jshafx

jshafx Updated 

In the GBPCAD market, all signs are pointing to a pivotal moment early this week. Monday and Tuesday present a strong likelihood of price rejection, potentially signaling a shift in direction. On higher timeframes, the bias suggests an imminent change, as the price approaches a key supply zone. Meanwhile, on the lower 1-hour chart, the story becomes even...

jshafx

The market is currently showing a state of consolidation, where price moves within a tight range, signaling indecision among participants. This is often a precursor to a significant breakout, and two key scenarios are in play: Scenario 1: Breakout Above the Supply Zone If the price successfully breaks through the supply zone, this could signal the continuation of...

jshafx Updated 

The US30 is undeniably in a strong bullish trend, showcasing its momentum over the past sessions. However, as with any extended trend, there are moments where price action hints at potential pullbacks or reversals. In the chart, we see that price has already broken a key support level, which signals a possible shift in market sentiment. This break introduces the...

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GBP Analysis: Bearish Sentiment Recent data for the British Pound (GBP) highlights economic struggles that paint a bearish outlook: S&P Global Services PMI Flash (24 Jan '25) Forecast: 50.9 Previous: 51.1 A decline in the forecast reflects slowing growth in the services sector. If the actual reading falls below 50, it would signal contraction and further weaken...

jshafx

In analyzing the chart, we see a critical setup forming. If the price breaks below Support (2), there’s a strong probability that it may perform a pullback before continuing to drop, potentially retesting the area around Support (1). This pullback behavior is often observed as the market seeks to confirm previous levels before resuming its move. However, if the...

jshafx Updated 

The demand zone failed to hold the price during the recent drop, resulting in a bounce. Now, the price is likely heading toward a fresh supply zone, which could serve as a potential re-entry point for sellers. The current probabilities suggest that gold may experience another drop as it seeks out a new demand zone for support.

jshafx

Looking at the current market structure, there’s a strong probability of a buy setup forming during this pullback. The goal is to target the supply zone, which sits as a significant area of interest above the current price action. Key observations: Demand Zone: This is located at the high-probability key level, which aligns perfectly with a previous support and...

jshafx

currently observing a potential swing trade setup for a sell on GBP/USD. The price is approaching a previous support level aligned with supply zone as strong keylevel point as marked on the 1-hour chart. will wait for confirmation on the 5-15 minute charts. The confirmation will be a change in market direction from bullish to bearish. Once I observe a bearish...