XAU/USD 29 Jan - 02 Feb 2024 Weekly Analysis Outlook for the this coming week remains unchanged:
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short.
Price has rejected the Weekly weak Swing High but respected the weekly strong internal high.
Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated.
As mentioned last week, request to LTF's would be to shift bearish which price did as per last week's analysis.
Anticipate structure to indicate end of pullback phase.
Weeklymarketsanalysis
👀WEEKLY OUTLOOK Jan, 29 - Feb, 2👀Let's see how the price developed during previous week, compare with previous outlook and think what's possible during next week
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Upside potential in UFOLooking very good at this moment to buy on weekly timeframe and daily timeframe also.
This is breakout opportunity as the stock broke the important resistance and also it's 200 EMA on weekly timeframe. And also a breakout of inside candle on daily timeframe. This stock can give you more Risk to reward ratio as the is only 12.5% and the reward that you can expect is around 100% approx.
USD Index ( DXY, DX1! Fututres )... Wait & See!USD Index is in an interesting position, and could go either way. Let the market tip it's hand on Monday, and then trade USD pairs!
Check out my analysis and leave me a comment and/or feedback. I appreciate hearing from my viewers.
May profits be upon you.
XAU/USD 22-26 Jan 2024 Weekly Analysis-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short.
Price has rejected the Weekly weak Swing High but respected the weekly strong internal high.
Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated.
As mentioned last week, request to LTF's would be to shift bearish which price did.
Anticipate structure to indicate end of pullback phase.
PYR Weekly Imbalance Retest : $10 are comingPYR, the crypto that patiently accumulated within a horizontal range, unleashed a rapid breakout, leaving behind a significant weekly imbalance. As we tread water in an ascending channel, the journey to surpass the upper bounds awaits a strategic retest, targeting the elusive $10 milestone.
Key Observations:
Extended Accumulation Period:
PYR underwent a prolonged phase of accumulation, consolidating its value within a horizontal range.
This accumulation laid the foundation for a potential explosive move.
Swift Breakout and Imbalance Creation:
The breakout from the accumulation range was swift, propelling PYR to new heights.
However, the breakout left behind a conspicuous weekly imbalance, signifying a significant pool of untraded volume.
Current Scenario and Anticipated Moves:
Ascending Channel Dynamics:
PYR is currently traversing within an ascending channel, marked by higher highs and higher lows.
The channel signals a bullish bias, but challenges lie ahead.
Struggling at the Channel's Upper Boundary:
Despite the bullish momentum, PYR has faced resistance at the upper boundary of the ascending channel.
The inability to breach this level suggests a need for a strategic move.
Anticipated Move - Retest Strategy:
Retest of Weekly Imbalance and Range High:
To fortify its ascent, PYR is expected to undergo a retest of the weekly imbalance left by the breakout.
This anticipated retest aligns with the range high, providing a confluence of support.
Critical Juncture at $10:
The strategic retest becomes a crucial juncture, determining PYR's ability to overcome historical resistance.
A successful retest could pave the way for a decisive move towards the $10 psychological level.
Strategies for Traders:
Observing Price Action at Key Levels:
Traders should closely monitor price action around the weekly imbalance and the range high during the retest.
A strong bounce from these levels could signal a renewed bullish momentum.
Setting Strategic Entry Points:
Consider setting entry points in alignment with the anticipated retest, ensuring positions are strategically placed to benefit from potential bullish moves.
Conclusion: PYR's Odyssey Continues
PYR's journey, from patient accumulation to a breakout with lingering imbalances, is a testament to the complex dynamics of crypto markets. As we stand at the threshold of a potential retest, traders brace themselves for a strategic move that could propel PYR towards the elusive $10 mark.
🚀 Ascending Channel Dynamics | 🔄 Imbalance Retest Strategy | 💼 Strategic Entry Points
💬 Share your insights on PYR's journey and your strategies for navigating this crucial phase! 🌐✨
EURO Futures (EURUSD) Weekly Outlook... BULLISH1. Daily Swing structure is bearish, after this clear break of market structure.
