The USDJPY currency pair is presently exhibiting a substantial bearish divergence, as indicated by the CDV analysis. Given the prolonged period of sideways price movement, it is reasonable to anticipate a downward movement. The short setup presented here provides a Risk-Reward Ratio (RRR) of approximately 2.4:1.
The QQQ has experienced a substantial decline in value over the past few months. Despite the market consistently forming lower highs, it is noteworthy that robust counter-reactions are occurring with similar frequency. With a clear bullish divergence in the CDV, we anticipate a bounce to take place this week. The long position outlined in this scenario presents...
Following a roughly three-week downtrend, a bottom formation is currently developing in the USDCHF pair. This chart pattern is supported by a bullish CDV divergence. Consequently, we are initiating a profitable long position, which provides us with a Risk-Reward Ratio (RRR) of 3.4:1.
The substantial price declines in the SPY are notable, as the market struggles to break free from its downtrend and consistently establishes new lows and lower highs. Nonetheless, it is worth mentioning that this downward trend is marked by frequent and swift corrections. Given the current scenario where the market has attained a level of sell-side liquidity,...
Owing to the prevailing geopolitical circumstances, the WTI crude oil price has witnessed a notable upsurge in recent times. Nonetheless, it fell short of attaining fresh record highs. On the past Friday, there was a retracement in the price, accompanied by the emergence of conspicuous hidden bearish divergences in the cumulative delta. This presents us with a...
After a sustained period of pronounced downtrend lasting several weeks, the NZDUSD currency pair is now displaying indications of stabilizing. While the potential for this stabilization to evolve into a new uptrend remains uncertain, noteworthy bullish divergences have emerged within the Cumulative Delta. Consequently, we are considering a short-term rebound...
Following a substantial rally that yielded approximately $200 in gains over the course of two weeks, gold is now exhibiting initial indications of a potential formation at its peak. It is noteworthy that the cumulative delta demonstrates a bearish divergence in comparison to prior rally instances. For those considering short positions, it is advisable to...
AUDJPY has not succeeded in attaining fresh highs over the past few weeks. Presently, a distinct downtrend is evident, characterized by the formation of successively lower highs. Beneath the wick that was established on October 3, 2023, there is anticipated to be a substantial pool of liquidity. Accordingly, we are initiating a short position with the objective...
GBPJPY has formed a pretty nice SHS formation. Watch the chart for TP. Set your SL a few pips above the top. Wait for the neckline to break. Happy trading!
Sometimes, a simple picture shows more than 1,000 words. ETA is on Monday, 23th October at 12 pm MET.
This is just a simple road map for the next few days. I expect NQ to push higher after having swept the liquidity to the downside.
The recent price rises in the EURAUD are calling for a correction. Nevertheless, we expect a further push to the upside. After picking up the buyside liquidity there, we open a short position. We aim to fill up the area of the empty volume profile. The trade offers an acceptable RRR of 1.7:1.
The price of the AUDCAD has fallen sharply in recent months. Nevertheless, it can be observed that the price repeatedly shows corrections in the long direction. Such a pullback could now be imminent again. We wait with the entry until the price reaches the area at 0.8580 to optimize our risk-reward profile. We set a tight stop loss and target the lower edge of a...
Analyzing the crypto markets is not easy. The prices are moving in a narrow range and seem to be about to fall asleep. However, on closer inspection, the forecast for ETH is positive. The price was able to rise steadily in recent months, while sellers spent a lot of effort to push the coin to new lows - in vain. Therefore, we expect ETH to rise soon. The setup...
We've been thinking for a long time about how to get a good short entry on silver. Sure, after Friday's rally, the market is extremely overbought, but that doesn't mean the price will fall soon. One could get in on the short side right now and target the $21.57 area, but the RRR would be unsatisfying. Therefore, we place a sell limit order near an open buyside...
The EUR/USD has aborted a recently started recovery attempt and turned back down. However, a look at the ratio of sellers to buyers, given the clear divergence, suggests that the bears have reached the end of their rope for the time being. We are therefore opening a long position with an RRR of 2.5:1.
WTI failed to take out the liquidity on the sell side and took off early to the upside. The long scenario presented last week has thus become obsolete. However, we now get an opportunity to position on the short side. Our price target is the aforementioned sellside liquidity along with the full gap fill. The short setup offers an RRR of 2.1:1.
After the explosive bull run, Gold has reached a zone of high volume. At this area, the price showed signs of rejection immediately. This is a chance for the price to continue it's overall downtrend. This setup offers a decent RRR of 2.5:1.