MakhadoRomeo

MakhadoRomeo

When I look at the price action of gold in an HTF, I see an extremely aggressive bullish trend in gold. But as I delve deeper into MTFs and LTFs, I see some reversal structures in gold that drive the price lower. A lower LTF impulse move and a bearish continuation corrective structure are what I have identified, and I see another confluence supporting the bearish...

MakhadoRomeo

The EURNZD structure and the EURJPY structure are comparable. Given that the price has already shown the first indication of a reversal, breaking below the MTF ascending channel within the HTF ascending channel, I am anticipating a push lower. As a result, the current structure suggests that the price will continue, which is why it is called CAB (Continuation...

MakhadoRomeo

Prices from HTF double tops, including MTF double tops, have broken out of the HTF ascending channel. As a result, the HTF ascending structure has already been broken by a first impulse. We are thus searching for an entry regarding the CAB structure's completion.

MakhadoRomeo

With top-down analysis revealing a bearish BIAS on the USDZAR price, there are essentially more confluences confirming the bearish strength. The price is appropriately moving in an ascending channel in this HTF DTs scenario. Price is now in an LTF corrective structure as a result of what I see as price forming impulse and corrective structures as it moves down to...

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MakhadoRomeo

The price evolved from the previously predicted idea, due to an effect on the News release price continuing to push up completing the HTF structure which can be referred to as a strong zone, however I personally prefer to refer to this as a HTF Double Top , looking at the most recent price action. Hence this still validates our setup due the following...

MakhadoRomeo Updated 

Price is indicating formation of a potential Double Tops or M-Pattern whereby the price tested the 2nd leg of M-Pattern in a Corrective manner, hence we call an Ascending Channel. So we waiting to see an impulse break followed by continuation Correction then look for entry.

MakhadoRomeo Updated 

The Price at This point is showing some signs of reversal price action. However the price haven't yet fully confirmed the reversal strength. Therefore price is in a level where we can expect a Potential Double Bottoms whereby we waiting for a formation of a Descending Channel then break above in a first impulse follwed by a continuation correction. As the price...

MakhadoRomeo

Price Action indicating reverval momentum on USDCAD. So we expecting continuation correction to continue with the bullish strength.

MakhadoRomeo

Price Action indicates a Bullish strength, as we can see that the price pushed all to the way down impulsely, but instead of the price to correct and continue, it then reversed cunfluenced by a previous swing point which hence became the double Bottoms sturcture and then price indicates Head & Shoulder before pushing to the upsiede which hence is one of the...

MakhadoRomeo

Expecting to see some continuation correction to push the price to the upside. Hence DXY is still in a HTF Corrective Structure.

MakhadoRomeo

Expecting to see Some corrective move approaching the level to form a Double Tops. however price can always evolve into new structures...But what we are currently focusing on is any sign of reversal structure to push the price to the downside.

MakhadoRomeo

The current Price Action on the HTF indicates HTF Double Tops , with a 2nd Top approaching in a Corrective manner, hence indicating an HTF Ascending Channel. As we move down to the LTFs, price action indicates a possible Double Tops Formation, where we expecting to see the price correcting towards the previous swing point, hence creating Double Tops with...

MakhadoRomeo

Double Tops Formation Ascending Channel also breakout therefore waiting for continuation correction to corfim bearish moves

MakhadoRomeo

PRICE ACTION UPDATE: Price Finally broke out of the Descending Channel I've been waiting for. I anticipated price above the Structure follow by a continuity Correction Structure then look for entry. Hence the price presented LTF Continuation correction inside the MTF Continuation Expanding Structure.

MakhadoRomeo

Looking to see abreak of a continuty parttento trigger the my entry. I'm looking to execute this a Stop Order Confluences: HTF still confirming an Impulse move. Price approached a LTF previous High impulsively instead of correctively follwed by a continuation correction.

MakhadoRomeo

Still looking forward to see the development of new Bearish Reversal Structures. The Price action seems to be developing some sort of a Descending Channel which we are not sure yet since it's not yet confirmed. However this can be some good signs to signal bullish momentum. Remember earlier we anticipated an impulse to the upside due to the Descending Channel...

MakhadoRomeo

Double Tops Head & Shoulder Formation Reversal Impulse follwed by a continuity correction.

MakhadoRomeo

We still expecting push to push to the upside to form a new High of the market. Looking for price to break the level of the previous Swing point then followed by LTF continuity correction to confirm Bullish momentum.