Basically looking at structure, a Liquidity zone was made obvious and we spotted Supply and Demand, we are currently in a healthy downtrend suggesting at current price of USDCAD, there is an entry opportunity to sell for at least 100 PIPS.
As we have approached the 114.00 level as I suspected from the February analysis, We reached a critical Resistance/Supply Zone/ Psychological level where my intuition says go ahead and place those sell limits with in the 111.0 - 111.60 Price range. Weekly TF Strongly suggests by the float and Wicks that 113.0 is our stopping point for flight and it is time to...
From the break of structure to the Fibonacciness of our trade setup, we see that all three levels of our Price action Fibo tool was respected as well as the test of structure break on the Weekly, Daily, & 4HR Time frames. We can see an optimistic play to the sell side with exhaustion of buyers and wicks that tell us the story. As we Continue to sell on the...
This is a Pair that i've been monitoring since March when it broke the weekly channel. I specifically said that if it re-enters the channel it will reach back up to 114.00 Price point which is still very possible.. We have a strong trend in USDJPY and we can definitely take a look into the bounce of the text book Break out trade that has occured. One rule needed...
EURGBP has shown repeated respect to the area highlighted in the blue and red box, which is out Supply zone. Divergence shows significant volume weaken in that area, not to include momentum shift at this 0.89554 price point. So our trade set up is considered a Potential Reversal trade/ with a hybrid Momentum shift of the Relative Strength Index. My expectation is...
What I believe will play out from here since we had an obvious break of the Demand Zone with a strong Candle stick and High Volume to the downside. This pair is notorious for strong moves and continuations.
In this Short Scenario, I am judging my bias off of a couple factors. First lets address the JPY Index, We find some bullish momentum while our friend the EUR is some what stuck in a specific Price point. Please refer to the indexes of the respective currencies. Next what we see is a beautifully Formed Harmonic Pattern, which helps us look for a PRZ (Potential...
Reached Price Cluster level and Supply area where we suspect the gap comes into play along with very strong indication of a nice down play.
After Watching GBPAUD hit our confirmation levels dropping over 150 pips, Waiting for the Primo entry - The pullback has confirmed a reversal. the Divergence is one of my favorite pieces of confluence to look for a trade setup. So after Supply & Demand action observation as well as a confirmed touch to 50% Fibo Retracement level. We have a confirmed Idea of a Short.
On this Short scenario, we see 2 touches to the .786 percent retracement level. Which is exactly what we need in order to confirm a downtrend bias. Further more; We continue to identify on the the 4 hour and Daily TF Divergence which is our reach to the Supply & Demand Zone. Strong moves suggest a nice turn to the downside. This trade is submitted under the...
This Short Scenario on USDCAD is evident from Supply and Demand. We also have Divergence and accumulation. The breakout seems evident to the downside in correlation to DXY. This is a trend analysis idea. Also in collaboration with @Z4Zachary Please refer to his charts as well.
Long scenario in NZDUSD suggests a strong bounce from Demand. No floating in price point area Plus no strong candles produced for indication of continuation. I feel as if there is a new trend beginning and we shall see buyers for a solid 300 Pip Move. thank you.
What we are seeing in the USDCHF is the retracement level and it shows a Bearish flag to confirm the continuation of our executed trend. seems like a committed trend no breach of levels and no breach of trend.. respect of trend and respect of Fibonacci Price relationships.
Basic retest of structure Supply and Demand is my main indicator for a short / Bearish idea this morning.
The obvious reason for this trade is a long and for the RSI showing Exaggerated Divergence. As well as very great respect for the weekly trendline 3 times at least. Double bottom on all time frames from 3HR down to 15Min for entry. Respect to all demand and supply zones and strong bounces from the area of confluence multiple times. Thank you!
I Believe that we are now encountering a long term, down side trend. reasoning for analysis of the long term is for the (exaggerated divergence) of EURAUD. Plus impulse to the downside, Beautiful respect to Supply and Demand Zones. and a nice respect to gap and Market sentiment. In which case my Intuition is telling me to Sell all the way past 1.4900 Price point....