MD13Financial

MD13Financial Updated 

I have identified a setup based on previous structure lows on the 4H that look to be retested. If price moves into the strike zone pre 430a eastern Gbp news release, I will sit on my hands and let news move out the way. Otherwise I'll look to go short to 130.70 and reassessing after GJ makes its move. If I don't get what I am looking for on LTF (lower timeframe),...

MD13Financial Updated 

This pair has been under pressure both by Brexit and PM Johnson as well as the ever increasing foolishness from the White House. Buyers have come in on the monthly but have not been that convincing on this timeframe. The weekly has printed an evening star candle pattern aligning with previous structure lows from late 2018. The daily is giving us some seller...

MD13Financial

The last month printed a bullish engulfing candle. Moving to the daily, we are showing seller exhaustion and some indecision consolidating over the past 4 days. This deceleration in price could be signaling a change in direction. On the 4H we see even larger evidence that the sellers are exhausted at least for the moment. We have also seen buyers make 3 driving...

MD13Financial

Taking a look at 2 opportunities on CadJpy. First we have a daily demand zone that was broken but never retested. We got a deceleration in price as well as a bit of consolidation that gave us a push back towards the 82 handle. Our overall zone was found on the daily and a cleaner more precise zone was found on the 4H timeframe. Once again we are looking for the...

MD13Financial

AudUsd was in a pretty bearish market as seen on the daily timeframe. Never underestimate what price may do. We know that price and the market in general flows through a pattern of breaking a zone and retesting that same area. On the daily timeframe, we have 2 previous structure lows and a bit of demand as marked in the left chart. Price broke this demand during a...

MD13Financial

BTC experienced a strong push from the sellers, narrowly missing the 7500 previous structure low on the daily. We are now slightly above daily demand trading in a tight area. On the 4H, we attempted to drive lower twice and those attempts were met with buyers awaiting below. We have produced a double bottom and look to be trying to break the neckline of the double...

MD13Financial

Im seeing some interesting price action here on NZDUSD. in particular 4H structure is showing me that we may be bullish at least for a little while. I do see the bearish strength fading just a little bit, evidence being the HL that has formed (that also produced a inverted head and shoulders with good pips, most of the action taking place last Friday) and we are...

MD13Financial

Watching for end of week news

MD13Financial

Overall Bias is Short..waiting for dovish tone from central bank...We saw rejection in daily and weekly candles

MD13Financial

see chart

MD13Financial

See chart for notes