Chad_Sniper

Chad_Sniper Updated 

So market opens today going bullish (which is also our current sentiment on higher tf) Price hits the fresh supply and created a low at 1667.584. We opened a SELL trade at 1670.300 (golden zone). We expect it to retrace at 1661.733 (golden zone - which it did) before going more up possibly. If it goes more down it will hit 1649. old golden zone. TP achieved today.

Chad_Sniper Updated 

Friday 10/21, we saw price hitting support (4H - rejection at 1.11293) and went bullish hitting a 1H order block - around red line. Assuming the price will pullback, we saw the price reacting to our golden zone twice creating the long wick/shadow (thus opening a sell trade at 1.13341). Price can possibly hit 1.12336 or all the way to 1.11508 before going up or...

Chad_Sniper Updated 

Friday 10/21 we saw the market reversed and made a bullish impulse to make a breakout. As market opens today 10/24 it hit the order blocks 1666, 1668, and 1669. It made a huge rejection and we assume today will be a pullback/bearish. As the market made a low at 1653.780, it made a pullback at the golden zone to continue bearish behavior. There is possibility...

Chad_Sniper

In the chart we saw: 1. Divergence in the 30M tf (early indicator that bears have weakened) - see yellow lines 2. QML/QM (quasimodo level/irregular Head and Shoulder) pattern. This happens when it creates a Lower Low and Higher High at the same time (see black arrows). In other words, its just a break of structure hinting on reversing. QM traders use the left...

Chad_Sniper Updated 

Yesterday we saw that price went bearish after hitting a Supply area. Today we see a retracement at the golden zone and assume it will continue down until it hits the strong support zone from last week.

Chad_Sniper

Just like the GBPUSD pair, the EURUSD made some similar behavior. Thursday last week we saw a bullish breakout. Friday, it pulls back to our golden zone. On a smaller tf price finds support at 0.97321, which is another golden zone. This is also confirmed by 15M/30M bullish rejection or in 5M a sell-to-buy candles sitting beside each other. If you are one of...

Chad_Sniper Updated 

Monday and Tuesday we see consolidation printed as sideways (struggle between bulls and bears) Tuesday - Wednesday we see a bullish break of structure (fake out / trap) late tuesday, early wednesday bearish break of structure (fake out / trap). Remember when consolidation happens it will create an actual divergence on the chart. higher high and lower low. as if...

Chad_Sniper

After hitting the low of the channel previously at 1.06559 it goes back bullish to the 1.14658 which was our bearish golden zone. It makes one final bearish attempt but respected the bullish golden zone 1.09378 making a bullish break of structure from the previous consolidation. There is a possibility it will bounce at the next golden zone - 1.11432 to...

Chad_Sniper Updated 

I hope you guys caught this move. It is massive. 2 previous zones were broken (marked in circles). After the recent golden zone was broken, a rejection by bulls appear making the next golden zone looking to get broken as well.

Chad_Sniper

Overall trend is Bearish. Today so far, its going sideways (neutral) Market has yet to decide. Its bouncing on the golden zone resistance and Strong support.

Chad_Sniper

It bounced on the two golden zones (between 0.5 - and 0.618) Currently still bearish. 1660 is a strong level from past printed trades so it could bounce right off of it.

Chad_Sniper Updated 

Purple Fib zone - Premium zone to sell. Huge wick from Institutions as they see Huge order blocks in the premium zone = More money for them. Order blocks include Sell limits/pending ones, people's Stop loss including, etc. If you zoom chart to 5M tf, you will see two huge candles 1 bullish and 1 bearish candle happening in just 10minutes. That is called Buy to...

Chad_Sniper Updated 

Overall trend - Bearish We wait for breakout. Trade on pullback.

Chad_Sniper Updated 

Higher TF is bearish (downward channel). Price hits the support zone 11054 - 11187 (previous key level). 4H AO divergence suggesting exhaustion of bears. 4H/D is forming QM (lower low + higher high). We can open BUY trades at 0.786 zone. Confirmation on lower tf for sniper entries.

Chad_Sniper Updated 

On a higher TF the trend is bearish. Price hit the 0.5 - 0.618 zone as retracement and continues to push downward. Price hit the supply zone pushing further down. Looking to open SHORT trades. A break of structure already happened at 1706.240 on 1H tf. As the next lower low is formed, mark that with fibs, as the price retrace upwards, open short at 0.718 - 0.886...

Chad_Sniper Updated 

Huge bearish rejection on H1 tf - 1.10728 1.10673 - 1.10559 should be a strong resistance zone after a recent breakout

Chad_Sniper Updated 

Still bearish. Can retrace upto 0.97261 level and push down again.

Chad_Sniper

Price reaches the blue zone = previous key zone. Price is now in the purple zone = discount zone - perfect zone to buy. AO divergence at 15M. Price made a lower low + higher high (see 3638 broken - red line) = QML We wait for new High to form and mark that as the 2nd point in our Fib (the first point being 3609). We wait for retracement at 0.786 before opening a...