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#SPX - 22 MarchSPX was much sideways yesterday after the rally on FOMC the day earlier. SPX opened and moved up to first resistance before pulling back, but did not touch the bottom level. Some weakness towards the end of day as it is unable to go higher. Still SPX closed green. I said I will scalp for the pullback. It was not easy as there were "strange" rotations between strength of DJIA and NDX, though eventually there was a pullback. What's for today? I would say, not easy to say, so trade using the levels. Highs is definitely not in yet; just whether we will get a pullback before further up. And even if one gets a pullback do you trade this pullback. Price is at the PZ now; sure it can go up from here; and if it breaks, 5243 double level support is there which is another bounceable level. I would go for a move down to 5225 before the bounce though. This would be based on SPX breaking 5253 and NDX breaking 371 for the move lower.
OANDA:SPX500USD
by FadeMeIfYouCan
#EURUSD - 21 MarchEURUSD's plan worked out perfectly yesterday as per the path given. I gave a long from 1.0837 level and it hit the level perfectly before rallying 100 points beyond my target. What is it for today? Price action is bullish, bias is to the upside, but in what manner will it move? IMO, I see a pullback before further upside, thus I would wait for one (and possibly missing the trade). I see a pullback to PZ before further up. How deep into the PZ I have no idea but IMO, 1.0881 will be ideal, while even 1.0865 dip is still bullish to me for the move higher.
by FadeMeIfYouCan
#EURUSD - 20 MarchYesterday, EURUSD made a huge down then up move. Levels worked perfectly fine though path wise was slightly off. I was looking for either price to open and go higher or it hit the PZ then came down to new lows. EURUSD did initially base off previous day's low, touched the PZ bottom perfectly and started its sell down of 40 pips hitting the level below before recovering strongly. It closed red but with a long lower wick, which IMO is indication of price bottoming. I will thus again go with this thesis. Could see a dip below but am looking for it to be bought up for a move higher. Overall, as long as 1.0841 holds, look for a long to 1.0901 double levels.
by FadeMeIfYouCan
4
#EURUSD - 19 MarchEURUSD made a good up move then sell down. I was looking for the up, and it did go to the level given, though my target was the one above. Still there is money to be made. And we got a good perfect rejection off the double resistance level and it flushed lower. Price action looks bearish and point to further downside. I shall not fade that, though personally I am not that bearish, thus I would likely step aside. Ideally, if I were a seller I would like a pullback to go short into, and that pullback would be at the PZ. If I am a buyer, I will look for a failed test of yesterday's low (yellow line) and a bullish reversal candle for a long, to target the PZ then yesterday's high. If somehow EURUSD does tank for a trend day, 1.0817 will be the level to watch to take profits off shorts and look for long for a bounce. Do note I changed the color of the lines - cyan is intraday levels, purple is weekly levels and orange monthly levels to indicate strength of the levels.
by FadeMeIfYouCan
#EURUSD - 18 MarchI was looking for a possible bearish continuation on Friday, but it was much a ranging move on Friday. Market did move higher to re-test the PZ (though the bottom) and market found a rejection at the bottom and closed near the mid point of the range. We have a green daily candle for Friday. Is market consolidating before further down or is the near term low made and market is going to move higher? IMO, EURUSD is looking to bottom and thus IMO EURUSD will move higher from here, find resistance above before possibly coming down. Price is at the PZ. A break above PZ would see further move to 1.0901 and 1.0907, both of which are higher timeframe resistance. IMO could see a test of 1.0909 and pullback, and if price can be accepted above 1.0901, EURUSD will move higher
by FadeMeIfYouCan
#GBPUSD - 15 MarchGBPUSD worked out good, was wrong on the level to go short but the short from higher gave a better opportunity and we got a good trend day all the way to move down to close near the lows. Based on the bearish price action, looking for further downside for today. Price has drifted down, though a pullback to the PZ will, IMO, a good opportunity for short. 1.2677 is the price target I have, though the strong levels in between could act as strong supports and cause a bounce.
