The Key to Success has Been Underneath Your Nose the Entire Time
The key detail that every new trader seems to miss is that volume ultimately controls price movements because the presence of adequate volume validates the price movement. If a price movement fails to be validated by adequate volume , then there is going to be an equal an opposite reaction. There...
I'm waiting for a shorting opportunity withing the red box which is the immediate sell zone. Do note that all 3 timeframes namely the Daily, 4-Hourly and 1-Hourly are showing a different setup, trade this pair with caution.
Price action forecast for Buy and Sell traders. For now,we are looking for a safe buy entry point which is marked as a neckline till supply zone after touched this zone,can get short position.
Based on our technical analysis on higher timeframes with AUDCHF, we see a potential for a SELL opportunity for the month of February.
Drawing a fib from October 2020's low to January 2021's high, we can see that price is hovering right in the possible SELL zone for Bears to enter. If price does not break the 6.18% level (on the fib drawn) then Bears can...
Eurusd to reach the 1.20 area with a deeper retracement to the golden ration 0.618. Based on the volume profile the POCs clearly are showing a deeper retracement since the value area failed to rise above the 0.5 fib retracement and we can definitely look at a strong USD for the next days.
In terms of structure we are seeing the formation of a head and shoulder...
My bias in shorting USDJPY still stands, in fact on Monday morning I may just engage a trend trading trade by shorting USDJPY on this Shark Pattern as long as the market didn't gap away from the current price. What's nice about this setup is that not only the shark pattern form within the sell zone it is on an RSI Divergence.
the AUD JPY is rejected multiple times by trend line resistance and looking bearish to touch down the broken resistance turned support a short term SELL expected
apply your own money management
always remember that
PATIENCE IS THE KEY