I am seeking short-term buy opportunities following a price break below the volume profile. This presents the potential for a bullish retracement, leading into longer-term sell positions.
The price going into the new week is closed as neutral. If the price breaks below the value area, I will look for longs in the short term. If the price breaks above the value area, I will look for sells. I have marked the weekly value areas as potential support and resistance. Again, if the price lands in the blue I will be looking for buys to the POC. If the...
Looking to long EURGBP this week. This was one of the very first pairs I have ever traded due to how low it moves. Last week price tested the daily point of interest which cause a bullish run last week. Hoping price to continue on its bullish run by creating more breaks of structure and generating more liquidity. I have my alert set for 0.84834. Once price gets...
Short term shorts, into long term longs. Price had a change of character at the end of last week. Looking for price to get into my order blocks below 1.29885. If I have a change of character on the 5 min time frame, my next target profit level for buys will be at 1.32212
Projecting that UCAD will continue short. Looking for price to have a slight pull back off of this zone before pushing to the -27% extension level. I actually think that price as a long way down to go with UCAD. I project UCAD selling down to at least 2.5000 potentially. But Like I always say, I have to see what the market decided to give me. At the 2.5000 is a...
Projecting that GU will break out of consolidation and have a bullish run this week to at least the -27 extension. Price has a potential or rejecting off of the trendline which is also in confluence with the zone marked up at 1.24177. Would not be surprised if price got to the zone and actually spiked into out -27 extension. Where price will be fully mitigated....
Projecting that EU will break out of consolidation and have a bullish run this week to at least the -27 extension. Where price will be fully mitigated. Have to see what the market decides to give us this week. But I will be looking for potential long opportunities for this pair.
UCAD, is in a very interesting spot as of right now. UCAD, bought up the my zone, and looks as though it wants to sell down to the next zone. Giving us about a 161.4 pip move. Being that EU and GU have a bullish bias, I am sure UCAD will have a short term sell off to the zone. If price breaks the zone, I forsee UCAD selling off to the trendline.
Price currently, broke out of the zone at or about 1.04938, looking for price to push up to the first trendline. Giving us a solid 68.7 pips. Depending on what price wants to do, i foresee price breaking and retesting the trendline before heading up to the second zone, which would give us about 142.7 pips from the first zone to the second zone.
Could see price for GU to push lower into my zone, Can potentially see price reversing at this area to mitigate the consolidation is left out of in order to reprice lower, have to trade what I see and not what I think when the market opens. All I know is price is in a very interesting area. Curious to see how price plays out next week
Price for EU, has made a very interesting run last week. Price is not at a point of interest for me for potential buys to the consolidated area, to mitigate price at the consolidated area before preciign lower. Scenerio 2: Price continues on its bearish run