Dailypaperfx888

Dailypaperfx888

This 4-hour chart of USD/CAD presents a bearish channel setup, signaling continuation of the downtrend. Here's a breakdown of the technical context: Trend & Structure Analysis: 🔻 Descending Channel: The price is respecting a downward-sloping channel (highlighted in red). Lower highs are marked by red arrows showing consistent rejection at the upper trendline. 🔹...

Dailypaperfx888

This is a 4-hour chart of EUR/USD displaying a clear bearish setup with well-defined technical elements: Chart Analysis Summary: 🔻 Trend Direction: Bearish Price is forming lower highs and lower lows, confirmed by the descending trendline (with red arrows marking rejections). The moving averages (EMA 9 and 21) are sloping downward, indicating sustained bearish...

Dailypaperfx888

This is a 4-hour chart of the USD/JPY currency pair with a technical analysis setup that includes the following key elements: Chart Analysis: Trendline Support: The price is following an ascending trendline, confirmed by higher lows (marked by green arrows). The recent bounce off this trendline signals ongoing bullish momentum. Key Levels & Zones: Daily...

Dailypaperfx888

This 4-hour chart of GBP/JPY shows a bullish continuation bias, supported by market structure and key technical levels. Here’s a breakdown of the analysis: Technical Breakdown 1. Trendline Support: The ascending trendline has been respected multiple times (green arrows), indicating a strong uptrend. The most recent test near 191.60 shows price reacting...

Dailypaperfx888

This 4-hour chart of Gold Spot / USD (XAU/USD) presents a bearish outlook based on the following technical analysis: Key Highlights: EMA Indicators: EMA(9) is shown in blue and EMA(21) in orange. Price is trading below both EMAs, suggesting bearish momentum. Trendline & Price Action: A descending trendline is respected with multiple rejections. Price failed...

Dailypaperfx888

Current Structure (GBP/JPY 30min): 4H Supply Zone at 191.600–191.760 → Price already rejected from there. Minor 1H Demand Zone at current price (~191.167) → price is consolidating around it. 4H Demand Zone at 190.132–190.054 → your lower target zone. EMA Setup: 9 EMA and 50 EMA are starting to "squeeze," signaling a possible break soon. Entry: Watch for a...

Dailypaperfx888

4H Supply Zone (3367.55 area): Price has rejected from here multiple times (highlighted with red arrows). 4H Demand Zone (3260.25 area): Price has also rejected upwards (green arrows) from here. Current Structure: Price is stuck between supply and demand, inside a 4H consolidation zone. There’s a 1H resistance currently being tested (~3308 area). Trading Plan...

Dailypaperfx888

CONFLUENCES 1. Price action, BREAKOUT and CLOSE above 4H TRENDLINE 2. Price Re-test trendline 3. REJECTION of 50% Fib re-trace & FAILURE to close under trendline. 4. CONTINUATION of Bullish momentum towards previous WEEKLY/MONTHLY resistance @ 1845 TARGET TAKE PROFIT #1 @ 1845

Dailypaperfx888 Updated 

1. Bearish structure LH/LL 2. Fib retrace of swing high @ 1.17890 to swing low @1.17002 50% retraced @1.17444 3. multiple rejections marked by multiple arrows on wicks and resistance zone 4. TARGET TP 1 at previous monthly support @ 1.65000

Dailypaperfx888

CONFLUENCES 1. Bearish Trend = New Found Lower Highs + Lower Lows 2. Swing High From Previous High @ 23.89 To Swing Low @ 22.00 3. Retest Of 50% Fib Retrace 4. Multiple Rejections Daily of 50% Retrace Confirms Entry Position 5. TAKEPROFIT 1 AT FIB EXTENSION 1.618(20.846) 6. TAKE PROFIT 2 AT FIB EXTENSION 2.618(18.97) 7. FINAL TAKE PROFIT AT PREVIOUS...

