I would keep close eyes on this area since it may seem tricky, we sea that AUDUSD has broken structure causing many breakouts, and as of now it is currently trading up, the reason I marked previous areas is for you the viewer see how price is behaving in concordance with, SnR; Divergence; Market structure and Candlestick pattern n shapes. I remain neutral since we...
Market conditions are horrendous, few drawdowns but chin-up, those who succeed are the ones that fail and keep going. As shown in the graph, we may see a rejection to the marked zone since it was previously tested and rejected, may reason to me is that we had an impulsive move, so since retracing 30% to 50% that candle points back to that support, it is likely...
my audusd ended up pushing on the upside, MEANWHILE USDJPY!!!, we see a clear rejection, I would've entered on that long wick Doji and taken profits according to my strategy. We see a clear push back to the upside where we held multiple rejections. I am now waiting for a retest and rejection for a sell, if not, I will be looking for a buy after a pullback, its...
school got me busy. We can see beautiful rejection with 5 tops, each showing divergence on our rsi, best course of action was to plot a neckline and wait for the break, if you did so, enjoy. your lambo, anyways We ALSO SEE STRONG BULLISH DIVERGENCE, for that reason I will be trading market structure, if we go to our green zone I will most likely wait a retest and...
waiting for tests, I like trading with the trend so I will be looking for sell opportunities
possible direction, I hold this analysis due to the basics of market structure and level, though our last candle indicates otherwise. A retracement has been happening and we might see higher highs today followed by possible crash. I like keeping it simple, reading candle and understanding market structure are the best indicators.
this is a 30 min chart for my fellow scalpers, one thing to consider, look at market level, it is at lowest and we saw the rebound, the real question is, will the fundamentals sink it? Or will it rebound to 63? the thinner line is a weak support on the 5, while the thick are rather prominent, if it sinks breaks the weaker support and tries to reach the stronger...
in my opinion, the 30 is showing clear divergence on the lower low, not only but a clear rejection building a new support that will most likely decide where it will take place, my take is that it will break the channel, retest and trend up, but that's just me, good luck you all, use PROPER RISK MANAGEMENT, BRO, I AM TALKING FROM EXPERIENCE, PROPER RISK MANAGEMENT!!!!!!
the 30 and hourly indicate no divergence, bearish momentum seems to be exhausted according to Macd, anything anyone would like to add?
Possible double top on 5 15 and 30, 4H too wait for confirmatiob