Smart Money Play for US500 The setup suggests a potential for continuation in the primary uptrend but warns of possible near-term exhaustion. This strategy focuses on monitoring support levels during a pullback to position for a high-probability entry in line with the trend. 1. Identify Key Support Levels for Potential Pullback • Daily HVN Nodes: The daily HVN...
Smart Money Play for Gold The primary trend shows bullish signs overall (above the daily Ichimoku cloud), but recent bearish momentum and trend breaks suggest caution. Here’s how to approach it: 1. Confirm Support Around Key Levels • Price recently bounced off the 2670 level, which aligns with the 50 SMA on the daily and acted as a previous turning point. This...
Smart Money Play for US100 With US100 at all-time highs (ATH) and showing signs of overbought conditions, it’s best to look for a well-timed entry in line with the bullish trend, ideally after a slight pullback to a support level. However, caution is essential due to signs of weakening momentum on lower timeframes. 1. Pullback to Support • Price is well above...
Smart Money Play for GBPJPY With GBPJPY showing signs of support in the current range, the smart play would involve waiting for confirmation of continued strength before entering long, or positioning for a minor pullback in line with the recent shift in momentum. 1. Identify Key Support Zone • Price is currently testing the 100 SMA on the 4-hour chart and is...
Smart Money Play for EURUSD The goal is to wait for a pullback to resistance within this bearish trend, then position for a continuation downwards. Here’s a structured approach: 1. Look for a Pullback to Resistance: • Since price is in a previous consolidation range, watch for a pullback to a level of resistance, possibly near the upper bounds of this range....
XAU/USD Weekly Chart Analysis: Price Levels & SMAs: The price remains firmly above key SMAs, with the 200 SMA at 2,108.18, 100 SMA at 2,295.55, and 50 SMA at 2,611.99, confirming a strong uptrend. Recent price action shows a small rejection near 2,760, suggesting potential exhaustion or profit-taking at this resistance zone. The price remains above the Supertrend...
Weekly Chart Analysis: Key Price Levels: Current price: 20,095, hovering near the 20 SMA at 19,609, acting as immediate dynamic support. Volume Profile Point of Control (POC) sits at 18,403, previously serving as support during significant pullbacks. Price trading within the Bollinger Bands, indicating possible consolidation or slight correction before a stronger...
1. Weekly Overview: Primary Trend: The US100 is in an overall uptrend with price above key moving averages on the weekly chart. This trend remains bullish as long as price stays above critical support levels. Key Levels: Resistance: 20,400 (near-term resistance); 20,755 (recent high); 20,899 (1.618 Fibonacci extension). Support: 19,573 (0.786 Fibonacci level);...
Hey folks, today we're going to dive into USDJPY taking a closer look at the weekly, daily, and 4-hour timeframes. We'll focus on identifying important price levels, key trends, and any potential setups for the short and medium term. I'll be breaking down the current market structure, highlighting critical support and resistance levels, and analyzing momentum...