Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
English : According to our analysis, we anticipate a BEARISH scenario. Morocan Darija : kanchofo d'apres l'analyse dyalna antsanaw HBOOT ATENTION : I only share my ideas, not signals.
Quick update on QQQ with a look at the 4-hour chart. ? Technical Analysis (TA): * QQQ is at a critical resistance zone around $479-$480—key decision level here. * Recent Change of Character (CHoCh) suggests bulls might take control if price breaks higher. * Strong support formed at a Break of Structure (BOS) around $466; keep this level on radar if price pulls back. * Watch closely the next resistance zones around $495 and a major overhead barrier at $502. ? GEX & Options Insights: https://www.tradingview.com/x/KBBoqpEW/ * High negative NET GEX at $466 marks critical PUT support—a strong floor area. * CALL resistance appears clearly around $495-$510, with a significant gamma wall forming. * IV Rank moderate at 42.8%, indicating reasonable premium—suitable for spreads or moderate premium selling strategies. * PUT sentiment at 32.5% signals bearish bias, keeping bulls cautious. ? Trade Recommendations: * Bullish Play: Wait for a confirmed breakout above $480 for a bullish run to $495 initially, and possibly higher towards $502. Set stops tight below $475. * Bearish Play: Look for a clear rejection at $480 to enter puts targeting the support at $466. * Neutral traders might explore credit spreads or Iron Condors between clear zones ($466–$495). ? Risk Management: Ensure disciplined stop-loss placement, especially in this range-bound scenario. Stay safe and trade wisely! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
This is different to what I had initially devised. It looks like character has changed to go to the upside - I am expecting gold to push up instead now. I’ll try and update where I can. I have no entries atm this is just a theory. N.B.: This is not financial advice. Trade safely and with caution.
Based on the 4H timeframe, you can see that the market has respected the ML, and as such now trends in a bullish trend. It is likely to be a slow rise, but a rise passing the previous ATH. Lets go!
English : According to our analysis, we anticipate a BULLISH scenario. Morocan Darija : kanchofo d'apres l'analyse dyalna antsanaw TLO3 ATENTION : I only share my ideas, not signals.
English : According to our analysis, we anticipate a BULLISH scenario. Morocan Darija : kanchofo d'apres l'analyse dyalna antsanaw TLO3 ATENTION : I only share my ideas, not signals.
has it tapped the bearish zone? for sell off a buy back to test that same level, japan is up in some hours, that will confirm what levels london and newyork wanna buy or sell. lets see. im in sell here, stops are above the previous high, for keeping it some percent above the risk zone. do your own analysis, gg
a prediction might be justified and what factors to consider: 1. Fundamental Analysis U.S. Economic Strength: Strong U.S. economic data (e.g., GDP, Non-Farm Payrolls, CPI) could boost the USD, pushing EUR/USD lower. Hawkish Federal Reserve (Fed) rhetoric or rate hike expectations could strengthen the USD. Eurozone Weakness: Weak Eurozone economic data (e.g., German Industrial Production, Eurozone PMI) could weigh on the EUR. Dovish European Central Bank (ECB) policies or concerns about recession in the Eurozone could weaken the EUR. Interest Rate Differentials: If the Fed is expected to raise rates while the ECB holds or cuts rates, the interest rate differential would favor the USD, pushing EUR/USD lower. 2. Technical Analysis Key Resistance and Support Levels: Identify major resistance levels where EUR/USD might reverse. For example, if EUR/USD is approaching a strong resistance level (e.g., 1.1000), it could trigger a bearish move. A break below key support levels (e.g., 1.0800) could confirm a bearish trend. Trendlines and Moving Averages: A break below a rising trendline or key moving averages (e.g., 50-day or 200-day MA) could signal a bearish reversal. Chart Patterns: Look for bearish patterns like head and shoulders, double tops, or bearish flags. Momentum Indicators: Use indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to confirm overbought conditions and potential reversals. 3. Market Sentiment Risk-Off Sentiment: If global risk sentiment turns negative (e.g., due to geopolitical tensions or stock market selloffs), the USD could strengthen as a safe-haven currency, pushing EUR/USD lower. Positioning: Check Commitment of Traders (COT) reports to see if traders are heavily long EUR/USD. Overcrowded long positions could lead to a sharp reversal. 4. Catalysts for a 130-Pip Move Upcoming News Events: Major U.S. data releases (e.g., NFP, CPI, Fed meetings) or Eurozone data (e.g., ECB decisions, German ZEW) could trigger a 130-pip move. Break of Key Levels: A break below a major psychological level (e.g., 1.0800) could trigger stop-loss orders and accelerate the bearish move.
Quick look at PLTR’s current setup on the 4-hour chart. ? Technical Analysis (TA): * PLTR is testing critical resistance within a descending channel around $86-$90; important decision point here. * Recent Change of Character (CHoCh) hints bullish momentum might be picking up. * Watch carefully the $90.94 level for breakout confirmation. * Strong support clearly established at recent BOS level around $71.81–$78.45. Crucial floor if price retraces. * Significant overhead resistance near $125 if a strong breakout occurs. ? GEX & Options Insights: https://www.tradingview.com/x/CprLvoRS/ * Strong positive NET GEX and CALL resistance at $100; key gamma level to watch for potential moves. * Robust PUT support clearly marked at $70; strong floor for downside protection. * IV Rank extremely high at 74.2%; premiums rich and ideal for selling options or using defined-risk spreads. * CALL ratio at 44.3%, suggesting mixed sentiment, slightly leaning bearish. ? Trade Recommendations: * Bullish Play: Confirm breakout above $90.94 before entering calls, targeting up toward $100 gamma wall initially. Keep stops just under $85. * Bearish Play: Watch for a strong rejection at current resistance levels; consider puts back toward $78 and potentially lower. * Neutral setups: High IV makes Iron Condors or premium collection strategies attractive between clear levels ($70–$100). ? Risk Management: With elevated volatility, tight stop-losses and careful position sizing are essential. Stay sharp, traders! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.