In this video, as I usually do, I did a full multi-timeframe analysis on eurusd. I talked about the levels of structures I was looking out for and how I expected the price to react to these levels. I also talked about what I'll do if the price behaves in certain ways.
Now, it's obvious that the ascending channel resistance I talked about on the 4h timeframe this morning seems to be holding. You can see how the price is rejecting the resistance and has closed lower than the 1.09500 level. Also, a counter trendline I drew has been broken to the downside which acts as added confluence for a possible continuation downwards. This...
**Title** - GBPUSD Morning trade! Short Market correction **Symbol and Timeframe**- 15 min to 1 hr **Overview**- The market will be red today, Yesterday market fulfilled the orders for 30th May, which is FFLC. the market is in the golden fib zone which means retracement or downtrend is a must, market movement is slow, so it will be a wise decision to...
As the price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here.The price is now making LH and LL .
The market is heading for the bullish continuation. Bullish rectangle is formed with no divergence confirming the uptrend.
The market has taken a pause and is ready for the bearish continuation. Bearish flag is formed with no divergence confirming the trend continuation.
Please comment and let me know thought's, hoping to get a nice entry from this order block! USDCAD SHORT