Purepriceactionanalysis
AUDNZD - 5 MIN REACP Quasimodo level??Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower. Already took some profit at QM level - Stop to BE.
AUDNZD - Short - Interesting price action - Half a percent @riskDaily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down to and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs of going lower.
BITCOIN READY FROM $30,500Bitcoin is in a range ($36,500-- $30,500) from 18 June 2021. And recently break its latest swing at 32800. So, According to my analysis: - - - - -
" if the price will retrace from here & unable to go up, fall & break the $32800 level again then We can create a Short position with the target of $30,500 or 1:2 reward ratio."
REMEMBER: Always do your own analysis before entry & take only 2-3% of risk per trade.
BEST OF LUCK
HAPPY TRADING
Sell idea for GBPJPYThe pounds sold short term at the open of the Asian market through London session today. It was close to the New York open that we really started to rally higher from the day's low. Right around the 154.35 are two levels sitting on-top of each other where the chart shows that there is significant amount of selling than buying after trading sideways for a while and then strongly dropping away from the level. On the larger time frame, the 50 period moving average is slopping down indicating that we are still in a down trend (based on 4 hours). I expect price to rally into the price level mentioned above to close the New York session for today, after which I will short the GBPJPY. The risk is low and the profit margin is wide with high probability of working out.
EURCHF; Pure price actionEURCHF is currently on our support level, and forming very interesting price action on the 4 hour chart.
From the bearish perspective, we see the pair might be forming a head and shoulder pattern. However this isn't complete yet.
From the bullish perspective, we can see it has already completed the ABCD pattern. Breaking prior structure. We can see it has formed higher high and higher low.
We will hold our trigger until we see price break 1.0750 before we go long or complete the head and shoulder pattern before we sell.
USDJPY - The Trend is your friend..until the bend in the end!USDJPY does not seem to be correlating with the DXY unlike EURUSD.
Smart-money clearly has an agenda here and it is highly probable that they are heading to the area highlighted (in blue) where we can see some imbalance in price action in the daily candle (26th March). So this area is where I will be focusing on and looking at (thats why I put the eye icon there)
Expectation is for the imbalance to be taken care of before price retraces.
Looking for Short this pair after my reversal confirmations have been met. What reversal confirmations you ask ? ...well thats the million dollar question! Get in touch to know more about how Smartmoney moves the markets and how you can benefit from their moves without the reliance of lagging indicators all over your charts.