MichaelDForex

MichaelDForex

Parallel bull channel Looking to sell to trend Price may break and retest this block area so wait for momentum on candlesticks to indicate short or long trade.

MichaelDForex

AUDCAD 4 hour - Block - Pair is in parallel channel - Looking to sell for a retrace to the double bottom

MichaelDForex

K-tail or inverted hammer has formed at a fib intersection. Taking this down to it's previous low and possibly it may come to the 73 mark before making its way back up.

MichaelDForex

GBPCHF 4 hour retest - This entry coincides with the daily GBPCHF short posted before this one. Looking for a retest off the uptrend to create a downtrend move. - There is heavy liquidity below for price to soak up and touch the uptrend line once more.

MichaelDForex

Sell Block showing, highs broken and then trend break. Looking for a short at the block shown above.

MichaelDForex

Looking for retest to create new uptrend on the one hour.

MichaelDForex

Waiting on retest, massive bearish engulfing that broke the trend line. Waiting to enter on pull back from daily swing low. Possible head and shoulder formation.

MichaelDForex

This is not a strong block but we may be looking at a possible short opportunity and test off the daily. Price may retest and break trend for an upswing but I'm looking at taking this pair down to below the .68 level.

MichaelDForex

Waiting for momentum to slow on a high timeframe, particularly the 12 hour with a rejection around 1483-1485 and Stop Loss at 1495. Price is at a strong previous support and now may be looking for a retest around the previous pullback on the swing low.

MichaelDForex

Divergence has formed, NZDJPY has seen a previous upswing. - Bearish engulfing candle has formed and now waiting on retest on trend for a short entry at around 71.125.

MichaelDForex

GPBJPY Sell Limit block on the 2 hour. Price has broken trend Looking for retest SL above the highs TP levels at previous lows.

MichaelDForex

AUDUSD 4 hour - There are a few nice pullbacks in the area around where the order block was formed. The one highlighted shows an area not tested yet. There are also around 3 touches to the downtrend trend. AUDUSD may be close to making it's last move to the downside before we begin to see momentum slowing down.

MichaelDForex

Price currently touching the bottom of a declining channel. We could see BTCUSD move up to around $8000 but ultimately it appears $6000 may be our final support before we see price return to $10K and higher. Despite speculation that bitcoin is at a low or will move up. We have to be patient until momentum builds on the upside. Otherwise we are tossing our money...

MichaelDForex

Looking for a long entry on GBPNZD 4 hour. NZD pairs appear bearish but NZD is hanging, and GBPNZD is also in a choppy situation. This trade will be taken based on price momentum near entry with TP1 anticipated.

MichaelDForex

The bullish candle following the bearish candle in the block formation is a big shadow. This is on a higher time frame, so I'm looking for additional support but I see momentum slowing and I believe EURUSD is prepared to make it's next move up. - I also decided to change the color a bit to make it look cooler

MichaelDForex

Possible Short then Long on AUDCAD 4 hour. - More geared towards going long on AUDCAD but the sell block may be hit which could bring us to our long entry. The short would have a TP at its previous low and long would have it's TP at its previous high then at equal highs for TP2.

MichaelDForex

Taking this down to the 1.89200 level, we could see this push down further to 1.88500.

MichaelDForex

GBPJPY 1 hour - Divergence is spotted on the 1 hour - 1 hour sell block created after breaking equal highs - Looking to short to gap and then upon finding support a possibly long position to break equal highs.