DanJ7

DanJ7

Its on 4hr supply region. confirmation on lower timeframe confirms the bear sentiment on the 5 minutes.

DanJ7

Technical analysis, Order block on a supply zone on 4hr, short on retesting the zone and change of structure.

DanJ7

The audusd is on a daily resistance and the monthly overall trend is a downtrend

DanJ7

Long term buy based on adx period 50 the sellers are exhausted hence buyers are joining the market. Liquidity is also grabbed.

DanJ7

On the weekly time frame there is wick rejection and the daily time frame have an engulfing retest. Which means that there is a confirmation for buys. Also it's on an OB that is a demand area.

DanJ7

usdcad is on its daily resistance if the price rejects the region with wick rejections we start to sell.

DanJ7

Based on the current market structure the currency is ranging. Hence there is no clear strong sentiment on what direction the currency will take. If it breaks to the upside we take a long on retest and a short on breaking to the down side on retest. #beprofitable

DanJ7

Based on the sentiment of the high timeflames the structure of the market and the price action if it forms wick rejections on retest we short the currency unless otherwise.

DanJ7

In the daily timeflame there is a break of structure to the upside and formed a new high hence there is a high probability for long positions

DanJ7

based on the technical analysis. UsdJpy have called to create higher high of 4hr timeframe. If it breaks the support level we sell