GBPJPY formed a four-confluences sell setup. so we are currently holding a sell. Four confluences: 1- Head and shoulders pattern 2- Divergence 3- Resistance from Daily 4- RichTL BOMB we will keep holding our sell until an objective buy setup is activated.
on WEEKLY: NZDCAD is currently sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes. on M30: NZDCAD is forming a head and shoulders pattern (still an idea) so we are waiting for the right shoulder to form and then enter on the neckline break downward. meanwhile, NZDCAD would be overall bullish and can still test...
on DAILY: AUDNZD is sitting around a support zone so we will be looking for objective buy setups on lower timeframes. on M30: AUDNZD formed an inverse head and shoulders pattern, so we are waiting for a momentum candle close above its neckline to buy. we also have a divergence on MACD adding more confluence to our setup.
on WEEKLY: BTC is still sitting around our 10.000 round number and supply zone so we will be looking for objective sell setups on lower timeframes. on H4: BTC is trading inside our two red trendlines (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it valid and then enter on its break downward. we also have a...
on DAILY: OIL is currently sitting around a strong resistance zone in green and almost filled the previous gap so we will be looking for objective sell setups on lower timeframes. on H1: OIL is trading inside a wedge pattern (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break...
AUDCAD formed a valid 3 confluences setup: 1- Head and Shoulders Pattern 2- Objective Trendline (in blue) 3- Divergence on MACD (in red) our trigger would be a momentum candle close below our gray neckline.
on DAILY: GBPAUD is sitting around a support zone in green so we will be looking for objective buy setups on lower timeframes. (unless price breaks it downward aggressively) on H1: GBPAUD we are waiting for a third swing to form around our upper red trendline to consider it valid and then enter on its break upward. Meanwhile, GBPAUD would be overall bearish,...
on DAILY: EURGBP is currently sitting inside a support zone, so let's see if it will reject it or break it downward. on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell. meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are...
on DAILY: GBPNZD is sitting around a support zone so we will be looking for objective buy setups on lower timeframes. unless GBPNZD breaks below our support aggressively, then it would become resistance and we will be looking for objective trend-following sell setups on its retest. on M30: GBPNZD is forming an inverse head and shoulders pattern (still an idea)...
on DAILY: GBPUSD is sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes. on M30: price formed an objective trendline in red and we are still waiting for a candle close below its last swing to sell. we also have a bearish regular divergence on MACD adding more confluence to our sell setup. meanwhile, GBPUSD would...
on DAILY: GBPJPY is sitting around a strong resistance in green so we will be looking for objective sell setups on lower timeframes. on M30: GBPJPY is trading inside a red channel (not valid yet) so we are waiting for a third swing to form around it for it to be objective and then enter on its break downward. we also have a regular bearish divergence adding more...
on DAILY: DXY is currently approaching a strong demand zone in blue so we will be looking for objective buy setups on lower timeframes. Keeping in mind that DXY can still go down to test the previous support to get more liquidity to be able to push higher. on M30: DXY is trading inside our purple channel, so we are overall bearish, however as mentioned from...
on DAILY: USDCAD is sitting inside a strong support area in orange, and almost filled the previous GAP, so we will be looking for objective buy setups on lower timeframes. on M30: Short-term: we are waiting for a new swing to form around our blue trendline to consider it valid and enter on its break upward. Long-term (conservative): we are waiting for a new...
on DAILY: BRENT OIL is approaching a strong resistance and GAP zone so we will be looking for objective sell setups on lower timeframes. on H1: OIL is currently trading inside our orange channel, so we are waiting for a new swing to form around our lower orange trendline to consider it objective and enter on its break downward. we also have a regular bearish...
on DAILY: AUDJPY is testing a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. on M30: AUDJPY is trading inside our two red trendlines, but the lower trendline is not valid yet, so we are waiting for a third swing to form around it to consider it objective and enter on its break downward. we also have a regular bearish...
on DAILY: USDNOK is approaching a demand area in red so we will be looking for objective buy setups on lower timeframes. on M30: USDNOK is trading inside an objective channel in orange so we are waiting for a momentum candle close above the last swing that forms around our upper orange trendline to buy this pair. we also have a regular bullish divergence on MACD...
on DAILY: this pair is currently rejecting a strong resistance/supply area so we will be looking for objective sell setups on lower timeframes. on H4: AUDNZD is trading inside our blue channel (not valid yet) so we are waiting for a new swing to form around our lower blue trendline to consider it objective and enter on its break downward. we also have a regular...
on DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected. on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern. So we are...