LearnFxJourney

LearnFxJourney

Since the middle of April, price has been consolidating in an Ascending Triangle formation with price forming a Flat Bottom on Institutional Level 1680. On the second week of May, price has formed an upside break of Ascending Triangle and surge to tap the Institutional Level 1760 before it retraced lower toward Institutional level 1720 where it temporarily found...

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Since the end of March, Price has been consolidating in a Range. On the forth bounce off the Range Bottom, Price has started to show signs of Bullish momentum as the EMA 14 & SMA 50 has gone Flat and seems to be crossing. On Friday close, it seems to have found a certain level of support on Institutional Level 1.09. For this pair, my bias is Bullish in accordance...

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Since the start of April, Price has continue to consolidates within a big range after it retraced from its bottom. It has found support twice on Institutional Level 23000 which has act as the Bottom of the Range. After bouncing off the bottom on a second time, price has managed to surge higher towards the Range top around Institutional Level 24750 - 25000. If...

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Since the start of May, price has been increasingly bearish after it previously formed a Double Top on Institutional Level 1.265. The following 2 weeks, Price has continue to make a series of LL and LH formation with the Price respecting the EMA 14. on 20th of May, Price has rejected the EMA 14 and seemingly formed a new LH formation with a Shooting Star. Thus,...

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15M EMA C FB - FLB - Wide Inclining EMA 14 - 1H Bullish Engulfing - New HL formation - 1H EMA Cross An upside break of structure (154 pips) with confluence on the EMA 14 and Ascending Trendline. Bias = Bullish Structure = Impulsive Setup = 15M FLB Confluence = EMA Cross - 1H EMA C - HH & HL formation -

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EMA C FB - Wide Declining EMAs - 15M EMA 14 - 1H SMA 50 - 4H Wicks Fill to downside A downside break of structure (45 pips) with EMA Crossover followed with a Wide Declining EMA 14. Price has made a series of consecutives LH & LL and is trying to get a break on the 1740 Institutional Level which is also the EMA 200 on the M30. Bias = Bearish Structure =...

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Following yesterday Session, price has respected the 4H MSB and bounce on the 70. 5 level forming a New LH. I'll be expecting further bearish momentum to the downside to form a new potential LL. I'll wait patiently for price to form clearer price action and structure on the Lower TF before taking a setup. Bias = Bearish Structure = Corrective to 1730 Setup = 4H...

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Price has previously rejected the H4 EMA C FB setup on the 70.5 which has confluence with the Institutional level 1.092 and continue to push higher to form a new HH. Moving the Fib layout higher, I'll get a new Fib Long zone with the EMA C FB setup. I'll need clearer price action/market structure to form on the Lower TF at the Fib Region/38 Level before taking a...

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Price has previously bounce on the 38 level and has now temporary formed a Double Top at the previous Resistance. I'll be expecting a shift of momentum to the downside as part of the deeper retracement. I'll wait for clear market structure to form on the Lower TF before looking for a setup. Bias = Bearish Structure = Double Top, Potential to form range Setup =...

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Following yesterday Session, price has rejected the 70.5 level once again to form a Double Top and broken below the consolidation indicating a potential Bearish Continuation. I'll be looking for potential setup on the Lower TF. Bias = Temporary Bearish Structure = Corrective to 1.215 level. Setup = No, Price has previously bounced off 4H FLB 70.5 level

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EMA C FB - 4H FLB Fib 70.5 Bounce - Overall Bearish Trend - EMA Cross - Declining EMA 14 A downside break of structure (32 pips) with price previously rejected the 4H FLB 70.5 level and formed a new Lower High formation. Price has formed an EMA Cross with a LL formation. I'll be looking for a short entry on the Fib region which has confluence with the EMA 14 &...

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Price has clearly in a downtrend as it continue to form a series of LL & LH. After forming a bottom on Institutional level 1.208, price has continue to retrace higher towards Institutional Level 1.228 which has confluence with the SMA 50, 4H Resistance and 4H FLB 70.5 level. Throughout yesterday Session, price has tried to break above the Institutional Level...

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Following yesterday's retracement, price has retraced lower and rejected the 4H MSB Fib layout 38 level which has confluence with the 4H Support, HH Formation, EMA Cross and Wide Inclining EMA 14. As of now, the trend is temporary Bullish and I will be expecting price to atleast retest the nearest Resistance at 24500 before it retrace lower. According to the 38...

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Throughout yesterday session, price has respected and rejected the 4H EMA C FB setup which has confluence with the Institutional level 1.092, 4H Support & Fib 70.5 level. As of now, price seems to be consolidating between the range of 1.095 -1.092 Region. I'll wait for clearer price action on this pair for further confirmation. I'll want to see price break below...

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Following the strong retracement on Monday, Price has respected the 70.5 of the 4H MSB Fib setup and continue to push higher reaching 1750 Institutional Level. As of now on Wednesday Asian Session, it is currently retesting the Resistance for a break or bounce. If price failed to sustain the Bullish pressure to break above the previous Swing high, I'll expect...

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15M EMA C FB - EMA 200 + EMA 14 - EMA Cross - Wide Inclining EMA 14 - HH formation - Devil's advocate on 4H FLB Long An upside break of structure (90 pips) with EMA crossover to upside, with EMA 200 & EMA 14 as Support. Price also has confluence with the overall trend as it has just rejected the 4H FLB Fib Long region. Although price is still currently in a...

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Throughout the Asian & London Session, price has continue to make a series of HH & HL as it trend higher. After price formed a temporary top at 1.097 level, price has retraced lower towards Fib region for a Potential Bullish Continuation entry. Bias = Bullish Structure = Corrective to Impulse Setup = Yes, 15M EMA C FB Confluence = SMA 50 , Wide EMA Cross, 1H...

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15M EMA C FB - Wide Inclining EMA 14 - 1H Bullish Engulfing - Overall Bullish Trend Price has broken above a Flag Pattern (24 pips) with a strong upside push, followed by EMA cross and a Wide Inclining EMA 14 Confluence = EMA C FB - Wide Inclining EMA 14 - 1H Bullish Engulfing - Overall Bullish Trend - Entry = On 70.5 Level Position = 2 Risk = 1% each