Hello Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
Monthly Imbalance
Update
December Update
Price had established itself within the monthly imbalance, had a breakout where the change of hands occurred - aligning with the inverse Fibonacci as previously analysed.
From here price retested again which created a high - this aligns with the "range" top, but it is an imbalance zone - where price will look to retest the monthly as price has just reverted from this area.
Inverse Fibonacci Monthly.
Refer below for the weekly inverse
Note the close out of the net highs, which combine with an imbalance formed based off - 'Three white soldiers'
Weekly Imbalances
Below are the imbalances for the weekly, where the previous low 1.19XX had provided the closing wick for the monthly candle close.
The imbalance here is key to understand the rejection and retest of the zone is highly probable.
1. Price closed and matched the May 18th 2015 weekly close - meaning the wick is successfully retested.
2. Price has now hit a pivot point and created a monthly imbalance. Looking to the weekly however, price traded a cluster of candles which shows the 'battle' printing indecision - what does this signify? Imbalance trading from buyers to sellers, sellers to buyers - as a imbalance trader - a trade will be placed here before an aggressive addition later.
Update of the weekly chart
Price will look to the 0.382 Fibonacci but due to be trading right now within the 0.236/0.382 zone, the trend is still bullish and strong, so ideally around 1.265-80 has a high pivot point - purely based on Daily timeframes.
Current weekly
A closer look to where we are currently;
Price had reverted back to the imbalance at 0.705 Fibonacci as imbalances are retested once a change of hands has begun. To others, trades will refer to this as a double bottom or triple bottom on smaller timeframes.
Further explanation:
3. When forming a sell position rally, base rally, or in a market shift 'poising' for a bearish continued market structure, the crucial aspect here is to understand the trading range on the daily and weekly timeframe where the maximum to the pip top of the range identifies with the 1.466 to 1.469X. The significance of this here is purely the closing out of the fractal pattern completing the cycle.
Fibonacci Extension
Using this pathway build upon how the market cycle repeats, the application of the Fibonacci can be used here to plot next moves for entry areas in conjunction with the higher time frame to use the price path to reach the desired targets.
Using the imbalance and Fibonacci tool also assists with trade management in terms of open interest fee's and furthermore exposure in short term trend shifts.
Review the DXY
This is the weekly here, also a tracking of the DXY is below for full tracking
Daily Fibonacci
The daily Fibonacci pathway shows a completion of the -0.618 target, where price is now consolidating on a smaller timeframe.
A cup and handle pattern is forming on the daily pattern.
Previously replayed bars for a new entry
Current view
As per chart posting
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet - Four day
- Orange = Daily
- Green = 8 Hour
- Grey = 4hour
- Pink = 1 hour
Monthly Imbalance
Update
December Update
Price had established itself within the monthly imbalance, had a breakout where the change of hands occurred - aligning with the inverse Fibonacci as previously analysed.
From here price retested again which created a high - this aligns with the "range" top, but it is an imbalance zone - where price will look to retest the monthly as price has just reverted from this area.
Inverse Fibonacci Monthly.
Refer below for the weekly inverse
Note the close out of the net highs, which combine with an imbalance formed based off - 'Three white soldiers'
Weekly Imbalances
Below are the imbalances for the weekly, where the previous low 1.19XX had provided the closing wick for the monthly candle close.
The imbalance here is key to understand the rejection and retest of the zone is highly probable.
1. Price closed and matched the May 18th 2015 weekly close - meaning the wick is successfully retested.
2. Price has now hit a pivot point and created a monthly imbalance. Looking to the weekly however, price traded a cluster of candles which shows the 'battle' printing indecision - what does this signify? Imbalance trading from buyers to sellers, sellers to buyers - as a imbalance trader - a trade will be placed here before an aggressive addition later.
Update of the weekly chart
Price will look to the 0.382 Fibonacci but due to be trading right now within the 0.236/0.382 zone, the trend is still bullish and strong, so ideally around 1.265-80 has a high pivot point - purely based on Daily timeframes.
Current weekly
A closer look to where we are currently;
Price had reverted back to the imbalance at 0.705 Fibonacci as imbalances are retested once a change of hands has begun. To others, trades will refer to this as a double bottom or triple bottom on smaller timeframes.
Further explanation:
3. When forming a sell position rally, base rally, or in a market shift 'poising' for a bearish continued market structure, the crucial aspect here is to understand the trading range on the daily and weekly timeframe where the maximum to the pip top of the range identifies with the 1.466 to 1.469X. The significance of this here is purely the closing out of the fractal pattern completing the cycle.
Fibonacci Extension
Using this pathway build upon how the market cycle repeats, the application of the Fibonacci can be used here to plot next moves for entry areas in conjunction with the higher time frame to use the price path to reach the desired targets.
Using the imbalance and Fibonacci tool also assists with trade management in terms of open interest fee's and furthermore exposure in short term trend shifts.
Review the DXY
This is the weekly here, also a tracking of the DXY is below for full tracking
Daily Fibonacci
The daily Fibonacci pathway shows a completion of the -0.618 target, where price is now consolidating on a smaller timeframe.
A cup and handle pattern is forming on the daily pattern.
Previously replayed bars for a new entry
Current view
As per chart posting
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
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