Wedge broke to the upside
Price bounced from fresh 1 hour demand zone which happens to line up with the fib levels as well
Pending order activated with stop just below the 78.6% level
See previous analysis breakdown
Expect current candle to close as a hammer and reject the demand zone
FX_IDC:GBPUSD
Price already showing exhaustion as there is MACD divergence formation on the lower time frames
Price currently has not broken the inner uptrend on the lower time frames however we have seen price resisting the previous resistance zone - around 1.3555.
We could see price breaking inner uptrend line to make a new higher low either around the highlighted zone or...
Price currently in a descending wedge with signs of exhaustion - MACD divergence formation
If price breaks out to the upside we could see it heading towards the highlighted resistance zone
Resistance zone is in confluence with the 61.8% fib level plus downward trendline which could be potentially re-tested
Will be closely monitoring the pair for any...
Counter-trend trade setup
Potential Head & Shoulders with ABCD confluence were we could see price getting rejected around the 61.8% - 78.6% zone
Break of inner trend line with possible test of outer trend line
Will be closely monitoring this pair once it gets to my sweet spot for a potential buy setup
FX_IDC:EURUSD
Price has been making Higher highs and Higher lows within the uptrend channel
Potential ABC formation with 2 potential take profit targets
Support zone highlighted which confluences with Fib zone - between 50%-61.8%
Will wait for price to hopefully come back to my sweet spot
FX_IDC:USDCAD
ABCD formation
Price failed to break major resistance as we saw that level tested twice already
Possible double top formation
Stochastics exited the overbought zone
H4 MACD divergence formation
FX_IDC:NZDUSD
Price rejected 61.8% fib
Foresee current hourly candle closing below counter trend line
We'll see a re-test of previous support & trend-line before price heads up for new highs again.
FX_IDC:GBPUSD
Price has been respecting descending trend line and has struggled to break to the upside
Waited for the short term correction upward trend line to be broken and price to come back for a retest; which it did
ABCD confluence as well, have 2 TP's in mind as I foresee price moving downwards for it's last stretch to potentially retest the weekly trend line before...
Price broke descending trend line
We are in a strong bullish momentum as price has been making higher highs
I foresee price coming back to re-test breakout zone
ABCD formation
Pending orders placed
FX_IDC:USDJPY with 2 potential take profits in mind
Price broke descending trend line
We are in a strong bullish momentum as price has been making higher highs
I foresee price coming back to re-test breakout zone
Pending order placed
FX_IDC:USDJPY
Potential ABC formation
Sold at the 127.2% fib extension of the counter trend move
Potential Head & Shoulders
Stochastics in overbought zone
Price at weekly resistance
FX_IDC:NZDUSD
Deep fib retracement just below the 78.6% level
Price retested the trend line and closed above it
We have to indecision candles on the daily so far
Stochcastics is currently oversold
Price respecting bullish retracement channel
Looking for price to go to the 161.8% fib level which also happens to be the 61.8% level of the main ABC move on the H4 timeframe
Stochastics already exited the oversold area
FX_IDC:NZDUSD
Price broke outer trendline
We saw a nice retracement to the fibzone - between 50%-61,8%
Price did not quite bounce off the outer trendline, however this could be due to the daily demand zone as price immediately moved to the upside after slightly testing the zone.
Will be looking to take profit at the 100% level as price is stuck within the main bearish...
Price has been respecting the bearish channel
Price could retest previous support now turned resistance
ABC formation with possible reversal around the Fibzone, between 50% & 61.8% level
4hr Stochastics already entered overbought area
FX_IDC:EURUSD
Price bounced of resistance which is also the 127.2% fib extension zone
Divergence on the 4h MACD
Stochastics cross from the overbought area
placed pending order as i'm looking for price to make a double top on the smaller times frames
However if price doesn't make a double top then will manually look for a sell setup around the lower high formation
...
Price broke through descending trend-line
Price currently at resistance which is also the 127.2% D extension
Waiting for price to retest broken trend-line
Price likely to retrace to the highlighted demand zone which is,
The area between 50%-61.8% zone
Stochs looking overbought on the daily
FX_IDC:USDCHF
