Well done to all the smart money traders who bought below $32! Nearly 5% movement in 3 days!
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.
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...
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.
Awaiting for more data as I will be using NQ as a barometer, just like down jones. Will be making daily updates.
We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target. In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world. What fundamentals will it...
We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target. In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world. What fundamentals will it...
103.541 is a point of interest which represents the daily buyside liquidity pool but with higher and higher resistance to the upside, a minor retracement is cooking. It's bank holiday on Monday so I will not be expecting any huge movements during that day. Low volatility da Followed up by 5 red folder days; CPI and claimant count change, 3 gold folders on...
Usually, bonds and yields work together in harmony where price delivery is clear to see but when we are in times where bonds has delivered to a discount whilst yields is also trading in a discount and has still yet to reach premium levels, it makes me wonder how long this can go on for. Sitting on my hands awaiting more data and will keep you guys updated.
We have seen a draw up to buyside liquidity but with price still trading inside of a discount, it's only a matter of time premium prices present itself... right?? Eyes on 4.169%
Out of all the markets that I analyse, Bitcoin is the MOST volatile with liquidity pools being ran on minute in and minute out! Looking at the weekly timeframe, it is evident that weekly buystops @ $65,000 did not manage to maintain the bullish nature of price action despite the huge psychological impact it is. There is still inefficiencies in the delivery of...
Studying the consequent encroachment of the daily fair value gap is where you are able to identify whether there is a stronger likelihood for daily highs to be targeted. 5 consecutive days of bearish price action for cable and you think it wouldn't be healthy for a minor relief rally to occur up to 1.31424? Manipulation before distribution and right now, I feel...
Similar to US10Y where we have seen 4 consecutive up close candles, with T-Bonds, we have witnessed 4 days worth of bearish price delivery with he volume imbalance on a higher timeframe (1W) consequent encroachment being met as support for the time being. Not shying away from a manipulative run, targeting 122.25 but would not be phased if we do not even make it...
Utilising the most recent dealing range from the 6th Sep 2024 - 4th Oct 2024, we can establish where the equilibrium is located which means it is easier to differentiate premium prices from discount. Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32...
Low hanging fruits is something i love! Easy to reach but you got to be the 1st to the party otherwise you run the risk of being cannibalised. Shift in market structure @ 1.10019 is my low hanging fruit for the short term but also very aware of the potential bearish continuation. Love to see the upper part of the daily FVG filled but without the need to close above it.
4 consecutive days of bullish price action with the potential to draw further up inside of the Feb 24 new week opening gap. Short-term retracement is expected during conditions similar to now and would like to gee the NWOG for this week (still in a premium) filled with the last point of no return being a daily candle body closure below 3.946%
Once the top doug but not suffering to the fate of rangebound price action, violating daily highs and lows but not really going anywhere. You know what this means right...? The market's being held for an event that will create a plausible reason to reprice Dow Jones either higher or lower. My moneys on sellside, especially if we continue to see risk off...
For the swing traders out there with patience to wait before entering, i salute you! Market conditions are torturous at the moment making it challenging to dictate where the next daily draw on liquidity will be. Only those who scalp and utilise the 15,5,1 min timeframes will be able to get a better understanding for what the market is doing and what signatures...