Confluence: - Broken out of a area of support - Looking like the 50% is going to be tapped at around 1.52801 - Bearish market structure
AUDUSD: Long Term Buy Bias & Short term Sell Bias Confluence: - Inverse H&S pattern - Uptrending on Higher timeframes - Needs to retest area of support / neckline - 15Mins showing signs of a short term reversal back to neckline
Price has reached an area of resistance after breaking out of a rising wedge. We had an impulsive move away from this area and then we correctively consolidated, forming a double top. We then saw momentum to the upside, grabbing orders above the consolidation area, highlighting the manipulation and liquidity grab. We then rejected the 70.5% Fib retracement as the...
**EURNZD:** Buy Bias **Confluence:** - Sideways moving market ready to slingshot - Rejecting the 61.8% fib - Area of liquidity was formed below the range - 4hr wick to the downside
CADJPY: Buy Bias Confluence: - We are up trending on all timeframes - Broken above resistance and respecting uptrends - 38.2% Fib looks like its lining up nicely
**USDCHF:** Sell Bias :chart_with_downwards_trend: **Confluence:** - Elliott Wave Theory of (1,2,3,4,5) - Bearish Market Structure - Broken the uptrend
Confluence: - H&S Pattern Breaking neckline - Break out of triangle pattern as well - Weekly bullish engulfing candle
After a liquidity grab I'm looking for the long position on the retracement.
AUDCHF: Sell Bias :chart_with_downwards_trend: Confluence: - Break of uptrend & Retest - Double top formed at the resistance - Rejecting a physiological level 0f 0.69 (Cheeky)
EURGBP: Buy Bias :chart_with_downwards_trend: Confluence: - Inverse H&S, will need an impulsive move from here to confirm - Making a HL in the maker with the right shoulder - Will break a downtrend once the breach of trendline and neckline
NZDCAD: Sell Bias Update :chart_with_downwards_trend: Price seems like it's completed it's impulsive move to the downside and now it's time for us to await the correction back into our area of interest :metal_tone1:
NZDUSD: Sell Bias: chart_with_downwards_trend: Confluence: - H&S Pattern on the 4hr chart. Clean break off the neckline. - Double Top on the right shoulder - Daily bullish engulfing candle & weekly evening star to now catch this weeks wick to continue down.
GBPJPY: Sell Bias :chart_with_downwards_trend: Confluence: - Distribution phase in the market then a bearish impulsive move to the downside - Broken Uptrend - Broken a clean level of sensitivity and now awaiting pullback
**NZDCAD:** Sell Bias :chart_with_downwards_trend: **Confluence:** - Big fat bearish engulfing candle showing lots of sellers in the market - A nice impulsive move to the downside making a LL in the market - Double top and now waiting manipulation above the neckline