Order Blocks are zones where significant buying or selling activity has occurred, often leading to notable price movements. Bullish Order Block: The last bearish candle before a strong upward move. Bearish Order Block: The last bullish candle before a strong downward move. Example: If you notice a bearish candle followed by a series of bullish candles breaking previous highs, the range of that bearish candle can be marked as a Bullish Order Block.
According to my analysis, the Forex pair USD/JPY will see a fall in the second half of the day. The Advanced Market Timing indicator is also substantiating my analysis. Use your own technical analysis for entries, stops and exis.
Weekly https://www.tradingview.com/x/wUyidmVT/ Last week's candle closed above the previous week's high reaching to a new high signaling a very strong bullish sentiment. In spite of price retreating over 1% from its peak showing possible profit taking, I still see a possible test of its peak. If there's any correction I see a possible target of 2982 lvl (fair value gap) Daily https://www.tradingview.com/x/2GCZ6p2J/ Daily candle looks bearish (correctiion) I have a feeling it will mitigate the daily Fvg nestled within the weekly fair value gap. Let me know your thoughs. I will update this post within the notes below.
Bias: Bearish USD News(Red Folder): -Flash Manufacturing PMI -Flash Services PMI Analysis: -Strong bearish closure on daily -Looking for continuation to the downside after 4hr structure retest -Potential SELL if there's confirmation on lower timeframe -Pivot point: 2040 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Technical Analysis Trade Setup: A long position has been placed, likely anticipating a breakout from a key resistance level. Entry Point: Near $86,148, positioned around a previous consolidation area. Stop-Loss (SL): Set near $83,188, below the previous swing low to manage risk. Take-Profit (TP) Targets: TP 1: Around $87,518, marking a critical resistance level. TP 2: Near $91,180, an extended bullish target in case of sustained momentum. TP 3: Final target at $95,329, indicating a potential breakout rally. Support and Resistance Levels: The support zone is identified near $85,324 - $83,188, protecting against a downside move. The resistance zone is around $87,518, a critical breakout level that could confirm further bullish movement if breached. Risk-to-Reward Ratio: The trade setup exhibits a high risk-to-reward ratio, suggesting a well-calculated bullish position with limited downside exposure. Market Sentiment & Outlook Bullish Bias: The setup indicates an expectation of continued upward momentum if BTC successfully breaks the $87,518 resistance level. Key Considerations: Macroeconomic Factors: Interest rates, inflation, and Fed policies could impact BTC’s trajectory. On-Chain Metrics: Monitoring BTC’s network activity, whale accumulation, and exchange flows can provide additional insights. Market Volatility: BTC remains highly volatile, and traders should watch for volume confirmations and potential false breakouts.
ECONOMICS:GBINTR March/2025 source: Bank of England https://www.tradingview.com/x/7E302sns/ - The Bank of England voted 8-1 to keep the Bank Rate at 4.5% during its March meeting, as policymakers adopted a wait-and-see approach amid stubbornly high inflation and global economic uncertainties. The bank highlighted that, given the medium-term inflation outlook, a gradual and cautious approach to further withdrawal of monetary policy restraint remains appropriate. CPI inflation increased to 3.0% in January, and while global energy prices fell, inflation is expected to rise to 3¾% by Q3 2025. Also, the MPC noted that global trade policy uncertainties and geopolitical risks increased, with financial market volatility rising. source: Bank of England
Bullish Breakout Scenario (Reversal): Alternative Idea: Instead of reversing at the strong selling zone, GBP/USD could break above the resistance level at 1.2940 and continue upward. Trigger: If strong bullish momentum emerges (e.g., fueled by positive UK economic news or weak US dollar sentiment), this could invalidate the bearish setup and turn the trend bullish. Next Target: A breakout might push the price toward 1.3000 or higher, targeting previous swing highs. 2. Range-Bound Movement: Alternative Setup: GBP/USD may fail to show any clear breakout and instead consolidate within a tight range between 1.2880 and 1.2940. Trigger: Lack of volume or mixed economic data could lead to sideways movement, trapping traders expecting immediate directional momentum. 3. Bullish Divergence Possibility: Technical Suggestion: Check for a potential bullish divergence on momentum indicators like RSI or MACD, where price is making lower lows, but the indicator shows higher lows. Implication: This could signal weakening bearish pressure, increasing the chances of a reversal. 4. Fundamental Risk: Macroeconomic Impact: The chart analysis could be disrupted by upcoming events like central bank decisions, inflation data, or geopolitical developments that may favor either currency
ECONOMICS:JPIRYY February/2025 source: Ministry of Internal Affairs & Communications https://www.tradingview.com/x/R8hbXLAC/ - The annual inflation rate in Japan fell to 3.7% in February 2025 from a 2-year high of 4.0% in the prior month, amid a sharp slowdown in prices of electricity (9.0% vs 18.0% in January )and gas (3.4% vs 6.8%) following the government's reinstatement of energy subsidies. Also, food prices rose slightly slower after hitting a 15-month high in January (7.6% vs 7.8%). Further, inflation eased for healthcare (1.7% vs. 1.8%), recreation (2.1% vs. 2.6%), and miscellaneous items (1.1% vs. 1.4%). At the same time, education costs continued to fall (-1.1% vs. -1.1%). In contrast, inflation remained steady for housing (at 0.8%) and clothing (at 2.8%), while accelerating for transport (2.4% vs. 2.0%) and furniture and household items (4.0% vs. 3.4%), and bouncing back for communications (0.1% vs. -0.3%). The core inflation rate dropped to 3.0% from January's 19-month top of 3.2%, above forecasts of 2.9%. Monthly, the CPI dropped 0.1%, the first fall since September, after a 0.5% gain in January.
NASDAQ price action went through a massive correction with a drop from the top worth approx. 14%. However after the passing of the latest FOMC Meeting, we may finally see a direction towards the resolution of widespread tariff based uncertainty across the macro economic landscape. This presents us with a potential Reversal opportunity if we see the formation of a credible Higher High (given a potential proper break out) on the 4 HR and shorter timeframes. Trade Plan : Entry @ 20045 Stop Loss @ 19070 TP 0.9 - 1 @ 20923 - 21020
Technical Analysis Trade Setup: A buy position has been placed based on a key reversal area, suggesting a potential bullish move. Entry Point: Positioned slightly above a previous support zone. Stop-Loss (SL): Set near $2,969.921, below the reversal zone to mitigate downside risk. Take-Profit (TP) Targets: TP 1: Intermediate resistance level. TP 2: Higher resistance zone, indicating moderate price appreciation. TP 3: Final profit target, suggesting a breakout scenario. Support and Resistance Levels: The reversal area has been identified as a critical support level. Resistance is observed near $3,057.993, which represents the potential upside target. Risk-to-Reward Ratio: The trade exhibits a favorable risk-to-reward ratio, with the take-profit zone significantly larger than the stop-loss area, indicating a bullish outlook. Market Sentiment & Outlook Bullish Bias: The setup suggests an expectation of price appreciation, provided the support holds and momentum sustains. Key Considerations: External factors such as U.S. economic data, Federal Reserve policies, and geopolitical events could influence price movements.