gbp jpy has found fresh demand zone which acted as supply from before.
eur jpy did fall from 15 min supply shown on previous analysis however it pulled a fakey maybe due to obvious sl levels but nonetheless price followed through. price then created two 4hr/1hr supply zones and i am waiting for price to retrace back to new supply.
Selling at Support Price for long sell.
I will be very likely to see a retest nice move down to previous lows.
Analysis on USDJPY using 30min and 1hr charts.
SPY gapped up this morning on the open but has been pulling back since around 10:30 AM (right around the time London closes). Since around 12:30 PM it seems like it has been trying to create a base. I am looking for a move above the previous candles high but so far the price has managed to hold the gap level from this morning. Should the price continue higher I...
Looking for retest to create new uptrend on the one hour.
Checking out this Triangle forming on the 15minute chart. Interesting thing is that we are trading in a decending wedge (1hr) if a triangle does fully form and breakout then this could mean a good breakthrough to the bottom side of the wedge we're trading within and it would also mean a decent close below a VERY STRONG support line on the 4Hr (Purple line). I'll...
I'm going for a demand zone on the 1h at 1.9978. As you can see, there are two demand zones but I choose the second one because the first one was tested, even though I prefer it over the second one. There is a good chance that there were still buyers there and it will take off. I don't mind. I rather deal with a mediocre untested zone than a tested great zone. The...
This could take us as far back up as 9k but Im gonna be smart and close my long a pip below the breakout target. In order for it to reach that target it will have to have the 1hr 200ma maintain solidified support...which it looks like it should have no trouble doing. seems to be following my white speculation squiggle pretty well so far.
A great sign as it appears BTC is finally breaking up from it's falling wedge. It appears the biggest of the potential falling wedges(the dotted purple one) may be the most valid...in which case the projected break out target is around 10.6-10.8k. This should allow us to break up from the 1 day charts green bull pennant too at the very last minute which should...
OANDA:USDCHF Price currently moving up along a trend line that is also the 20EMA and mid Bollinger Band. Reaching a squeeze point between the Daily R1 and 75 Fib and upper Bollinger Band. Expecting price break to the upside to the daily R3 which is also the weekly R2 and psychological 0.9980 (just below 1.00). Watch for a break of the trendline to the downside...