I see quick price consolidation followed by strong buying activity at 7500 level, now pullback to the last checkpoint of fair price. Also in traditional PA analysis this case could be interpreted as a retest of broken daily trendline as a psychological comfirmation :)
Price currently in a zone of strong past sellers activity showing footprint of supply imbalance. At same time we approached and tested old broken daily trend line.
ENTRY: Market
SL: 13.6000
Swiss Franc currently in a clear down trend from daily/weekly perspective... 1.0500 proved to be key price level where institutional buyers/sellers were strong. Last time the level was tested, the price drops down significantly and I'm expecting another test of this price level. If price would reach this area again, it will probably be also 2nd touch of daily...
OJ in a strong downtrend from weekly perspective, currently approaching unbroken bearish trend line. On daily chart structure its easy to spot last dominant sellers activity. Now price is heading back to 150 supply area where I expect the gap to be filled and price bouncing to 135 and lower.
Entry : 149
SL : 153
PT : 135
RRR: 1:4
Marked blue area proved to be a important zone where price reactions were pretty strong in the past. Last few days market is creating higher lows. The green circle I marked is showing accumulation phase followed by strong momentum breakout from 170 zone, showing high buying interest. Currently there is a price pullback back to 107 to the origin of the last...
EURUSD currently in consolidation phase, however offering a good short position setup. From weekly perspective its clear that price is struggling to go higher as it hits the strong supply zone where sellers were extremely strong at the end of 2014. Another important factor is that we are approached the strong monthly trend line which is unbroken since 2008. From...
Gold forming ascending triangle pattern from weekly and also monthly perspective. Market is creating higher lows and currently being in a choppy consolidation. However 1300 proved to be strong support zone where buyers were really strong last time the zone was tested. If 1300 demand zone will hold and monthly triangle would get completed and price break above...
