Daily Time Frame: Starting on the higher time frame we can see price is testing a strong area of demand as price has reacted multiple times from this zone in the past. Reading the last few daily candle closures, we can see price is showing signs of slow down and potential reversal if we hold. 4hr Time Frame: Scaling down a time frame we can see price has had a...
6hr Time Frame: Reading our price chart above we can see price is trending up with that being said we should be looking for long-term buying opportunities. Reading the data, we can see time and time again price has faked out in one direction and snapped back in the opposite direction causing trader to get enticed thus generating more liquidity. Once you read the...
price in re accumulation .. may price go down and kiss fair value gap and go higher. For entry go to lower timeframe .
over all baise is bullish but price is on monthly rejection block so it will go to retrace an take liquidity.
I heard higher timeframes are stronger, right? Dont need any analysis for this chart Don't be shook if we see a wick lower wiping out the low of this year
8hr Time Frame: Reading price we can see that EURGBP was created a new swing low and has failed to make any new highs beforehand. after the double top formation at .92000 key psychological resistance and immediately reacted and broke through .90000 key psychological support. If price holds below .90000 look for shorts down to .88750 key support. However, if price...
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...
Price looks like it could possibly form a head and shoulders pattern before selling back to this 4H trend line. Wait to first see price break below this gray support and resistance zone with the blue line passing through it before looking for a sell entry on a lower time frame. If this happens we can lookout for the break and retest before taking a bearish...
This is the second analysis on this series of majors against the U.S. Dollar (USD). In the previous post we analysed the Chinese Yuan Renminbi (CNY) against the USD; now we're taking a look at the Canadian Dollar (CAD) against the USD. The CAD is second in our ranking of currencies in relation to the 'Rate Of Change' (ROC) with the U.S. Dollar as quote currency....
Daily Time Frame: Price had broken below 1.17500 key psychological support with strong bearish pressure. If bears are back in this market, we can anticipate price coming down further. Look for pullbacks to 1.17000-1.17500 for potential selling opportunities. Due to the uncertainty of market fluidity, risk management is highly recommended.
4hr Time Frame: Reading price we can see that EURGBP is testing at .91000 psychological support in confluence with a double bottom formation. If price manages to hold above and show signs of bullish rejection, we can then look for potential long opportunities. However, if price breaks support look to reevaluate price action. Due to the uncertainty of market...
4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom...
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...
Higher Time Frames make a case for a pullback and continuation short. > Quarterly chart has bearish engulfing rejecting 50ema, which has acted as resistance recently. > Monthly rejected horizontal resistance with bearish pressure, now looking to retest a minor resistance level on the pullback. > Weekly forming a pullback to 50ema, horizontal resistance, 0.382...
Cable lately broke a pretty significant trendline and weekly support. I am looking for price to come to my liquidity are and pickup some orders before we could see a trend continuation. Targeting next weekly key level to be met at 1.28135. Always remember: Trade with the trend and higher Timeframes #tradesafe #theforexdaddy
Gold looks still very weak to break 1912 key level, it has to find the right liquidity needed to break thru that level. Mulitiple wicks on 1912. Trendline has been touched one more time and probablly will hold. On daily TF, not a single body candle has engulfed previous wicks. Personally expecting gold to push up through at least two previous Lower Highs and...