As seen on the 4hr chart dxy is heavily bearish guided by that trend line I can see a possible H&S price pattern forming @ 104.400 psychological level i can therefore anticipate a further drop in DXY prices
Hello guys happy new month for the new month i am expecting prices to pullback at least to the 18000 Reasons : 1. Bullish Engulfing on the 1M timeframe 2.50% fib retracement at 18000 3.Trend line at 18000 psychological level
The price of the pound is weak as seen on the 4hr chart price is going to create a possible H&S pattern @ 1.25500 before the drop.
dollar prices playing out at anticipated , price is currently hold 38% fib level as support fib drawn on the D1 chart from swing low to swing high
As seen on the 1hr time price has broken 1hr trend line and price has put in a double top at1.2500 level which lines up with the 50% fib on the D1 chart (from swing high to swing low ) GBPUSD price has gone further to break 1hr low .currently am on this trade as it mets all my entry boxes
As seen on the daily time frame Pound prices is in a down trend price as gone further to break 1W tend line ,GBPUSD price has broken into a new zone 1.25000 ,price is currently retesting this level 1.25000 to push low to 1.2200 as we have the next daily low Remember price just broke the low on the D1 timeframe @1.24000 and every time breaks a low price tends to...
As seen on the 4hr Nasdaq price has shifted from bearish structure to bullish structure
As seen on the daily time Nasdaq price is still in an uptrend the sells was a weekly time frame correction if you pull out your fib from 1W swing low to swing high you will se that the prices of the Nasdaq found strong supply at 17000 and price has broken through 17600 with strong bullish candle check my next post for trade entries
This is the best confirmation to wait for to confirm sellers are ready to drive AUDUSD prices down to 0.6400 level
As seen on the D1 time frame AUDUSD is still in a downtrend price is currently ready for sells as price is rejecting 61% fib level check next post on how to capitalize on this AUDUSD down move
This trade hit Stops this high wasn’t a strong enough supply I will be looking at the yellow bar at next level of supply
Possible move on the pound i expect sellers to step in at 1.25600 level for these reasons 1. W1 counter trend line is been broken now currently retesting 2. trend line on the 4hr 3. 4hr price structure is bearish
Possible move on the dxy based on structure expecting volume as USD have high impact news at 1:30 EST
As seen on 4hr timeframe price has reached previous 4hr highs at 17600 and fib from previous weekly candle stick from swing high to swing low Confluences: 1.Price is rejecting from physiologically level 17600 2. Price is rejection of 50% fib level 3.Price has grabbed liquidity at previous 4hr highs and put in a bearish engulfing candle
I have spotted a chart pattern on the daily timeframe ,price has gone further to break out of the neckline .i anticipate Nas price to consistently break the lows on the daily timeframe, in the mean time i will be wait for prices to pull back into 17800 .as sellers will like step in to drive price lower
THIS is my idea about Pound prices ,i will wait the short term buys ,I am looking out to see if seller will step in at 1.2600
My trade approach to market is ,i focus on the highs and lows of price .AS seen on the charts of AUDCHF on the weekly. timeframe i have identified the highs now we let price do it wave