Price-action
Bitcoin Single Print and Buying Tail I'm looking at these trading points here to long from the Buying Tail and take it from there.
Ideally if we enter the upper single print area i would be interested in closing my long at the top of that single print and looking for a possible price reversal at that point.
Will GBPUSD RETRACE THAT WHOLE DAILY TF CANDLE IMBALANCE????????Price moves for TWO reasons
1. Liquidity
2. Imbalance
On the daily TF there is over a 200 pip IMBALANCE. (pull it p and see for yourself lol)
A retrace is due.
GBP should LONG to fill 45-50% of that imbalance.
My 1st TA is 45-50% of retrace into Daily Imbalance candle.
After that monitor the DXY closely to identify if she will continue the trend UP or CONSOLIDATE and break to the down side.
Never over leverage.
Trust your trade set up.
Have fun!
#TradingMadeSimple
EURJPY | NICE BULLISH MOMENTUM TO CATCH- EUR/JPY looks nice for a long trade opportunity.
- It's trending towards the upside on multiple time frames and both MA's are following this bullish momentum.
- We are seeing a 1-hour bullish engulfing candlestick to confirm our entry.
- Hedge funds are also signaling increased purchasing power for EUR...
Weekly Trade Recap: NZDJPY, NZDUSD, GBPJPY 05-28-22Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades closed this week between May 15th- May 20th.
NZDUSD: Closed down for +0.51% profit
Full analysis/forecast:
NZDJPY: Out for BE
Full analysis/forecast:
GBPJPY: Out for -1% loss
Full analysis/forecast:
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Next downside leg visualised on AUD/USD...After some recent success on this pair its time to have a look at the next forecast. 0.7100 seems to be an ideal region for the pair to pull back up to before taking another plummet lower.
The long term monthly downside target still remains at 0.6700 but we can see more manipulation coming around these daily moving averages. Lets see if we can get a further pullback before going short.
Still lots more of volatile US action in terms of fundamentals coming this week so make sure to trade safe.
Bitcoin end of year target 2022 early 2023I am using the Beam Band to help us see the possibility of Bitcoin's price action end of the year 2022. Notice we have touched the bottom of this Beam Band twice already and afterward, a price surge happened like clockwork. The question is when will we touch down again this year if at all? What we do know is as soon as it happens we can, with high probability, expect a surge in price soon afterword based on previous examples. The green checkmarks are touchpoints at bottom of the Beam band and the red one is the possible expected touch we are anticipating. Also, notice the average percentage between the first two comes out to 800%. If we move from this expected bottom price on the beam band then at 800% would give us over a $200k BTC price.
If we do not see the BTC peak this year most likely will happen in 2023. Taking the average day count from both bottom touches on the Bean band and averaging them out gives us about 295 days afterward for the possible peak which, if so, takes the peak well into March of next 2023
Oil Futures (45) Long Gap ReversalPrice runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed low. Price finds orders and begins to consolidate, sellers press price into the buyers, they try to hold and expand up into the press before getting rejected with a WRB gap down. Minor confirmed low gets washed, price expands into the relative major pullback and zooms back through the sellers to land on the backside of the WRB gap down.
Trading the major impulse leg back to balance. Push of the press up