In late September we seen price 6.4% which took out the immediate lower high @1690.00. After seeing that I knew we were transitioning into a bullish market. I took a long position at 1630.500 and secured 2.74%. I'm currently swinging this position because price took out the lower high at 1645.700 that allowed me to profit 2.74%. Currently price has been retracing...
The Euro has been very this past week but a week ago the Yen had momentum and pushed price below the 127.800 area. I'm expecting price to mitigate an open order then sell off to the 127.5 area and below
I haven't provided any analysis in a while but after BTC made its crazy drop from 58k to 40-42k, the market left a huge area of exhaustion at the bottom. In the 43k area I noticed an open order that has not be mitigated yet. Bitcoin gave us some nice bullish momentum to end the previous week and to start off the week. But If you notice on the 4hr we have equal...
Noticed 4 retest of resistance zone on the Daily TF, looking for buy setup at the 50% of last bearish candle before bullish impulse. Overall plan on taking the buy to sell off the Weekly & Monthly TF
By analyzing the Weekly chart I noticed the bullish trend was coming a resistance level from 2018 My first entry was based upon the Order block candle from APR 9,2018. My second entry was based upon noticing the market retracing after an intial 100 pip drop from 1st entry targeting the 78 range on the fib
On the Daily TF you can see that the market retested previous support I noticed a stop hunt on the 1 hour TF which gave me a good indication of a possible reversal. Overall I see a sell on the higher TF
On the Daily TF I noticed a reversal pattern forming if Bullish structure was going to continue on the lower TF I found my entry on the 2 & 5 min TF after i noticed the sudden spike down, then bullish structure continued and broke the previous high. That indicated that was the STOP HUNT.
I noticed on Feb 04 @6:00 CST market shot up which created an area of imbalance I then scaled down to the 5 min. TF where I was able to find the actual area of imbalance Used my fib tool to, marked off the 50% level which is where my Targeted Entery is
Audusd currently in a bouy at my black horizontal rays I have a sell limit set
I noticed on the Daily TF Jan 20th's low was taken out. There was a bearish engulfing candle which drove price lower. I used my Fib tool and noticed an ICT candle in the 78-88% range. I'm expecting this to go down to the weekly Support & Resistance level.
Off the 50% of last up move before impulsive push down