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EURUSD WEEKLY BULLISH BREAKOUT, LTF BEARISH RETRACEMENT!!The weekly timeframe has a beautiful bullish break-out, meaning that we are overall Bullish. We have two weekly bullish FVGs - One in Premium at 1.08709 (We would not want to Buy on the basis of this FVG since it is in Premium) However we could have a LTF reaction. - Another beautiful FVG in discount at 1.08032 ( This is where we will be looking for timeframe alignment to go Long). Beautiful area to look for Longs!!! Before price reaches 1.08032, we will be looking for shorts to trade the retracement. Beautiful Week Ahead of us!!! Trade, Repeat!!!
by Kay_Master
Vechain/Usdt h4We notice that the price has finished 3 impulse waves and the wave structure is not complete and lacks a final fifth wave. Now the price is in the fourth corrective wave that may reach the 50 Fibonacci levels of wave 3 since the second wave reached 61.8 Fibonacci. I do not think that the fourth wave may extend more than 50 percent Fibonacci. Therefore, at the 0.028000 area, we may see a strong price explosion upwards and the first target is 0.035000 and by breaking it, we may continue to 0.039960. I wish you success.
Long
by Abdelmalak
GBPUSD: Anticipating Continued Bearish Momentum!Greetings Traders! Current Market Analysis: At present, I anticipate a continued sell-side draw on GBPUSD, targeting the daily fair value gap, which serves as today's draw on liquidity. This area also contains relatively equal lows, which are known to harbor a significant amount of sell stops. Key Observations: Trend Continuation: The trend has predominantly been bearish coming into today's price action. Therefore, we anticipate that bearish arrays will continue to maintain the bearish institutional order flow. H1 Bearish Order Block: One key array under observation is the H1 bearish order block. I expect this area to hold as a strong resistance zone, guiding the price towards our target area. Trading Strategy: Focus on Bearish Momentum: Given the current market structure, I am focusing on bearish momentum. The H1 bearish order block is anticipated to act as a significant resistance level, facilitating a move towards the daily fair value gap. Target Levels: Daily Fair Value Gap: The primary target is the daily fair value gap, identified as the current draw on liquidity. The presence of relatively equal lows in this area indicates a high concentration of sell stops, making it a strategic target. Conclusion: By understanding the prevailing bearish institutional order flow and identifying key resistance zones, we can effectively anticipate and execute trades on GBPUSD. The H1 bearish order block provides a strategic resistance level, supporting our outlook towards continued bearish momentum. Happy Trading, The_Architect
Short
by The_Archi-tect