LearnFxJourney

LearnFxJourney Updated 

On the 4H, Price has broke the trendline and comeback for a retest indicating a shift in momentum to the upside. Price has formed a new structure high and exhaust to form a new structure low with Bullish confirmation. On the 1H, price has broke above trendline and comeback for a retest with price forming a Bullish Engulfing as confirmation followed with...

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Looking for a Sign of rejection and exhaustion on the 4H level. I'll wait for the next 15M candle to close for more confirmation. I'll be paying attention to a potential Double Top or a Lower High formation with multiple wicks rejection as evidence.

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On the Daily, Price has just rejected the Daily Fib 79 Level, potentially shifting the momentum to the downside. Price has formed a 3 Inside Down formation indicating a potential Reversal. Then price formed a Shooting Star as it closed below the Wicks. On the H4, Price has rejected the 4H MSB Fib 70.5 Level and consolidates into a Descending Triangle. On...

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On the Daily, Price has previously formed a HL formation with multiple wicks rejections. On the last Friday, price has closed as a strong Bullish Engulfing as it engulf entirely the move from the previous weeks. On the H4, Price has closed above the Resistance and has retested it as price was pushed off the Resistance turned Support. On the M15, price is...

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On the Daily, Price has just rejected the EMA Cross 79 level which broke structure to the downside on the H4. Following last week, price has retested the broken Structure to form a new LH formation with 4H MSB 62 Bounce to the downside. Price ended up breaking below the EMA 200 and the EMA 14 has also crossover to the downside with Declining Slope. On the H4,...

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On Thursday and Friday, price has rejected the 79 level and formed a Strong Shooting Star followed by a Bearish Engulfing indicating a shift in Momentum. On Friday, price has temporary find support on Institutional level 1.25. On Friday, Price has tried to push higher but was rejected on the Institutional Level 1.265. On the SMA 50 and Institutional Level 1.245...

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On the 27500 level, Price has rejected the Weekly Fib 79 Level and shifted the momentum to the downside as it printed a Strong Bearish Engulfing. On Thursday and Friday, it has dropped towards 25000 Institutional Level and rejected it as it temporarily form a new base. As of now, I believe price still has room to go in the bottom where it could retest the Fib...

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Following last week Price Action, price has rejected the Institutional Level 1670 and close back inside the Range formation and continue to push upwards towards the Resistance/range top. On Thursday and Friday, it has retested and rejected the Range Top at Institutional level 1745 which where it has failed to form a new HH formation. As of now, the price action...

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Price has previously break above 27500 but it failed to sustain the bullish momentum and ended up dipping towards 27200 level where it found a new Demand Zone. Following that, price has continue to retrace higher towards 27500 level which I expect to form a new LH formation for a shift in momentum. Although on the overall TF the trend is bullish, I believe that...

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Price has shown multiples Wicks Rejection on the 4H TF with price closing as a Bullish Engulfing Indicating further bullish potential. As of now, I would like for price to show clearer price action before deciding to take a setup. Overall my bias is Bullish and thus I will be waiting for a clear Bullish momentum and look for its retracement for an entry. Bias =...

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Throughout yesterday session, price has rejected Institutional Level 1.262 and surge higher to form a new HH formation. Following the NY close, price has been trying to break below 1.272 level but has failed to sustain bearish momentum. It ended up closing as a Hammer candlestick with new HL formation indicating further Bullish Potential. Bias = Bullish Structure...

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Throughout yesterday session, price has surged higher trying to break the Institutional Level 1.135 but failed to close above it. It then consolidated throughout the NY session in a Doji Formation. At this point, I would want to see clear price action going in either direction before deciding to take a setup. Bias = Neutral Structure = Potential Double Top or...

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Since last week, price has been extremely bullish as it continue to make HH and HL formation. However, I believe that price is currently very extended to the upside and will potentially enter a deep correction before it continue to move higher. As of now, price has not form any clear pullbacks indicating a formation of new HL structure. I will wait for price to...

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Following yesterday session, price has continue edging higher making a new HH after it rejected the 4H EMA 14 and Institutional Level 1.2650. On NY's close, it has rejected the Institutional Level 1.275 where it form a Shooting Star formation. For now, I wan to see price collapsed to the downside for a shift of momentum or for price to form a new HL formation...

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Following yesterday Monday session, price has retraced off its low at 1680 level and edge higher towards Institutional Level 1700 where it currently resides. Price has previously made a new LH followed with an EMA Cross with Wide Declining EMA 14 that has now started going Flat. For now, I'll expect price to continue retrace higher towards 1705 region where it...

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Following last week bullish push, prie has been very extended as it surge upwards to retest the Insitutitonal Level 1.135. It has found strong selling pressure on 1.135 as it printed a strong Shooting Star followed by a Bearish Engulfing on Friday close. Since yesterday Monday's open, price has failed to sustain the break above 1.13 and continue to consolidate...

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Following yesterday session, price has completed the Daily Bullish Tideshift as it tap the EMA 200 Level at Institutional Level 1.102. As of now it is trading right below the Daily EMA 200 trying to break above it. My bias for this pair is still Bullish and I will be expecting price to break above the Institutional Level 1.102 for a potential HH formation...

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Following yesterday Session, price has completed the 4H Bearish Tideshift as it has tap the EMA 200 and found support on the Institutional Level 1695 where it was rejected strongly forming a Bullish Engulfing closing above the EMA 200. During Yesterday NY session close, price has rejected the EMA 14 which has confluence with the 38 Level temporarily. When price...