EUR/USD short from 1.05993With the extreme bullish price movement on the dollar and the continual downtrend on the HTF of the Euro we can expect price to continue in its downward move.
I can expect to see market open and Asian session consolidation before price pushes up taking the Asian session liquidity and reacting from my LTF zone to continue in its downtrend. This is further supported by the fact we see a large wick to the upside before seeing a strong bearish candle suggesting price strength is to the downside.
It is also possible price could push up slightly further as we are beginning to see some HH and HL forming on the LTF signifying a retracement to collect more liquidity before price continues in its downtrend from a 6H supply above.
Choch
XAU/USD to continue dropping?From both technical and fundamental analysis I believe we should be seeing the beginning of a gold drop. Gold has been nothing but bullish with extreme euphoric movement. Following Donald Trumps win in the American election we can expect the dollar to begin its bullish ascent meaning that its time for the XAU/USD to finally start its descent.
from my charts we can see that I predict a slight bullish move from the market open reacting of an 8H Imbalance taking Asian high liquidity from the upside and reacting from another 8H IMB to ultimately continue in its downtrend at least until the daily zone that caused a previous break of structure to the upside.
REFIXED !!! Wait for lower time frame change of character !.Hello everyone, hope we are all having a wonderful day !.
I still strongly believe price is going to continue its sell.
Wait for a change in character in M5 to M15 then wait for a retest after the CHOCH before selling...these are the confirmations i'm mainly looking forward to before risking my money.
Do not forget to use proper risk and money management if and when you decide to tag in for the sell.
A1+ setup, lets catch 100pips tomorrow while risking just 10pipsSwitch to a lower timeframe (M15/M39) to properly see the change of character with the breaker block that took the low. Price is now trying to push up to the order block which it should reject from then push down to give us our 100 pips setup which is highly probable considering this week is CPI !.
The stop is just 10 pips, look for entries before or during London session tomorrow.
Apply proper risk and money management !.
POWRUSDT | UP THIS WEEK!I’m feeling bullish about this week for crypto, and POWRUSDT is looking primed for an upward move. Here’s why:
Market Momentum
• ETH ETF Launch: With the ETH ETF trading this week, we’re expecting a ripple effect across the altcoin market. 🚀
• Crypto Sentiment: The market is buzzing with optimism, and altcoins like POWR could ride this wave.
Technical Setup
• CHoCH Formation: POWRUSDT recently created a Change of Character (CHoCH), signaling a potential reversal and bullish momentum. 📈
Strategy
I’m aiming for a solid 1.78:1 Risk-Reward ratio, which is quite promising given the current setup.
Action Plan
Long on POWRUSDT, leveraging the positive market sentiment and technical signals. With the ETF launch potentially sparking a broader market rally, this could be a golden opportunity.
Let’s ride the wave and see how high we can go! 🚀✨
Good luck, everyone!