4hr Timeframe: Reading price we can see EURGBP is still creating higher lows. Although we can see strong shifts in momentum to the downside. A price approached .90000 key psychological support price could not break and close below for the 3rd or 4th time. Notice price created a double bottom and had a reaction. Price broke our first counter trend line and is...
Daily Timeframe: Reading the daily chart above we can see that price is creating new highs and lows and closing bullish. With this type of momentum, we want to be trading in line with the market!
4hr Timeframe: Scaling down we can see price is on an uptrend and testing strong areas of support in confluence with the trend line. If price holds above this zone, we...
90 Minute Time Frame: Price is testing support in confluence with wick rejection head and shoulders and a potential flag with a double bottom. (screen shot will be provided in gallery) if price manages to hold above, we can look to buy to 1960.00 and potentially 1970.00. However, if price manages to break support look to reevaluate price action. Due to the...
4hr Time Frame: Reading price we can see we have been bullish. Reading the candles, we can see the price has cleared above resistance is creating new support with long wicks pointing to the downside.
1hr Time Frame: Scaling down we can see price creating a double bottom with bullish pinbar rejection candles at 4hr support. If price manages to hold above, we can...
4hr Time Frame: Reading price we can see that AUDJPY is on an uptrend. With that being said we should be looking for long term buying opportunities at support. Right now, price is testing a 4hr support zone in confluence with an inverted head and shoulder formation. Notice how price closed off a bullish pinbar rejection candle.
1hr Time Frame: Scaling down to we...
Daily Time Frame: Reading price we can see that we broke the range (between .88750-.90500) and has tapped previous daily swings at .88500 key psychological support and immediately rejected back above .88750 quarterly psych.
If price manages to pullback and test .88750 support look for longs to .90500 and .91500. However, if price does not break .90500 look to...
4hr Time Frame: Reading our price chart above we can see that AUDJPY is forming a head and shoulders formation as it is now testing the neckline at 75.750 key quarterly psychological support with a double bottom formation. Looking to the past we can see that this zone has been respected multiple times.
If price manages to hold above, then look to buy this back...
Daily Time Frame: Starting on the daily we can see price has been creating higher lows and is currently testing the trend line for the third time at an area of daily support and resistance. By reading the candles we can see that price is showing signs of rejection, simply by reading the wicks!
4hr Time Frame: Scaling down to the 4hr we can see that price is...
4hr Time Frame: Reading price action we can see that price has cleared above areas of resistance and is now testing as newfound support with signs of rejection. Price is forming higher highs and lows simply by looking at structure and it is also creating a double bottom formation in confluence with reversal candlesticks. If price manages to hold above this zone...
Daily Time Frame: Price is testing areas of resistance with signs of wick rejection at .91000 key psychological zone. Price has reacted from this zone in the past so it will be interesting to see how it plays out this time.
Right now, we have a bounce or break situation. If sellers are more enticed to push this down, then we can anticipate shorts down to .89500...
Daily Time Frame: Starting on the higher time frames we can see that price broke above 75.000 (gray mid zone) then took off to test previous swing highs, 76.500 psychological resistance. After price tested this zone it immediately pulled back to test 75.000 as newfound support.
4hr Time Frame: Scaling down we can see that price had a bullish reaction at 75.000....
Daily Time Frame: Starting on the higher time frames we can see price is creating a double top formation at .91500 key weekly zone with signs of wick rejection.
4hr Time Frame: Scaling down we can see that price is testing 4hr support. If price manages to hold below .91500 look for shorts down to .88500. However, if price manages to break and close above, we can...
Daily Time Frame: Starting on the higher time frame we can see price is testing 1.14500 key monthly psychological zone with signs of rejection in the past.
4hr Time Frame: Scaling down we can see price is reacting to this strong resistance zone. If price manages to close below and hold look for potential shorts to 1.11700 weekly support. however, if price manages...
Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone.
4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price...
Daily Time Frame: Starting on the higher time frames we can see that price is testing .96000 key psychological support for the second time, creating a double bottom formation. Now that price is testing this area we have to wait for a break or bounce situation in confluence with reversal signals.
4Hr Time Frame: Scaling down we can gain a more refined perspective...
4Hr Time Frame: Price is back at strong areas of resistance. By reading price action we can see that price tested this area in the past, showed signs of rejection and had a reaction to the downside. Reading structure price looks as if its ranging in between our support and resistance zones above (gray boxes). If price manages to hold below this strong area of...
Evening Traders,
Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance.
Points to consider,
- Daily trend change ( Triple bottom)
- Local support confluences
- Structural resistance respected
- RSI testing support
- Stochastics in upper regions
- Declining volume nodes...
