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Price has broken out of a Triangle consolidation with a strong bullish momentum. Following an extended bullish push, price has now entered a corrective phase as it retraced lower. I'll be expecting price to retrace lower towards 1720 Institutional Level which has confluence with the 4H MSB Fib 70.5 level, 4H SMA 50, Daily EMA 14 and a Wide Inclining EMA 14. Bias...
Price has previously rejected the support at 23250 strongly and retraced higher breaking out of a Falling Wedge, indicating further upside. It also has confluence with the Bullish Tideshift setup. I'll be expecting price to atleast retest the 25500 Institutional Level. 4H Price has broken out of a Falling Wedge pattern with EMA crossing-over to the upside,...
Price has broken out of the Descending Channel and is currently forming a potential HH formation. According to H4 Fib Short setup, price will likely push higher back into the 1.23 Institutional level which has confluence with the 4H Resistance and H4 Fib 62 level. I'll be waiting for price to show clearer indication of direction before looking for a setup. Bias...
Price has bounced strongly off a 38 Fib level with strong confluence forming consecutives HH & HL. Price seems to be exhausted and is currently in a corrective Phase. According to the 38 Bounce rules, price is likely to bounce on the 62 for a potential Second Entry. Thus, I will be looking for price to retest the 62 for a second Bounce before the price continues...
Following last week bearish push, price has retraced higher into the Supply Zone which has confluence with the 4H Fib Short Region, Institutional Level 1.22 and a Wide Declining EMA 14. Lower TF Setup - 4H Bearish Short Enter right on Institutional Level 1.22 Entry - 2 position Risk 1% each Position 1 - 10 pips TP Position 2 - 20 pips TP
Price has been very Bullish since last week as it has just broken out of a Triangle formation and continues to form HH and HL. Following today's Asian open, price has continue to edge higher 1760 level and has been consolidating around this region since London's Open. I'll be expecting further corrective move as the price is very extended IMO. Bias = Bullish...
At the start of the previous week, price has been very Bearish as it continues to the downside with strong Bearish Momentum and forming a new LL. Then on Thursday and Friday, price pivoted from 23000 level as it retrace higher to retest the resistance. Follow today's Asian Open, Price has approached the 4H Fib Short region which has confluence with the 4H...
On last week, Price has been very bearish as it continues to dip towards 1.21 level where it closed on Friday. Following the Asian Open, it has continue to dip towards 1.2075 level before it rebounded briefly and continue to consolidates above 1.21 level. The overall trend is clearly bearish with price has just broken below the previous Swing Low and form a new...
On last week, Price has rejected the 70.5 level on the 4H Fib Short which has confluence with the Institutional Level 1.08506 and the 4H Resistance Zone. Following the Asian open, Price has been slowly edging higher as it continues to consolidates within a range with the EMA going flat. I'll be looking for a breakout of the range before forming a clear Bias on the...
Price has been very Bearish throughout the week with price continue to make a series of LL and LH formation followed with a 4H Wide Declining EMA 14. Price is currently putting pressure on an Institutional Level which is acting as support. Price has consolidated during the earlier session before a Bearish Push was seen from the 1.08 level. I will be expecting a...
EMA C FB - Price has rejected the 70.5 Level strongly which has confluence with the EMA 200 & the Institutional Level, and a Wide Declining EMA 14. Will be looking for further Bearish continuation for a Short entry opportunity. Bias - Bearish
22-4-2020 - Wednesday - 815PM Price has an upside break of structure forming a new HH as it was rejected from the Institutional Level 1.088. It then retraced to enter the fib region which has confluence with the 15M EMA C Setup, 30M EMA 200 & EMA 14. The 15M setup has confluence with the 30M EMA C Setup. Price has also made a series of HH & HL on the Lower TF...
22-4-2020 - Wednesday - 804PM - Price has formed an upside break of structure (144 pips) with the EMA 14 crossing over to the upside of SMA 50 . Price has respected the EMA 14 which has confluence with the Fib region and the Institutional Level as indicated by the Hammer Formation . Long entry - Will enter a long position if price manage to retrace within...
1. Price has shown strong Bearish Momentum as it has printed a Strong Evening Star followed by a Bearish break to the downside, breaking the previous structure. 2. Price has formed a new Lower Low and Lower High. 3. The EMA has also crossover to the downside indicating a potential Bearish Tideshift as the MA 50 has gone flat and EMA 14 is shifting downwards. 4....
1. Price has completed the Flag formation last Friday prior to the close of the market. 2. The EMA has crossover to the downside indicating a potential Bearish tideshift with the MA 50 going flat and EMA 14 shifting downwards. 3. Will be expecting price to retest the Supply Zone (red Zone) which has confluence with the Dynamic resistance to confirm the break of...
1. EU has formed a Double Bottom as it rejected off 1.09300 region with strong Bullish Momentum. 2. Then price consolidates into a Triangle pattern as the buyer and seller fight to decide a direction. On Friday, price broke to the downside of the Triangle at near the close of the session. 3. Following the break, price has retested the previous support on...
A significant upside break of structure (40.9 pips) followed with an ema crossover, finding support on Fib level 38 and the EMA 14. Will be expecting prices to retest the high at Fib level 0 for a retest, if broken it will potentially continue higher to 1.31 level; if it was rejected it could retrace towards the Fib level 62-79 for an entry Long opportunity at the...
1. Wave 4 - The pair has previously completed a Flat type Correction in Wave 2, so the Wave 4 will be a Sharp Correction (Zig-Zag). It has completed Wave 4 - Wave A and is currently in the middle of Wave 4 - Wave B. 2. Key Signal Region - A Bearish Reversal Signal on Red Zone will signal a potential Bearish move which is the start of Wave 4 - Wave C.