Bearish market structure. Price has already rejected the 71-78.6% fib retracement zone and with one 4H bearish engulfing candle, 5 days worth of price was crushed. We have finally closed beneath a very strong level of support/consolidation on multiple time frames. The bullish trendline is finally broken which gives us more bearish confirmation. With...
Still looking to retest previous support from the last week of 2018. 4H Bullish structure. Look for liquidity to build around 1.3300. For detailed breakdown view on IMLTV.
Looking to see the blue zone lose momentum, gather liquidity, before a push to the green zones. Please view IMLTV for a DETAILED Monthly to 1H breakdown of movement.
I highlighted the liquidity trap. Intraday shorts possible but I prefer the buy after price settles at higher low and accumulates enough retail sells. Analysis recorded on IMLTV. Use this information to correlate with other pairs.
We've been ranging in this sell for a few days, racking up positive swap fees :D. Daily candles screaming sells as the wicks and 4H false breaks clearly demonstrate. In-Depth Analysis brought to you on IMLTV. TP: 1.49625
4H / 1H We continue with the bullish momentum, now retesting previous resistance/current support. Rejecting the key Daily Disturbance Level, which is also a 4H disturbance level. Price printed and closed above the consolidation range, confirming a continuation of the bullish momentum, now we wait for the proper retracement before our next buying...
Please see the end of IMLTV for details.
Option A Wait for 1H market structure to break to the upside with a 4H candle close above as well. After a pullback and candlestick pattern you enter. Option B Wait for sellers' exhaustion to be present in the blue liquidity zone. Enter off momentum shift / 1H/15MIN candlestick pattern
Monthly Price has rejected the Monthly Disturbance Level @ 105.50 on separate occasions. The first time for a few months and now just a quick rejection. The long wick tells us that sellers' momentum was lost dramatically and buyers took over for the majority of the month. Sell orders were filled when price came to the Monthly Disturbance Level @...
Monthly Price rejected our monthly disturbance zone @ 1.7850, accumulating mass amounts of buy orders. A bearish engulfing candle with a long wick confirmed long term sells off the 1.7850 level. Price broke beneath the monthly disturbance zone @ 1.66875, which was an incredibly strong level of support. Price closed beneath the consolidation,...
Buy Opportunities As explained yesterday's live trading session, we were waiting for price to close above consolidation on the 1H & 4H timeframe. Price has confirmed that movement. We now wait for pullbacks and signs of a reversal to take price to 0.91625. View the chart for more detail. Please wait sellers' exhaustion which is typically show by wicks...
Monthly This candle is printing a massive wick symbolizing sellers' exhaustion. We could see it be filled through the next few months or leave those sellers behind and start to make its push to the upside. 7 more hours until this monthly candle closes. This monthly candle is rejecting a key level of support at 125 (Major Quarterly Level). The flash...
Monthly 3 Month candle printed a long wick showing buyers' exhaustion and liquidity capture. August's monthly candle closed beneath previous support, capturing sellers at the low, we waited for a pullback and now we wait for smaller time frames to confirm our long term selling bias. Weekly 1.0050 - 1.0125 is a "liquidity pool." Enough buyers...
Follow Up Price responded to that 4H zone I displayed yesterday. Unfortunately, I was in the middle of the mountains and had to leave my location with internet but if you've learned from me through the years, you know why that area is there and what to respond to. Once you saw the shift in momentum on the 15 minute time frame, that should have confirmed our...
AUDUSD Monthly Outlook During 2018 we witnessed price not only break that macro trendline, but retest it and continue bearish momentum. Pay attention to the arrows on the chart. Those symbolize where price engulfs the previous month, continuing the meltdown of AUDUSD. You can see how November 2018's bullish engulfing candle may have enticed many to...