LegendSince

LegendSince

📉 U.S. Treasury yields dip ahead of key employment data and elections. 10-yr yields hit 3-mo high on less dovish Fed expectations. 76.6% odds of 25 bps cuts in Nov & Dec. Yields influenced by betting markets showing greater odds of Trump presidency & Republican majority. Going into the future, I will be sitting on my hands, awaiting for more data to make...

LegendSince

Yields opened the week inside a discount price range (below 4.169%) and closed above equilibrium, with the next draw on liquidity being buyside liquidity @ 4.292%. However, I see the potential for a draw up to buyside 50/50% and will be sitting on my hands awaiting for more data to make a educated decision where the overall direction will be.

LegendSince Updated 

Clear rejection from higher timeframe volume imbalance and bullish order block. This suggests that although the overall sentiment for Euro is bearish, a short term play to the upside is up for grabs, with the weekly bullish order block @ 1.08857 being a point of interest

LegendSince Updated 

Gaps don't always get filled but when you combine it with other factors such as the monthly Sellside liquidity being swept plus a rejection from the weekly volume imbalance, a higher probable approach to running on buy stops seems reasonable. T1 @ 1.30776 T2 @ 1.31030 T3 @ 1.31173 - 1.31266 Dollar presenting risk on conditions will aid this bias.

LegendSince Updated 

Gold has been on a TEARRR for the beginning of October, making gains of up to 5% within the space of 1.5 weeks! When accumulating Gold, its best to purchase in a discount (in this case, Gold's discounted price is below $2,690*) but with this raging bull momentum rolling over all short sellers, it's challenging to expect this in the near future. Analysing short...

LegendSince Updated 

It's evident that Bitcoin has not been performing with the same strong flames like Gold, S&P, and Nasdaq as these assets have recently booked all-time high prices whilst Bitcoin is still rangebound between the $50k - $71k mark. However, BTC is up 40%* from the lows, printed on Aug 5th 2024 with the chance of a continued run higher upto $70k - $71k especially if...

LegendSince Updated 

For over 2 weeks, dollar index has been bullish, rallying up to the weekly objective of 103.546 - 104.080 fair value gap whilst also pinging off the daily bearish order block. Bearishness this week down to the most local imbalance @ 103.444 - 103.345 (T1) and 102.993 - 103.031 (T2) would be considered a healthy retracement in the grand scheme of the bull...

LegendSince Updated 

119.14 weekly lows is the main point of contact going into next week as we have seen a rejection from the weekly/daily volume imbalance as well as the weekly order block indicating further downside action.

LegendSince Updated 

Based on the last post on Yields, I was projecting a draw towards equilibrium; 4.169% with the possibility for a short term retracement down to the NWOG highly likely. I would like to see the neighbouring FVG respected with the last line of defence @ 4.026% held throughout next week

LegendSince

10%* appreciation if you were buying Silver in a discount below $30.32 which is something to be proud of. Silver should be seen as a long term hedge against inflation. There will always be a need for silver and as long as the money printer goes Brrrrrrrr, price will slowly trickle to the upside overtime.

LegendSince

Friday printed the highs @ $53,581 with signs of continuation the upside possible due to it being the election year. Dow is being used a barometer against ES and NQ so I will be evaluating the trio to see which one will be the frontrunner.

LegendSince

As a short term trader, its volatility that I cherish but looking at how the week has printed, we can see that price has been efficiently delivered. $20,680 - $20,206 are the levels i will be keeping an eye out on going into next week but for the time being, I will be sitting on my hands awaiting for more data.

LegendSince

Very efficiently delivered price during this week with little to no inefficiencies to the downside. This suggests a massive price to the downside if ES was to print bearish price action. $5,850 is the weekly lows is in the cards if we see a sharp retracement but due to the overall sentiment being bullish, it would be wise to anticipate longs up to $5,927.25...

03:15

LegendSince

Well done to all the smart money traders who bought below $32! Nearly 5% movement in 3 days!

05:18

LegendSince

With discount prices booked, and GBPUSD yet to follow suite, the best option now is to kick back and await for more price action. 50/50 conditions right now with the weekly discounted order block looming below and the most recent highs in the cards.

05:09

LegendSince

Although i will be sitting on my hands until Tuesday at least, there is a 50/50 draw on both weekly Sellside and buyside which leads me to believe big movements are to follow soon...

04:46

LegendSince

Healthy bullish movement to the upside. Due to uncharted territories, i will be sitting on my hands and updating you guys if major movements occur.

02:29

LegendSince

Awaiting for more data as I will be using NQ as a barometer, just like down jones. Will be making daily updates.