PeNuel2020

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR ACCUMULATES AHEAD OF RBNZ NEWS ON WEDNESDAY, 18TH AUGUST, 2021 PAIR POSSIBLY IN PHASE C or D OF WYCKOFF ACCUMULATION SCHEMATIC Seeing the fact that this pair is rallying at the moment, which is a showpiece that it is most probably accumulating above a key support of @0.7000,...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR GIVES A POSSIBLE FAKE-OUT AT NECKLINE A possible fake-out observed as marked out has been noted at the neckline and now back above the neckline. More importantly, neckline retested as support on H1 time-frame. PAIR NOW RESPECTING TREND-LINE SUPPORT We could see some buy...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) PAIR BREAKS BACK INSIDE DESCENDING CHANNEL TOP AND RETESTS IT AS RESISTANCE After a likely fake-out, this pair has made an entry back into the channel. This is usually followed by an aggressive sell-off, provided this analysis is what we see it as. Above all, stick to your...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR BREAKS ORDER BLOCK (NOW BELOW RESISTANCE) PAIR FORMS SHARK PATTERN DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for educational purposes only and they are my personal views on these assets. If anything goes...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR STALLS AT A STRONG RESISTANCE This setup can only be nullified above the SL region. The sell pressure has been activated below @1.275 break down. BEARISH SHARK PATTERN This setup appears as a typical bearish shark pattern and if so, the possible move is downside as shown. ...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR FORMS A POSSIBLE W - PATTERN W pattern has double bottom and the right-hand bullish move to complete the "W" shape is to target the neckline and then the double top (provided the neckline is broken upside). But be rest assured that most times, if this is truly a W - pattern,...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) PAIR AT CRITICAL TURNING POINT - A DESCENDING CHANNEL TOP As you can see that the descending channel top is acting a support for this pair. However, this current price level is a turning point where sell pressure can rush in, from previous order blocks established. A break below...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR AT NECKLINE OF A TYPICAL M-FORMATION Two possible scenarios can play out at this neckline: a rejection upside to the double top or a sell-off should the neckline be broken and retested @1.730. Kindly manage your risk and money well and obey your trading rules and plans. ...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR AT NECKLINE OF A TYPICAL M-FORMATION Two possible scenarios can play out at this neckline: a rejection upside to the double top or a sell-off should the neckline be broken and retested @1.253. Kindly manage your risk and money well and obey your trading rules and plans. ...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR AT NECKLINE OF A TYPICAL M-FORMATION Two possible scenarios can play out at this neckline: a rejection upside to the double top or a sell-off should the neckline be broken and retested @1.730. Kindly manage your risk and money well and obey your trading rules and plans. ...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR AT NECKLINE OF A TYPICAL M-FORMATION Two possible scenarios can play out at this neckline: a rejection upside to the double top or a sell-off should the neckline be broken and retested @1.730. Kindly manage your risk and money well and obey your trading rules and plans. ...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) PAIR AT KEY TRENDLINE RESISTANCE These are the 2 possible scenarios that can play out, as expected. The likely one is dependent technically on if you see any rally that suggests a predominant move. But just know that there are "many buyers" lurking around this pair since the last...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) SIDEWAYS MOVEMENT LIKE A RETRACEMENT TO @1.38 KEY SUPPORT A POSSIBLE ABC (123) SWING UPSIDE Do not take any position until you have seen a good buy setup @1.38 key support area and above all aligns with your bias. White dotted horizontal lines are key areas of R/S. Watch...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY SUPPORT LEVEL TESTED AND REJECTED Price are marked with green arrows is a key support level and has again being mitigated by price, filling up previous imbalance caused by the latter of the the equal lows in the double bottom . We can only affirm a buy properly when today's...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!) KEY RESISTANCE LEVEL // SUPPLY ZONE @88 The price region of @88 is a key resistance level as well as a supply zone that can not be overlooked. Price is currently at this level and it is consolidating, up until when enough volume or volatility will push it. This level also is the...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) INVERSE HEAD-AND-SHOULDER PATTERN TREND REVERSAL ON H1 White dotted horizontal lines are key areas of R/S. Watch out! Kindly manage your risk and money well and obey your trading rules and plans. DISCLAIMER: Please note that this is not an investment advice for anybody to run or...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) Accumulation at base of descending channel Fake-out possibly for liquidity grab White faded dotted horizontal lines are key areas of R/S. Watch out! This accumulation could be strong enough to go up to 200pips from entry. Above all, manage your risk and obey your trading...

PeNuel2020

(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) TRENDLINE SUPPORT I showed this in one of my previous posts that EU will bounce off this multi-months trendline support. It is just the way it is in this chart analysis. It did bounce off and now in profit. All we just need do is allow it play out as it is! Buy (ongoing/running)...