Looking for a pullback back to 111.00, then we look for sell signal
AUDUSD Weekly: • Price once again found support at 0.7029 & double bottomed. • Area is a strong level as hammer & bullish engulfing candle were formed at this level. • Price broke through 0.7150 monthly with a clean bearish marubozu candle signalling more bearish move to come. • Moving averages still bearish. AUDUSD Daily: • After break of 0.7150 monthly...
Small Buys up to first take profit about 50-60pips
GBPUSD 4hr: • Price broke through 1.2646 + ascending trendline now waiting for the retest of 1.2646 before we sell. • I still think this pair will move a little lower to form a new low before going up for a retest. • Price broke through 1.2646 again to the upside after a gap up from market open, do now expect price to go up to yellow area of resistance the sell...
GBPUSD Weekly: • Price finally broke through 1.2700 monthly level and formed new low. • Price in an overall bear trend with lower lows & lower highs. • Moving averages are still bearish. GBPUSD Daily: • After break of 1.2700 monthly, price came back to level to retest and rejected off it for 4 days with bearish engulfing & shooting star candle. • Friday...
GBPUSD Weekly: • Price finally broke through 1.2700 monthly level and formed new low. • Price in an overall bear trend with lower lows & lower highs. • Moving averages are still bearish. GBPUSD Daily: • After break of 1.2700 monthly, price came back to level to retest and rejected off it for 4 days with bearish engulfing & shooting star candle. • Friday...
USDJPY Weekly: • After constant rejection of 114.00 weekly resistance with dragon fly doji & bearish engulfing candle. Price has finally fell a good 300pips down to110.90 daily support. • I do expect weekly candle to close below 112.14 4hr level + ascending trendline however will wait for weekly close before taking any trades. • Moving averages about to cross...
AUDUSD Daily: • Yesterday was a very bearish day with price breaking through 0.7150 monthly level. • Price found support at 0.7100 4hr level + Daily Order Block. • From here I do expect price to make a move to the upside to retest 0.7150 monthly and beyond. AUDUSD 1hr: • Price Found support at 0.7078 forming a double bottom reversal pattern. • Price since...
USDJPY Weekly: • Strong level of support at 112.63 daily with price rejecting off for 4 weeks. Last week candle rejected and closed as a bullish candle. • Retest for the 3rd time off ascending trendline is now in play, also rejection off 112.14 hr support + 0.50 Fibonacci level. • Also, rejection off weekly Order Block both moving averages bullish. USDJPY...
AUDUSD Daily: Yesterday price made way up to 0.7200 resistance and rejected off it closing as a long legged doji below 0.7182 resistance. New lower high has now been formed inside daily order block. I do now expect this pair to revisit 0.7150. AUDUSD 4hr: Price is constantly rejecting off 0.7200 with spinning tops, hammers and bullish engulfing candles...
EURUSD Weekly: • Price has been consolidating for 6-7 weeks between 1.1450 & 1.1300 in an 140pip range. • Last weeks candle closed as a bearish engulfing, engulfing 2 previous weeks. • Price rejected off 1.1300 support for a 4th week, however I do see price breaking through & making way down to weekly order block. • Moving averages bearish. EURUSD Daily:...
4HR: Sell after retracement to yellow zone/ double top neckline
USDJPY Weekly: • Price has been consolidating for 6 weeks in between 112.63 & 114.00 in an 130pip range. • Its most likely for price to re-visit 114.00 rejection off 112.63. • Price rejected and couldn’t close above 113.38 which is a very strong level and could turn from here • Moving averages still bullish. USDJPY Daily: • Price is making lower highs with...
USDJPY Daily: - Daily order block didn’t hold price is now floating inside block. - Descending trendline broken next target for this pair 114.00 weekly resistance. - Price has closed above 113.38 4hour support, now expect bullish move to upside. USDJPY 4hr: - New high was formed at 113.67 4hour resistance. - Expect pullback to 113.38 4hour support + 0.62...
USDJPY Daily: After price broke out of daily order block, it has now come back to retest the order block which is now filled with potential sellers. Another confirmation for a sell is price is rejecting of descending trendline for a 3rd bounce which could push the market down to 112.14 4hr support for a new lower low. USDJPY 4hr: If price can close below...
EURUSD Daily: As stated in previous analysis we had to be cautious of descending trendline. Yesterday price rejected heavily off trendline and closed as a bearish engulfing candle. Also stated that daily order block was filled with great number of sellers which will push the market lower. Next target 1.1326 4hr support. EURUSD 4hr: New low was formed at...
Daily: After a huge gap in price at the market open this pair could not push lower to retest ascending trendline. Yesterdays candle closed as a long legged doji. I do expect price to climb up to 1.1450 daily and break the daily order block. 4hr: Waiting for a break of 1.1360 resistance, then we look for buys up to 1.1450 after retest to make new higher highs