Looking at RSI only for the past 3 crashes they relieved RSI to 50% level giving enough room for an intense bull run. On smaller TF we have a great break on our sell momentum line
On daily we have a great supply area just above the invalidated swing low. The quasimodo formation plus the divergence shows a loss of upward momentum and we should position our shorts
On weekly we are fast approaching a supply zone. On 4hr we have a buy side qml which can take us there. This is only valid if the markets start from this setup before the weekly supply
After printing a huge bullish engulfing we expect at least 50% retracement before a strong bullish run in USDZAR more like what usdjpy did
after a strongly bearish close gold looks bearish with only level1900 holding it back from reaching 79% retracement of 1825.
huge extended range candle with void to be filled. higher time frames are all in a clear bear trend.
Weekly time frame is on a super downtrend looking for continued push to downside
the market pulled up nicely from our qml zone. looking for more longs at 100.600 area for more upside.
dxy looks much bullish we are still to push higher with an expected retracement at our supply zone around 102 price level. Our next buy level is in confluence with the uptrendline at level 99
We have a qml plus trendline we will bounce hard #DYOR
After a week long of consolidation we finally have a violation of a momentum line, a demand zone flipped the SSR level.
We have a sasfe qml that coincides with an already existing trendline making ait a safe trade
EURUSD is testing our weekly demand zone for the second time. Divergence in 4hr is giving us exhaustion signals. a breakout we will look for a newly formed demand zone to enter long
price is ranging on a supply zone, a violation would validate our demand zone further. There is some liquidity engineering as an FV1 can be seen
price spent quit sometime at the qml level but it gave us a good 2ERC IMBALANCE. This is tied to a 79% retacement plus divergence
our last week forecast is going exactly. this week will be a continuation of the downward movement
this will usher us into a deep retracement to the 1840 to 1800 level where will start looking for longs
we are looking to go long on our counter trade to take us to our sell zone