Followthemoney — Trading Ideas on TradingView

EURUSD Potential Shorts (Technical Analysis)Overall Context: The dollar's been flexing its muscles lately, and EURUSD is feeling the pressure. We saw some crazy gaps when the markets opened on Monday morning – a sign of shaky liquidity, which usually snaps back. But with the trade war rumbling on, who knows? As traders, we've got to stay prepared, expecting a correction but ready with our contingency plans if it doesn't happen. Let's dive in - Technical Outlook: Failure of the previous accumulation cycle - Classic Wyckoff stuff, cycles run their course. A re-distribution is likely on the horizon, especially if the lower timeframes agree with the bigger picture. (Fractally, we need to see the LTF accumulation fail and for distribution to align with the HTF sentiment and cycle). Price has broken to the downside and has created multiple lower highs. Trading below the 200 EMA and has recently tested and bounced of the 50 EMA (at a correlating level of supply) Keep in mind that USDJPY and EURUSD are inversely correlated and are currently in line - While the inverse correlation is a significant factor, it's not the only thing that influences these currency pairs. Interest rates, economic data, and global events can also play a role and we know how that story looks at present so this is just additional confluence for us. Potential Scenarios & Probabilities: Scenario 1 (High Probability) - Price will pull back into the supply and drop from there. Scenario 2 (Medium Probability) - Price will continue to plummet and break structure to the downside. Trading Considerations: If price fills the gap and reaches supply levels above, you should wait for bearish confirmations to get involved. If price drops past the previous low, identify new levels of supply and trade accordingly. (I'll try to post an update if this happens). Final Notes: Strong technical picture but this week has a lot of upcoming economic events (NFP, anyone?). With the Tariffs imposed so close to the NFP release one can only assume there will be a power play by the Trump administration which we may not see coming. All we can do for now is follow the money flow to stay in the know! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk and may not be suitable for all investors. Conduct your own research and consult with a financial advisor before making any investment decisions. OANDA:EURUSD TVC:DXY FX:USDJPY

#Avalox Wide range still reigns If this zone breaks downwards, I can be convinced that the huge downward trend continues, but this wide gap still confirms buyer and seller indecision.

NZDCAD || Going Long || W6 Series of HHs and HLs >> UPTREND Going Long HL @ 0.618 Fab Retrancment Price Action following and Upward Trendline

Going through the FANN!My message is in the title, and it should moon with a low market cap, and let's be serious, the people backing this will not let it fail.

We have faith in LVS to make up big ground Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 2, 2022 with a closing price of 44.4. If this instance is successful, that means the stock should rise to at least 44.86 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.912% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 11.262% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 21.391% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).

EURGBP $HORT$price is beginning to gain bearish momentum . no rejection with daily close .. may gap up if it does or i start to see price break my reference areas on this chart will solidify shorts for me for a couple hundred pips potentially especially with GBP strength gaining as well