4hr TF.
The higher-timeframe picture resembles the following:
• Weekly TF: At the time of writing, it appears a break below the weekly demand area at 1.32940-1.34847 will be seen, if so, we can likely expect price is free to hit the weekly demand area at 1.31037-1.32262 which is a beautiful-looking area.
• Daily TF: A decision has been made to break below the daily level of interest at 1.33559; on this timeframe we see very little stopping the sellers from pushing price all the way down to daily demand at 1.31037-1.31755 (which is conveniently located within weekly demand - see above). We will now be closely watching the broken daily level for a retest as resistance.
Some interesting developments have been seen on this pair. The 4hr demand area at 1.33360-1.33619 has seen a strong break south. Take a look to the far left of current price, what do you see? We see consumed demand, as pro money was pushing prices higher, they were spiking south collecting their unfilled buy orders, but at the same time clearing the path south for any future selling.
Considering we are looking for a retest of the daily level of interest at 1.33559, pro money will need liquidity (sell orders for their buy orders). Just below is the round number 1.33, which is begging to be faked past into the 4hr decision-point level at 1.32758. We’re likely going to see a push further down to these areas sometime soon, and then a rally back up to 1.33559 level which is located within the 4hr D/S flip area at 1.33360-1.33619. As such, we have placed a P.A confirmation buy level just above the round number at 1.33046 and a pending buy order just above the 4hr decision-point level at 1.32798, so do keep an eye on these levels.
Pending orders/P.A confirmation levels:
• The pending buy order (Green line) set within 4hr demand (1.33360-1.33619) at 1.33526 has been stopped out with a little profit already locked in.
• New pending buy orders (Green line) are seen just above the 4hr decision-point level (1.32758) at 1.32798. This area is fresh, and will likely see a bounce at the very least due to this being a previous level where serious buying interest was seen before.
• New P.A confirmation buy levels (Red line) are seen just above the round number 1.33 at 1.33046. An order such as this has been placed here since a deep spike/test may be seen down to the 4hr decision-point level at 1.32758.
• The pending sell order (Green line) set just below the 4hr D/S flip area (1.34760-1.34943) at 1.34753 has been removed since price traded too far south for the time being.
• No P.A confirmation sell levels (Red line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 1.32798 (SL: 1.32472 TP: Dependent on how price approaches). P.A.C: 1.33046 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
• Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: No P.A confirmation sell levels are seen in the current market environment.
The higher-timeframe picture resembles the following:
• Weekly TF: At the time of writing, it appears a break below the weekly demand area at 1.32940-1.34847 will be seen, if so, we can likely expect price is free to hit the weekly demand area at 1.31037-1.32262 which is a beautiful-looking area.
• Daily TF: A decision has been made to break below the daily level of interest at 1.33559; on this timeframe we see very little stopping the sellers from pushing price all the way down to daily demand at 1.31037-1.31755 (which is conveniently located within weekly demand - see above). We will now be closely watching the broken daily level for a retest as resistance.
Some interesting developments have been seen on this pair. The 4hr demand area at 1.33360-1.33619 has seen a strong break south. Take a look to the far left of current price, what do you see? We see consumed demand, as pro money was pushing prices higher, they were spiking south collecting their unfilled buy orders, but at the same time clearing the path south for any future selling.
Considering we are looking for a retest of the daily level of interest at 1.33559, pro money will need liquidity (sell orders for their buy orders). Just below is the round number 1.33, which is begging to be faked past into the 4hr decision-point level at 1.32758. We’re likely going to see a push further down to these areas sometime soon, and then a rally back up to 1.33559 level which is located within the 4hr D/S flip area at 1.33360-1.33619. As such, we have placed a P.A confirmation buy level just above the round number at 1.33046 and a pending buy order just above the 4hr decision-point level at 1.32798, so do keep an eye on these levels.
Pending orders/P.A confirmation levels:
• The pending buy order (Green line) set within 4hr demand (1.33360-1.33619) at 1.33526 has been stopped out with a little profit already locked in.
• New pending buy orders (Green line) are seen just above the 4hr decision-point level (1.32758) at 1.32798. This area is fresh, and will likely see a bounce at the very least due to this being a previous level where serious buying interest was seen before.
• New P.A confirmation buy levels (Red line) are seen just above the round number 1.33 at 1.33046. An order such as this has been placed here since a deep spike/test may be seen down to the 4hr decision-point level at 1.32758.
• The pending sell order (Green line) set just below the 4hr D/S flip area (1.34760-1.34943) at 1.34753 has been removed since price traded too far south for the time being.
• No P.A confirmation sell levels (Red line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 1.32798 (SL: 1.32472 TP: Dependent on how price approaches). P.A.C: 1.33046 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
• Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: No P.A confirmation sell levels are seen in the current market environment.
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