DPA_FxKnight

DPA_FxKnight

Looking for longs, after price tapped and rejected an area of daily demand (order block)

DPA_FxKnight

There is a potential USDCHF short term long (pullback) play on the cards. Currently the price seems to be pulling back lower to discount prices before a potential long. Price has broken previous highs after a week long bearish blood bath. Last Friday's gains, signify what looks like the start of the bullish pullback in order to complete wave 4.

DPA_FxKnight

Currently, price has broken previous highs (buy side liquidity) and now seems to be rejecting an order block. If price rejects lower from here, it will fulfill the idea of closing/testing the Weekly order block and fair value gap (FVG) before potentially moving higher from there. If price hits the weekly FVG/Order Block, preferably corrective, then it might...

DPA_FxKnight

Expecting price to break the internal weak high and then sweep liquidity, before trending lower to first take out the H4 weak swing and then potentially go up afterwards.

DPA_FxKnight

Potential shorts on EURUSD. Price has moved moved external range liquidity now potentially going for internal range liquidity

DPA_FxKnight

The internal structure between the major swings is bullish. The previous low just formed a double bottom thus increasing the possibilities of one more push up into the supply zone before going short. Let's see how it goes. Just my opinion, not financial advice.

DPA_FxKnight

Price has shown weakness around the demand area. Now, looking for shorts to the previous lows. RR: 1:3 - Its about 47 pips down

DPA_FxKnight

Looking for a pullback to the 0.618 fib retracement level and then continue with the downward trend. If that fails, then there is a possible 2nd entry around the H4 Order Block

DPA_FxKnight

GBPUSD has been a downward spiral for some time now, and I expect the bearish behaviour to continue. I have identified a bearish flag on H4, which signals more downward movement expected. Now the waiting game begins...

DPA_FxKnight

I haven't shared in a while... Big Head and Shoulders pattern followed by an impulsive break of that neckline and resulting in a nice correction to retest that neckline. Classic bearish flag pattern. Disclaimer: Please do not follow anyone blindly, not even me. This is only my opinion and not trading or financial advice

DPA_FxKnight

Bullish flags on H1 and H4 suggests a change in cycle in terms of trend. The pair has tested and rejected the 50% Fibonacci retracement level of the flag. We need to wait further confirmation, a break and close above 1.18358 - 1.18360 on the retest we can go long. If however the pair continues to retrace further down then we can look for longs around the 0.618...

DPA_FxKnight

All timeframes are pointing to the downside. On D1 I can see a short sell trade to monthly support(the orange shaded area), then we will revisit this analysis. For now though, I am biased to the downside. What do you think? Disclaimer: The views here are only my opinion and not in any way investment advice

DPA_FxKnight

The pair has been consolidating for a while and it looks like it is ready to move up. Currently it is approaching resistance and could correct downwards one more time to go get momentum from the supportive area before continuing upwards. The correction could possibly bounce off at around 1.21090 and continue up. Just my opinion...What do you think?

DPA_FxKnight

NZDJPY is currently retesting and rejecting weekly resistance area. On D1 the W formation formed has completed its retest of the Fibonacci golden zone, we can therefore wait for further confirmation for either another retest of daily resistance (and creating a triple top). Or, a full reversal to the downside for a retest of the monthly supportive Fibonacci...

DPA_FxKnight

Fundamentally, the DXY is struggling to push up further. The latest C.O.T report shows that for the DXY(USD), retail traders have closed the longs and added shorts hence my bias to the downside. Technically, I am waiting for the DXY to complete its correction upwards, then I will short it. If it plays out that is. We also have a potential Head and Shoulders...

DPA_FxKnight

Looking to short the pair based on technical analysis and the over extension of the market towards monthly resistance. I will wait for the break and close below of the previous resistance (the orange shaded area) before my sell bias can be confirmed. For now I will and see how the market reacts to my analysis. Just my opinion...

DPA_FxKnight

Waiting for the bullish momentum to shift from bullish to bearish so that we can look for potential selling opportunities. The EUR is fairly strong and the JPY weak so price could easily continue upward. Just my opinion...

DPA_FxKnight

Price has broken above the daily flag pattern, now we are juts waiting for the retest of the broken previous resistance...and then we continue to go long. Just my idea...