weekly bias is bullish. h4 and daily is bullish.. wait OSOK model
price are in consolidation ..but price break pervious high so waiting for spring.. [ b]if you like the idea please like and follow
top down analysis. Price break the low , so waiting for retracement ..may price test 1.70750 price level.. for entry go to Lower timeframe
top down analysis ,, for entry go to h1 or m15 in new York session..
price in re accumulation .. may price go down and kiss fair value gap and go higher. For entry go to lower timeframe .
HIGHER TIMEFRAME BIAS PRICE ACTION REJECTION ON 4H/8H OF THE SUPPORT LEVEL. PRICE MADE A NEW HIGH OVER THE PREVIOUS LOW. COMMENT WHAT YOU THINK :)
Daily Time Frame: Starting on the higher time frames we can see that price is testing .96000 key psychological support for the second time, creating a double bottom formation. Now that price is testing this area we have to wait for a break or bounce situation in confluence with reversal signals. 4Hr Time Frame: Scaling down we can gain a more refined perspective...
4Hr Time Frame: Price is back at strong areas of resistance. By reading price action we can see that price tested this area in the past, showed signs of rejection and had a reaction to the downside. Reading structure price looks as if its ranging in between our support and resistance zones above (gray boxes). If price manages to hold below this strong area of...
USDCAD: broke below 1.39750 key psychological and snapped back above support (fake out). Price managed to close off a strong daily candlestick which engulfed six days of daily price action (notice the size of the daily engulfing). Scaling down to the 4hr time frame we can see price ranging between 1.39500-1.45000. Also notice how price broke above this down...
Daily Time Frame: We can see price creating a double bottom formation at 107.000 key psychological support. Also notice on the second bounce how price created a morning star reversal formation. Scaling down to the 4hr time frame, we can see that this market has been ranging between 107.000-109.000 key psychological. If price comes down one more time to 107.000...
Daily on the left and 8hr on the right. EURGBP setting itself up, should be interesting to see how this plays out. Price broke above and is now testing a strong area of support/resistance. On the daily we can see how we managed to close off a double bottom formation with 2 pinbar rejection candles, showing signs of potential reversal to the upside. By scaling down...
Daily on the left creating a series of higher highs and higher lows. Price also crossed above our 21 ma and is looking bullish by the daily closures. Also notice how price managed to break out of consolidation 67.500. If price comes back to retest this area as new support look to buy to 70.000-500 key psychological. If price violates this 67.500 zone, we can...
USDCAD: Another juicy pair setting itself up for the week. Breaking it down we can see how the daily is creating a double bottom formation at 1.39500 key psychological support. Reading the candlesticks notice how we start to slow down as we approach this area. Though we do not have any indication to get in just yet, we might have to hold off for more daily...
BTCUSD: Testing strong areas of resistance, once tested as previous support. By reading the weekly candles, we can see how confident bears are looking compared to bulls. Reading the current weekly candle (higher the time frame, the higher the probability price will play in your favor.) notice how strong the rejection is (size of wick) if price stays below 7100.00...
We saw a huge push up in stocks and indices on Friday after Trump gave a speech. This would have caught people who were selling at lows out, however this was the corrective move that was in indices in order to collect more orders for the final push down on US30. I see price moving into the 24500(61.8% fib, structural resistance as well as the weekly TL retest)...