USDCHF sell idea based on daily, 4h and 1h timeframe
USCHF fail to hit the previous daily resistance at 0.9246 and make a strong rejection at 0.9224
Followed by bearish engulfing in 4h candle
The sideways breaks to the higher price looks like a turtle soup scenario (sell inducement)
The gap between opening time has been fulfilled consecutively by the...
Following my previous idea, when the USDCAD hit the 4h fibb retracement zone, if the USDCAD maintaining the bullish reversal it will retrace in this zone
The USDCAD sell ideas revolves around 4h and 15m timeframe.
If the USDCAD reverse to be bullish, then there's a fibb retracement zone in 1.136919 in 4h. There's also a previous resistance that supposed to be a support but has been broken.
In the 15m, the price make a new resistance right below the 4h previous resistance.
The conclusion is, i tend to be...
AUDUSD sell ideas based on three timeframes (4h, 1h and 15m):
The price already hit the 4h bearish order block + hit the fib retracement golden zone
In 1h timeframe, the price already form the 1h bearish order block (followed with 3 consecutive bearish candles) and lately the price already hit the OB and made a rejection
Ideally the price will make...
IMO, as long the gold doesn't hit below 2292, the trend is still bullish. So in a bullish trend, i assume several keys to consider:
Gold currently retrace to the daily demand 24 April
Gold also (currently) retrace from the 4h demand at 2320-2325
To enter, i use the more aggresive timeframe like 5m and 1m. There's an order block and also dominant break buy...
Following my previous idea that the XAUUSD pair is in the sideways manner, it hits the previous OB- on 5 minute timeframe.
And since my sell conviction is strong, i place the sell order right away when the price hit the OB-.
The inducement convince me more that the seller are in control.
The pair have made the high recently on the Daily, leaves the OB- and retracement zone on the 4h behind
On the 1h timeframe, it's clearly sideways with both OB- as a resistance and OB+ as a support. It also provide an inducement above the OB-, means seller are in control.
On the 15m timeframe, it's retrace from the OB-, make a new support, a smaller...
Major trend is down trend and the price is currently hit the potential 1.24635 resistance level.
Utilizing the power of three, the GU surging to the upside on the london session and then go down for the rest of the weak.
If the downtrend continues, the price is already hit the h1 fibb retracement
It also hits the m1 bearish ob
