Getting close to the upper trendline from the Higher Time Frame analysis. Awaiting a rejection / break of the upper trendline for confirmation. Favoring sells on this pair.
Dollar Index Monthly Timeframe Broke a bearish trendline at support, expecting a bullish few months for the $
Just something I noticed on the higher timeframes with XRP We have tapped the Dec 2017 & Jan 2018 candle body closes / open perfectly and showing a solid rejection. $1.96 is a solid reversal zone being the 12M candle closes as well as the Monthly candle closes. I will go into more detail about why this is a solid reversal point in the next post on the Weekly...
Hello, this is an idea. I would like to hear your comments :)
$BTC HTF chart. The fib levels are scary accurate on the supply & demand areas Forming a H4 bear pennant Bunch of stops below $50k to wipe out, most likely causing another liq cascade -0.168 perfectly aligning with the untested S/R flip at $40k Judge for yourself.
It took me 2 hours to review 5 charts with this method of analysis. That is obviously not efficient enough, but I was really pleased with the way my ideas continually flowed into one another until I came up with a "solution". Have I created order out of this chaos? Probably not, but this is what I came up with and I'm really excited to see if it plays out....
GBPJPY Monthly: Bullish Weekly Bullish Daily: Bullish 4H: Bullish COT: GBP : Long 68% - Short 32% (Strong) JPY : Long 23% - Short 77% (Weak) Monthly: Solid bullish and with previous month close above 150.40 indicates a bullish continuation to target current monthly resistance at 155. Weekly: Solid Bullish after 22-26 March week candle tested broken...
GBPJPY This is my 29 March – 2 April 21 Week Trade Plan for GBPJPY Monthly: Solid bullish and with a close above 150.40 will open the door to test 153.84 / 154.90 but still a close above 152.62 the May/Aug 13 zone high that is holding GJ from any upside. Weekly: Solid Bullish with previous week candle tested broken resistance 148.85 and bounced with a long...
EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bearish - EURNZD managed finally to break the range 1.6660/1.6520 to the upside with a solid 300 pip bullish candle which was due to NZD housing prices and Risk Off sentiment in market (NZD is a risk driven currency) reaching a solid resistance zone 1.7020/1.6980. - Currently resistance zone is a...
EURNZD Can't find a clear direction for EURNZD now as we are in a very tide range for 3 weeks. A break of this range and a sustain momentum after the break will give us a clear way where we are heading. I recommend not to trade EURNZD till a clear direction. Previous Month : Bearish Previous Week : Bearish Daily : Bearish - The COT report showing that NZD...
FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish - EURNZD still ranging between 1.6700 / 1.6560 after creating low at 1.6320 triggered by Interest Rate Decision and retraced back the whole down move. The range high is contained below the daily support at 1.666x with rejection to hold above 1.6700. - Looking for either support...
EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Bearish - EURNZD edged a bit higher last week away for ranging zone 6650/6550 at 6760 a bit shy from the major resistance at 6820 that is currently acting as a solid barrier for EURNZD. But on 4H a HH/HL we can see a HH/HL formation that may act as a trigger to test the 6820 resistance. - A Solid...
FX:EURNZD Previous Month : Bearish Previous Week : Bullish Previous Daily : Bullish - EURNZD as expected created a lower resistance below 6660 which pushed EIRNZD to create a new low at 6320 helped by Interest rate news and NZ economical optimism. The new low created triggered a hard pullback as it was Feb End and profit taking which currently pushed EURNZD...
FX:EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Bearish - EURNZD failed to hold above 6820/45 resistance zone and rejected multiple time during last week tide range. Breaking lows on Friday reaching weekly planned TP2 at 6590. Refer to last week plan: - The COT report showing that NZD buyers are still in control and increasing their NZD...
EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Slightly Bullish - EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum. - The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that...
FX:EURNZD Previous Month : Bearish Previous Week : Bearish Daily : Slightly Bullish - EURNZD since 5Jan still ranging between 6980 / 6840 after a long term bearish trend since the top created on March 2020. - The COT report still showing that 68% of institutional positions are Long NZD which is a bit less than last week, but still at it's highest levels since...
On the daily we are in an ascending channel. Scale down and you'll find key levels on the 4hr. See how these key levels are being broken to the upside? This indicates bullish momentum in the markets and aligns with our longer term outlook on the pair. The blue levels here are key levels in the market where price has gravitated to and bounced from more often than...
FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish Nothing major changed from last week outlook, only a break and close above 1.6980 but EURNZD couldn't create a solid support above to extend the bush to upside. - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily...