docibby

docibby

128.478 is key on the lower timeframe as a level, holding below might push price further down.

docibby

Bearish outlook looks likely as long as unfilled areas remain. Round number below. Very good chart example for basic Wyckoff schematics at origin of accumulation.

docibby

Just reviewing GBPUSD for learning purposes - study in market structure on higher and lower timeframes.

docibby

Careful with any short, we have the daily support nearby. I would prefer to see this break down first. As long as VIX is elevated any long trade will be high risk.

docibby

Price managed to climb back above the Median Line of the descending modified Schiff Pitchfork, plus it is holding above the major trend line. Disclaimer : not intended as investment advice, only for educational purposes.

docibby

Here is the 2 h chart ----- If we look additionally at the daily chart ( old highs ), then 3400 is roughly the key level of last support. There was no signicant buying yet, on the surface because of financial support measures due to COVID, but I think it is general risk-off due to upcoming elections.

docibby

GER30 has lost an important Fib support on the daily chart, bearish tendency after a classic rounding top ?

docibby

If we see a drop in WTI Oil and a comeback in US Dollar strength then long USDCAD might be a good idea ( early entry now ).

docibby

Good example for studying how price finds buyers at strong zones ( Demand ) and to watch how price leaves these areas. A pair to watch.

docibby

All eyes on the Nasdaq and QQQs this week, as any impending reversal in the Indices this month has to include the highflyers . I additionally expect some DXY US Dollar strength to materialize soon, so be careful with GBPUSD and EURUSD long positions........ Patience :-)

docibby

The USDJPY will only show strength when the US Dollar weakness is ending. Here we can see how a dip into this 107.00 area shows renewed supply. But my expectation is that this is done to remove the supply from this area deliberately - if there would be real selling going on we would have seen strong continuation moves to the downside. The real sellers might have...

docibby

DAX showing some topping behaviour after yesterdays FED Powell speech, could ease further down in my opnion, before the weekend. Careful with LONG !

docibby

Watching this pair in case the US Indices show some signs of weakness / bearishness. 74.20 level/area will be important.

docibby

Highly speculative ( and not to be seen as financial advice ).................. : Look at this overall structure - it looks like a very wobbly inverse Head & Shoulder pattern. Now look to the left of this structure, and how sellers were selling again and again at these supply levels, in the end driving price down. But then look at the spead and momentum angle of...

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Explanation why selling is stronger thsan buying.

docibby

Weak revisit to supply, no real buying force.

docibby

Watch exactly WHERE price decline stops, then we will see if this is a buy-the-dip on Hourly, or a final top for " sell in May " :-)

docibby

See price behaviour at median line, too early to call it a Change in Character.