FTM Daily S/R| PSFP| VAL| Falling WedgeEvening Traders,
Today's analysis, FTMUSDT, trading towards an area of support that has significant confluence
- Daily S/R Support
- PSFP Region
- VAL of local Range
- Bullish Falling Wedge
FTMUSDT's immidiate price action is corrective, it is trading towards an area of HTF support and liquidity.
Changing market strucuture at such region of support will place great emphasis on the current Falling Wedge pattern
Price action is to be used upon discretion/management of the trade
Fibaoncci
CADJPY PSFP| Weekly S/R| VWAP|.618 Fib| Price ActionEvening Traders,
CADJPY is trading towards a key region of support where a bounce is probably to create a local trading range
Points to consider,
- Liquidity Area
- Weekly Support
- .618 Fibonacci
- VWAP
CADJPY having a bullish reaction of this support level will be a strong sign of a local bottom, there are four technical confluences at the current region
GBPAUD Correct PA| POC Support| PA Range Evening Traders,
Today's Analysis - GBPAUD's - trading with corrective price action that will lead to a bounce
Points to conside,
- price action corrective
- local range low lost
- nPOC Support
- range reclaim = deviation
GBPAUD's immidiate price action is trading at a key support that is the nPOC, a bounce here with a reclaim of the local range will confirm a deviation, this will allow for a bullish bias.
the immediate objective will then become the .618 Fibaoncci of the recent impulsive leg down.
price action is to be used upon discretion/ management when executing this trade
hope this analysis helps, thank you for following my work and remember,
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”
― Yvan Byeajee
