SwingingPrime

SwingingPrime Updated 

Price has been in a correction on the H4 timeframe since last Friday. Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction. I would be watching to sell with...

SwingingPrime Updated 

I would be watching for price taking out liquidity before more bullish momentum. The setup is valid as long as price accumulates before breaking the recent high. *If price doesn't accumulate and breaks the recent high, I would be looking for distribution at the next significant zone.

SwingingPrime

H4 has shown significant bullishness with Monday establishing a low, and subsequent break of structure. I was prepared for a pullback to continue higher, however, price remains bullish with London open. I am currently on the watch for accumulation at the demand zone to buy. Target is at the next liquidity pool.

SwingingPrime Updated 

Price has been on a bearish trend for a while now. Price action has unfolded unique structures along the way confirming the wave correction. In continuation of my previous sell analyses and setups, I am currently selling to 1.165. I would be looking for additional opportunities to sell in Monday and Tuesday sessions. This move should conclude the month long...

SwingingPrime Updated 

EURUSD has been in a correction from a weekly and daily bullish momentum. Tuesday, last week saw the break of structure lower and a strong pullback on Thursday and Friday to take out liquidity. I would be looking for opportunities to sell to the support at 1.0381 for the final phase of this correction. ** As always, trade cautiously.

SwingingPrime Updated 

Price has been in a correction on the Weekly and Daily Timeframes, with multiple break of structure to signify a bearish momentum. Price has currently consolidated and is distributing at the dynamic support turned resistance. I would be looking to sell GBPJPY for about 960pips to 153.99. **As always, trade cautiously.

SwingingPrime Updated 

XAUUSD had been on a bullish trajectory for a while on the weekly timescale. It is currently now in a retracement. Using Elliot's wave correction as a template, we can anticipate the nature of the pullbacks, and where we might profit. My current target is discount at 1920 about 930pips. If we break the recent low, I would be looking for a 1h demand zone...

SwingingPrime Updated 

Price formed a double bottom at demand on the H4, and has since seen a bullish momentum, breaking key highs to form a double top for the next bearish momentum. Price is still bearish on the higher timeframes. Using Elliot, we can approximate what stage of the correction that is unfolding. I would be watching for price to begin the bearish momentum at current price...

SwingingPrime Updated 

I would like to take advantage of the midterm bullish momentum for 150pips. My main target is at the 161.8% expansion at 1.0782. *As always, trade cautiously.

SwingingPrime Updated 

GBPUSD is in its final phase of the Uptrend correction, and so still long term bearish on weekly scale. I would be expecting a pullback to 1.196 before some bullish momentum to grab supply at 1.22. We might not see large bearish momentum this week, however, there are still opportunities to trade price action. The target for the sell setup is almost 545pips at 1.165.

SwingingPrime Updated 

Very nice, Price gave a different form of bearish pattern. At this point, everyone can clearly see this is a reversal pattern: Head and shoulder. Price will make a pullback to go lower, so no, we haven't missed the sell opportunity for the end of the week. The 2 scenarios are possible, but with H&S pattern, it is more likely for price to retest the neckline and...

SwingingPrime Updated 

Price is currently on a bullish expansion, and has formed a trend. I would be anticipating a possible pullback to 1.223 before another bullish run to 1.249. The key for entry for the sell would be a 15mins BOS lower. *As always, trade cautiously.

SwingingPrime Updated 

Price was initially in a holding pattern showing distribution. However, on Tuesday, 24th Jan, price failed to break the low of the structure and we have been observing HHs. I have identified a possible bullish trend, and likely expansion to the next levels at 161.8% (1.10030). I would be interested in a position to buy with a 15mins BOS. *As always, trade cautiously.

SwingingPrime Updated 

Price has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782. I would be watching for breaks in structure now as the signal to sell to 1.0603. *As always, trade cautiously.

SwingingPrime Updated 

Following Price action, GBPUSD did not fall as far as estimated for December 2022. However, this is still a Seller's market. Using Technical Analysis, I am anticipating at least a 200pip drop to 1.1881 before price retest supply zones at 1.229. It is important to wait for price to take out liquidity at 1.21076 before we see the drop. **Please remember, this is a...

SwingingPrime Updated 

Price found support 1.1923, and we have been having multiple 1h breaks in structure. However, Wednesday LDN and NY session showed price consolidating at the break of a major structure. I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday. Always, trade cautiously.

SwingingPrime Updated 

The long anticipated bearish retracement came through. Price met my bearish target from previous analysis (see referenced ideas) at 1.1881 and broke structure on the H4. For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298. My idea for potential price behaviour using the...

SwingingPrime Updated 

With Price breaking the low of 1.20176, Price action changed and has clarified the trend developing. Price rejected a major resistance zone at 1.2105 forming a 3rd wave of the trend. Therefore, my current bias is bearish, and I would be looking to sell into LDN session to the 161.8% expansion (1.1858). Currently, we have what looks like a lower asian high,...