Evening Traders, Second Analysis – GBPUSD- testing Weekly S/R that has technical confluence, a bounce here is probable. Points to consider, - Impulsive Price Action - Weekly S/R (Support) - .50 Fibonacci (Resistance) - Stochastics Buy Cross - Evident volume Climax GBPUSD’s immediate Price Action has been impulsive to the downside, currently testing a key...
Evening Traders, Today’s analysis – ADAUSDT- initial respect of the weekly resistance, Price Action has a probability if retracing here. Points to consider, - Impulsive Price Action - Range-mid support (21 MA Confluence) - Weekly S/R Resistance (200 MA&EMA Confluence) - Oscillators overbought - Volume Climax The immediate Price Action on ADAUSDT has been...
Evening Traders, Second analysis – GOOGL – testing key 200DMA where a bounce into Daily S/R is probable, Points to consider, - Bearish Price Action - 200DMA (Support) - Daily S/R Resistance - RSI Hidden Bullish Divergence - Increasing Volume GOOGL’s immediate Price Action from swing high is bearish where a back test and respect of the Daily S/R will...
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....
EURUSD is under major support which is now acting as resistance. Price is under the 14 EMA. Risk 20 Reward 30 pips. Entry 9am. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Evening Traders, Today’s analysis – TSLA- swing high back into range, price action is currently bearish under range high. Points to consider - Bearish impulse break - Range low support - Range high resistance (bearish retest) - Stochastics sell cross - .618 Fibonacci TSLA’s bearish impulse back into range allows us to have a bearish bias on the market....
Evening Traders, Today’s analysis – THETAUSDT – trading in a descending broadening wedge, confirmation on a break of dynamic resistance, Points to consider, - Trend bullish (consecutive higher lows) - Support confluence o 200 MA o Local S/R o .618 Fibonacci - Dynamic Resistance - Oscillator Equilibrium - Declining Volume THETAUSDT’s immediate trend is...
Evening Traders, Today’s analysis – BTCUSD – price establishing a local range, currently putting in a probable bearish retest of dynamic resistance, Points to consider, - Range Deviation - Range low (support) - Range high (resistance) - Declining volume A range high deviation shows weakness in the immediate term, this allows us to have a bearish bias on...
Evening traders, Second analysis – NZDJPY – rejection from Daily S/R currently trading in a small equilibrium with the dynamic support being the immediate target, Points to consider, - Macro Trend Bearish - Daily S/R Resistance - Dynamic Support Confluence (200 MA) - Oscillators Divergence - Volume Declining The macro trend is bearish with consecutive...
Evening Traders, Second analysis – EURNZD- holding Daily S/R with bullish price action, local S/R retest probable, Point to consider, - Impulse sell - Daily S/R (support) - Oscillators diverging (Resistance) - Volume influx EURNZD has had an impulse sell into key Daily S/R that is currently holding support. Being a HTF support, a bounce here is probable....
Evening Traders, Second update – DXY – likely to rise if the immediate swing high gets taken out. Points to consider, - Descending broadening wedge (break) - 21 DMA local support - Daily S/R confluence (.618 Fibonacci) - Swing high immediate target The DXY has broken out of its clear descending broadening wedge. Price action has confirmed support on the 21...
Evening Traders, Today’s analysis – BTCUSD – trading in a probable ABC correction, with a lower high yet to be confirmed, further data will confirm trend direction. Points to consider, - Weekly S/R (key support) - Bearish PA - .50 Fibonacci (bearish retest) - Bear trend confirmation (weekly S/R) BTCUSD’s trend will be dictated on the weekly S/R, currently...
Repost** Evening Traders, Second Analysis – GBPAUD – Strong impulse sells likely to lead to an oversold bounce play, following technical points to consider, - Trend aggressive sells - Weekly S/R HTF Support - .618 Fibonacci (lower high) - RSI oversold - Stochastics flat - No volume climax GBPAUD is respecting its weekly S/R in the immediate term. This is a...
Repost** Evening Traders, Second analysis update – AUDCAD- Price testing weekly S/R after an oversold bounce play, correction at this point is likely as this is a technical trade location. Points to consider, - Oversold bounce play - Weekly S/R Pivot (Resistance) - Local S/R Flip Retest - Technical Bearish Divergence - Evident Volume Climax AUDUSD had an...
Evening Traders, Secondary analysis – NZDUSD – respecting daily S/R with a range deviation, price is likely to test lower levels. Points to consider, - Bearish price action - Daily S/R resistance - 200 DMA support - RSI bearish divergence NZDUSD is likely to respect range high due to its recent bearish price action. Breaking impulsively back into range...
Evening Traders, Analysis on - NZDJPY –any rallies are to be sold into on the daily, technical points to consider. - Range high deviation - Valid bearish retest - Bearish PA - 200 DMA Support Price breaking impulsively from range high is quite bearish; a weak bounce will signify follow through to the downside. Price action is likely to put in a bearish...
BULL BACK AND REJECTION SETUP INFO AS SHOWN ON THE CHART