On the weekly timeframe we found quite a bit of rejection off of the weekly key level. Overall on the daily we are in a downtrend and I have marked my main fib levels. At the moment we are retesting a serious daily level of support. On the H4 timeframe I can clearly see that we are in a downtrend. I have my fib marked and am ready to look for potential setups. We...
On the weekly timeframe we are definitely bearish. Last week closed with some bearish exhaustion. Down to the daily timeframe is where I have my main fib drawn for structure. We are sitting below the 61.8% fib level and at a major level of daily support. I will continue to go down timeframes in order to get a better idea of the move. Down to the H4 we have...
On the weekly timeframe we closed last week failing to form a morning star. On the daily timeframe we are definitely bearish and just retesting our supply zone for the third time. We could be making another LH at the moment. On the H4 timeframe I spotted a rising wedge which is a bearish reversal pattern. We currently have an entry opportunity but depending how...
On the weekly timeframe we closed last week with a lot of buyers exhaustion out of our weekly supply zone! On the daily timeframe we respected a key level of daily resistance but at the moment are slowing up as we retested a minor level of support. I am manly focusing on the H1 flag that is forming. We need to break below the lower trend line and H4 support level...
On the weekly timeframe we are still below the moving averages. Last week closed with a lot of sellers exhaustion failing to form an evening star. ON our daily timeframe we are still bearish but finding some buyers coming in at a H4 support level. I am focused mainly on the H1 timeframe at the moment. Endlesss we break all the way above 1.24000 I will be looking...
Right now, I own some PCG stock so I may be bias, and as always nothing I say should be taking at face value. That being said, the negative correlations have to do with the PCG bankruptcy reports, as well as the time period going on (we are in the coronavirus era as we are seeing negative correlations). If you look at it from a simple "supply and demand"...
On the weekly timeframe we are looking very bearish. Down to the daily timeframe we formed a LH and are continuing to descend out of our supply zone. On the H4 timeframe is where I see structure the clearest. We will look to continue this trend on the lower timeframes.
On the weekly timeframe we closed last week with a rejection of monthly level of resistance. This could show some signs of reversal from this position. On the daily timeframe is where I will put my fibs as this is where I see structure the clearest. We are breaking below some levels of resistance down on the H1 timeframe which will have me looking for selling...
On the weekly timeframe we are definitely still bearish. But last week closed with slight sellers exhaustion which is important to take note of as we go down to lower timeframes. My overall fib is on the daily timeframe where I see structure the clearest. We are currently retesting 61.8% failing to forma bearish variation to close out the week. The H4 timeframe is...
Overall on the weekly timeframe I can see that structure is very clearly bearish. Last week we closed with a spinning top which normally can signal reversal. The main timeframe I am drawing structure on is the daily. We’ve already respected 100% level, 88.6% level and now are looking to retest 78.6%. The H4 timeframe is bearish as well with lower timeframes...
If it is it could have its neckline at 6500. The signal would be aborted if it goes above 7100 or of it doesn't fall in the next couple candles
On the weekly timeframe we are most definitely bearish. On the daily timeframe our moving averages are starting to turn downwards showing the selling pressure kicking. Down to the H4 timeframe we have broken through major support and I expect movement lower
On the weekly timeframe we closed with a bearish engulfing candle. Down to the daily timeframe we are testing a key level. On the H4 timeframe the 200 day moving average is playing as a last level of support. We could get a bounce higher here. Or we will break below and wait for retest before shorting.
On the weekly timeframe we are overall bearish closing last week below the moving averages. We close the week with a bearish engulfing candle through the moving averages. On the H4 timeframe we are maintaining below the moving averages continuing a bearish trend. We are currently testing a H4 level of structure but considering how all of our higher timeframes are...
Overall on the weekly timeframe we are bearish. But at the moment we formed a bullish engulfing two weeks ago. Last week we closed with a spinning top showing some indecision. On the H4 timeframe we are in a bullish trend. But this does not tell the whole story. We are in a downtrend on the H1 timeframe. If we get a break of the 0% level or a retest again of our...
Up on our weekly timeframe we are still in the supply zone that we are finding a lot of resistance at. We need to cycle down timeframes in order to get a better idea of what’s going on. On the daily timeframe we are currently showing some indecision candles and I believe we are getting ready to push lower. H4 timeframe we have broken below our key level of support...
On the weekly timeframe we are still bearish but we did manage to close above the 8 and 18 moving averages to close off the week last week. We will need to cycle down timeframes to get a better look but keeping in mind that daily and above is bearish at the moment. On the daily timeframe we are definitely still bearish and are actually reentering the supply zone...
GBPUSD: On the weekly timeframe we are overall bearish but two weeks ago we formed a bullish engulfing. We will need to go down timeframes to see the significance. On the daily we are clearly still within a down trend. But we are still respecting the moving averages for the last 8 and 18 days as they have crossed bullish. On the H4 timeframe we are forming a...