I called it out for everyone to get involved so hopefully at least one of you caught this beautiful trade with me.
SUI has recovered nicely since the dip however the volume across the market is coming down. The question is can this grind-up be sustainable? The momentum and trend are showing signs of class A bearish divergence. A structure or a retracement to historical levels of support would be the only way to plan a setup with a healthy risk-to-reward ratio.
The USD/JPY exchange rate as of December 12, 2024, reflects an increase of approximately 0.4%, reaching 152.50, driven by November's U.S. inflation data and expectations surrounding Federal Reserve monetary policy. The published data shows a 0.3% monthly rise in headline CPI, slightly above the 0.2% consensus, while core CPI remained stable at 0.3%. On an annual basis, headline inflation rose to 2.7% from 2.6%, and core CPI was steady at 3.3%, in line with projections. These results reinforce expectations for an interest rate cut by the Fed at the upcoming FOMC meeting, with an estimated 84% probability of a 25-basis-point reduction. Markets interpret the data as a sign that inflation is under control, potentially allowing the Fed to adopt a more accommodative policy to support economic growth. The 10-year Treasury yield, stable at 4.226%, indicates relative calm in bond markets, which may help limit volatility in the U.S. dollar. USD/JPY continues to benefit from the yield differential between U.S. and Japanese assets, supporting dollar strength. However, upcoming economic data, such as the PPI and initial jobless claims, will be crucial in confirming or adjusting market expectations. The 152.50 level represents a critical zone: a break above 152.80 could signal further bullish momentum toward 2024 highs, while a pullback might bring the pair to key support at 151.50. The current scenario suggests a consolidative phase, but incoming data and the Fed's decision will be pivotal in shaping future direction.
The last line I published went well so here's another. We're likely going to see 89k before we see an all time high - sorry.
Just thought i'd finally publish my silver chart since i've been watching silver crab along my line and it's getting close to takeoff.
Ton coin is approaching and trying to reject on the week looks like we could possibly be forming a double top
1️⃣ Bullish Triangle Pattern The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout. 2️⃣ Strong Support Level The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside. 3️⃣ Broken Resistance Line The descending trendline has been broken, signaling a shift in momentum toward buyers. 4️⃣ Potential Uprise The breakout suggests upside potential toward: ? Target 1- $71.23 ? Target 2-$73.00 ? Target 3-$77.54 Got questions? Let me know!
After a monstrous rise, the time came to catch his breath and prepare for a new year of ups and downs, but most importantly, to consolidate at this level. Before falling, our goal was to reach $169. Based on the current formations, everything seems to indicate that the trend continues. We must observe how an expanding wedge concludes at $155, followed by other patterns at $161, and finally, a very old one at $169 USD. Don't forget that NVDA is partnering with GOOGL on a groundbreaking quantum chip, a revolutionary development that is set to transform computation over the next decade.
I expect the pair to trade bullish before turning bearish
Greetings Traders, Today's analysis highlights significant bullish momentum in NAS100USD, driven by the heavy volatility following the CPI news release. Despite the bullish institutional order flow, there is potential for temporary bearish order flow. This could either serve as a brief retracement to meet specific objectives before continuing the bullish trend or, possibly, a full reversal of price action. While we must wait for further market confirmation, current conditions provide an opportunity to target the sell stop objectives highlighted on the chart. Key Observations and Confluences: 1. Institutional Price Delivery Insight: At present, price is positioned in a premium zone and has recently taken out Engineered Resistance Liquidity, where premium buy stops reside. Institutions often use this liquidity to pair orders by selling against these buy stops. Institutions, having sold at a premium, will aim to buy back positions at a discount (a process associated with profit-taking). Therefore, we anticipate price to move towards liquidity pools at lower discount levels. 2. Trendline Liquidity: The chart also reveals engineered trendline liquidity, a classic setup where retail traders buy along the trendline, leaving their stop losses below. Institutions view these stop losses as sell stops, representing willing sellers against whom they can close their buy positions. This makes these lows prime targets for institutional activity. The current evidence provides a strong foundation to anticipate bearish price action towards these liquidity pools, offering a strategic opportunity to align with the institutional narrative. If you have any insights, questions, or additional analysis, feel free to share them in the comments below. Let's collaborate and grow together as traders. Kind Regards, The Architect