Sphinx_Trading

Sphinx_Trading

- Price reach a very strong supply zone at 1.6000. - A very clear divergence formed on the last 2 highs - Big liquidity to consider formed at 1.5200 - 1.53000. - Small imbalance from 1.5000 demand zone. - if price broke 1.57800 we might have a big bearish trend to 1.5000 demand zone.

Sphinx_Trading Updated 

- Price respected 1.0600 supply zone forming triple equal highs. - As you see on the charts after push up from 1.0000 demand zone price started to form an ascending channel. - Note that with CPI news price may broke the last equal highs (liquidity grab). *Pivot: 1.05000

Sphinx_Trading

- Price respected supply zone at 1810.0 forming a clear divergence. - We can observe strong bearish move from the supply zone. - After reaching nearly 1770.0 price formed a new low and started to rise in a correction movement. - If price broke 1780.0 it will be a good confirmation to short it to the next demand zone at 1710.0.

Sphinx_Trading

- Extreme order flow on GBP/JPY, as you can see on the chart price dropped to 163.0 demand zone grabing liquidity that formed at 165.0. - Price respected 163.0 demand zone and start rising forming equal highs at 169.0. - Again we have a big bearish move to the next demand zone at 164.0 forming a higher high. - Another equal lows formed at 167.500, so price may...

Sphinx_Trading

- Price started to rise from 1733.0 zone after breaking the last structure swing low at 1744.0. - Also we have a change of character after price broke the last high at 1747.00. - This type of price action is tricky because the last change of character may be some inducment or liquidity grab. - Price formed a new higher low with big bullish engulfing candlestick...

Sphinx_Trading

- Price made a huge imbalance after rising with an impulsive strong movement from 1620.0 demand zone. - Also we can observe that price broke the last to highs at (1730.0 - 1760.0). - On a lower timeframe price started to make an ascending corrective channel. - We may have a strong bearish movement from 1800.0 to 1700.0 to catch +1000 pips.

Sphinx_Trading

- We can observe some interesting price action on this chart. - price rised from 163.0 demand zone and started making HHs. - Price started dropping with a strong impulsive movement after reaching 172.00> - We can see that price formed some equal low at 165.00, so we assume that this area has a huge liquidity. - As you see price did not retest on 163.00 forming...

Sphinx_Trading Updated 

- Price failed to break the last low at 1615.00. - We can observe an impulsive bullish movement from 1620.00 demand zone. - also price made a new higher high after breakiing the last highs also the corrective channel. - We expect the price to retest on 1640.000 demand zone and then we may have a strong bullish trend to 1700.00 supply zone.

Sphinx_Trading Updated 

- We can see price respected 1.000 supply zone and dropped 300 pips reahcing 0.96500 demand zone. - Price started consolidating after reaching the demand zone. - Normally after a respected supply in a major downtrend we analyse the market for short setups but this long analysis seems to be more logical with this market structure and candlestick psychology. *...

Sphinx_Trading Updated 

- We can see on the charts price rised with impulsive movement from 1620 demand zone and broke the last highs at 1690 (change of character). - Also we can observe imbalance after price rised aggressively from 1630 demand zone. - Price now at a major supply zone at 1730 so may have a big bearish movement to 1630 demand zone to fill the imbalance.

Sphinx_Trading

- We can see price respecting 105.0 supply zone also some liquidity grab pushed the market over the zone this causes a break of the last weekly high at DEC 2014. - A lower high started to form after price retested on the trendline. - If price broke the last low also trendline at 104.500 it will be a good confirmation.

Sphinx_Trading

- We can see on the charts price rised with impulsive movement after reaching 1.0400 demand zone. - Price started to make a consolidation then rised with a big bullish move (second impulse bullish move). - We can observe a break of structure after the second bullish movement. - Price may drop to 1.0800 demand zone to make a liquidity grab and then we may have a...

Sphinx_Trading

- As you see on the charts price started to drop from (1670 - 1675) supply zone to fill the imbalance. - Price rised aggressively from 1650.00 demand zone forming imbalance from 1650.00.

Sphinx_Trading

As you see on the charts price respected supply zone at 0.9800 after breaking the last structure (BOS) at 0.94500. - Price started to rise in a slow movement after reaching 0.9500 supply zone. - We can observe bearish pressure on the last 2 daily candles. - Pivot line at 0.95500 for a confirmation.

Sphinx_Trading

- As you see on the charts price broke the last highs at 21900 with a big impulsive movement. - Price started to drop heavily to 19k demand zone after cpi news in Thursday 15 SEP. - We also have a semi-good daily closure with a good wick. * If price broke pivot line at 20500 then it will be our confirmation.

Sphinx_Trading

- As you see on the charts price failed to make a new HH and start to drop with an impulsive movement from 145.00 supply zone. - Price started to make an ascending corrective channel after reaching 142.500. - If price broke 142.500 this may be a good sign for a big bearish movement.

Sphinx_Trading

- We can see clearly a bearish impulsive movement from 4200 supply zone. - Price started to consolidate 3900 (sign of Reversal). - Price Started to rise and broke last highs with a slow bullish movement. - We will wait for the price to reach 4200 then we may short it to 4000.

Sphinx_Trading

- We can observe that price failed to break 1725 supply zone and price dropped with a bearish impulsive movement. - Price started to retesting after reaching 1712 supply zone and formed a double top pattern. - Pivot line for selling (1712.500)