GBPJPY has continued to show signs of bearish momentum, however we need a break below the previous low to really hold this trade for the long term. Price is in a clear channel and should continue to move as marked. Light risk has been applied for now.
Price is in a very important zone and has rejected this area several times. I see price buying to the upside with target area at 0.68500.
USDCAD SHORT REASONS: - Price is in an up-trending structure but needs to retest - Price broke out of a falling wedge formation
SPX500 - Short Reasons for Trade: -Rising Wedge Formation - Reversal Pattern -Price rejected a trendline -Daily TF- Bearish Engulfing Candle -Daily TF - Divergence -M Formation +5 Confirmations
EURUSD is presenting us with a possible sell limit idea. SELL LIMIT @1.22172 SL: 1.22454 TP: 1.21062
In this weekly view, we can see that price formed equal lows and now it should be targeting the equal highs near the FVG.
Last week, we saw SPX make a small rally between the supply and demand zones posted in my analysis. This upcoming week, I'm expecting for price to rally to the upside after reaching the demand zone since in the past, we see banks have accumulated orders there. I will be waiting for rejection at the demand zone before entering.
As we can see on the chart, there is an accumulation of bank orders present. I'm waiting for price to get in the range of those orders, before a continuation to the upside for the buy.
Last week, we saw AUDCAD's price playing in between the current supply and demand zone marked on my chart. We can see that there was an accumulation of orders that must ultimately be targeted. My bias is short when price reaches the supply zone.
Price closed below the 1900 level, so I am expecting for price to continue moving to the downside, specifically the 1800 level. Gold could potentially have some unexpected movements due to the upcoming U.S. presidential election, however pure price action is not showing anything that could indicate a buy. Price has also shown us a clear bearish flag pattern on a...
Price has respected a weekly zone and has broken below. I'm expecting for price to continue to the downside, even with the upcoming U.S. presidential election on November 3rd. U.K. has also gone back on lockdown which furthers their economic status moving to the downside which we can clearly see on the charts.
After looking at the 4 HR chart, we can see that price broke its previous bullish trend and consolidated momentarily before showing us some selling pressure. I believe that price will move to the downside before buying.
Price has respected a clear uptrend on the daily time frame. We can also see that price needs to make a significant move to clear the 100 Moving Average and show clear price action to determine the best move. Because we need more confluence, I will look for price to break above my fibonacci retracement zone in order to enter a buy.
Current price is presenting a clear uptrend. I plan to trade the trend until I witness any changes in price action towards nearest resistance zone.