Market_ATM

Market_ATM

Structure: Range (0.60 - 0.6755) Moving Average: Downtrend Trendline: Testing Uptrend Line Resistance Pattern: Huge Size Doji Trigger: Extreme Long Wick, cutting SL orders to 0.6 Support: 0.6240, 0.62, 0.6090 Resistance: 0.6455, 0.6755 Yesterday's Asian Session, Prices drove down to 0.6, breaking 2 Support area. However, huge rejection came from the bottom...

Market_ATM

Structure: Upward (Higher High: 1.32 > 1.3018) Moving Average: Uptrend, pay attention to 200 SMA support Trendline: Short Term Uptrend Line Broken Pattern: Possible Inverse Head & Shoulder, wait for formation of right Shoulder Trigger: Wait for Rejection Candle at 200 SMA Resistance: 1.32, 1.3350 Support: 1.30, 1.2970 Look at how 200 SMA acts as moving resistance...

Market_ATM

Structure: Upward Moving Average: Uptrend Trendline: Uptrend Line is far away Pattern: Round Top at 1H Timeframe, Multiple Rejection at 1.1480 Trigger: Candlesticks show weakness of bull power (2 Shooting Stars with long upside wick, Second High formed at 1.1480) Resistance: 1.1480 - 1.15 Support: 1.1180 - 1.12 EUR/USD raised 11 out of last 12 trading days....

Market_ATM

Structure: Upward Moving Average: Uptrend Trendline: Testing Daily TF Downtrend Line Pattern: V-Shape Rebound to important Resistance (previous H&S Shoulder High), Dark Cloud Cover on 4H TF Trigger: Daily TF closed with relatively long wick, breaks down of yesterday's low Support: 1.10 Resistance: 1.1180 - 1.12 Wait for 1H little bounce to get a better R:R, entry...

Market_ATM

Structure: Upward Moving Average: Gonna Test 200 SMA Resistance Trendline: Downtrend Line Broken Pattern: Double Bottom, Neckline Top Broken Trigger: Strong Bullish Candle on Weekly TF Support: 0.8590, 0.83 Resistance: 0.88, 0.90 Wait for Retracement enter Long, possible area around 0.86 level To avoid "fakeout", a rejection candle closed on 4H showing 0.86...

Market_ATM

Structure: Downward Moving Average: 200 SMA Support Broken, Wait for retest confirmation Trendline: Uptrend Line Broken, Downtrend Line Still far Pattern: Possible forming Right Shoulder of H&S Trigger: Failed Breakdown of 107.70-108 Support, Double Bottom in place Support: 107.60 - 108 Resistance: 109.60 - 110 Overbought and long run to an important support...

Market_ATM

Structure: Downtrend Moving Average: Downtrend Trendline: Broken Short Term Downtrend Line, but Daily TF Downtrend Line holds Pattern: Breakout of 1.08 Triple Top Resistance Trigger: Large Bullish Candle shoots up Resistance: 1.0890 - 1.09 Support: 1.08 - 1.0820, 1.0780 Wait for 1H candle retraces to 1.0815 previous top resistance, closed with rejection to go...

Market_ATM

Structure: Downward (Lower Low after breakdown of 0.9815) Moving Average: Broke 15 EMA Support, possible test 200 SMA Trendline: Uptrend Line Broken Pattern: Head and Shoulder at 0.9844 area Trigger: Strong bearish candle breaks neckline support Resistance: 0.9845 to 0.9850 Support: 0.9765, 0.9630 Bull power ran out of steam as the bearish candle formed and...

Market_ATM

Structure: Range Bound (1.3030 - 1.3350) Moving Average: Lacking Trend, Ups and Downs Crossover since Aug 19 Trendline: Uptrend Line from Jan 20 Broken Pattern: Triple Top Trigger: Evening Star + Bearish Confirmation Resistance: 1.3320, 1.3345 Support: 1.32, 1.31 After a long bullish run from Jan 20, price stalled fourth time at 1.3320 huge resistance Daily...

