fvmiyeh

fvmiyeh

Weekly shows that EA is trading within consolidation range, the support of which has been broken through. On the daily we can see that the more recent price action is beginning to form a descending wedge. After breaking through the TR support and consolidating, price saw a sharp markup towards the resistance of the wedge before rejecting it with some strong,...

fvmiyeh

GU has broken straight through major and minor supports, as it has done before. I see two scenarios playing out here: 1) Either price has broken through and is coming back to retest before continuing on its bearish movement 2) Price has broken through and is now retracing back to major support before consolidating and making a move to the upside. I am leaning...

fvmiyeh

Approaching first test of supply zones. Expecting it to potentially wick through before a strong bearish move towards the downside.

fvmiyeh

Price has rejected major trend channel resistance and is now rejecting the minor resistance exerted by the range EY has been in for the past month. Price did break through on the 17th-18th but was met with a bearish engulfing. All-in-all, I believe price will fall towards support.

fvmiyeh

Price broke through the channel's resistance before rejecting it at a later point as a retest. Expecting price to make a move to the upside from this point on. Backed by the fact that for whatever reason, through thick and thin, the Euro seems to never lose steam. Momentum on higher timeframes is extremely bullish, so that's also where my bias lies.

fvmiyeh

It's been about two weeks now since gold went against everyone's assumption and rose higher instead of selling into the demand zone below. Looking at the trend channel on a higher timeframe I can kinda see why. Gold has twice before broke through the minor resistance and reaching levels at the major, higher timeframe resistance before selling back down through the...

fvmiyeh

Last EURJPY H4 S&R long hit TP in two candlesticks. Let's see what happens here.

fvmiyeh

EURGBP is bearish on higher timeframes. We have broken through minor support and retested major support. Since overall momentum is bearish, I thought of this idea for a short into the previous low. ~1:2.5 RRR

fvmiyeh

On timeframes >= H1 we are on a bull run. On timeframes < H1 we can see that we've broken structure by violating a minor resistance line towards the upside of our trend channel. It has been retested and appears to be working as a new resistance. Longs can be placed with SL in line with wicks of most recent retests. Personally I'm going to set one up for the scalp...

fvmiyeh

Simple S&R Scalp. Bearish candles are showing signs of exhaustion heading towards resistance on what can be seen as quite a bull run on timeframes > H1. 102 pips, ~3 RRR

fvmiyeh

Simple EURJPY long based on support on resistance found in the consolidation range developing over the past month. ~ 1:2.5 RRR

fvmiyeh

Supply and demand on XAU

fvmiyeh

Natural gas has been following a down trend since around 1st November and is respecting trend lines. Waiting for a clear reentry into the trendline on 1m for a break and retest for a long.

fvmiyeh

Initially unsure of whether price had found a new support and was going to spike up. After the high of the second shoulder (3) met the high of (1) without breaking it I figured it was a head and shoulders reversal pattern and went short. Risked 7 pips for a gain of about 30 giving ~9.84 RRR.

fvmiyeh

Last night resulted in a picture-perfect Wyckhoff accumulator set up. An institutional candle formed at around 12:30 pm resulting in a contraction and subsequent markdown phase. Selling climax follows with its signature long bottom wick, signifying the end of markdown and the beginning of discounted long position purchasing. What followed was an automatic rally...