s&p 500 analysis - 03 mar 2023hope all you traders are doing great! here are my observations of the s&p...
- so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected
- the rejection of yesterdays daily candle are seen as an inverse head and shoulders on the H1
- yesterdays candle closed off bullish, and with a lot of momentum seen by the long body
- and it broke through an intraday level of resistance 3968.71 which is now our support, but price has already retested that level on the london open
- so now i am currently waiting for my peach resistance to get broken and i will go long on the retest of that zone
- but i could be wrong this is just what I THINK WILL HAPPEN ;)
Ftmo
USD/CAD Trade ReviewHello Traders,
This is a NFP Trade review for USDCAD.
Price was riding the uptrend to bait traders into buys then NFP news release took back all the liquidity in shorts instantly
FTM ANALYSIS#FTM UPATE.
#FTM is trading nowhere but in the accumulation range since a week now now.The next could be possible in ether direction depending upon the next btc move ,on breaking upside the red line will the next resistance which can be tested on 2-3H TF.
GOLD Humpday I charted everything last night, I seen that price was rejecting 1775.400.
I waited for price to come back around this range to enter into a possible bullish setup.
around 8:30-9am i noticed priced was approaching 1775.400 again.
Waiting for extra confirmation. I entered once price closed above the highest burgundy arrow (1775.400)
exited once price started showing signs of reversal.
Happy Wednesday Traders!
GBP / USD After black spike i see oportunityMarket in my opinion gonna brake support level and brake this zone into lower target
GBP / JPY I see oportunity to go downAfter fake brakout with not much money going up, market need to take a big deep to took money and make some more moves.
USD / JPY I see double top pick after strong pickIn my opinion market gonna go down after hard to gain double top, and must do correction with price.
GBP / JPY I see oportunity to brake 166.548 key levelIm looking for buy at 166.550 level becouse we can see braking force attacking this key level.
GBP / USD After long run up i see option to market go downI see market fake brake up after 1 breake to take money and make massive drop to down.
USD / JPY I see potential to go strong up.We see market staying with strong force to brake 135.670 area after multiple pick.
GBP / JPY I see potential to go upMarket after weekend have strong force to pull up gbpjpy higher and brake interesting key level.
USD / JPY Potential for pull upI see after weekend power and fresh cash to go up. Market after very long drop should go even litle 100 pips up.
USD / JPY I see oportunity to go longAfter market drop i see weaknes on going downtrend and possible reversal
GBP / USD I see weaknes at resistance levelI see weakness at resistance level which shows no buy oportuniny. I dont see any buy signal.
USD / JPY Strong possible pull upI see after downtrend strong momentum cumulating on actual zone. I think market go up after litle correction.
GBP / USD Double TopI see weaknes at double top level on D1, and i think market gonna drop becouse of low equity and strong up before.
EUR / USD WeaknessI see weakness at 1.04058 and in my opinion the weak support gona brake. I prefere see market going down at this situation
US30 Mean Reversion TradeThis is a daily chart of the #US30 taken this morning. It's important to note that today ties the longest run of the year without the daily bar testing the 20 day moving average.
Back in August, it ran away for 24 days, ultimately to come down aggressively on that day to touch/retest the average. Today, we're extended yet again by 24 days and traders are aware that a mean reversion is imminent.
Be mindful of this in your trading right now. No one can predict when the move down will happen, but it will. It's 1000 points away so expect some big moves.
I anticipate a trend from the open any day now, if not today.
GBP / USD I see market try to push price to top border.I think market gonna brake top resistance level becouse of lot buyers at this zone.
USD / JPY I see not much buyers on actual zoneIn my opinion market is gona go down becouse of not seeing much buyers active. Im looking to take a sell on it.
EURUSD / GBPUSD / USDCAD / USDCHF Weekly Forex AnalysisEURUSD and GBPUSD are making short-term bullish bias before the next big drop in this case we are finishing the wave C correction move. USDCHF and USDCAD are opposite to what the XXXUSD pairs are doing meaning we are making short-term bearish moves. But on the USDCAD we are making a wave 4 pullback before the next drop and on USDCHF we are in a leading diagonal pattern corrective phase.
AUDUSD Potential Sell-OffAUDUSD is in an impulse move in the downtrend direction. Few ways to identify an impulse move - waves 1 and 4 shouldn't overlap, and wave 3 is never the shortest wave compared to waves 1,3, and 5. It's clear that we will soon see a sell-off to complete the fifth wave.
EUR/USD Short Friday 21 OctEur/Usd, went short after 5m shift candle (engulfing). Bearish trend, Liquidity done and retested. Let's see how it plays out.
