Looking at the higher time frame for the DXY. We can see order flow bullish in the mean time. After tapping in to the weekly OB(demand) we have been rallying higher ever since. The past two weeks we have been noticing a retracement on the DXY.
Now the question is why?
If you look to the left we see the in OCT 2023 the DXY had a massive sell-off after tapping to...
I am bearish for the week for GU. On Monday price moved higher, I speculating that move higher was to form the Weekly candle wick. Today I am looking for price to ideal via news tap into the 1hr Ob above and take out buyside liquidity in the form of previous day high (PDH) and Old highs (IRL). If price give a confirmation to move lower then ill engage else i'll...
Price has been bearidh on GU for a while now. We a currently testing a daily OB. We can also see a smt divergence with EU. With all this confirmation we can speculate that GU is looking to continue bearish.
Looking at the daily structure which is bearish. Yesterday we tapped into a 4hr OB then had a break of structure on the 1hr timeframe. Today we would probably see a manipulation of the Asian high to tap into a higher POI(OB) before continuing lower.
Looking at price we down trend on weekly and daily. We broke structure to the downside on the 4hr time frame. We have liquidity on the 30 mins time frame. I am expecting price to test the poi and give confirmation to go short
Looking at the chart we can see that liquidity(equal highs) has been building at the top. and price has not broken the previous low. so if price can come and test the orderblock before taking out the liquidity that would be a valid entry point.
Looking at the current price action it is testing a 4hr order block (Demand zone). There is also a change of supply to demand indicated by the volume curve. expecting it to come and tap into the 15 mins order block before rallying higher. Targets equal highs for the first target next would be the previous major swing high.
Looking at GBP NZD, we can see it is an uptrend that has had a complete 5 wave cycle according to Elliot wave theory. After a swing, there is always retracement. The retracement was unsighted by the Eliot wave triangle pattern. since structure recently broke any retracement to an order block is a valid entry point. Targets the bullish orderblock on the 4 hr and 1...
Looking at GPB USD, it has been on an uptrend for a while now. The current price on a daily is bullish but on the 4hr and 1hr time frame they are bearish. GBP USD can be on the verge of a downtrend. the two rectangles are demand zones where I anticipate the market to reverse from then break the trendline. But will wait for price action to tell me that.
Looking at the daily chart we can see that price has been on a downtrend for a while any pullback would be a good entry point. price is currently retracing to an order block on the 4hrs time frame. Price has also slowed down in momentum as it approaches the order block with divergence on the 1 hr time frame. Targets can be previous structure points to the left of...
Looking at the daily time frame we can see that Price has been in a pullback phase for a while. It is currently hitting an order block on the 4hr timeframe. High impact news coming out today. Waiting for a break of structure to the upside then the trade would be validated. Any entry to a possible demand zone is a valid entry. Possible targets are the equal high...
Looking at the charts we can see that structure has been broken to the downside. This could be a retracement movement we can profit from. waiting for the price to come to the 4 hr order block and break structure on a smaller time frame.
Looking at eur gbp it has been in a downtrend. It is about to test an order block (supply zone) if structure breaks on a smaller time frame then the trade is valid. targets previous lows.
looking at eur jpy it is currently testing a supply zone. If at this zone we can see a distribution or break of structure on the smaller time frame then the trade is valid. Target equal lows formed last week.
Looking at AUD jpy from the previous analysis it did not retrace up and continue to break structure. It is about to test a supply zone on the 1 hr timeframe and expecting it to reject and rally lower. Target previous lows.
Due to the recent strength in the dollar and break of structure in USD cad looking for buying opportunities. Usd Cad tested a demand zone and rejected and broke the structure on the smaller time frame. In anticipation of higher prices then any retracement to any demand zone on the smaller timeframe is a valid entry scenario. Potential target equal higher created...
