pc1992

pc1992

Daily depiction of AUDJPY, classic pattern for sell. Current area of price action is high probability for sell

pc1992

Heres 15 minute of AUDJPY depiction. Sell if pattern follows through

pc1992 Updated 

High probability area for sell. If pattern plays out in the end where it takes liquidity then drops

pc1992

My potential TP target, will take off 50% half way. Unless it shows otherwise, GBPUSD showing strong bullish momentum to reach target. Today It did a liquidity run and broke structure bullish during London session with entry at inducement of Asia Equillibrium

pc1992

High probability sell area. Premium array on higher time frame

pc1992

I anticipate a bearish outlook considering that it breaks the last lower high(28608 level) This to me would confirm switch in trend since it has also failed to make a higher high, it instead had just taken liquidity of the last higher high (64895 level)

pc1992

momentum is slowing down for bulls and reached a premium point which is a good area to sell from.

pc1992 Updated 

Could this be the turning point for XAUUSD #bulls Given how XAUUSD has tested a daily/weekly support 3 times and this week has reacted off the 3rd retest, it could be a potential turn in trend now.

pc1992

GBPJPY created double bottom at weekly zone and appear it may continue its long term (weekly) bullish trend towards monthly supply level

pc1992 Updated 

GBPUSD downmove in upcoming week. Upon looking at DXY, it appears it will continue with another push up before going bearish. Seasonal chart indicates overall bearish DXY trend Sep-Dec 2021.

pc1992

Price broke previous 4 hr high around 23 Feb. It has established a support zone where it failed to make a higher high. A small head and shoulders pattern looks visible to me. The trendline shows it making higher lows but it had failed to recently produce a higher high. Price could potentially break the green trendline and support zone and continue it's bearish trend

pc1992

From my analysis, price could break the trendline reaching a 4 hr supply zone where it can transition to a bearish move back down to retest the support line and make a higher high to confirm bullish price action. Alternatively trendline may not hold as support and price could break this and continue bearish.

pc1992

head and shoulders pattern at an area of supply, failed to make higher high and LTF trendline broken

pc1992

Looks like price did break support line as anticipated, from here it could possibly make the retracement back to the broken support line now turned resistance and if it respects it, prepare for continuation of the bearish move. Alternatively price could respect lower time frame resistance and continue down but keep an eye on those zones.

pc1992

Price is forming what looks like a head and shoulders pattern at a higher time frame zone which adds to confluence of selling, also need to see a break of the blacks support line then it continues it's bearish market flow.

pc1992

Price has reached a higher time frame zone and had broken the trend line and retested it. Once breaks key support level at 1.21129 I anticipate bearish move

pc1992 Updated 

Weekly has made a higher low, this could potentially result in a bullish breakout and subsequently continue its underlying bullish trend and make a higher weekly high

pc1992

Price looks like it struggled to get past a 4hr supply zone, broken trendline and retest. Double confirmation if it can break the black support line.