Technical Confluences: - Price is at Oversold levels from 1H all the way till the Weekly timeframe - Price just broke the 38% Fibo Retracement level (Orange) - Price bounced off the 61% Fibo Extension (Blue) - Price is also in a strong Interest zone; previously the highs of end-2021 - However, price has also broken through a Support trendline Fundamental...
Technical Confluences: - Price is considered at Oversold conditions in the D1, Weekly and Monthly Timeframes - Taking a Fibonacci Retracement from the beginning to the high of BIDU, price action is now at the 78% Fibo retracement - Price levels coincides with a Demand Zone which has been a strong demand zone over many years every time these levels are...
Technical Confluences: Price action is in Oversold conditions in the Daily and Weekly Timeframe. Likely to see some consolidation of positioning here. Price action broke out of an Upward Sloping Parallel Channel and cleared itself out of the that Interest Zone too. Likely will see a test to re-enter that Channel due to Oversold conditions. Elliot wave count...
Technical Confluences: Price is at Overbought conditions Daily timeframe Price action is close to a resistance trendline and entering an Interest Zone Fundamental Confluences: Very similar to the OANDA:NZDUSD posting I did, all other Central Banks in the DM space wanting to cut rates, it negates off the yield premium that NZD would be getting against...
Technical Confluences: Price action is in Overbought conditions for Daily and Weekly Timeframe Price bounced off the 38% Fibo retracement Price is also rejecting the Resistance trendline Price action also reversed away from an Interest Zone Fundamental Confluences: With all other Central Banks in the DM space wanting to cut rates, it negates off the...
See Chart For Analysis HTF: -Price inside HTF demand -Trend on HTF = uptrend LTF: -Price broke downward ML -Price removed opposing pivot zones -DBR demand created
I see EURAUD entering the demand area with the second touch, waiting for confirmation which is formed in the low time frame, as validation EURAUD will really bounce up, which is a wise step in the EURAUD trading plan. If you zoom in on TF H4 in the first circle you can clearly see a strong demand zone. Hopefully I'm right and profits will be made. Disclaimer:...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well - Targeting the 38% Fibo retracement for...
FX:GBPUSD . Price is currently sitting at a demand zone formed due to a relunctant bullish move Previous Day..During this london session i will like to see a heavy push above structure to indicate bulls presence in the market and then a return to a discounted zone to continue it move to the upside towards the marked out supply zone
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is at last month's Resistance Trendline - Price action is in a Consolidation zone - Targeting the 38.2% Fibo retracement Fundamental Confluences for Trade: - ECB plans to cut interest rate next month...
Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action reversed away from Supply area - Price action may reverse back towards Resistance Trendline and 61.8% Fibo Retracement Suggested Trade: Entry @ Area of Interest 1.8100 - 1.8110 SL @ 1.8156 TP 1 @ 1.8057 (Close Half-Position & move SL to Entry level once...
Keeping things simple, stick to the higher time frames, you have all the information you really need. Check my previous ideas for W1 and D1 analysis This idea further strengthens by bearish position (In the short-term) Explanation given in the chart Given the current price action, I'm expecting price to either range or correct (I think a correction is more likely)
-See the Chart above for an analysis -Price reaching off of daily/weekly supply -Shorts valid with confirmation -Personally will be trading smaller timeframes but still interesting levels. buy still valid for day-trading/scalping to the upside
Overextended Market -Price created many RBR in a row which gave us the ability to draw aggressive upward ML. -Market overextended and potentially elastic band effect. -Price broke aggressive ML -Price removed 2 opposing RBR demand Am not too sure about a HTF (W or D) but I still nice little RBD that could also be used as a HTF
Just sharing some analysis on the above markets. If you find the video helpful and/or informative, leave a LIKE and consider subscribing. May profits be upon you.
Hello traders, While we are shorting the pair to 1.0560 by half of our normal volume right now, we believe that a buying option is lying around 1.0550, which is slightly over weekly pivot point.