On Weekly Bearish, market has been bearish. And this sets the bias we will be looking for which is the sell side.
On the daily chart, Price has just broken a level that has been tested multiple times in the past.
The 4hours is a little bit more interesting because we might see being rejected by: Support now turned resistance, Trend line that has held for a very...
This is very tricky. still it is interesting to note that on the weekly we are bullish , on the daily also we are bullish . So all we can just do is wait for a buying opportunity to go long. After the M pattern we wait for the retest on the neckline and then that complete the standard impulse correction impulse pattern .
This is not a financial advise and make...
Everything indicate that a move to the upside is very plausible. Weekly bullish (retesting a demand area)m daily bullish (creation of a demand) and finally on the 4H which is clearly showing a break of the trend-line to the upside.
This is not a financial advise make sure to make good use of risk management in whatever trade it is you are taking.
Just make sure to follow the trend. With a weekly that is bullish, and a visible daily trend-line, the best thing to do is wait for price to come to that trend-line. A good trade if we see rejection occurring on a lower time-frame.
Weekly bearish, and a formation of SHS on daily TF. Simple!!! If and only if price is going to break and come for a retest to the neckline of the pattern then a good short opportunity presents itself
This is not a financial advice, make sure to make good use of risk management!!!
There is nothing more interesting that seeing an impulse and waiting for a retest in a trending market. Formation of weekly demand area (Bullish market), price breaking a resistance to the upside (impulse correction impulse, in a trending market sign of bullishness). All we can do is to wait, and see if there will be any signs of rejection on lower time frames on...
Risk management!!!!!
I see other possibilities in this trade, but just decided to publish this one because it has a more quality than the others and the probability than others.
Weekly, Daily bearish, daily trendline. On the 4hoursm there is an impulse move. And it is normal that after an impulse there is a retracement. there is a confluence of the 78.6 fibs and trendline. If price can retrace to that area that will be a trade to take.
With a Monthly and Weekly bearish trend, the ideal is to go bearish on the lower time frame. And on the 4H there is a supply area the coincides with the 78.6 Fib. With the 3 time frame in sync, if price can come to that area then for me it is a good short position
This is not a financial advice, and make sure to calculate your risk before taking any trade
With the weekly and Daily Tf in Sync (Bearish), we might see the formation of the head and shoulders to put the 1H also in sync with the higher time frames.
This is not a trading or financial advice and also, make a good use of risk management and let it run.
Here is my thought on AUDJPY. And my analysis was made using a top down analysis. But the best is to wait for price to come back in the Buy zone (the sell is also a good setup because we have the presence of a flippy ZOne that i found on the 1H), cause, of the presence of the Ignore Accumulation, If and only if there is going to be a Price Approching, then this...
On the daily, we noticed the price was rejected on the 50% fibs level, meaning that price needs to reach at least the -27.2% level as a target. On the 1H time frame, there is an Ignored Accumulation, RBR. SO the best thing to do is to wait for a FB (First time back on the decision point created when price broke the previous sell ZOne. Importantly if there is a...
Price is approaching an important Key Level. There is a confluence between the trendline and the KL (Key Level), coupled with the Fibonacci retracement level of 0.5. This is a financial advice, Make sure to make good use of proper money and risk management
