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...
XAUUSD Long Idea Respecting TL and CTL Higher Timeframe Bias Price Action What do you think? Message me if you want to chat about trading or discuss analysis
Daily Time Frame: Reading price action we can see that GPBJPY has been bullish since price created a double bottom at 112.000 key support. As price approached 139-140.000 key resistance, we can see that price started to slow down by showing long wicks to the upside and indecision candles. After the double daily pinbars created last week, price reacted to the...
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...
PRICE ACTION GENERAL TREND LINE RESPECT SUPPORT AND RESISTANCE HIGHER TIMEFRAMES AS ALWAYS, JUST USING PRICE ACTION AND TRENDLINES... COMMENT BELOW IF YOU AGREE. 4H TIMEFRAME HIGHER TF #SUPPORTANDRESISTANCE
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...
With all my trading ideas they are all unbiased reason why - the market is unpredictable. Whatever the market throws us, we are ready to execute. If it goes above the range, we will go for buy, if it dips below range we will then continue to sell with the beautiful dollar weakness. Go to lower time frame, to perhaps trade the range or break out when it occurs....
Copper - where I check is there risk on or off sentiment. Now Copper is an interesting currency technical wise, Will we get pull back as we've reached 161.8 Area. Whilst checking Copper, waiting for pull back before run up - perhaps check other commodities as well such as silver and gold. Long term perspective copper price seems optimistic. Now remember: This is...
Massive Inverse Head & shoulder forming possible ascending triangle forming as well when we have this type of patterns forming at the BOTTOM they have good chances of massive breakouts setup invalid if we have candle close above Red box I am focusing more & more on HTF charts as they are my strength, smaller time frame charts are messed up if BTC have a...
Daily Time Frame: Starting on the daily we can see that price broke back below .64500 key psychological support in confluence with our uptrend. Now that price is back below and reading the last couple of daily candlesticks it is safe to say that AUDUSD is starting to look bearish. 4Hr Time Frame: Scaling down we can see price forming a potential head and...
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...