SNR
SNR - EntryA magnificient move by GOLD since OCT, it has shown great effort in giving bull vibes along with other pairs in contrary of dollar index drop. Now the price has form a SNR by a strong support point that is getting reject from sellers, we have to give in a try as well it favors for the orderflow
cons are the price may fall as it gets rejected from the sellers on the top as well and have it mitigated more than 5 times on the support bias
NZDCHF - SNR EntryNZDCHF has made a huge success in bullish run since october as well. Now NZD has a bullish record but for CHF it is also bullish which could push NZD down. Upon Tom GDP news event
Cons are this scenrio did also happen long 4 to 5 months ago but the snr was not quite fixed and now again here, but the SNR seems proper.
also, the 1D candles shows bearish candle has crosed 2 days bull candle. now its tom we have to see what happens
AUDCAD 2H SNR EntryAUDCAD has bullish orderflow. Price has retrace in late new york session which indicates shift of movement in start of asian session. price has also steped in single support then resistance and now support-Entry.
cons are the price has just came from a rally 2 days ago and there is a close to huge bearish candles forming over the 2 days
CHFJPY WILL GO TO MOON THIS WEEK?Personally, I aspect CHFJPY will go to the moon (for short term). This is because currenly price rejected the Drop Base Rally (4 Hours). I also aspect market might to do a potential Support Become Resistance and continue it’s downtrend until QM (4 Hours). Incase market break the potential SBR, it would go bull until Resistance (D1).
Divergence + Minor SNR + OrderblockI spot a divergence on 5M outlook, which then price seem to reject as well giving to a possible orderblock entry and as well as a minor SNR level could be into play as well.
Although the SNR level is not so much clean but to stand more chance is the Divergence as the dominant Reason.
Cons are the price is overall bullish and has just returned from mitigating a price structure and might push more to the upside to mitigate the minor extreme orderblock as AUDCAD mostly does.
EURAUD - SNR (orderblock) entryIts more of a resistance + Orderblock entry than simple SNR. regarding on the sport where the price intially was held as a support and then broke without minor reaction and become a major resistance on the first push leg and now its no the second where the price has mitigated on the previously broken resistance.
there are no cons right now except for a bullish flow up on the candles 1H.
SNR - Entry NZDCHFNZDCHF on the first day of second week in the first month of 2023, spotted a SNR level. where the price was support initially and then become resistence on the breakout marking out 4 strong rejections and breaking on the fifth one.
this entry will be on the first level of support becoming zone.
cons are price too shaggy and might not hold that zone but could mitigate the extremes.
CHoCH - Orderblock EntryAUDCAD after breaking quite strong resistance in a contraction phase seem to form reasonable CHoCH, which then has also formed a rejected orderblock demand zone. Now we have to see supporting the bullish orderflow will it take on to the mitigation and will buyers fill enough to push the price.
Price could also give a SNR scenario if price keeps onto the first orderblock
SNR (minor Orderblock) - EntryAUDCHF is showing an interesting point where price has broke structure as support and price reached as pull back to retest zone. Reason on why i think it will become a resistence zone
It has shown minor rejections on the small TF
Divergence trend had begun on the BOS. Now i think it will continue (After the pull back)
Reasons why I doubt it it's because it has a stronger move on higher TF
and price seem to hold the top of the zone (Orderblock)
SNR - EntryEURUSD has now entered support zone after mitigating resistance for the 3rd time. I took a buy because Orderflow is bullish and price is showing to keep HH. Entering with the trend is one of the safest approaches, which I call SNR entry.
Reason on why the trade has less potentials on rising again is:
The no pullbacks after mitigating the last resistance zone, it showing a rage move to the downside after hitting res.
4H candles have only bear candles; there are no sign of bull pull backs.
USDCAD Short - RallyPrice has broken major support off resistence and as SNR structure is formed. A deep retracemts Fibo and SNR level will oppose price further down as expected.
On other side of fundamental speaking, price has made quite impressive move to the upside as Eur weakens over Oil supply chain issure over the months.