- Resistance at my 4hr FVG. - Possible sell opportunities if my 4hr FVG holds. - If I see a break through of this 4hr FVG, price may be seeking to fill the FVG at 1.33558.
- Applied fib to the entire order block candle to anticipate a bounce from one of these levels - Price is currently failing to break below 50% - Price may push lower to retest any of these levels but if we have confirmation I may take a long position until 1.10655 which is the low of the next order block on 4hr
- Shorts are now closed - Awaiting confirmation to take this setup within the 4hr order block - Price may push lower to take out sell side liquidity so confirmation is important - For any long position I may take I am looking to target the next fair value gap on the 4hr chart
- After taking out buy side liquidity we found price leaving a 15min Fair Value Gap as well as an order block. - Price wicked into our order block. - I have a bearish outlook short term with hopes to take longs anywhere below 1.09679
Current analysis for EURUSD -My bias is still bearish for this pair -Price is retracing and might reveal an opportunity to go short in the coming days/weeks
Current technical analysis for NZDUSD and potential short term opportunities to go long
- My overall bias for GBPUSD is bearish. Price has been making lower highs and lower lows consistently on weekly/daily timeframe. - Price has created a triple top at a previous level of support/resistance/previous high - Price has retested the 100ma on 4hr - Price had broken out of my 4hr inner trendline but has broken back below and is heading towards my 4hr buy...
Current bearish analysis for AUDJPY. My observations: - Price closing below my resistance zone at 85.903 indicating less bullish momentum. -failure to break the high if March 2021 -break below 50MA on daily time frame -Double top formation
Price has broken out of my weekly buy trend and I am looking to take any short opportunities after a pullback to the most recent daily resistance which was previous support. This level is also at the 618 level of my fib retracement.
Price has broken out of my buy channel on the daily time frame for a sell. I will be looking to take short positions once the sell is confirmed by retesting the previous area of support which will now act as resistance. I only plan to enter long term shorts once the market is below my 200 MA and I have a cross of my 20/50/200 MA's.
- Price has been in a sell since March 2020 - Price rejected my daily sell resistance trendline - After price rejected my resistance trend line it broke out of my 4hr buy support and pulled back to retest the resistance zone I have highlighted - Price is retesting the 4hr resistance zone a second time and I think this would be a good time to enter a sell - My...
Still looking to short this.
- Price broke out of a weekly sell support and has been in a sell since February 2021. - Price recently broke out of my 4hr sell resistance but seems to be breaking back under that trend line to continue with it's sell momentum. - I'm waiting for price to break below the 1hr support zone I have highlighted and I am looking to take the sell after a retest of that...
- Price has been in a buy since March 2020 and bounced off my weekly buy support trend line. - After price pulled back from the buy to retest my weekly support trend line it rejected that support and broke out of my 4hr sell resistance trend line. - Price is pulling back now on the 4hr timeframe to retest the support zone I have highlighted. - Once I...
- Price has been in a buy since March 2020 and has bounced off my weekly buy support. - Price has broken out of my 4hr sell resistance after retesting my buy support trend line. - After the breakout we had a strong push to the upside with three bullish candles on the 4hr timeframe. Price is pulling back now and my thought is that this is to hit the stops and/or...
Will be looking at this pair next week and what will happen at that support level.
EURAUD has been in a clear downtrend since October 2020. This trend is quite clear from the daily timeframe to 4hr and 1hr. Price pulled back and broke our of the down trend breaking my resistance trendline however it failed to takeout the previous lower high and retreated back to close below the resistance trendline. I have adjusted my trendline to the new lower...
Currently waiting for price to retest broken support