If price come back up to this resistance again, this time I would see it as mitigation to the resistance. Price may still react to the zone but this time it may not go far. Do not look for short when price revisit this resistance, instead, start look for Long when price gives bearish reaction, as long as price doesn't show a new round of bearish intention, I...
Huge volume but price stop moving higher, this is a sign of short term high, while the low is formed weak, if supply take back control from here, we will most probably see price trade back down to the breaker, right below the SSL.
Although price has now broken the neck line / support trend line, however this is not enough to convince me that the trend has already reversed and will start to move lower from here. I need further confirmation to supply really holding still and maintain a strong control to really change my bias to bear, now I prefer to maintain neutral. Price can still put in a...
Demand is still having control, although DXY is showing SOS but GBP is still having strength. Yesterday GBP CPI news released bullish, this caused GU start to move sideway, it's within a balance status. I expected price to continue this state (remain balance), until one day price starts to move up gradually but without strong sell holding the price which may...
Since 16 May 2024, price open low but trade higher. Along the way up, price didn't experience strong resistance from above, not until it reaches 104.35, even there is some remaining selling pressure at that level but we can clearly see there isn't any follow through afterwards. Price hold, and Monday open price again start to trade higher slowly and gradually....
Be aware!!!!! Look at daily candlesticks formation, it seems like reversal pattern is forming, yesterday (Wed) FOMC push price lower and close at almost the lowest price of the day, and today (Thu) price open low with a significant gap. This seems like a scary pattern that DXY is about to reverse and go bearish. HOWEVER, price has never violates the significant...
AUD showing SOS in Weekly Time Frame. Low being respected since 12 Feb 2024. If there isn't any strong sell coming ahead, price is expected to move up higher as that is the path of least resistance.
I'm expecting price to drop lower from here. Last Thursday quick drop and rise drive a lot of traders crazy, but I believe most of the retail traders who realize that is a sweep of SSL and DXY bullish structure still remain are going to look for Long here. As they are jumping into long again, the price will continue to drop and break their fantasy, then when...
EU is clearly in an accumulation stage (accumulating short position), see how price is being hold and move back up to the premium to accumulate more short position. This means, if price starts to break this large range zone with decreasing volume, that is a sign where new bearish trend start, we may look for short. Long term Short is recommended to sell and hold...
On 13 Feb 2024 9:30pm CPI released Bullish, price quickly sweep the SSL and move up, when price sweep LQ like this, normally means it's less likely to come back anymore, it has no reason to. I'm staying bullish bias with Dollar.
Last week, I mentioned price would still go higher as the buying climax has not yet come, now this 1H impulsive bullish candle could be the one that I'm waiting for, the reversal signal. Especially this is done with GBP bullish news, come with sufficient liquidity and reason for price to higher, this is when retail are giving up on short and look for long, and...
Based on most recent price reaction, I can see that price haven't found its top yet, price may still seek for higher price from here, even put in a new 4H HH. Price's reaction doesn't confirms my idea that it's about to start the bearish trend from this FVG. Learn to adapt. ATM, price is still being hold, there is a high chance that price will continue to seek...
Look at 4HTF, this is very interesting. 3pm, GBP CPI news released bullish, price then move higher from here, at this point it seems like price is reacting off very well to the support from the left, but this is an illusion. It's a trap that induces traders to jump into Long from here and thinking that this support will hold. In the HTF structure, GU has...
Bearish market is coming. GU is turning into bearish. Price is unlikely to retrace back up to the 15m IMB above, after the significant bearish push down happened.
The impulsive down move from 11:00pm USD news could just be a fake move. The intention of this big scary move is to create the illusion of UJ turning bearish again and making those who enter Long earlier from below exit their position at here before the real bullish move start. As if that was the reason for this impulsive down move to happen, I would expect Friday...
A new round of bearish Trend is coming: Absence of demand Based on how the price reacted to last Friday NFP & PMI, I can sense there is something happening in the market. Until Tuesday, I see there is an absence of demand, there is no support trying to hold the price, this shows me that the Buyside (buyers who look for Long) are now giving up their ideas, they...
Last Thursday: FOMC ends up favoring DXY, from the way price move up, I can tell there must be lots of Long position stacked below the open of the FOMC candle. However, price unable to follow through, this suggest that DXY is still in bearish trend, FOMC news is not strong enough to reverse the trend. As FOMC drive price to the opposing side, price is very...
SOS: GU is showing bullishness. Technical perspective: Look at daily TF, lows are being respected, demand is holding the price. First price come back down into the daily S2D after the bullish displacement (up into daily SIBI). Look at this bullish doji candle, the wick to upside showing there is supply trying to push price lower, but the next candle break through...