OceanMan1000

OceanMan1000

From the 12th of October, 2021, price of GBPCAD have been moving in a Four Hour Downtrend range, price currently at the bottom of the range,, should price break the range? I expect a buy from 0.692, straight to the Supply zone.

OceanMan1000

Since Last Week price have touched the minor support. With the combination of CAD strength and GBP weakness, will the Pair push up or down? Entering at a safe spot using then support line as stop loss might be safe, but it pays to make further analysis on the lower time frame.

OceanMan1000

NZDCAD is currently at breaker block which was once a Bear Flag. This a short setup with low risk.

OceanMan1000

The Pair have been on a downtrend for weeks. Last Week's low was the top of the recent weekly downtrend. Price is heading to a Weekly Head and Shoulders, this will give an opportunity for a Swing short.

OceanMan1000

New Zealand Dollar / Canadian Dollar have been moving from trends to trends, support to resistance and supply and demand zones. Broke out of the Monthly downtrend since November, 2020 and ever since turned the resistance to support.

OceanMan1000

GBPNZD after breaking the daily uptrend have touched a minor support today. Having a bigger view of the Pair, will GBPNZD respect the support below?

OceanMan1000

Price of GBPNZD is clearly in an Uptrend. GBPNZD have a nice market structure and price pattern, although some brokers charges high spread due to it been classified as a minor pair, it respects key levels than some major pairs. Price is close to a demand zone above the bottom of the trend, watching for a long opportunity.

OceanMan1000

The pair is a volatile pair as it can move 100 pip daily without any high impact Economic event. Since 2003, the pair have been on a major downtrend or something that look like a falling wedge. The pair have been moving in an uptrend since 2016 and currently it is close to the bottom of the trend. Will it buy?

OceanMan1000

AUDUSD have been moving from trends to trends from the Monthly time frame to even the 1 hour time frame and now it is at the bottom of the 4 hour uptrend. Just for scalping, advantage can be taken for AUDUSD.

OceanMan1000

AUDUSD maintaining trends on the Weekly time frame such as the monthly time frame. Hopefully AUDUSD reacts to the Weekly Bear flag (closest rectangle).

OceanMan1000

The volatility of the AUDUSD pair have reduced since 2015, unlike the previous years where the pair moved from levels to levels in large volumes, making big expansions breaking out of range. The Pair have an interesting price pattern, moving from trends to trends for many months now, even from 2015, it moved from trends to trends with reduced volatility, till date.

OceanMan1000

The bottom of the downtrend is possible if price touched the daily Demand zone (from 0.8400) and reacts to it. If the Bulls comes in, i doubt the top of the trend might be able to push price downwards or cause a reversal, well, using the Macro perspective (monthly and weekly time frame), EURGBP have potential to go short. EURGBP is close to the all time support...

OceanMan1000

EURGBP on the weekly time frame like the Monthly time is at the middle of the demand zone, could this be a confluence or price will go deeper to the weekly support? A daily downtrend may be formed looking at the tops of the most previous weekly candles.

OceanMan1000

Euro / Great Britain Pound-sterling is at the Equilibrium of the Monthly Demand Zone, let us if price will respect the zone and go long. This pair is at the minor monthly support zone, does it mean EUR Bulls will overpower GBP for this month or GBP bulls still have price in control? Well, I chose a long bias due to the monthly support zone. NB: at every traders...

OceanMan1000

EURUSD have been a sweet pair to trade using any time frame, it is said that EURUSD is the easiest instrument to trade in Forex and thus; it is the most favorable and traded pair for beginners and many traders. The highlighted spot with the info line at 1.1714 is a high probable zone where price is likely to reverse by atleast 100 pip straight to the daily...

OceanMan1000

EURUSD have been weak yet stable than many other Major Currency pair against the US Dollar! EURUSD was very close to a flip zone(resistance turns support), which might have been the new weekly support. I might consider the pair Bullish, but it didnt tap the strong demand zone and so I will keep EURUSD in my watch list and update this idea from time to time.

OceanMan1000

EURUSD for over a decade (since 2007) now have been in a downtrend, but on July 2020, EURUSD broke out of the Trend to mitigate with a Supply zone. Price is heading right into the monthly down trend. It will go in or the trend resistance turns to support?

OceanMan1000

A Major Daily Support has been formed. The Daily down trend is now visible and price is heading to the top of the trend? I chose a Long bias because a new Support was formed below on the Weekly and Daily Time frame. Let's se what happens at the top of the trend, dear Traders.