Current price action is showing sign of a potential bullish reversal inside a weekly demand zone. Will be looking at this pair closely for a confirmation to go LONG. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including...
After consolidating for 8 days, price made a strong break to the downside but met with a DZ and immediately responded with a stronger bullish impulse that took out the top of the consolidation. IMO, the bearish breakout is a move to trap the breakout traders with the smart money happily accumulating right below. I see a shallow pull back before another bullish...
Price has been showing lower low/lower high since hitting the high on 10th Sep. And the recent bullish impulse to me is just a pull back. Some might argue that it's a potential double bottom. But IMO, the lower second bottom invalidated this pattern. Thus, I believe that Bears are still very much in control. Will be looking to go SHORT at the SZ above to target...
Yesterday price action showing me sign of potential bearish reversal. And this happens at a sell zone. Will be looking for confirmation to go SHORT on this pair to target last swing low. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or...
Price are showing sign of bullishness and I believe it is going to pull back soon. Which will present a chance to go SHORT to join the Bears. I am looking at a flip zone that have serve as resistance and support countless times, which also coincide with fib 38.2 of the last Bear swing. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my...
Price has reached an important level. It acted as a support and resistance countless occasion. It is also at fib 61.8 and a DBD. Will be looking for opportunity to go SHORT on this pair. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or...
The previous week end with a weekly Bearish engulfing but all the losses was erased with last week Bullish closed that shows the intention of the Bulls. There's no sign of weakness even though we are near a structure high which tells me that Bulls are fully in control. Will be looking to go LONG for Bullish continuation DISCLAIMER: Any opinions, analyses...
Price is at a strong structure low and showing some bullishness with a H8 candle showing sign of strength which is follow up by a daily bullish closed the next day. I will be looking to go LONG on pull back DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept...
After a Bearish move from 20th Aug, price reacted to a previous resistance turn support with a Bullish daily candle. It took out a minor swing high, pull back to a RBR and reacted with a bullish move. Fri see price consolidating with Bears and Bulls fighting for supremacy with none winning the battle. I suspect that price might pull back to the newly created DZ to...
The previous weekly candle shows a rejection of bearish trend line and last week price action telling me that we might be having a Bearish move soon. Will be looking for confirmation on the lower time frame for a SHORT trade. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I...
EURZAR is somewhat showing the same price action as USDZAR. Check out my analysis of USDZAR: DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or...
The week started with a bang. A nice bullish impulse that took out a Bearish trend line. It met a supply zone(SZ), reverse course, drop back to the point of origin of the previous bullish impulse and bang, price reacted with another bullish impulse. It is safe to say that a strong 2 weeks support has been formed. Price has since pull back and stall at an...
After a strong Bearish move, price met a strong structure low and reacted with a D1 bullish candle. Since then, it has been making a series of HH/HL forming a diamond pattern. Fri price action tells me that a Bullish impulse move might be imminent. Will be looking at the lower time frame for a trigger to go LONG on this pair. DISCLAIMER: Any opinions, analyses...
Since 1st Sep, price has been making HH/HL. I see Bulls very much in control still despite the latest strong Bearish move. I am eyeing the fib 61.8 of last Bull swing which coincide with a previous structure high for a potential LONG trade. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute...
Price has been slowly creeping higher since the Bearish impulse move on 1st Sep. Price has reached a confluence where it is displaying price action telling me that a Bearish move is due soon. As we can see, price is now resisted by a downward trend line and fib 61.8 of the last Bear swing. What caught my attention is the price action of the last 3 H8 candle....
After a strong Bearish move on 7th Aug, price shows a rejection of Fib 50 and pull back before Bears launch an attack again. But this time, price see support at Fib 38.2 and struggle to close below it since then. Fri price action tells me that we might be due for a bullish move soon. The upper wick could be a test of supply and the lower wick could be a stop hunt....
Price is coming to an important structure high and last week price action is showing me that Bears are starting to show interest(the long lower wicks that cover the lower range of the previous candle) but Bulls are not giving up without a fight. Will be watching this closely for a potential SHORT trade. DISCLAIMER: Any opinions, analyses discussed in this...
Price has been building up volume at the lower range throughout the week. Could this be accumulation in progress? I see a potential stop hunt towards the important structure low below before Bulls take over. Will be watching this closely for a potential LONG trade. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and...