This is an updated analysis on the previous analysis I did on EURUSD. We are still have the same out look on this pair. price has completed an structure that has been forming approaching the Daily demand. now rice has finally trigger the Long entries
H1 structure has been broken, looking for price to retest the support turned to resistance then give us a further push to the downside which will expose our next key level as a H1 demand.
On USDJPY we can see price currently tagging a Dailly supply zone. which is also a weekly chart zone which makes it a nested zone. with a high scoring zone and makes the trade high probability zone. We will see price droping to the asending trend line
Upon retesting our demand we now have a strong push away from the zone and which leave the current S/D zone in control. This will also complete the falling channel
We are currently on a H4 supply, looking for price to drop towards the opposing demand which is a daily chart zone. where we could see a possible rejection or price reversal.
Currently we have a strong supply nested on multiple time frames, meaning that there is a higher probability of price reversing from here on. and as confluence we can see that from previous touches price has been reacting to the level. this will be a long term swing trade
With an obvious imblance that has to be filled we are looking shot positions to take us to the weekly demand. then from there take long positions.
a rejection off the recent fresh supply will take us to the newly formed demand.
waiting for price to retrace and reject off newlly formed demand
Another Buy on the EUR
Another Beautiful, Setup on EURGBP. A counter trend setup.
EURAUD, Seller are back in control and the bulls show exaustion. There is more confluances looking at the candle stick formation which is a brearish engulfing pattern just before price breakout on the dynamic Support. after the breakout we can see a brearish momentum on 4H Chart.
From here on i am looking to go short on the Mighty EURGBP. Considering factors of multiple rejection on resistance, these signal a reversal