Considering the structure of audjpy, the market looks bullish in a lower time frame but, scaling upward to 4H and Daily time frame, it is clearly showing that the bullish pattern is mainly to take off the liquidity gap in between the prices. Considering a trendline analysis as well, the market shows a downward pattern with 3-4 confirmations on the trendline....
The structure of the market shows that USDJPY might tends to take out some liquidity gaps in between the demand zone over there and convert the demand zone to a supply zone but, if the bullish market tends to break the demand zone then there’s higher probability of bull again.
The structure of cadjpy as given more than three bearish confirmation for bearish, The resistance line is currently given a rejection, the market formed an head and shoulders structure, the market broke a bullish trendline as well, so for this reason, I have an 80% bearish confirmation because the price action is giving a bearish signal as well.
This is not a...
Using a Fibb retracement indicator, I discovered that ucad is forming an higher highs and higher lows to take off the bearish liquidity that happened in December 2021. And, considering the Fibb trend, it look as if the higher highs and higher lows formed an edge. Considering what I’m seeing on my chart, I’m expecting a bullish move from UCAD after the current higher low.
Base on the reaction of usdchf in the previous days, it looks as if USDCHF as already broken the downward trend and it’s ready for a strong bullish run but, I’ll expect USDCHF to go down for like 30-40pips b4 any bullish journey can start.
The analysis above shows that EURUSD is the trading within some expected range, no rule as been violated yet, the liquidity drop leads to the correction of the market and the market is still moving as expected.
The analysis above shows that there’s a clear break in structure to the upward in GBPCHF, bull will be more visible in the GCHF market than sell. Look for good entry and enjoy the bull journey.
