Blue Palm Institute Setup
Pair: EURAUD
Weekly Time Frame:
Weekly Excelsius View:
Daily Time Frame:
Daily Excelsius View:
4 Hour Time Frame:
4 Hour Excelsius View:
Explanation of Analysis
Weekly Time Frame: Looking at how the weekly has just formed, we have a probability on price digging deeper into the rejection zone on the weekly, but we have to be in mind that it can have trouble as there is a weekly and monthly higher low in its way
Daily Time Frame: The daily did slip past all the way through past the monthly higher low, but ended the week above the weekly higher low, showing true to the rejection zone of block 3 as well. For us to really see anything valid from the bulls we need a break above the daily and weekly lower high
4 Hour Time Frame: Price can do a couple things at this moment. For safe and valid buys, we need a break past the daily and weekly lower high, in this instance it all depends on what day of the week we are in because if we are on Thursday and price gives us the impulse play above the weekly lower high, we have to keep in mind that price can reverse down and fake every one out to just respect the weekly lower high for the end of the week. We should wait till price breaks on the 30 minute time frame, with a new 30 minute higher high formed, once formed we need a break of the new found higher high to give us the validation we need. Price can though reject the weekly lower high and daily lower high to continue on down and get past the weekly and monthly higher low to then push us to the next daily higher low in structure. We just have to wait and see what happens
Pair: EURAUD
Weekly Time Frame:
Explanation of Analysis
Weekly Time Frame: Looking at how the weekly has just formed, we have a probability on price digging deeper into the rejection zone on the weekly, but we have to be in mind that it can have trouble as there is a weekly and monthly higher low in its way
Daily Time Frame: The daily did slip past all the way through past the monthly higher low, but ended the week above the weekly higher low, showing true to the rejection zone of block 3 as well. For us to really see anything valid from the bulls we need a break above the daily and weekly lower high
4 Hour Time Frame: Price can do a couple things at this moment. For safe and valid buys, we need a break past the daily and weekly lower high, in this instance it all depends on what day of the week we are in because if we are on Thursday and price gives us the impulse play above the weekly lower high, we have to keep in mind that price can reverse down and fake every one out to just respect the weekly lower high for the end of the week. We should wait till price breaks on the 30 minute time frame, with a new 30 minute higher high formed, once formed we need a break of the new found higher high to give us the validation we need. Price can though reject the weekly lower high and daily lower high to continue on down and get past the weekly and monthly higher low to then push us to the next daily higher low in structure. We just have to wait and see what happens