USD/CHF: Ultimately we're expecting higher prices.
4hr TF.
The higher-timeframe picture resembles the following:
Weekly TF: Price may have already retested the weekly decision-point level at 0.90927 as last week a rather pleasant bullish pin bar formed a few pips above. Does this mean we should expect higher prices this week?
Daily TF: In our humble opinion, price appears to be clear north on this timeframe. Sellers originally situated around the daily supply area at 0.91556-0.90985 have very likely all been consumed, with the next set of serious sell orders being seen way up above around daily supply at 0.94546-0.93448 (conveniently located within a weekly supply area at 0.94546-0.93081).
The market opened higher than Friday’s close (0.91754) at 0.91838 above 4hr supply at 0.91892-0.91668. Anyone who read the last report on this pair will know we removed our pending sell order set just below the 4hr supply area (0.91892-0.91668) , as both the weekly and daily timeframes were indicating more buying this week (see above).
With price breaking above the aforementioned 4hr supply area, and not hitting the round number 0.92, this could be a subtle hint that we should most likely be looking for long positions now! Think about it like this for a moment, pro money have likely cleared the sellers out around the 4hr supply area to move prices higher to at least the round number (we would not be thinking like this if we were trading around higher-timeframe supply though), but to move prices higher, they likely need liquidity (sells for their buys), so a push down to collect their unfilled buy orders at the last 4hr decision-point area at 0.91376-0.91478 will entice sellers into the market, which pro money will no doubt gobble up (whilst price is declining) as liquidity to move prices higher. Do not forget, the lower timeframes we also have small demand areas that price will completely ignore if this move is seen, thus handing more liquidity over to pro money (stops from buyers will automatically be sells, and not forgetting breakout sell orders also).
So after the mouthful above, essentially we are expecting a decline in value down to around the aforementioned 4hr decision-point area, which is where we’ll be entering long (pending buy order set just above at 0.91494).
Pending/P.A confirmation levels:
• New pending buy orders (Green line) are seen just above a 4hr decision-point area (0.91376-0.91478) at 0.91494. The reason being is this area was likely where the decision was made to push above 4hr supply at 0.91892-0.91668, hence there very well may be unfilled buy order sitting there.
• No P.A confirmation buy levels (Red line) are seen in the current market environment.
• No P.A confirmation sell levels (Red line) are seen in the current market environment.
• No pending sell orders (Green line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 0.91494 (SL: 0.91352 TP: Dependent on how price approaches) P.A.C: No P.A confirmation buy levels are seen in the current market environment.
• 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: Price may have already retested the weekly decision-point level at 0.90927 as last week a rather pleasant bullish pin bar formed a few pips above. Does this mean we should expect higher prices this week?
Daily TF: In our humble opinion, price appears to be clear north on this timeframe. Sellers originally situated around the daily supply area at 0.91556-0.90985 have very likely all been consumed, with the next set of serious sell orders being seen way up above around daily supply at 0.94546-0.93448 (conveniently located within a weekly supply area at 0.94546-0.93081).
The market opened higher than Friday’s close (0.91754) at 0.91838 above 4hr supply at 0.91892-0.91668. Anyone who read the last report on this pair will know we removed our pending sell order set just below the 4hr supply area (0.91892-0.91668) , as both the weekly and daily timeframes were indicating more buying this week (see above).
With price breaking above the aforementioned 4hr supply area, and not hitting the round number 0.92, this could be a subtle hint that we should most likely be looking for long positions now! Think about it like this for a moment, pro money have likely cleared the sellers out around the 4hr supply area to move prices higher to at least the round number (we would not be thinking like this if we were trading around higher-timeframe supply though), but to move prices higher, they likely need liquidity (sells for their buys), so a push down to collect their unfilled buy orders at the last 4hr decision-point area at 0.91376-0.91478 will entice sellers into the market, which pro money will no doubt gobble up (whilst price is declining) as liquidity to move prices higher. Do not forget, the lower timeframes we also have small demand areas that price will completely ignore if this move is seen, thus handing more liquidity over to pro money (stops from buyers will automatically be sells, and not forgetting breakout sell orders also).
So after the mouthful above, essentially we are expecting a decline in value down to around the aforementioned 4hr decision-point area, which is where we’ll be entering long (pending buy order set just above at 0.91494).
Pending/P.A confirmation levels:
• New pending buy orders (Green line) are seen just above a 4hr decision-point area (0.91376-0.91478) at 0.91494. The reason being is this area was likely where the decision was made to push above 4hr supply at 0.91892-0.91668, hence there very well may be unfilled buy order sitting there.
• No P.A confirmation buy levels (Red line) are seen in the current market environment.
• No P.A confirmation sell levels (Red line) are seen in the current market environment.
• No pending sell orders (Green line) are seen in the current market environment.
• Areas to watch for buy orders: P.O: 0.91494 (SL: 0.91352 TP: Dependent on how price approaches) P.A.C: No P.A confirmation buy levels are seen in the current market environment.
• 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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