Review of the current EURUSD Asian session and option LevelsReviewing the most recent PA 1-2 period patterns:
4H Bearish Pattern
Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.
We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation:
1H NR4
1H NR7
4H WR4
4H WR7
Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level Higher then the last month high is 1.14230
Option level Higher then the last week high is 1.14230
Option level Higher then the last day high is 1.13220
Option level lower then the last day low is 1.12410
Option level lower then the last week low is 1.12410
Option level lower then the last month low is 1.11070
Also a session (current session only) pivots:
r3 1.13795
r2 1.13364
r1 1.12932
p 1.12693
s1 1.12261
s2 1.12022
s3 1.11590
I really hope that sharing of my routine with you, will help you in your trading.
Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.
Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Review
AUDNZD Short term intraday review of current possibilities On a 1H chart we have a bullish pattern (hour must be closed as is)
Currently At daily pivot
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
Short term intraday review of current possibilities EU
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower)
Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.1045
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
USDJPY Short term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
In my honest opinion, when intraday trading, if opposite - directional price pattern appeared, then there is no need to hold further, as a better opportunity is possibly coming. so closing a trade might be a good idea.
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
EURCAD Short term current viewShort term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
At daily pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.4435
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade.
It happens because I’m reacting to a current market conditions, as big changes are starting with small.
Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments.
Your likes are much appreciated."
AUDUSD demand zone crossroad AUDUSD is corrently trading in a nice downtrend, and as piphunters we then look for SHORTS.
But currently price is trading an a close proximity to a string demand zone. So if you are already short you can stay long. But we can not enter short until we see a Norse setup BELOW demand zone.
If price fails to bread demandzone, then we can start considering LONG if we
Short term long if price break 1H trendline
Midterm Long if we get a Norse setup above daily EMA36
Today we spooled our review down to youtube, if you are interested in a more in detail description.
www.youtube.com
"Crude Oil" a Huge profit to be madeCrude oil is making new grounds with it soon to
come with its reverse pull back, same thing
happened in 2009 although there is a possibility
that crude can slide to support at 40$. either
way i will be easing my way into a positions
using the ETF UWTI which is priced very cheaply
at 3$ a share. also a big shout out to @Ricker for showing me UWTI
Masterforex-V.com GBPUSD ReviewNew MF Protective pivot is created (1.7060). As long as this pivot is not broken - trend up will proceed.
If price will break through the protective pivot = trend up of wave level h4-d1 (thats started from 1.6680) - will stop at least. To turn this trend around, a FZR of appropriate wave level is needed.