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GBPJPY Daily S/R| .382 Fibonacci| Price Action| Local S/R Evening Traders, Today’s analysis – GBPJPY- trading below Daily S/R where a rejection is probable, Points to consider, - Price action impulsive - Daily S/R Resistance - Local S/R Support (.382 Fibonacci Confluence) - Oscillators Neutral GBPUSD’s immediate price action is trading below Daily S/R allowing for a bearish bias. The current support is in confluence with the .382 Fibonacci, price is likely to respect this level. Both oscillators are trading neutral; a reversion to their mean is highly probable. Overall, in my opinion, GBPJPY is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.” ― Yvan Byeajee
Short
by AzizKhanZamani
2
GBPNZD Local S/R| Swing High| .382 Fibonacci| Price ActionEvening Traders, Today’s analysis – GBPNZD- trading above Local S/R, acceptance here is indicative of strength, Points to consider, - Price Action Impulsive - Local S/R Support (.382 Fibonacci Confluence) - Daily S/R Target - RSI Bullish Control Zone GBPNZD’s immediate price action is impulsive above Local S/R which is in technical confluence with the .382 Fibonacci; price action is likely to have a bullish reaction here. Daily S/R is current resistance that has a highly probability of being tested once swing high objective is taken out. The RSI is trading in its respective bullish control zone, holding these regions are indicative of strength in the market. Overall, in my opinion, GBPNZD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by AzizKhanZamani
2
GBPJPY Local S/R| .618 Fibonacci| Swing High| Low volume|PA Evening Traders, Today’s analysis – GBPJPY- trading under Local S/R with bearish price action, further downside probable, Points to consider, - Price action impulse - Local S/R Resistance - .618 Fibonacci & 200 EMA confluence - Low volume GBPJPY’s immediate price action is trading under Local S/R, therefore any rallies are considered bearish retests. Local S/R Resistance is in confluence with the .618 Fibonacci and 200 EMA, adding probability to a bearish retest. Lower Local S/R is projected target, price breaking below will increase the probability of establishing a lower low. The volume climax is currently below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, GBPJPY is a valid short with defined risk, price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Short
by AzizKhanZamani
1
AUDUSD Impulse Sell| Oversold Bounce| Daily S/R| Bearish PA Evening Traders, Today’s analysis – AUDUSD – impulse sell from swing high, further downside probable, Points to consider, - Trend bearish - Daily S/R Support - Local S/R Resistance - Oscillators approaching oversold - Volume below average The immediate trend for AUDUSD is bearish due to impulse sells. This allows us to have a bearish bias on the market. The Daily S/R is currently holding as support, price is likely to respect this level on the initial test. Local S/R is the immediate resistance, respecting this level will establish a bearish retest. Both oscillators are approaching oversold conditions, this is indicative of a short term bounce, relief rally before continuation. The volume is currently below average, an influx is likely with accelerated selling. Overall, in my opinion, AUDUSD is a valid short with defined risk. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.” ― Jaymin Shah
Short
by AzizKhanZamani
CADJPY Daily S/R|Hidden Bullish Divergence|200DMA|.50 Fibonacci Evening Traders, Today’s analysis – CADJPY- approaching Daily S/R with a hidden bullish divergence, deviation probable, Points to consider, - Trend Range Trading - Daily S/R (Support) - .50 Fibonacci ( 200 MA Confluence) - Oscillators Hidden Divergence - Low Volume CADJPY’s immediate trend is ranging between Daily S/R levels. The current Daily S/R is immediate support, high probability of being respected on first test. Immediate resistance is the .50 Fibonacci in confluence with the 200 MA, a lower high is likely to be set here. Both oscillators have a valid hidden bullish divergence which indicates strength and reversals in the immediate term. The volume profile is currently below average, an impulse is probable when key technical levels get tested. Overall, in my opinion, CADJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Long
by AzizKhanZamani
4
AUDJPY Range High| .50 Fibonacci| Range Deviation| Bearish PAEvening Traders, Second analysis – AUDJPY- price putting in a range deviation, any rallies are to be faded. Points to consider, - Trend bearish PA - Range High Resistance - Range Low Support - Oscillators Extended - Low Volume AUDJPY’s immediate price action is bearish by establishing a range deviation; this allows us to have a bearish bias on the market. The Range high is current resistance; a respect of the level will establish a bearish retest. Range low is the immediate support; price is likely to respect this area due technical confluence with the 200 EMA. Both oscillators are approaching oversold conditions, indicative of a short term oversold bounce. The current volume nodes are below average, an influx is highly probable when testing key trade locations. Overall, in my opinion, AUDJPY is a valid short with defined risk. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Only The Game , Can Teach You The Game” – Jesse Livermore
Short
by AzizKhanZamani