Price currently rests on an OB we will wait for the markets to open on monday and see if it gives us confirmation. If not, we expect it to reverse on the FVG and give us a clean drop
Taking into consideration that DXY index is bearish fundamentally and technically, And since EURUSD is heavily correlated with DXY inversely which means we are bullish on Euro. Technically : Euro was in correction for the last week or so, But this changed yesterday and extra confirmations landed today on the charts and fundamentally. We touched the weekly FVG...
The market structure is bearish on 15m tf and is aiming for the weekly FVG below, Once we get to the weekly FVG will look for buying opportunities, But for now the setup has a very good probabilities to succeed .
The USDCAD currency pair may weaken because the possibility of the Fed cutting interest rates in September looks promising, while on the other hand, the BOC seems to be reaching its inflation target close to 2%. Market participants view the BOC as quite capable of controlling inflation. However, both currencies are quite sensitive to crude oil prices. The reason...
The GBPUSD currency pair has a rather unique fundamental condition, where we cannot simply look at which monetary policy is more dovish or hawkish. However, I will explain a bit more from a different perspective. Inflation data in the UK has already reached its mandate at 2.2%, while the Fed is still far from its 2% inflation target. This could lead to a...
Inflation in the Eurozone remains at 2.6%, which could potentially make the ECB more cautious about cutting interest rates. Meanwhile, in the UK, inflation has dropped drastically to 2.2% at present, indicating that the Bank of England's mandate target is nearing. It is highly likely that the BoE will cut interest rates further, potentially by more than 25 basis...
Dear Traders, GBPUSD is expected to continue rising from current price scenario, we have NFP this week as well which is likely to increase the buy volume within the market. We cannot predict how news will impact on the price but we can see price heading towards our target in soon time. Team Setupsfx_
This is my interpretation of how the market unfolded on Monday. These posts are for my journaling purposes, not advice. Please let me know what you think and if you see anything else.
USDCAD has been on a sell retracement in days now , so I am looking this level for a short sell scalp , using the ICT & indecent concept for this analysis . PDH was taken out & I am seeing a sell continuation intent
Greetings Traders, Current Market Analysis: At the moment on GBPUSD, I am anticipating a bullish draw targeting key objectives. The primary focus is on the engineered trendline liquidity, followed by the Daily Fair Value Gap (FVG). Key Observations: Trendline Liquidity: The first objective is the engineered trendline liquidity, which is expected to...
Bitcoin is rising from these levels, provided that it is forbidden to break the last bottom of $53,591. The correction now is what determines whether we are in an impulsive pattern or there is another bottom. If you see a clear triple correction, Bitcoin will definitely explode strongly upwards.
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...
This first buy zone has been taken out and now I will wait for the second one
Greetings Traders, Current Market Analysis: At present, I am observing a potential intraday opportunity to sell off into the H1 bullish order block, which is residing in discount prices. I am already in a sell trade on GBPUSD, taken earlier. Key Observations: M15 Breaker Block: We have experienced a pullback into an M15 breaker block situated in...
Dot currency. For storage. We put 100 lines under the word storage. I do not trade. Futures contracts, I store currencies. They are for storage, including levels. Frankly, I bought from the $4 levels. I bought from the $4 levels. I bought a respectable amount. Now. It is at $6.25. The first target, as shown in the chart, $11? I sell half the quantity, at $11. And...
Poca Dot currency. For storage. We put 100 lines under the word storage. I do not trade. Futures contracts, I store currencies. They are for storage, including levels. Frankly, I bought from the $4 levels. I bought from the $4 levels. I bought a respectable amount. Now. It is at $6.25. The first target, as shown in the chart, $11? I sell half the quantity, at $11....
If we look at the daily frame, we can notice the market structural change from bullish to bearish. That is, after the price was breaking consecutive highs, we notice that the price has started to form a lower bottom than the bottom, which shows that we have changed from bullish to bearish. This is the daily frame. Now we return to the 15-minute frame to see what...
Greetings Traders! Current Market Analysis: At the moment, EURUSD is exhibiting multiple signs confirming a bearish institutional order flow. Key Observations: Divergence with DXY: Yesterday’s price action formed a divergence with the DXY (Dollar Index). Utilizing the Smart Money Tool (SMT), we recognize that such a divergence—where EURUSD and DXY,...