#EURUSD 2 interesting areas for bearish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in the pairs specially USD pairs during news and while FOMC chairman speaks.
Other than that we have 2 very important area for price to turn and possible continuation of downside movement.
As you can see in the chart we have clear downtrend move in action in EURUSD pair and price been forming bullish corrective move since new low was formed.
Supply_and_demand
#CHFJPY bullish continuation*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in all pairs.
As you can see in the chart price broke above short-term bearish trendline with strong 4H time frame Marubozu like candlestick which revels buyers strength.
This bearish move since the completion of 4H time frame candle can be interpreted as pullback to test the broken trendline and its possible to be looking to buy in this area.
#GBPAUD Short term selling opportunityAlthough in long-term view price is in bullish Daily and weekly move, but in short term price managed to form bearish market structure ( I mean 4H and 1H timeframe ) so its possible to look for selling opportunities but with extra cautious.
As we can see in the chart we have valid 4H bearish channel, price recently broke below supportive area which hold price higher for 3 time and now can act as a resistance, price also below 4H EMA and seems like going to test it again, price also around our channel middle line which can also act as resistance.
Sept 13 2023 Sell trade USDCADIF you look at daily TF---> you can see a supply being mitigated.
Go down to lower Tf like 1H and you can clearly see a shift in market structure validated by HTF supply.
I waited for supply to introduced in lower time frame to have an entry.
15 min is my favorite spot to have better Risk to Reward Ratio.
As you can see there is bearish market structure. I wait for my IC to have a valid move and after it , enter at mitigation.
RR: Aiming for 1:9 let us see if I can catch it.
wyckoff distribution in action.
Advanced Analysic for GBPAUD! BUY HERE!My analysis of the GBPAUD forex pair is as follows:
Market Structure: I have identified the MINOR wave structure, marked in BLUE on the chart. The corrective wave structure, labeled 0A-BC and marked in RED, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C.
Price Action Momentum Channel: On the chart, I've identified a bearish momentum channel. I anticipate that the price will reach the lower boundary of this channel, and this could present an opportunity for buyers to enter the market.
Fibonacci Analysis: I've identified significant price reaction zones using Fibonacci analysis. In conjunction with other analytical methods, I predict that the price will react notably at two critical levels, particularly in the presence of substantial economic news.
SUPPLY & DEMAND BLUE MINOR STRUCTURE: ~ Fibonacci 0.618 reversal.
Other Secrect analysic.
Thank you for considering this analysis.
EURUSD Wyckoff PatternEURUSD Wyckoff Pattern
EURUSD - H1 Chart - Wyckoff Pattern in Accumulation Phase
1. Preliminary Support (PS)
Preliminary Support or PS is a support level that forms after a significant fall in market prices. It’s caused by Big Institutional Players and Smart money traders, when they try to acquire bullish positions after a strong selloff. In the image, you can notice that after a Sharp fall, the price action bounced back and moved sideways – That’s the example of Preliminary Support
Once a Preliminary Support is established, Market will find it very hard to break that support level because of Strong buying interest.
2. Selling Climax (SC)
Selling Climax is another pattern in Accumulation phase characterized by sharp selloff. It takes place before the Preliminary Support or PS. It indicates that selling pressure has reached a stage in which panic selling by the public will be absorbed by Big Institutional players or Smart money traders.
Selling Climax often coincides with bad news or some negative events, as it is caused by the panic selling behavior of public Investors. Big players often use the Selling Climax to acquire positions at lower price. In the Image, you can see the example of Selling Climax Pattern.
The bounce back in market prices followed by Selling climax reflects the buying interest of Big Players.
3. Automatic Rally (AR)
Automatic Rally is an up move that forms after the Selling Climax in the Accumulation phase. The underlying buying interest cause the prices to rally higher, but quickly prices will fall back after making a new high. The highest point of this rally will become the Resistance of the Accumulation range. You can see the example of Automatic Rally or AR in the Image.
After an Automatic Rally, Intense selling activity from the Public decreases and bearish sentiment becomes weaker.
4. Secondary Test (ST)
The Secondary Test formation happens after an Automatic Rally. It’s caused by the long covering process of Public Investors, which brings the price back to the area of Preliminary Support. Often prices will bounce back after touching the Preliminary Support indicating the presence of Buying Interest.
Secondary Test is a reflection that market prices have found the bottom. It is common to have Multiple Secondary Tests, as the market will retest the Preliminary Support to check the strength of Buyers. In the Image, you can see the examples of Secondary test.
5. Springs
Springs are nothing but shakeouts that happens within the Accumulation phase. The prices will fall below the Preliminary Support of the trading range only to reverse back above the trading range within a short time period. (Often referred as False Breakout)
Thank you