by FadeMeIfYouCan
#GBPUSD - 14 MarchI am looking for a move lower for GBPUSD yesterday on rejection off the 1.28 strong level. GBPUSD did close slightly higher but overall GBPUSD is much in a tight range yesterday and GBP is weak. Overall, it is anyone's guess what would be the next direction but regardless, trading based on the levels would work. But I would say that, I am looking for 1.28 to hold as resistance and have a move lower especially on the break of the PZ to possibly re-test Tuesday's low.
by FadeMeIfYouCan
2
#EURUSD - 13 MarAlgo levels worked perfectly yesterday as both the lows and highs for the day for EURUSD were perfectly given by the levels. Lots of opportunities on both longs and shorts. EURUSD closed with a doji candle which is some sort of indecision. TBH yesterday's CPI data is hotter than expected but not a lot; thus market did not really care. But IMO, price action for EURUSD looks toppish now, thus we could get another move down. A break of PZ would be to target the 1.0905 double support level. If sellers can bring EURUSD below 1.0905, could see further selling to below supports.
by FadeMeIfYouCan
#DAX - 6 MarI was looking for a move lower for DAX yesterday and we got the move (). Levels worked perfect despite the somewhat choppy movement (DAX was strong despite weakness in the US indices). The strong level below held perfectly while the level above also provide a good short during the US session and mentioned in the group chat. If I look at the daily candle, price action still looks bearish and toppish to me. I am still in the opinion of weakness in DAX for today. Currently DAX is rather strong; so I am not surprised if DAX test the 17743, form a double top but come down lower, with 17657 as first target and further down to 17565. If I am right on the down move today, I would think the magnitude of down move will not be as significant as that of yesterday. But do note that Powell will be speaking today. Not sure what he will say, but IMO market is bulled up for rate cuts. If Powell say something about not cutting rates, that will be bad news IMO. Looking for a bounce off the 17565 level, but if break, strong levels below would be 17479 and 17417.
OANDA:DE30EUR
by FadeMeIfYouCan
#EURUSD - 5 MarYesterday I was looking for EURUSD to test first resistance at 1.0857 which is the level to watch for a possible rejection for a lower high, or a move higher. Indeed, 1.0857 worked good for a 15 pips sell off the level. However, after a double re-test, EURUSD moved higher. Still it would be a breakeven or a small profitable trade. EURUSD closed green which looked to be more bullish than bearish. But from current looks, EURUSD is still much in range and it hit the highs yesterday, formed what could be a double top given the rejection. I would look for price to keep below OP 1.0855 for a possible down move to 1.0833 before further upside. 1.0833 is key level to watch; a break below 1.0833, and a daily close below this key level could bring further downside.
by FadeMeIfYouCan
#DAX - 4 MarOn Friday we saw a change in the strength of DAX as it hit new ATH but came down after while US indices was stronger and rallied to ATH after. Some rotation that is, given how DAX was rallying the days prior, while US indices, especially on Thursday, dipped and recovered, setting up for the continuation on Friday. DAX I gave a long from bottom of PZ but DAX hit the mid of PZ and recovered 70points. Price is opening at the PZ now. Overall we can see weekly price action is bullish so could see further upside this week, but I am not discounting a possible pullback first. A pullback to 17459 will still not change the trend. Daily wise, bearish divergence so could be sign for a pullback. Could do a short below 17753 PZ, or wait for the longs after a pullback. Target for short would beg to 17629/47 which is a strong level, and would give an opportunity to look for longs for a move higher. If market continue to go up from here, I would like to take a counter trend short at 17845 back to PZ.
