NQ Power Range Report with FIB Ext - 4/12/2024 SessionCME_MINI:NQM2024
- PR High: 18501.75
- PR Low: 18477.00
- NZ Spread: 55.25
No significant calendar events
Value back inside of range above 18400
- Prev session closed as engulfing bar
- Weekly high lift following widest session range of the week
- Holding value near prev session close, below the high
Evening Stats (As of 1:05 AM)
- Weekend Gap: +0.27% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 260.80
- Volume: 16K
- Open Int: 261K
- Trend Grade: Bull
- From BA ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Weeklyhigh
GBPAUD I Potential short from supply zoneWelcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Weekly Shark Complete 🦈GOLD - Shark completed (.886) between the weekly high and low, this could be a high probable short as the weekly is also on a downtrend, I will be looking for reversal confirmation on LTF to swing this potentially to break the Weekly Lows. (We also have a lot of trapped liquidity and imbalance below) DXY is also bullish!
Let me know your thoughts!
Potential SharkEURUSD - Potential Shark, PA building strength after the spring at the C point (Multiple higher tests to the low), price now looks good for a long to the D point, buying from the previous weekly and Asia lowline (Lots of potential liqudity here) and end target this weeks high!
Whats your thoughts?
EURUSD just hit this weeks high 1.17400 (Idea)I drew this up last night thinking it would happen during the london session. But after today's confluence of the bullish day trade reached it's pivot point was the exact same Weekly Bearish Omptimal trade entry.
Todays Bull trade, entry at 1.6940 was the 62% retracement around 8:30 A.M. Eastern time. That same fibonacci's pivot point meets the the 70.5 percent retracement from last weeks swing high and low.
Todays Bull trade
The Zone I drew Up last night
Confluence of Both Fib Levels
In the main window is the weekly bearish trade. You still have time to enter.
EURUSD - Bearish or Bullish Breakout?Hi Traders!
The market is - after a strong Upmovement -
in a consolidation.
As you can see the rally started at 1.07800.
It climbed up fastly and finally reached the weekly resistance at 1.14000.
After that it started the consolidation.
This consolidation is in a pattern of the descending Triangle.
Now there are two possibilities the market can do:
Bearish Breakout
The market breaks out of the Support at 1.12200.
The target is the next Support.
The SL is over the triangle and the RTR is 1 to 2 .
This possibility is shown in the chart.
Bullish Breakout
The market breaks out of the Trendline.
This could result a "Bullish Flag Pattern".
The SL would be under the Support at 1.12200.
This idea is not shown in the chart.
We recommend to trade the breakout when the candle closes!
Thanks and successful Trading :)!