HCapitalfx

HCapitalfx

Based on last weeks analysis we were looking to go long based on the weekly structure. We have now pulled back into a strong demand zone. Based on the structure to the left price broke the level easily.

02:04

HCapitalfx

Demand and supply. Break and retest. I prefer to look for buying opportunities. In this example price has made a significant move to the downside. I'll look for short opportunities until price reaches our previous area of demand. Since this week will be nfp.

02:15

HCapitalfx

Looking for a good short opportunity.

HCapitalfx

Price in now in the middle of the major supply and demand zones. Price has broken the trendline within this zones. I wait for a retest of the trendline, round number and 61.8% fibo before going short.

HCapitalfx

We see price falling every time it touches the major downward trend. Price is now ranging between a minor upward channel. We can forecast a head and shoulders patterns forming.

HCapitalfx

Price has touched a major weekly buy channel. I expect a break of the resistance and become support to go long to complete the channel.

HCapitalfx

We can see price testing resistance and we see a momentum move to the downside. In addition we have formed a downward channel. We wait for price to test the channel plus the strong resistance area before going short.

HCapitalfx

We see price has broken the daily trend. Price has also fallen at the identified supply zone. We wait for price to reach the supply zone and break the minor trendline. After a retest = we short the market.

HCapitalfx

Looking at the Daily time frame we had strong momentum every time price came back to test the upward trend channel. We wait for the retracement back to the support. (previous minor resistance now broken), Our entry is to be taken in the 1H time-frame based on candlestick pattern.