TVC:US10Y and CBOT:ZB1! are strong reverse correlation between each other and with last weeks price action proving to be mainly bearish, I do not believe the pain to the downside has ended... With TVC:US10Y Thursday's daily bearish hammer forming @ the bullish order block created on Monday, we witnessed a bullish shooting star in CBOT:ZB1! , Thursdays candle...
Last week, we had a good run on buy stop liquidity @ the 104.550 level with the highs of the week being printed @ 104.976. This was expected as there was a fair value gap on the weekly timeframe around the 105 zone in which TVC:DXY got. As a result, we have our first down close candle for the week for the past 5 weeks in CME_MINI:ES1! and CME_MINI:NQ1! but...
Gold short term Bearish but look for BUYs with weakening dollar
Gold It's appeared doji candle on Feb.14.2024. Fm 1984 to 2034, fibo 0.618=2015 Last night retested. after retested it's upwards 2041 non-stop. And Daily time frame closed at 2035. So the uptrend still on going. Next week still need to buy on the low.
CME_MINI:ES1! is stuck between a rock and a hard place! From a macro perspective, we have been on a bullish uptrend since the 27th Oct 2023 with daily HH and HL's being formed. Every now and again, a minor retracement is necessary to accumulate more positions to continue to the upside. This week, we have witnessed sell stops being raided however the overall...
Last week, I was on a lookout for a continuation of shorts, running through intraday sellside liquidity @ $17,717 with $17,690.25 being the daily bullish order block. What we have witnessed is perfection in the sense of accumulation, manipulation then distribution and i am expecting further downside for the week until the liquidity void from the 30-31st Jan 2024...
Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to CME_MINI:ES1! and CME_MINI:NQ1! , CBOT_MINI:YM1! has been stagnant for the past two weeks. Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body...
With a similar expectation with FX:EURUSD , I was looking out for a continued selloff, which we got but failed to take the prior weeks lows out indicating that there was a higher probability that a short term relief rally into the premium arrays is more than likely possible. What we are seeing today is rangebound price action from the 5th Feb 24 with many...
Please go over my previous analysis with regards to FX:GBPUSD as I was expecting a continuation of shorts into the week. Although fundamentals is not on my side, I figured that going with high probability signatures such as reversals at order blocks plus reluctancy at fair value gaps will reduce my risk of being stopped out. I have left 50% on the table to run...
A further dig into Sellside liquidity is what we saw last week before closing above the weekly fair value gap, completing a 6-week consecutive run. With that being said, I was expecting a further decline last week with the opportunity for the prior weeks low to be swept @ 1.07227 which we witnessed. This current weeks trading, I was expecting a sell-off into the...
No matter how good of a trader you may be, it will never hurt taking profits off the table. Pay yourself for the time spent if your given the opportunity! That's me done for the week with FX:GBPUSD But lookout for 1.26052 sellside
Last week was very interesting as we have had a prolonged run up to $52,000 throughout last week, going into this week as it would be expected that a pullback is pending in the near future. There is the chance the bulls could attack the all time highs at $69,000 but for now, we have to stay level headed and await a bullish break of $52.985 before proceeding with...
Last weeks trading was a stickyyy one still! FX_IDC:XAUUSD hammered into and past the weekly fair value gap located between 1993 - 2000* before sharply retracing from the lows @ 1984.37 last week Wednesday, 14th Feb 2024. Since then, FX_IDC:XAUUSD has been creating bullish engulfing candlesticks indicating either a run to an imbalance and inefficiencies...
i am basically grounding this analysis on the rsi divergence that form on the weekly timeframe
I forecast that GN is going upwards, not only it reaches 0.618 daily fibo, but showed minor triangle pattern in H1, target at nearest resistance as showed in video
the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com...