels
> JPY ist generally getting stronger
Feel free to comment!
Meikel & Your Team WSI
golden parallel channel H4gold price are making lower low and lower high a clear down trend on H4 time frame
inside yellow parallel lines
CAD_CHF in H4: Watchlist LongCAD_CHF in H4: Watchlist Long
> Phase 1 of H/L Setup completed: Trendreversal
> Next stage: Phase 2, first bullish wave
> Established a higher low/ higher high sequence
> Break of bearish trendline needed
> Break of Structure would be completed after
> POC below current price levels
CHF/JPY: Bears in controlCHF/JPY: Bears in control
> Head and Shoulder pattern
> Break of Structure & Change in Sequence to the downside
> Countertrend broken to the downside
> POC above current price levels
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Meikel & your Team WSI
EUR/AUD: Short Setup in the makingEUR/AUD: Short Setup in the making
> EUR/AUD shows a structureal break: lower high with lower low after upward move
> short-term trendchannel is broken as well
> POC printed above current price levels, wich indicates heavy bank selling
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Meikel & Team WSI
EUR/AUD: D1 breakout completedEUR/AUD: D1 breakout completed
> break of the inverse head-and-shoulder formation completed
> Thus: Break of structure
> strong bullish momentum in H4
> POC below current price levels
> little volume ahead