Market_ATM

Structure: Upward Moving Average: 200 SMA strong supports, 4 times attempt to break failed Trendline: Uptrend Line holds Pattern: Retest of Previous Ascending Triangle Top Resistance as Support Trigger: Clear Rebound at 200 SMA, with 6 bullish candles Support: 1563, 1568 Resistance: 1577, 1583 Wait for small retest to 1570 area, and try to long in a inter-day...

Market_ATM

Structure: Upward Moving Average: 15 EMA supporting Price, expect to retest 200 SMA Trendline: Short Term Uptrend Line Broken Pattern: Strong Rejection Candles around 1.32, possible forming Head & Shoulder Trigger: 2 attempts to break 1.32 failed, with large bearish candles yesterday, showed that bull power may have ran out of steam Support: 1.3125, 1.3100,...

Market_ATM

Structure: Range (1.2962 - 1.3175) Moving Average: Price under all MAs, favorable for short Trendline: Uptrend Line Holds Pattern: Triple Bottom at 1.2960 area, possible Higher Low formed at 1.2975 Trigger: 4H Morning Star on Uptrend Line After last attempt to long GBP, it faces strong rejection at 1.3170 But 1.2960 - 1.30 is a strong support area which is...

Market_ATM

Structure: Uptrend Moving Average: Double Tested 50 SMA Support, a deeper retest at 200 SMA than expected Trendline: Uptrend Line Holds Pattern: Head & Shoulder Neckline Support, Uptrend Line potential Morning Star Trigger: A potential failed breakdown at 0.6850 area Support: 0.6850, 0.6760 Resistance: 0.6930, 0.7025 Although today candle haven't printed, AUDUSD...

Market_ATM Updated 

Structure: Sideway Moving Average: Downtrend Trendline: Breakout of Downtrend Line Pattern: Potential Inverse H&S Trigger: Failed Breakdown Support: 1.04, 1.0300 - 1.0310 Resistance: 1.0480, 1.05 The pair made a trial to break 1.04, but failed to hold there. With 2 big bullish candles fight back, a sign that bearish power has gone and the long downtrend from...

Market_ATM

Structure: Uptrend Moving Average: Turning Uptrend, Close Above 200 SMA Resistance Trendline: Daily TF Uptrend Line holds, Short Term Downtrend Line Broke Out Pattern: Triangle Breakout and Double Bottom Rebound Trigger: Huge Bullish Candle to end consolidation Support: 1.3050, 1.2970 Resistance: 1.3180, 1.3260 Wait Small Retracement to 1.3050 to 1.3080 area,...

Market_ATM Updated 

Structure: Downtrend Moving Average: 15 EMA Death Cross 50 SMA, possibly test 200 SMA Trendline: Going to test Daily TF Uptrend Line Support Pattern: Double Top / Triple Top Trigger: Multiple Attempts fail to break 123, Bearish Reversal candles formed Resistance: 122.30, 122.70 Support: 121, 120.17 Wait 1H Reversal Candle to go short, expect a minimal correction...

Market_ATM

Structure: Downtrend Moving Average: Downtrend Trendline: Daily TF Uptrend Line holds Pattern: Small Head & Shoulder at 1H TF Trigger: Bullish Candle proves rejection at current area Support: 57.80 Resistance: 59.70, 60.00 Oil went down straight without correction Price finally failed to break down 57.85 support area with multiple attempts A strong bullish candle...

Market_ATM

Structure: Upward Moving Average: Uptrend, testing 50 SMA Support Trendline: Uptrend Line Support Pattern: Triangle Consolidation Trigger: WAITING FOR A BULLISH CANDLE CLOSE ON 4H or 1D Support: 1.2950, 1.2790 Resistance: 1.3350, 1.35 Clear Uptrend for GBPUSD in Daily TF 1.30 is a very important support zone Wait for bull show its strength If we can have a...