2. The internal structure is bullish, as price pulls back into premium.
The reaction to supply is significant. It potentially indicates the end of the retracement, and
price now seeking external LQ at the swing low.
3. I am monitoring the FVG above closely. Should price trade through it, it would indicate price
has bearish momentum, and strengthening the idea that the pullback is over.
Should this bullish PD Array hold, price could potentially make a HH, and head to the
premium old high.
Light Crude Oil... BULLISHThis is a longer term view. It may take a couple of weeks to play out.
The Breaker Block + FVG pose a strong bullish indication that price
may head higher.
The BB represents the turning point in the trend, from a bearish to potentially
bullish market. Not to mention price is going from an ERL to an IRL, potentially.
NQ (NASDAQ) Weekly Outlook... Near Term BULLISHBullish next week.... then turning BEARISH.
Price turned bullish after the bullish BOS. However, the bias turned bearish after the ERL, and the IRL is now sought.
There was also the formation of a -BB and a -FVG. Should price
return to it, the expectation is it will be respected, and price will head down from premium to
discount prices.
USD Index Weekly Outlook... BEARISHWith CPI Data coming Thursday, price may consolidated within the range of Friday's candle and the FVG, before coming down.
IRL > ERL
I am looking for price to go from an interior raid on LQ to an external raid on LQ.
I'm also looking for bearish PD Arrays to be respected... like the -FVG price is currently in.
But who knows what the news will bring.
EURUSD Jan 8th-12th 2024 Weekly Trade Setup-LONGJan 8th-12th 2024 Weekly Trade Setups
See blue long trade
1. Long Play: C- Probability due to being counter swing and counter Internal. The main reason to trade this would be the trade has momentum more bullish than bearish.
2. This would be an investor trade. Very Long Term
Entry Price: 1.08729
Stop Loss: 1.05789
Take Profit: 1.13105 or trail the trends and scale in when all risk is off the table
Please Follow me: I would love to scalp live on tradingview
Jan 8th-12th 2024 Weekly Chart Analysis
1. Price is in the weekly internal break of structure (See Green 1 for Reference) and ranging between the equilibrium of the weekly Ibos strong (See 2 for Reference) and the weekly Ibos low Weak (See 3 for reference)
2. Price is currently in the weekly A.1 Supply Zone with momentum to the upside. (See 1 for reference)
3. Price has had a change of character to the bullish upside in the weekly I-Bos swing range (Between 2 & 3)
4. As of Jan 06rd 2024 the weekly i-bos (Green 2 for reference) is protected and is the strong structure .
5. As for my risk management framework price is more likely to us this supply zone (W A.1) to generate a move to the downside using the buy-side liquidity to induce market participates.
6. The Framework is to trade from strong protected orderflow (square zone with W on right hand side See black* to the left hand side) for reference)
Weekly/Monthly Overview on Nasdaq DirectionAs price took higher liquidity, my focus would be to retrace lower before making a move higher, highlighted red as premium and green as discount, looking to see if nasdaq retrace back into the FVG highlighted in yellow, to officially see if it plays as an inversion FVG during the upcoming week.
The bears take a 'break' as the bulls take overHello traders,
We start the week with the price having filled and closed within the fair value gap on Friday.
Although the general trend for the past weeks has been bearish, I see this as a retracement for the price to go up to 'Take profit' and capture more sell orders.
I'll be glad to hear your sentiments. Leave a comment. Thank you.
XAUUSD TECHNICAL ANALYSIS ON THE MONTHLY TIMEFRAME ❗❗Looking at the current structure it makes sense to look for sells in this market as it is at the peak of the mountain 🏆...this is my immediate response to the current market condition however I'm open to anything that could possibly happen..in the meantime I'm bearish unless my resistance can be violated then I'll consider looking for further buys to create a new high💯✈️✈️