Forex-Tiger-Analyst

Forex-Tiger-Analyst

PRICE DELIVERLY CLEARLY INDICATES A BULLISH CAMPAIGN.

Forex-Tiger-Analyst

Looks like we are to expect some strength in all USDXXX and weakness in XXXUSD as the DXY is currently at Daily Demand zone (Bullish Engulfing that created a high )

Forex-Tiger-Analyst

As we can see we are currently in a monthly supply zone and we have already gotten strong rejections from this zone Gold is most likely to sell on retesting the neckline or if it succeeds breaking through the neckline then it will obviously sell at the daily supply zone.

Forex-Tiger-Analyst

PLANNING TO HOLD THIS LONG TRADE FOR SOME DAYS PROBABLY TILL NEXT SUPPLY ZONE IS HITTED.

Forex-Tiger-Analyst

I EXPECT THIS PAIR TO SHORT FOR SOME GOOD PIPS ON WEEKLY CHART WHERE IT WILL RALLY AS WE ARE CURRENTLY IN MONTHLY DEMAND SEEKING FOR WEEKLY SUPPORT THEREAFTER GET INTO A BUY RALLY

Forex-Tiger-Analyst

LONG AFTER THAT BREAK EVEN TILL MARKED SUPPORT MERRY XMASS

Forex-Tiger-Analyst

PURELY SUPPLY AND DEMAND ANALYSIS

Forex-Tiger-Analyst

All strong moving averages are steep downwards W- chart pattern formed where price strongly broke the neckline hence we can expect a pullback to the neckline the moment price gets a rejection from any of the marked support and resistance areas Price formed a descending channel.

Forex-Tiger-Analyst

WE ARE CURRENTLY AT A MINOR DOWNTREND FOLLOWING THE CONSOLIDATION BREAK OUT ON THE 4 HR CHART, PRICE FAILED TO BREAK THE 161.8 FIBONACCI EXTENSION WITH DETERMINATION HENCE PRICE WILL MAKE A SIMPLE OR COMPLEX PULLBACK FORMING A MINOR CONSOLIDATION BOX RANGE

Forex-Tiger-Analyst

All moving averages are currently steep downwards on higher time frames There was a breakaway gap where the price made a simple pullback to the consolidation box range Previous candles on daily chart suggest selling pressure Take profit in 50 pips

Forex-Tiger-Analyst

When strike price hits our predicted resistance level as indicated it will most likely fall upto the previous resistance level which inturn will act as a support level