Price has broken prev. 1D MS High with the current bullish move to a new MS high, suggesting a possible turn around to the downside at least for the short term as bulls can't run forever. I would expect price to push upwards into the LP on the 1H and collect some liquidity before falling possibly all the way down to break current H4 MS Low.
Quick and simple one this time, EURAUD looking bearish for the coming week. Price broke MS on the 1H and other multiple levels on the 15M TF so I'm looking for an RTO to the 1H OB or 15M area of interest created as a result of the expansive move downwards before it continues to fall down the the 4H OB at the bottom of the range which is expected to hold as a...
Please note that my continued analysis of this pair and others is purely for personal reference and improvement, I just wish to share my analysis and look back on to it as the market develops.
Last weeks Bull run that I had predicted has taken place (marked with blue line) and I believe that this week will be bearish for USDCAD after touching with the 4H supply...
We can see very clearly that in the last trading week, price had reached a previous weekly low and so reacted and pulled up sharply. We now see price heading towards a 4H Supply Zone in which price is expected to hit before any hopes of a bear move begin, although price could very well push through the supply and take out a previous weekly high before returning to...
So last week, my analysis of USDCAD began to play out and I do believe the downward trend will continue after a short-term Bull run as price currently sits just above a Daily OB and 4H Demand Zone, allowing us as spectators of the market to expect Bull reactions to these zones.This short term move is supported with the confluence of price being below the central...
Looking at long-term shorts and short-term longs on GA this week as we can clearly see price falling into a weekly OB/ Monthly Support, meaning that we can be expecting a reaction move off the level into a shorter term drive upwards which will potentially begin to lose steam at the monthly level above current price before falling lower as the market does not seem...
On the 4H TF, we can see that price has crawled into a 4H OB after the previous breaking of Market structure that had been held on the 1D TF. Price will potentially roll over into 1.78600, an institutional level, in order to take any imbalances in the market however it has potential to continue to fall past that as the line at .78600 where market structure was...
