Levels given yesterday worked perfectly. I was leaning towards the upside and it worked perfectly. EURUSD tested 1.0634 strong level, dipped, then held above OP, rally to next R, dip, rally, dip, rally level to level. Bullish price action, looking for another move higher. Today, looking for a move to 1.0714 next strong level. Could dip, but look to buy it up....
I was bearish for a move lower for EURUSD yesterday. The levels worked very well as it capped the highs and sold back down to the lows. EURUSD could be topping, thus I am looking at a potential dip and move higher, to re-test 1.0634 and if clear, for a move higher to 1.0714. If unable to clear yesterday's highs again then could see another leg down. I am leaning...
EURUSD continued its down move as per Friday's bearish price action, rejected off the PZ for a move lower. Expect further downside for today as long as PZ holds with the downside target as shown. However, if PZ breaks, I see a recovery to 1.0710 as the possible magnet for the up move.
On Friday, for EURUSD, I was leaning towards a dip off the PZ then a move higher though I did give a view on both directions, that is a break lower. EURUSD did tank from PZ and sold down all the way to my price target and even lower to 1.0634 level but overall, I was wrong on my direction, wrong read of the market really. Bearish weekly candle indicate possible...
I was looking for a move lower yesterday but only on a pullback; but we can see that price was held by the strong resistance at 1.0750 and then just come down. But it also hit the 1.0714 level below and is supported and it pulled back to the mid point. What's next? Price is at 50 Fib and seemed to be rejected by the PZ. IMO, we will see 1.0714 revisit and that...
Price action gave the direction yesterday; the move lower. I did gave myself the way out by giving either directions but I said I am looking for downside. PZ held the rally perfectly and we got a 100pips down move. Price action is bearish. I am looking for further downside.
Yesterday I was bullish for a move higher. EURUSD did move up (without much dip), hit the resistance above and came down to close red. Bearish? Price action does point to a potential reversal for today. But I will "save" myself by providing a scenario in both directions. 1.0848 is a strong level. As long as 1.0848 holds, IMO, EURUSD can just go up from here....
I was looking for a move higher yesterday which was right, but I was looking for 1.0813 to trade but indeed, EURUSD was held perfectly by the PZ at 1.0822 before going higher. Overall, price action is bullish for a move higher. 2 probable buy levels will be 1.08326 to 1.0900 or from 1.0813 to 1.0847 IMO.
I was looking for a move higher for EURUSD yesterday on a dip. However EURUSD opened and move higher without the pullback, but eventually it lost momentum (with bearish divergence) and moved back down, forming a candle with a long upper wick. Daily candle looked like a potential bearish pin bar for further downside today, but the criteria would be, if the lows...
EURUSD plan worked out perfectly as per what was given, the direction was right and the algo levels worked perfectly to cap the lows and give setup for the up move as price based at PZ, moved above OP, re-test PZ and exploded, giving easily a 3.5R trade. I did give a possible pullback off 1.0809 but we can see based on price action at that point of time, it is...
I was looking for a move lower for EURUSD yesterday following Monday's bearish downside but in the end EURUSD moved higher. My buy levels were at 1.0752 and 1.0762 or so, looking for a rejection and a move lower. But we saw how price based before going higher and there was no rejection off the sell levels. I also did say one could try a long off the 1.0712 strong...
GBPUSD got a trend day which worked perfectly as per plan given yesterday and we got the 100pips down move. For today, similar to what was given for EURUSD, could see a pullback before further down, but overall bias is to the downside for a move to 1.2474. However, if GBPUSD goes down to 1.2500 double support without a pullback, expect a big bounce off the level, IMO.
I was bearish EURUSD yesterday and it played out perfectly. EURUSD just based at the PZ especially because Europe was away; but once US came in, EURUSD began the down move and a sell down of almost 65 pips. It even broke the strong level given and moved to the level below, just short of my final target, another 20 pips down. What's for today? It is always tricky...
I did up the plan but it was not saved, twice! But anyway, I did not provide the plan on Friday as it was Good Friday but Thursday's plan worked perfectly, as we caught the top and a 50 pips down move to the price target. Friday, EURUSD dipped further but went up on PCE data. IMO, Friday's move might not be representative as it was on low volume. Overall, I am...
This is a weekly technical analysis for educational purposes on ALGOUSDT. I believe that Algo will revisit the same levels and will be widely discussed during the altcoin bull season. I may be wrong. :) Regards,
GBPUSD moved as per the plan given; I was bearish GBPUSD and it moved down nicely yesterday. Similar to EURUSD, GBPUSD opened just below the PZ and came down on open, to the support below and bounced strongly, to make new highs but it hit the strong level within the PZ and came down the second time. But again the same 1.2617 level held with 2 bullish pin bars...
EURUSD plan worked rather well yesterday. Sell level at 1.0855 given and it reacted well and sold down 25 pips to new lows. I did consider a break above 1.0855 to possibly see further upside but my bias is to the downside possibility and it worked out well. Bearish Tuesday indicating further downside but bullish Monday indicating support. I am of the opinion of...
EURUSD sold off on last Thursday post FOMC, and further on Friday hitting the 61.8 Fib and also my strong level. I said EURUSD could come down from the PZ but I was of the opinion of a further pullback before downside. My sell level was at 1.0851. Yesterday was a slow moving day IMO as EURUSD just based and slowly moved above the PZ and did not hit the 1.0851...