This is what I am seeing. 68,500 is the bottom of channel support. The Fib retracements are a pretty big deal if you want to know where support lies.
Last week ended bullish for the pair, but there is a correction occuring at the moment so we will follow the MTF internal structure (bearish) until it reaches the daily and 4h POI to look for bullish price action. Internal MTF structure is always king and we will need that to shift before looking for longs. Major news: Inflation - Thursday Thanks for stopping by and goodluck!
I'm no professional trader, so please don't quote me on this. But I've been doing this for 5 years now, and one thing that i notice time and time again is how just before a big push up there's always a low created first. Almost like the draw of a bow and arrow. So with that theory as well as my strategy applied, this is what i think Nasdaq is preparing to do.
Did not pick up bearish exposure on spy before tariffs and uncertainty
Last week was clearly bearish leading to all time frames being bearish. Starting the week with a high probability POI to look for entry models from to take shorts to the next daily demand level. Impactful news: Inflation 4/10 Thanks for stopping by and goodluck traders!
Tesla shall be hitting 212 in this week and we may see 180 this month.
Great moment to buy, go bullish with a low risk- Have a fun with Elliott
## ? **#XAUUSD – H4 Time Frame Analysis** ? **Refining the Chart:** Switching from the **Daily to the 4H chart**, we can clearly spot some **key levels** worth watching. ✅ The **$3012–$3027** zone acted as a **strong demand area**, and as expected, we got a **solid bullish H4 candle close** ? from that zone — just like we highlighted during Friday’s session. ? **Bullish Expectation:** I’m expecting **further upside** on gold. Minimum target zones to watch: - ? **$3070** - ? **$3084** ? These levels might trigger **temporary rejection or a reversal**, so stay cautious as price approaches them. ? **What’s Next?** I'm about to share the **H1 setup** shortly, where we’ll plan our **precise buy or sell levels** ?. Stay tuned! ? ? **Important Note:** If price **breaks below $3000** and we get a **bearish H4 candle close**, we will **shift to a sell bias**, targeting: - ? **$2950** - ? **$2932** Aggressive Trader May Switch to Sell below 3015 H4 Fully Bearish Candle
Genius I know right. I though I was special calling for a big drop on XPR and closed out a nice trade to start my week with my morning coffee here in NZ. Of course I look at the rest of the market and see that the drop was clearly across the board. I don't feel as special, but still happy. And will be really happy if we are close to a support level on ETH after this 10% drop. I am already in long with some size and ready to average into a much bigger long position. This is where I am happy to not run close stops, size up without crazy leverage and let my liquidation point act as my stop. Very rarely, but this is a very good opportunity in my opinion. Just be mindful to have a plan if we go lower, but I think we will retrace back up to $1687 within the next couple of hours.
EURJPY: A BREAK & CLOSE BELOW 160.440 should indicate strong bearish momentum.