Price arrived already at 92.84. We may refer for price action on support level at 92.84. However, if the price may bear, 92.71 and 92.62 is my biggest interest as both are quite significant support level for the index. I already done scalping GOLD, and may find sell chances if the price action allow the direction.
Price currently breaking 93.00. Based on price action on M15 timeframe, price may either retest the 93.00 or keep the bearish until 92.84. If the bearish not succeed, we ma put attention on 93.08 level, as if the price break the level, it may easily succeed in bullish to the 93.32 until 93.46. However, taking the fundamental factor, US keep banning the china...
AUDCAD price keep making supply zone and higher low. Price almost hitting the demand zone. We may see bull after the candle hit the demand zone. However, if the candle close below the demand zone, the setup may not valid. We may put buy limit on the buy zone and put stoploss slightly below the zone. If the price does bull after hit the demand zone, we may see the...
We may see downtrend. AUD JPY keep making HL in this week. Price being rejected after testing h1 supply zone. In m15, we see the price creating smaller demand zone. We may see if the price reject the zone or break the zone. If it breaks, we may see bearish downtrend after it hit the purple zone which i already make for pending orders for sell limit. If the price...
We try using elliot wave theory. Small retracement suspected to the red box zone. If entry sell, we may put pending order on red horizontal line. Put sl on the dotted line, slightly above supply zone. If the analysis good enough, we may see bearish trend until the demand zone on h4(blue box). We will update the ideas.
SL AND TP PROVIDED. SELL AT YOUR OWN RISK. USD NEWS SENTIMEN SHOWING USD STRONG. IF WE SEE US DOLLAR INDEX, IT DOES GAIN SUPPORT AND ON BULLISH TREND AFTER HITTING THE DEMAND ZONE LAST TIME. WE WILL UPDATE US DOLLAR INDEX ANALYSIS.
We see three line strike forming on h4. 2 possibilities for the uj pair. However, we still waiting for confirmation. Either go sell on the spot or wait for retrace.
NEXT WEEK USDJPY BUY SL - 106.900-107.000 tp1 - 107.915 tp2 - 108.430 tp3 - 109.440
For 15min tf, we see many bearish signal from candlestick. 2 evening star (i only highlight 1 on chart). However, we see too bull signal which is hammer candle following reverse confirmation candle(bull candle). But after that we see spinning top candle , signalling indecision for price. Then it go bearish. After that we see another doji followed by bull candle....
Update for AUDCAD Pair. This can be really interesting watchlist. We may see bearish trend. However, it friday already here! Enjoy your weekend traders !
Possible retrace on demand zone(blue zone). either way it will bear.
THIS IS GREAT OPPOTURNITY FOR SELL. THE PRICE CURRENTLY HITTING H4 SUPPLY AND MAY CONTINUE BEAR UNTIL IT MEET H4 DEMAND. PUT SL SLIGHTLY ABOVE SHADOW OF SUPPLY H4 AND TP ON DEMAND ZONE OF H4.
Currently, on m15 timeframe it does close the candle below the H1 DEMAND ZONE. We may see bearish trend until it get support from H4 DEMAND ZONE(next one). Either way, it will retrace until H4 SWAP ZONE and go bear.
On h1 tf, we see a fakeout on previous candlestick. We may want to focus on sell position. However, the candle develop a morning star pattern that we can see on h1 tf. This may confirm a fakeout and the candle continue to bull.
AUDNZD. We may focus on sell because if we see from D1, the pair just completed their elliot wave and on the corrective phase. Price maybe will break the minor h4 demand zone and continue to meet the next demand zone for support. However, if that doesnt happen, we may see impulsive move until it meet the h4 supply zone and start the bearish movement from that...
We can put pending orders on m15 supply zone for sell position. I currently on sell orders and waiting for price to return to H4 Older Demand Zone.
Price currently hitting H1 Demand Zone. We may see retracement after long bearish candle. Price may return bullish after the price bounce back from M15 DEMAND ZONE. However, one more possibility is price keep bearish until they meet stronger demand zone which is H1 Demand Zone. Then, if the price making bullish movement, we may set the tp on Swap Zone or the H1...
I am trying combination of candle pattern and supply and demand strategies. We see evening star on m15 tf and finding sell zone there. But, price continue bull. We may see the bearish trend will start after hitting the H1 supply zone.