Gbpusd; I expect another test to the 1.42 area, before maybe any move back downward. And considering that the demand has been in power for a year now, some absorption of it and a distribution formation will likely happen before it would do so. Which tell me even more gonna go back up touch at least 1.42 again. which is still a 400 pips opportunity. Feeling secure...
Expecting a retracement to 91.00 before any more move upward. Especially that it rejected the 92.00 for the last 4 days. what yall think fellow traders buds
- Demand has been in power since price stopped it'd move downside in March 2020 and showed a strong absorption of supply at the 60.0 area. For after having price making a HH upside 70.0 and close with a right shoulder at the support level on absorption of supply. That is after followed by a bullish engulfing making another HH on heavy demand. Demand volume has...
Monthly -Mars 2020: went all the way down to 0.55 zone where an absorption of supply happened follow by a stop in action and a change of character, as we see price going upward the 0.65 are and closing up upside it on absorption of supply. For after having an engulfing bullish candle going closed upside the 0.71 on heavy demand. For after having a test upside the...
Monthly; has been in oower since aug 2019 and have make an HH upside the HH 1.28 zone where an absorption of supply happened. Weekly Showed absorption of supply at the touch of 1.38 . Since demand has been in power for a while now, since March 2020. Expect another test upward to 1.42 zone.
stop in action happened at 1.18 followed by a presence of demand interest, if the 1.19 hold, I expect to see are retracement up tp 1.20
As long as it holds the 92.00 I see it going to 93.500 zone
absorption of supply and demand in power Last idea about usdcad explain it all
gonna re-make analysis and share my view since I said I would do it and it will touch 52k.
Possibilities -Break under 45k zone on a SOW; next zone 40k - Holding 45-46k area support; another attempt for price to go upward anticipated ( especially if break upside 52k and hold) - Break upside 58-60k zone on strong demand and absorption of supply at the retest of the zone = Next target -> 70k and higher if. Demand has been in power for months now Expect...
Price has held 1.25 since January and showed absorption of supply and demand presence, telling us that big interest are not interested in selling right now at all, and has not been since January. so it's either it goes under 1.25 on SOW and I start looking for a sell entry, or it break upside 1.27 on a SOS ( can't disrespect the market saying it's sure, but if...
absorption of demand and heavy supply on move downs
Showed absorption of supply at 1.25 & failed to break the level, then made a HH on retracement of it
( danger point; change bias if ;break upside 0.75 especially if on SOS) Monthly; Absorpton of heavy demand at 0.75 zone for the last 3 months sooooo, big interest ain’t giving a f*ck about going upward for now. Could see more testing up at the 0.73 & absorption of demand or heavy supply showing up, and look for an entry But what would really look crunchy would be...