PRICE BROKE OUT OF BULLISH STRUCTURE ON THE 4H PRICE HAS NOW EXHAUSTED AFTER STRONG BEARISH MoMENTUM THE LOWER TIME FRAME 1 HOUR AND 30 MINUTE WE SEE PRICE MAKE A DOUBLE TOP OF A LOWER. WE SCALE DOWN TO THE 15 MINUTE TO LOOK FOR A NICE ENTRY SUCH AS A LOWER HIGH AFTER THE BREAK OF THE 15 MINUTE BULLISH STRUCTURE.
Waiting for a break to upside or downside to confirm a directional bias. Upon breakout I will shall post a possible entry only the lower time frame.
Overall bias on this pair remains bearish however we are presented with a short term quick long opportunity. Apply proper Risk Reward and lets see what happesns.
CHf JPY offering a possible long opportunity with a HUGE RIsk Reward. Scaled down to the lower time frames for entry. Price at Fib retracement level.
Price is at a my fib retracement level and appears to be rejecting this area indicating bullish momentum stepping in. Great Risk Reward potential.
Gold is in Bullish on the higher timfe frame however the market is due abit of a deeper correction. We are provided with a short opportunity during the correction.
Watchinf audchf for ahort opportunities will consider taking a short on a break of the bearish corrective structure. For now just watching to see what price does as it approaches the golden fib zone
Took a short trade on NZDCAD as it respected resistance. Good risk reward potential. Confluences: Resistance level 50% fib retracement corrective structure break bearish pinbar
Taken a Aud usd short trade as price is making a lower high in my marked fib zone. Nice Risk Reward opportunity on this trade.
Eur GBP short taken. Great Risk Reward Potential. Prie is at the 78.6 level on the weekly timeframe. The previous weekly candle closed as a doji which is an indecision candle. Ideally we should wait for a break above or below the indecision candle for a clear indication of direction. Took the short trade as I zoomed in to the lower time frame and saw a lower high...
FX:EURUSD Eur:Usd waiting for a retest of the highlighted zone and then monitoring PA in this area for bullish reversal signal.
FX:EURNZD Eur Nzd fell sharply after hitting resistance. I am waiting for a retrace in to the old demand zone now supply to monitor price action for signs of rejection. Price has the potential to fall much lower.
Cadjpy is currently approaching a fresh supply zone. Watching Price action on the lower time frames to give clear indication of bearish momentum kicking in. I am conscious of the descending trendline which has been broken, however this could be a false breakout. As long as price remains below 81.50 my bias remains bearish on this pair.
Eur Chf is at a weekly support zone and appears to be ranging on the weekly time frame. Possible long opportunity with a high risk reward. If price retraces on the lower tf to the highlighted zone i will consider long execution.
Waiting for price to create a double top or a lower high before continuing downwards.
Looking left we can see price has not been so low in a while. Structure is indicating a shift in direction. Higher low created and previous lower high was broken. We now need a retest of this area before continuing up.
Price pushed strongly to the downside. Now waiting for a retrace to broken structure. followed by continuation to the downside.