OANDA:DE30EUR
by FadeMeIfYouCan
#EURUSD - 2 FebI was bullish EURUSD yesterday on the divergence which worked well, not perfectly. Initial long on holding of strong level did not work; the second long off the support below almost exactly held the low, before the rally. Rather huge rally, going to the highs, but still below Wednesday's high. Lots of levels above, 1.0885 strong level, 1.0865 strong level below, which could be holding. So price is stuck between two strong levels. I see a possible pullback before further up. Possible move would be price take out 1.0885 on a fake breakout, but get rejected for a down move to 1.0826 and 1.0810 which would be a good level to go long from to target 1.0885 and 1.0905. Reason for the pullback is the bearish divergence. No need to trade the pullback; can wait for it to happe and go long.
by FadeMeIfYouCan
#GBPUSD - 01 FebGBPUSD is basically stuck in the 180 points range for over a month. I was looking for a possible breakout yesterday but no, price is still in a range. Again I have no strong views on GBPUSD except to possibly take it level by level. Yesterday's move formed yet another doji but a bearish one. It is reasonable to expect GBPUSD to go down further today given that Fed is not going to cut rates early, but IMO better to stay prudent and take it level by level. Trend is down; a possible retest and failure of 1.2700/710 is a possible short to target 1.2648 and 1.2606. But I will not be surprised if 1.2648 holds again for a move back up, as the ranging continues.
by FadeMeIfYouCan
#EURUSD - 01 FebThe path I gave was rubbish at best, but the levels worked perfectly. I was looking for a more bullish case and it would be a test of 1.0865 before a short down to test below support and rally higher. But we dip initially, didn't touch the buy level but made a higher low and rallied to touch the level at 1.0886 perfectly below a drop down the buy level. Is it a buy from here? 1.0800 is a strong level and price is basing at this level, with bullish divergence. Looking for a long here, with stops below 1.0796 to target 1.086 and possibly 1.0886.
by FadeMeIfYouCan
#EURUSD - 23012024Yesterday; I called for a move down from strong level then up. We got the down to the buy level and we got a bounce but eventually it closed near the lows with price unable to break the BZ. If I were to short, I would like to see a re-test of 1.0904 strong level for a rejection to target 1.0862. If market just move down from here, I am looking for a possible down move to 1.0862 to form a higher low for a move higher. Next strong support is 1.0842 for the long to 1.0902 then 1.0962.
by FadeMeIfYouCan
ITI for Swing/Positional ViewITI Prediction for Swing/ Posional Trading First trendline breakout at Entry 1 level. You can entry at Entry 1 level above 125.5 but there is a resistance 132-134 level. You can enter in trade at Entry 2 level above 134 close daily basis or you can entry at any of the above levels according to your experience. SLs- 122,118,112( according to your entry and RRR) Targets- 144,165,197,250,… Intermediate Targets- 140,155,176,187,208,219,229,240,260,… According to your “STOMACH” book your profit. Always maintain your risk management. Watch Carefully – The Chart Explains For Itself. Can anyone tell me which chat patterns are shown up here? Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Request: Please support by Like, follow, comment, share and boost. Happy trading. About ITI - ITI Ltd. engages in the business of manufacturing, trading, and servicing of telecommunications equipment and rendering other associated and ancillary services. It offers telecom products and total solutions covering the whole spectrum of switching, transmission, access, and subscriber premises equipment. The company was founded in 1948 and is headquartered in Bangalore, India. You can follow me in social media through links given below-
NSE:ITILong
by suraranjanganguli
#EURUSD - 15012024I was wrong on the lows of EURUSD on Friday. I was expecting a bounce off the weekly level but it hit lower to the next support before a huge move back to the highs, then cool off towards end of day. It is supported by the WBZ, weekly price action is neutral to bullish while daily price action is bearish. I said many times GBPUSD is stronger than EURUSD now and a better long. But still for EURUSD, as long as price get over 1.0966, expect quick move up to 1.0996 and 1.1044 within two days.
by FadeMeIfYouCan
#DAX - 03 JanI was wrong in the direction yesterday. DAX did rally from opening to my target, it hit higher resistance before faltering. I said NDX had a strong resistance and it held completely. Interestingly, DJIA held the selling and see the recovery in DAX towards the half way but NDX is weak. Price action is neutral to bearish and price opened within the BZ. I would say can play both sides today. Market would need to retest the lows before any recovery IMO. So IMO, I will look at 16823 for a possible short to re-test 16677. 16645 is the next support for a possible long for a near term low. Overall, I am still neutral of the whole move (from bullish)
OANDA:DE30EUR
by FadeMeIfYouCan