Text Book Candlestick Break out, We have a channel along with divergence to the upside, Decent volume in the Bullish candlesticks, what we have been waiting for is a decent pattern set up, and we got what we were looking for. So now we have a bullish momentum started, looking for over 125 plus pips to accumulate in this particular trade. Updates to follow.
EURAUD has a confirmed bias to the down side. As mentioned in the Chart there are Multiple confluences of Fibonacci Price cluster reltionships. The Two double tops indicate a termination of previous trend and reversal.
I did state at one point that if price had rentered the Perverbial Channel. That we would see price reach the supply point all the way up to the top, From Current Price we have a really decent Bullish momentum and continuation to the upside. Trend estaablished, strong movement to the upside.
The Cadjpy short scenario meets all of the requirements in trend analysis, Supply and demand zones are Clear. Divergence in Candle sticks. Straight across highs and the lows are lower lows, signifying a drop / reversal. Also Confirmed Sell on the iMarketsLive Harmonic Scanner, Bearish Harmonic pattern.
Super simple break down of the chart. We've exited a strong channel and we have high Demand , High Bearish Volume candles, along with an established trend to follow another break down to a major Demand zone.
1.618 Projection/ Extension .786 Respected Support/Resistance level Cluster at 50% and 100% Fibonelle Trend established LH's and LL's Over bought conditions met. Previous Structure respected. Expected Continuation as of retest of previous structure which was the channel. to the downside bias.
The trend has already been identified, after coiling up for over 2 months we finally coincide with the Eur break down and capatalize on its weakness for a solid move to the downside. We are from current price point around the 1.19000 levels expecting a short to the 1.17500 where there is more relevant structure to flow too.
There is a beautiful respect at current price point on the 61.80 percent, What I'm looking for in particular is the price to fake out either direction. We have Non-Farm Payroll coming very soon so we are awaiting anticipation on this specific News Release. There has been decent respects to Supply and Demand and Fibonacci Levels on a more Grand and profound...
GBPAUD has moved very strongly away from resistance and has moved away on the daily very strongly from Demand. Which leaves my bias towards the sellers to show me a stronger move to the downside as we enter a bearish market. if every thing respects as it has up to this point we can see a great move 400+ PIP move from GBPAUD.
As we have broken the Supply zones and Moved very strongly away from price. We see high volume in the Sellers in this particular Market. We will have some slight pullback and be ready for another position in the Shorting outlook. More updates to come.
Haven't been in an optimistic position for a while with USDJPY. WE have now re-entered said channel which was broken on the weekly, and Daily TF back in February. Which now leaves me to believe after a solid 2 months of Bears and Jpy investing, Now looking at Supply and Demand, We have met the Criteria of Breaking the Demand Zone/ Bottom half of the...
From what it looks like of a break down on the weekly all the way down to the 4 hour I see many signs including Supply - Demand - Accumulation in this area where price is currently. There has been Divergence in the trend and in candlesticks although I would Hardly call the current status a trend. A parallel channel all the way down from the Weekly to 4HR...
nzdjpy In Short Bias from Harmonic Pattern Signifying continuous trend to the downside along with strong reaction to this one zone Trend analysis Verified. Three data points minimum meets requirement.
I have been watching NZDUSD for quit sometime and what I have been looking at in specific is the Resistance or (Supply) Zone that it has been touching on our 4hr TF. I took the liberty to analyze the DAILY TF as well to confirm my trend analysis. I like trading this pair in specific because of its respect to Technicals and slow moving nature, as well as its...
USDCAD has been bearish now for a week after its very strong reversal from said zone which was made very apparent, as of the current moment what makes the most sense is the zone it has stopped to take a small break and collect more orders before continuing to lower levels. Thank you, I hope you continue to enjoy these analysis!
At Current price point I feel as if this is a beautiful Resistance and time and place to make a Short. The following are confluences for my Short Idea - Harmonic Pattern Verified Long Term Divergence Confirmed on RSI & at Current Price point resistance. All give me a bias for a short of at least 265 PIPS.
The reasoning Behind the Short in EurUsd is the continuous Channel, and while in this (Channel) it was discovered that we are in a current supply & demand zone. If you look closer there is also a form of Divergence in the 4hr TF. Zoom out and look at your daily TF chart and you will see a clear downTrend also in effect. The 4hr also clearly shows Price Cluster...
I have been patiently waiting for AUDUSD to rebound from its current standing completing on the Weekly an Ascending channel. AUDUSD in the bigger picture is in an uptrend on the weekly, Very clear to see. Very strong trend also triggers my Long Bias for AUDUSD. AS it bounces from the Pitchfork bottom we look to come to the outer Median for potential take...