kingmwenja

kingmwenja

Daily; 38,750 is a region that has been broke and has not been tested There are long wicks being formed to the downside which tells me that price is showing bullish momentum. Moreover, Friday's candlestick closed below 38,550 which indicates to me that price is headed downwards but needs to collect orders first of all. 4 hour; Price has formed a head and shoulders...

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Weekly; Price has closed above 38,500 level which is massive zone of liquidity Price has formed a head and shoulder. This indicates that price is headed upwards to 39,100 which is the next daily level Daily; Price has closed above 38,500 or 38,550 which is a massive buy area. It has retested that same zone twice with two candlesticks. If you...

kingmwenja

Weekly; [/b ]Price closed above 1.9105 region which is a massive buy zone. We rested that zone last week and this week as well. This tells me that price is headed upwards Daily; Price retested 1.9100 twice and gained a rush of momentum to the upside. Yesterday we saw that price broke above the previous high of 1.9250 and formed a body closure...

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Monthly; [/b ]There is no clear thesis. Price could go up or down. Price has not retested the previous all time high. However, that is because it came across a high liquidity area on the weekly. Weekly; There are two thing worth noting on the weekly. One is that price has formed a three pin pattern which might indicate that price is headed...

kingmwenja

Monthly; Head and shoulder formation. Price has tested the shoulder at 1.8900. The thesis on the month for now is buy. The next noticeable and respected region is 1.9250 Weekly; Price collected a lot of buy orders at 1.8600 and there was a rush of momentum up to 1.9500. I can tell that the main price target was at 1.9750 and price has shown that...

kingmwenja

Weekly; Price closed above a major support region (1.9100) and retested it last week Price is therefore showing bullish momentum to the next region of 1.9290 Daily; Price closed above 1.9100 which is major liquidity region The next major liquidity region is 1.9290 Price has already collected orders from 1.9100 and I believe that it is headed to...

kingmwenja

Monthly; We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards Weekly; The previous week's candlestick closed above 38,500 which is a major liquidity region The next major region is 39,100 (which is also the daily region) There is also a head and shoulders formation which indicates...

kingmwenja

Previous week showed us a lot of bullish momentum Price closed above a major weekly support level @1.9105 Hence, more bullish momentum was expected this week, and we are getting that It retested a major daily region @1.9200 and formed a candlestick that closed above it. Price has retested that same level today and shown a lot of bullish momentum. I am...

kingmwenja

US30 has seen a lot of bearish momentum as I stated earlier this week. It has broken numerous daily regions and I expect to go to 37,800 daily region However, before it goes there, I expect that price will retest 38,400 daily region to pick up orders before any downward momentum towards 37800 I expect retracement to start at 38,050 and wait for a buy setup to form.

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Weekly; Price has closed with a very bearish candlestick The next liquidity zone is 38750 I expect price to head there, but there has to be some orders collected before price goes to the designated region Daily; Price has closed below a daily region and retested it on Friday Price is heading towards 38750 but orders have to be collected first in the...

kingmwenja Updated 

Weekly; Price closed with an extremely bullish candlestick and broke a major weekly demand area I expect more buys this coming week Daily; Price has closed above 1.92 daily region and I expect a retest in this new weekly cycle before we head upwards My targets are 1.9290 which is the next daily region 4 hour; Price has formed a bullish pattern ...

kingmwenja

Price has hit a major 1.8900 zone on the weekly There is an M formation with neckline at 1.9200 on the weekly On the daily, I am expecting a test of 1.9050 If market closes above 1.9050 then price is headed to 1.9200 Sitting on my hands and waiting for something solid

kingmwenja

Price broke above 38375 daily region Price is looking to retest that region There is a three pin pattern on the 4h timeframe The 3 pin pattern has formed below two liquidity zones Price retested the 39430 region in the Asia session Momentum is too weak for now. Waiting for a solid entry that will make be sell to 39305.

kingmwenja

Weekly - M formation with the neckline at 1.9200 - Price has hit a major region at 1.8900 - Expecting upward movement to 1.9200 neckline Daily - Price is engulfed between 1.8925 and 1.9050 - If price closes above 1.9050 then I am buying to 1.9200 - Currently sitting on my hands and waiting to see what happens

kingmwenja

Weekly - Price closed above 38500 region - More upward momentum is expected Daily - Daily targets at -27.2 region at 38950 - Looking for a region to enter 4 H - Price retested 38750 which is a major liquidity region - However momentum is showing that orders are not enough - I am expecting another test of 38750 before I buy to 38950 - However, on the hourly,...

kingmwenja

Currently looking at US30 shorts. Here's why: - Three pin pattern on the daily and hence price will break the previous day's low. - Waiting for a head and shoulder formation on the 4H at 38530. - Once price retests, I am looking to sell

kingmwenja

I do not have a setup or an entry but overall hypothesis is short. Here is why; - The monthly is bearish since it has formed a lower low setup. - The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565. - No weekly bias - Price on the daily and 4h timeframe is looking for a region where it will collect...

kingmwenja

I do not have an entry as of now but every timeframe is indicating that GBPJPY will go short. Here's why; - The monthly timeframe will likely close in a 3 pin pattern showing downside momentum. - The monthly candlestick closed below a supportive level which I can see through the body closure at 182.20 that seemed to have held price for 5 months - The weekly has...