CONFIRMATIONS:
1. Daily bearish channel.
2. 4h timeframe support breakout.
3. Day has just opened below daily pivot.
4. Divergence started a new downtrend.
Any comments are welcome!
CONFIRMATIONS:
1. Day has just opened above daily pivot.
2. Important resistance breakout.
3. Bullish uptrend continuation.
4. On daily timeframe, it previously did a bullish retracement, now it could do the impulse.
5. Bullish Divergence termination. Now shows important uptrend formation.
Any comments are welcome.
SIGNAL CONFIRMATION:
1. Price rejected R1 Pivot Level (PINBAR: indicates the start of a downtrend).
2. MACD shows DIVERGENCE between price action and volume.
3. OVERBOUGHT Zone.
4. Every IMPULSE to one side is followed by an opposite impulse.
GBPJPY opened a new downtrend (A/D line above 200 EMA is a signal of trend change). Day has just opened below daily pivot point, waiting for pivot point retest to open short position. TP on S1 basis.
Any questions or comments are welcome.
USDCHF has broken up a downtrend and it is making higher highs. Day has just opened above daily pivot (BUY signal). Due to price made a big impulse, we are waiting for the price retest near the daily pivot to enter LONG the market.
GBPNZD started a new uptrend (look at the A/D line + 200 EMA). Day has just opened below daily pivot, and it showed downtrend rejection. Expected PROFIT at R1.
EURNZD it's on an Overbought zone, and it broke the BULLISH IMPULSE it did. The Overbought zone it's marked over April 2020 (See April Overbought zone, the price arrived again).
The new day has just opened below the daily pivot point (clear SELL signal).
Any comments are welcome!!
GBPCHF it's on an Oversold zone , and it is on a perfect BUY position. Look at the red zones I marked. On the 2nd red zone (the most intense one), the price couldn't pass downside, leaving A LOT of wicks (demand signal). Take profit on 61.8% of a Fibonacci Retracement.
AUDNZD is on a potential Overbought zone , and it seems the uptrend it's about to finish: double top pattern showed. Divergence shows that price may collapse, and about the Pivot Point Formula, the day has just opened below the daily pivot. Potential coming SELL!
USDCHF can't cross the 38.2 Fibonacci Resistance (potential SELL Signal), and the price is likely to break the 0% Fibonacci Retracement, which is a clear signal of a trend continuation. Also, the day has opened below the Daily Pivot (another SELL signal).
Any Comments are welcome.
AUDCAD seems to continue the bearish channel that started a couple of days ago: it is about to complete a good Bearish Elliot Wave Pattern. Day has just opened below New Daily pivot Point (clear SELL signal).
Take Profits calculated via Genaral Pivot Point Formula (S1, S2, and S3).
Any comments are welcome.
EURUSD is finishing its BULLISH IMPULSE (Impulse Breakdown), and it's making a Bearish Shoulder-Head-Shoulder. Another Bear confirmation is that the day has just opened below new DAILY PIVOT POINT (a clear signal of SELL).
Take Profits set as S1, S2, and S3 of the general Pivot Point Formula.
AUDUSD has just broken up a bearish channel and tested on support. Now there is more demand than supply (You can check on all MA's indicators).
Day has just opened above the daily pivot point, which is a clear signal of a BUY.
Any comments are welcome.
USDCAD, finishing Bullish Elliot Wave Pattern. It tends to break down the support. Day has just opened below the daily pivot point. Price is trying to do a retracement, but it can't reach 38.2% of the Fibonacci Retracement (which is a STRONG DOWNTREND).
Take profit expected on S1, S2, and S3 of the general Pivot Point Formula.
Any comments are welcome.
