savvyacademy

savvyacademy

Price is near 61.8% retracement Signs of Absorption Planned EP near 188 at round level and liquidity grab TP:199 SL:187.20

savvyacademy

Trend Channel to steep down trend Possible Reversal at axis line Rising volume hints on absorption Plan to go long on 24 Target Price to recent high Stop Loss near below axis line

savvyacademy

Following the previous post, 24 Feb 25 may be the start of the bullish rally for DXY. Possible Wyckoff Re-accumulation pattern Falling Wedge hints bullish reversal Liquidity Zone established Plan to Long DXY and target for recent high, and stop loss at recent low. About 2.45 Reward:Risk Ratio

savvyacademy

USDCAD retraced from 2020 High, and likely to continue to dive deeper. 1.3950 likely to be supported, at a 1.54 RR.

savvyacademy

EURUSD 4 Hourly presents a possible short from past OB and with a bearish wedge.

savvyacademy

On GBPUSD 4 Hourly, A recent pin bar near a strong axis line, suggesting bearish reversal. Possible 4.5 RR to consider in the current bullish trend channel

savvyacademy

EURJPY has been on a range. 158.50 with FVG is a possible entry to go long. 157.50 maybe a even better entry for those who are patient 167 maybe the 1st target.

savvyacademy

With reference to USDJPY is assumed bullish, and likely support near 149 level, and a re-attempt to go to 161.

savvyacademy

106.50 seems to be a good support to resume DXY bull rally to go for a new wave 3 near 113 105.40 is likely strong support for the current wave, aligned with the long term axis line

savvyacademy

Possible 5 waves ending for OANDA:XAUUSD Possible Head and Shoulders Pattern formation Sell limit near BB and FVG area A potential 1.75 RR to consider

savvyacademy Updated 

Daily chart of XAUUSD show a positive BOS And there are weekly BB, OB and FVG formed. The bullish momentum has not shown sign of weakness yet. Friday's bar showed a bearish pinbar after all time high near 2815. Bulls may look to buy near a retracement to 2770 and retest 2815 and then 2850

savvyacademy Updated 

The daily chart shows a nice down trend channel that has created a change of character and a break of structure. It is also within the discounted zone making it more favorable to short than long.

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Simple illustration of Support and Resistance line and Trend line on XAUUSD. Previous weekly bar bounces off S/R and trend line suggesting bullish rally for the coming weeks.

savvyacademy

Monthly chart for DXY hints a possible distribution zone formation. As there is a bullish candlestick pattern formed at last month, bullish bias seems to be the higher possible trend for now. Weekly Bullish trend channel formation suggest higher upside is likely, however, last bar doji candlestick pattern suggest indecision. Near-term support and resistance...

savvyacademy

On monthly chart XAUUSD recent price level rose up about 2 of the markup started in 2018. Volume on Oct 2024 is the highest and similar with Apr 2022. On weekly chart, the last bar appears to be a bearish since it has a long wick and closed near open. 2790 and 2640 are likely the current resistance and support levels. From daily chart The recent bearish...

savvyacademy Updated 

We have a good rally for gold and a recent impulse bearish move. On the 4 hourly chart, it seems a confluence of OB and FVG to suggest a bullish setup has been formed and a potential buy side liquidity is near the FVG at the top. Here we are biased that the underlying bullish trend is to continue and that the impulse bearish move is an opportunity for bullish re-entries.

savvyacademy Updated 

XAUUSD on daily chart seems to be in a trading range. On 4 hourly chart, a recent upthrust seem to have ended with a selling climax. Interpreting the current price action with Wyckoff schematic, there are last point of supply and last point of support and secondary tests. A double bottom seems to have formed. The possible buy setup could be near the recent 4 hour...

savvyacademy Updated 

Based on USDJPY 4 hour chart an ascending triangle and measured move is completed a recent bull bar and possible measured move is in place Looking to short near 161.50 for TP 160.0