Dailypaperfx888

CONFLUENCES 1. New found lower low @1744 2. Fib retrace swing high @1787 to swing low @1737 3. Retest of 50% retrace around @1760 zone Which is also weekly resistance 4. Rejection of weekly resistance / 50% retrace. 5. ENTER POSITION AROUND @1761 6. TAKE PROFIT at Fib Extension @1705 Which is also previous monthly support @1705 AREA.

Dailypaperfx888

SIMPLE CHART PATTERN SETUP ASCENDING TRIANGLE . BULLISH WAIT FOR BREAK OF TRIANGLE. LOOK FOR RETEST AND REJECTION ONCE REJECTION CONFIRMED. BUY ENTRY POSITION PLACED.

Dailypaperfx888

CONFLUENCE COUNT 1. THREE WEEKLY CANDLE REJECTION AT PREVIOUS MONTHLY SUPPORT @1686 2. MARCH 15 WEEKLY CANDLE CLOSE ABOVE PREVIOUS MONTHLY RES @1733 3. MARCH 22 WEEKLY CANDLE FINDS NEW SUPPORT AT PREVIOUS MONTHLY RES OF @1733 NOW TURNED SUPPORT. 4. MARCH 29 CANDLE RETEST PREVIOUS MONTHLY SUPPORT OF @1686 ( MAJOR REJECTION ) 5. APRIL 5 ...

Dailypaperfx888

Gold dropping lower and lower, breaking monthly support after monthly support. now ranging within a Bearish Triangle on the Hourly Timeframe . waiting for the squeeze to break out under towards previous monthly support of 1686 then so forth towards 1577

Dailypaperfx888

FINALLY BREACHED 1800 WE HAVE BEEN BREAKING MAJOR MONTHLY RESISTANCES ONE AFTER THE OTHER FOR THE PAST YEAR FROM 1500 TO 1600 ALL THE WAY UP TO 1700 AND NOW TO 1800! ARE WE LOOKING TO REACH 1900 AND MAKE NEW ALL TIME HIGHS?? WE HAVE REMAINED BULLISH ON DAILY AND 4H TIMEFRAMES DAILY AND 4H BULLISH TREND LINES REMAINS RESPECTED AND KEEPS PUSHING FORWARD TOWARDS...

Dailypaperfx888

GOLD OPENED AND CONSOLIDATED AT PREVIOUS DAILY RESISTANCE AND CREATED A SIMPLE RECOGNIZABLE ASCENDING TRIANGLE PATTERN ONCE WE BROKEOUT BULLISH, POSITIONS WERE ENTERED AND TAKE PROFIT WAS SET FOR @1716 WHICH IS OUR LAST MONTHLY RESISTANCE PRICE WAS HIT AND PROFIT WAS TAKEN. WE CONTINUE NOW TO LOOK FOR A RETRACE AT PREVIOUS RESISTANCE WHICH NOW SHOULD TURN TO...

Dailypaperfx888

CRITICAL ZONE UNDER 2 TRENDLINE CROSS NEW LOWER HIGH SETTING UP REJECTING OF MONTHLY RESISTANCE @7164 IF TRENDLINES HOLD AND PRICE RESPECTS NEW LOWER HIGH WE ARE LOOKING FOR PRICE TO DROP TOWARDS @6425 ZONE TO CREATE A NEW LOWER LOW AND CONTINUE TO FOLLOW PRICE DROPS ALONG STAIRWAY DOWN

Dailypaperfx888

ON THE 1MIN TIMEFRAME WE ARE LOOKING AT A MINOR RISING WEDGE PATTERN EXPECTING A BREAK OF THIS WEDGE LOWER AND RETRACE TOWARDS @23400 ZONE TO CREATE A NEW HIGHER LOW ONCE NEW HIGHER LOW CREATED WE CAN LOOK FORWARD TO PLACE LONG ENTRIES ONCE ENTERED WE CAN EXPECTED PRICE TO RISE AND BREAK ABOVE OUR UPPER TRENDLINE ABOVE. ONCE ALL CONFLUENCES CONFIRMED TARGETING...