Get started

Weeklybias

A 1500 points drop in NQ this week? Hello traders! NQ has broken through Friday's high and almost hit the daily wick CE . We also have continuous bullish candles on the daily which would form a complete order block . We also have a 12h gap inside the daily order block which the market has tapped into. I'm expecting an extremely bearish week with draws to 24239.75, 23904.50, and a daily fvg at 23600. We also have NFP this week which has been delayed as it was originally supposed to come out on Friday itself. It's a red folder packed week and I suggest super caution around those times. We also have CPI on Friday which was supposed to be released on Wednesday of this week. When the calendar is messed with, it becomes obvious that manipulation will be at its peak. We also have SMT divergence on the daily chart. That is just a bonus and not the base of this bearish idea. The foundation of this whole idea is based on where the market is heading, where the liquidity is resting. Have a good trading week, Satya. P.S. Not financial advice.
CME_MINI:NQ1!Short
by SatyaPSahai
Fall incoming? I don't think so.Hello traders! Long time no see... With the Japanese elections just around the corner, there are certain speculations of an incoming fall. My analysis does not agree with that. I think JPY is heading for 159.500 buyside liquidity . Even if it is heading lower, it is highly unlikely that it goes now. There are two scenarios here. If market consolidates around the weekly gap marked on the chart for few more days, we might see a fall. If it doesn't, we're going for higher targets. The two pink zones are daily support levels which can be expected to push prices higher. Now, when I say two scenarios it doesn't mean I'm saying anything could happen. The major possibility is the 159.500 buyside. The second scenario is just a fail-safe. Also, note that this is a directional analysis and NOT a trade idea. Trades require much more sophistication than this. GLGT, Satya.
Long
by SatyaPSahai