Basic Resistance Become Support in Timeframe H4. Wait for Price Action in H1/M15 (Rejection/Chart Pattern).
Higher Timeframe Daily shows Bearsih trend with current sideway. After completed 4 decimal point for rectangle pattern, price might continue for bearish trend. Wait for Price Action in the Watching Zone. If price do rejection or create Bullish Candle, we can entry for Buy first. Suggestion looking for buy in H1/30/15. Good opportunity is wait chart pattern in...
Wait for rejection in the zone such as Bearish Engulfing, Candlestick Pattern or multiple rejection. Supply and Demand + Smart Money Concept in M15 timeframe. This setup will fail if only price break swing high.
First signal there is rejection 2x in the support area. Current chart pattern is Double Bottom. Creating to become Triple Bottom. Buy first before long Sell at the Supply area. > Wait for rejection > Wait for Bullish candle
QM Setup for short selling Gold Low-Risk Entry: Wait until Price Break Previous Low and reject Supply zone Drop Base Drop. High-Risk Entry: Instant Order Sell now, layer when Price make rejection on Supply Zone.
Setup Inverted QM Not Respected. Rules for entry this setup is waiting! 1. Wait for Fakeout or 2. Wait for Compression or 3. Wait for Rejection. I will not Entry if Price do Breakout the Bearish Engulfing.
Risk Entry 15-25 Pips. Entry with high risk because GBPJPY is still strong Uptrend on a higher timeframe. I might take this risk because Price might go to Maximum Pain Level (MPL) which have Bearish Engulfing on Weekly Timeframe. Big QM Pattern already created on higher timeframe as well. Confirmation entry can wait until Price got rejected on the Supply Zone.
After getting minor rejection yesterday in the Significant Support Resistance (SSR) zone. Personally, I assume this long trend will continue to an uptrend. FOMC meeting recently shows that US Dollar currency slightly strong after last 6 weeks in a weaker mode compare to Euro currency. Rejection in zone 1.21600 (Resistance Become Support) is one of the signal...
BBMA Daily - Red BBMA Weekly - Magenta BBMA Monthly - Blue Previously on April 2, I was aiming this pair will start bullish. As follow my prediction, EUR/USD bullish trend since early this month. I was targeting this EUR/USD to do a reversal pattern to make a bearish trend for Swinger. Strategy: If the price got rejection in the area upper BB Weekly, MA Daily...
BBMA Daily - Red BBMA Weekly - Magenta BBMA Monthly - Blue Weekly already flat, while Daily is abnormal trending up since yesterday in TF H1. I am waiting if got price rejections in the green box which in MA Daily. If got a price rejection, I will Open Position Buy and have a long position to take Take Profit on MA Monthly. Is NFP report will help this strategy?
BBMA Monthly - Blue BBMA Weekly - Purple BBMA Daily - Red This week is 2 weeks before the end of the month for March. Price might be looking for MA Monthly. If got rejection in MA Daily and Weekly, Price might be looking for MA Monthly.
BBMA Monthly - Blue BBMA Weekly - Purple BBMA Daily - Red Targeted Price will look for MA Weekly after get rejection on low BB/MA Daily. Wait until Price Action on GBP news and Europe open market.
Last week, Euro take advantage of US Dollar weakness and make Bullish trend. Even both pair are stronger at the end of the week, Euro might rise against the US Dollar for this week based on trend in H1.
Sentiment Risk-on still give an impact on this currencies. But as KGers trader (BBMA KG Technique), I was assume that for this pair might have short bullish until price at $ 1.21000 (current price $ 1.20400) before it will continue the trend of bearish. This also because the price wil try to break Resistance Become Support (RBS). If this week this pair EUR/USD do...
This is my analysis for pair EUR/USD which I assume today this pair will create a new higher high to test Resistance Become Support (RBS) in the level $ 1.22200. Is two news from Forex Factory for Euro currency can help to boost up this kind of pair?
After testing Resistance Become Support (RBS), seems like this pair can't break to make a new lower low. After news from Forex Factory, ECB President Lagarde Speaks, Euro create bearish almost 60 pips. If today news for US Dolar will not give advantage for this safe-haven currency, Euro will take this opportunity to fly high and create a new higher high.
Beside Support and Resistant, I used BBMA KG as my indicator for this technical analysis.