Monthly, Weekly & Daily bias is bullish. Price moved down aggressively yesterday because of the PMI news, taking multiple levels then reversed back up aggressively. (on daily time frame this shows a long wick). Price could continue moving up to take previous daily high or even the 1.28000 level. Will wait for price to progress until London open and see if it will...
Price has taken the 78.6% Fib level, sell side liquidity (SSL 1H line) and the previous day low, it could continue down to take the whole number 1.27000 then move up or it could move up from here and target the bearish order block above (BearOB 1H line). Waiting for a market structure shift and fair value gap on lower time frames to confirm that it wants to...
On 1hour chart, price is pretty rangebound but since monthly, weekly and daily bias is bullish it could still continue moving up. It is possible that it will take 1hour bullish order block (BullOB 1H line), and 70.5% Fib level, or even the sell side liquidity (SSL 1H line) before continuing moving up. And it could target previous day high or even the buy side...
GU and the rest of the xxx/usd assets have been forming obvious corrections this month Why is it a correction and not a major top. Well, corrections... 1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing). As you can see GU only consolidated for 2 days before coming down. 2. they usually contain 1-3...
GU being our second pair this week iam looking for this to show us a bearish open and then head higher into our first session of the week, we will be looking for our ASIA and LDN interaction to see if we can pick up and early entry on this overall bullish move that GU has given us following Fridays very slow session. So we have a good amount of confirms for this...
FOREXCOM:GBPUSD This is the setup i will be expecting to see on Monday to enter a buy on GBPUSD.
FOREXCOM:GBPUSD My bias for the new week is bullish. Price is respecting the old high on weekly time frame. Last week candle close suggested that price is interested in pricing higher for this new week.
There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle. Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market. The only concerning thing is the Commitment of Trader report with large specs still being heavily...
Price continues to show higher highs and could continue moving higher. Yesterday price broke the buy side liquidity (BSL 1H line) then pulled back down. It could continue moving down to take the sell side liquidity (SSL 1H line) and even the 79% Fib level (OTE level). Waiting for these levels to be broken and see if it will provide setup to get long. But since...
After making a double bottom (yellow circle) price moved up and continued to make higher highs. It could continue to move high to take the 1H buy side liquidity (BSL 1H) or even the 4H buy side liquidity (BLS 4H). On the 15m time frame, it is currently forming a double bottom (yellow line), which is also around 70.5% Fib level (an OTE level). Waiting for price to...
4H internal switched bearish last week and we just broke below again giving us a clearer range to look at. 15 Min is bearish as well and I'll be looking to short in the next few days
Yesterday price moved down to take sell side liquidity (SSL 1H TAKEN line) then moved back up. It is possible for price to continue moving up to take buy side liquidity (BSL 1H line) which is also the area of hourly 79% Fib level, the deepest OTE level and the previuos day high. A lot of reasons for that area to be taken before moving down to take the 1.26000 level
On the weekly timeframe I have a POI for a potential reversal to the upside (or at least a retracement), which is at a 2 week FVG, possibly digging into the weekly wick Consequent Encroachment slightly below. Price recently reacted off the high of a NWOG this week. I am keen to see how it plays out from here. -R2F
Last monthly price fell short of a monthly FVG and this month retraced lower that last month's low. Price is currently finding some support at a confluence of PD Arrays (Monthly Order Block, Monthly Breaker Block, and Consequent Encroachment of a inverted monthly wick). I have no bias at the moment on this timeframe as price could go either way, and we may see...
GU giving us a textbook markup here, we have a very clean internal price action move with a bullish short term swig higher, this is perfect to lead us into our overall swing range which we are expecting to sell lower, this will lead us nicely into what we expect for the USD pairs which is a sell off into a huge upside move. We are looking for sells from our high...
Price is still pretty rangebound. It left a long wick at the top then aggressively moved to the downside leaving fair value gaps and taking sell side liquidity (SSL 1H TAKEN line) before moving back up to fill up the fair value gaps. Price could continue moving up to take the bearish order block, which happens to be also the 62% Fib level and this Fib level is...
GU has been ranging this week, breaking highs and lows. It could continue to range until it gives us a sign that it wants to break out of the range. Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value...
GU has been ranging this week. Ranging between the 1.27900 & 1.26800 areas. Currently it is at the lower part of the range and it is likely to continue down to take the 1H bullish order block or even the 1H sell side liquidity area. Order blocks and liquidity levels acts as magnets, so it is likely for price to move towards these levels I am looking for possible...