A weekly bearish OB has appeared after three confirmations from June, 18th to June, 29th. I'm expecting price to rise a 20 pips higher than the current price to expect a complete pull back entry. The H4 OB was created upon the double bottom on June, 22nd, as this also occurred again on July, 1st via the strong rally.
From my analysis, I noticed a strong bullish demand zone before the long rally before pulling back. IMO, this signified a strong buy zone. Then, there is a minor resistance price level, which might indicate a small shorting of this pair, retracing to the bullish OB. This will likely cause a surge by rising to the daily OB and rejecting or breaking the zone due to...
Monthly/Weekly Bearish OB has come across the current price of $9109. Despite long calls, there is heavy supply at this current price level, which may cause the price to pull into a downtrend until it reaches the Weekly Bullish OB, which was confirmed on the 7th of June '19.
Hourly Bearish OB has confirmed a pullback on the H1 timeframe. The H4 Bullish OB will drive the price upwards after the downtrend has occurred.
The Daily/Hourly Bearish OB is still a valid OB from June 24th's move. The H4 Support will cause a rebound after a rejection of this current hourly candle. The Hourly Bullish OB may not be reached, due to the H4 support retracing the price to the current price.
The 3 labeled zones resemble the primary focuses for this setup. The current price has pull-backed downwards, which has also confirmed the Daily Bearish OB. The H4 Support level will retrace the price back to the Sunday (day of posting) price, reminiscing the past market structure from June 19th to June 24th. Once the price has reached the hourly low, the Monthly...
Weekly resistance and weekly support has put this pair in a clean ranged market for years. Therefore, 3 resistance confirmations might have its 4th confirmation for a potential turn to a downtrend. The zone located in the middle is the daily order block, which will likely assist the price to inflate after the rejection via the weekly resistance. There will be a...
The uppermost resistance indicates the hourly resistance, and the lowermost support shows the H4 support zone. The 2 inner zones indicate the smaller price action movements that represent the retests. Therefore, I'm expecting price to reject and rally via the inner support level. Next, the price will pullback and break the support downwards to the H4 support zone.
Hourly resistance is following the rectangular consolidation, thus causing price to mimic the past week's candles. H4 support zone is shown, as this will assist the price by retracing back to the consolidating price.
The daily resistance is provided here, as it is currently in effect via the current downtrend momentum. Hourly support is likely to cause a minor uptrend after the pullback occurs. Monthly support is then provided below the hourly support. This will most likely shift the trend at that time into an uptrend.
The H4 resistance zone will likely continue to reject the current price to the first support, or the hourly support zone. The price will rebound after the rejection and pullback downwards toward the monthly support. The weekly support is also marked to indicate where the price will result after the downtrend.
First support zone resembles the weekly demand, and the zone below is the monthly demand. The resistance presented is the daily supply. I'm expecting a 50 pip rejection, followed by a countered 50 pip rebound. This will force a rejection to the monthly demand, which will rally the price.
On EURGBP, the price has been contesting at the hourly support and resistance rectangular consolidation. It seems as if the candle may turn bearish and follow with resistance. After sellers enter and exit, the support will likely cause buyers to buy and rally the price to the Bearish OB, then rejected downwards to the second support zone. After a rebound, the...
There is a bullish order block at the 1.60519 level. I'm expecting current price to consolidate in the channel, then break the first resistance, followed by a rejection and rebound via the bullish ob.
On AUDCHF H4, daily resistance levels from January 10th to February 19th signify strong resistance towards the current retraced H&S formation. After rejecting to the H4 range support, the first resistance zone will be met, which will presumably pull down the pair, accordingly to June 10th. Following the pullback, we're anticipating minor retest on the 0.63764 and...
Current state of BTCUSD Daily is a consolidation range. There is potential rejection following the current S&R established at the peaks and lows. After the rejection, we're expecting a rally to the daily resistance, which will lead to a strong turnover to a downtrend. Following this, rebounds will occur, as the weekly support will result in minor consolidation ranges.
Head and shoulders rising formation. Strong Daily resistance at zones 1.14078 to 1.13204. Strong support at zones 1.07628 to 1.08409. High probability the formation will continue. Expecting a turnover to a downtrend.
Double top formation at the current H4 peak forms strong resistance. There is potentially a small rally followed by a rejection and break of the weaker support zone, followed by breaking the 3 probable support zones.