As we can see the AUDCHF price has formed a fresh supply above. This supply is a great level to sell position as a daytrade position. if we look at the H1 chart we can see that if the price will react to the supply it will complete a bearish Head & Shoulders. The target will be the support below.
In the long terms like H4 chart, the price reaches a supply zone, In the 15M chart, we can see above the supply which is a great level for intraday sell position. Below, we can see the demand level which can be the target for the sell position and also a great level for intraday buy position.
As we can see on H1 chart, it seems the price on its way to reaching the supply above, This fresh supply is a great one for sell position as a short term trade. The support below will be the target.
The consolidation was a pain, but now it looks like at a potential double bottom is forming after the drop. Wanna see how far we'll go up if that's the direction as a continuation, or if we'll get to the trendline below and break/support it. BULL TPS: • 0.90242 • 0.90955 • 0.91256 BEAR TPS: • 0.89641 • 0.89467 • 0.89025
We are currently near two key levels: a daily and a weekly underneath. Waiting to see if price will breakthrough daily SR level and head to the weekly. What it does at the weekly if it can get there, will determine if we will have a strong bullish or bearish move. Here are the TPs for now: BEAR TPS: • 1460.33 • 1455.75 • 1442.25 • 1438.31 • More TPs if...
Some good moves happened with CADJPY, so going over this a little more. Right now, we wanna see if this bullish harmonic will remain respected all the way to the monthly at least. Or, now that price has gotten to the mid-level of the harmonic, will it turnaround and continue to the trendline where a daily level resides. As you can see, a trendline sits there...
The SPX500 has reached a new record last week. The price has a significant divergence with the MACD indicator which indicates for a reversal opportunity. If the price will breakout the support below it will be the right signal to look for a price action setup to sell the SPX500 index. The demand at the bottom will be the target for this position.
As we can see in the D1 chart the price creating a symmetric triangle pattern. If the price will breakout toward down it indicates the price tends to reach the demand below and I'll look to sell. If the price will break toward up I'll look to buy GBP/JPY.
The supply above is a critical level since it's the one that changed the recent bullish momentum to bearish. It indicates a strong supply and therefore I'll sell at this supply on the first touch of the price. The target will be the demand below.
Going bullish. Sitting on a weekly SR and is already showing signs it's leaving the oversold areas on the RSI on the daily. I'm going to the daily SR at 1.63487 until something changes its direction. BULL TPS: • 1.62096 • 1.63487 • 1.64345 BEAR TPS: • 1.61175 • 1.60126
BIG MOVE COMING! We have a several day consolidation sitting on a monthly SR with GJ. This move is gonna be JUICY JUICY JUICY when it takes off. I'm not looking for the pull rally to stop this month. If we see a downtrend, it will only be a pullback for a few days before the big impulse move back up. I'm patient with this one. GJ has been fun since...
Gold will still be a tricky little sucker this week. With a large bullish doji made last week, it could signal a strong bullish move happening this week for gold. Want to see if gold will do a temporary pullback then shoot straight up to my monthly SR to see can it breakthrough. But, as you notice with my analysis, I'm thinking a rejection is likely once it...
Well, this pair was an interesting one. It kept going up and didn't stop until it all the BULL TPs last week. So I am looking for a bit of a retracement some more and then another try at the monthly SR level to see if it can breakthrough. BULL TPS: Starting from 0.90314 • 0.90531 • 0.90950 • 0.91285 • 0.91494 • 0.92004 BEAR TPS: From the current...
On the H1 chart for Gold, we can see the price creates an incomplete Head & Shoulders pattern. Below, there is great demand for buy position, I'll buy at this demand and if this demand will react and the Price turns up from there, it will complete the entire pattern.
This pair here hit most of its bull tps last week. Bought we are now heading into the overbought area and bullish harmonics are forming on other JPY pairs. We should see a retracement of the bull rally before continuing further up. BEAR TPS: • 82.230 • 82.753 • 82.239 • 81.895 BULL TPS: • 83.992 • 84.405 • 84.889
So we have a bullish harmonic that formed sometime last week and it hasn't fully taken off yet. It should get a jolt with the Tuesday and Wednesday trade session to see whether or not it will be respected. Because this harmonic is seen from the daily, this move could last awhile. Here is the TPS ready no matter where it goes. BEAR TPS: • 120.568 •...
Total respect of the downward trajectory since last week. With AUD news coming in a few hours and again tomorrow, this short may last to the weekly SR at 0.88245 -- if it makes it there. Will keep the bull tps in place for now. I'll just add a few tps for the reverse just in case the news is in AUD favor. BULL TPS: • 0.84372 • 0.89801 • 0.89956 •...
BTC/USD price is in bearish momentum. The current support is holding the price for the last three weeks. If the price will break this support I'll look for a price action setup for sell position. If the price will move up to the supply above I'll sell there at the first touch.