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Zones

GBPUSD (more detailed analysis)FX:GBPUSD W1: We were in an uptrend (red trendline ) which we broke and now acts as a resistance level D1: Again we were in an uptrend (orange line) ..again broken acting now as resistance We also have a descending triangle which is about to break and a DOUBLE TOP pattern (still neckline not broken) H4: We have a triple top (at the above green zone) Price is currently ranging between the 2 green zones (top & bottom) So if price breaks down (the bottom green zone) ...we will have a very big shorting opportunity with a lot of pips to be made (of course after a retest of the zone) if it doesn't...then we buy and set our TP at the above green zone (tested 3 times & trendline confluent zone) FX:GBPUSD
by YerwantKansabedian
USDJPY short W1: We are in an impulsive move after the retracement of an uptrend D1: We have an inverted H&S at a psychological level (112.00) which is also a strong Sup/Rez zone H4: We can clearly see a couple of Shooting stars/Hanging man candlesticks which mean that price is retesting the zone but never closing above it So my view is that price will go down till Fib 61.80% level which is also a previous support zone plus keeping in mind that it is a confluent zone between: (a lot of confluence) -Fib 61.80% -D1 trendline -W1 trendline -previously tested support zone
Short
by YerwantKansabedian
1
USDCAD - POTENTIAL BUY + MULTIPLE TIME FRAME CONFLUENCE Following on from this day's daily candle closure, we are able to be given an impression that the long lower wick below the body demonstrates a rejection of the linear level as well as a further indication for the market to be pushed higher. We are also able to identify the similar rejection when looking at the 4HR time frame. In addition, from the recent candle closure, it is clearly shown that Buyers have taken over the market as the bullish candlestick is much more larger than the bearish candlestick that had occurred. In addition, clear confluence for a potential BUY can be justified at the fact that the market had previously bounced off the bottom trend line, as well as the fact that the market is at a key zone which had previously been used as support. Trend line, Zone, Candlestick formation, Multiple Time Frame Confluence, Zones - What more do you need?
Long
by Basit-Abdul
CADJPY - Daily - Potential 3 Drives Pattern - 26/03/19Overall I think we're still in for some selling pressure down to the 80.50 - 81.00 region. We're seeing some really clean price action after a break of the 83.00 handle, with price making lower highs and lower lows. The EMA Waves throughout the higher and lower timeframes are aligned. If this does play out it'd form a 3 drives pattern, which I have seen recently also on EURUSD . These are reliable patterns and hold significant psychological value. My thesis is marked on the chart, and of course, if price action confirms a change in direction this idea is flawed. Tools Multi-timeframe analysis Support and resistance Trendlines Channels Fibonacci Harmonic Patterns Trend Analysis EMA's
Short
by robdee4x
Supply and Demand Levels For ETHUSDThis is my daily timeframe analysis, for context this is my LTF (Low Time Frame). I will be working with 3 time frames for my analysis, a LTF (Low Time Frame), an ITF (Intermediate Time Frame), and a HTF (High Time Frame). As stated earlier my LTF is Daily candles, my ITF is Weekly candles, and HTF Monthly candles. The HTF will be used to identify where we are in the price curve, the ITF to determine Trend, and the LTF to determine Zones. Since i'll be starting with the LTF I will briefly explain my conclusions from the ITF and HTF. On the HTF we can see that we are Low on the Curve and have bounced from a solid demand zone formed a while back. On the ITF we can see the trend is mostly sideways with a possible higher low being made in the last couple days. If we make a higher high in the next 10 days or so, my ITF trend will be in an uptrend. A weak Demand Zone was formed on the Daily time frame, price spent too long in the Zone and was retested once so it is no longer Fresh. If price approaches this Zone again, it is likely to break and test the weekly Demand Zone. As of right now it looks like price wants to test the upper levels again. I'll be looking to take Longs in the Demand Zones and Shorts in the Supply Zones, unless the Distal lines break. Thanks for reading, the odd CAPS is to help with skimming.
BITFINEX:ETHUSD
by Silvertoe
USDCAD outlook USDCAD formed a nice inverted head & shoulder on the D1/4H/1H charts. Most of this year the pair's consolidated between zones. This recent move started near the top of the zone 1.31307 and the impulse ended near the top of the high zone 1.34669, breaking the consolidation. Looking for price to complete a pullback and will look for a long entry. A 50% retracement would be near 1.32999, the top and bottom of the recent zone are line up near the 61.8 (1.33412) and 38.2(1.32654), I'll be looking to entries at these areas which also line up with the neckline of the head & shoulders pattern. Measuring this impulse move is 338.2 pips, taking a trade from either of these levels, I would look for the full measure of the move, this also lines up with the January highs.
Long
by Cory4rex