This is what I'm seeing.
Possible ABC corrective structure after price bouncing off channel limit as well as a previously tested support zone. Resistance was created on the inner channel structure causing a 5 wave movement(A), breaking the bullish movement trendline but not quite the market structure.
Bullish movement could be taking place as wave B form and...
Prince Broke Bearish trendline and the bearish market structure. The bullish bias has still room to go as market haven't shown any reversal signs. More over price has reached a support zone on 4H timeframe, suggesting bullish continuation for a while. Price action is on evaluation for confirmation on bullish entries and support zone.
AUDCAD Pair has an overall bearish bias. It came in a bearish wave, breaking supply/demand zone, but soon after came back, breaking the bearish wave trendline, crossing the S&P Zone again, making an intern bullish market structure and going further up than the previous high. The bullish bias has still room to continue since que Long term bearish structure is still...
AUDCHF was in a bearish trend. The bearish trend was broken and even went through the previous Lower High(LH) breaking market structure.
Looking for buying opportunities.
4H Chart shown prices has come back to the previous LH. Keep an eye on markets behavior.
Pair analysis for this week.
Price got supported in major zone, which acts now as a support after being broken before. Price also broke downtrend structure and went on bullish rally making new higher highs. Now price is reaching a minor resistance zone. Price have not successfully gone through this zone, so a reversal structure may be appearing on the following...
Pair analysis for this week.
Price has reached demand zone and inspite of apparent attempt of going through, price remains with possible trend reversal looking to reach supply zone again. Since nor reversal or continuation have kept on going, we keep on waiting.
Daily CHF/JPY analysis shows that bullish trend reached a zone of resistance and started oscillating round this zone. Furthermore, 4H analysis is showing price to be consolidating as well around this key level, and now following a bearish channel currently reaching the upper part of this channel. Volume and momentum seem to also be diminishing as price reaches...
