MacDannie01

MacDannie01 Updated  Oct 19, 2020

As we can see GOLD has been in a downtrend for some time now, and now it has reached a critical selling point where it previously sold from Expecting it to continue in its downward movement until the next demand zone at 1879

MacDannie01 Sep 24, 2020

As we have clearly observed from this region from previous interaction, there is a fair amount of buying pressure on it. Price came back to test this zone once more and held above it quite convincingly, leading me to deduce that there could be enough orders to drive us into a nice buy move. Should we cross the zone let us be stopped out early should the zone no...

MacDannie01 Updated  Sep 24, 2020

As we can see gold has been on a downtrend for the longest time, we broke the region that we currently on but price came back into a buying movement. However price failed to establish itself above the 1920 region, and for that reason I think that the presence of buyers in the GOLD market is weak, expecting sells to the downside

MacDannie01 Updated  Sep 21, 2020

We see from the previous 2 touches on this zone that the buying pressure was no longer as strong as it used to be The most recent touch is a failed buy attempt, before price shot to the downside overcoming the zone Expecting price to continue falling

MacDannie01 Updated  Sep 21, 2020

NAS100 has tested this area multiple times and for some time this area has been an area of buy liquidity It now seems that the buy liquidity is exhausted, anticipating some good sells going to the downside Price failed to return and establish itself above the zone in its recent movement, so it shows that price has a higher chance of not returning to its buy...

MacDannie01 Jun 9, 2020

Tested a demand zone, anticipating bullish pressure

MacDannie01 Jun 9, 2020

We reached a demand zone, we tested this zone twice with wick rejections so I took that as evidence of injection of bullish pressure. Anticipating a buy

MacDannie01 Jun 8, 2020

What we see here is a potential buy on EURGBP, testing of a key supply zone where there was resting liquidity, we are net bullish on this pair so we can expect a powerful buy move

MacDannie01 Jun 8, 2020

What we see here is a currency pair that is net bearish, but has exhausted and formed a key level on the 4H timeframe, which shows there that the resting liquidity in this region is enough to inject some buying pressure, until we reach the retest of our supply zone at the top, and prepare for a long term sell movement

MacDannie01 May 27, 2020

We have a double top on a key supply zone, because price tried pushing to the downside but couldnt overcome bullish pressure, so it came back to collect more selling orders to push price to the downside. Anticipation is that the sell orders will hold and as a result we can expect to see price falling nicely

MacDannie01 May 21, 2020

What we saw was price breaking a short downtrend with a lot of aggression After the break we came across a solid supply zone which we couldnt overcome because the bullish momentum on the zone was really high, so price rallied back down to our previous demand zone where it shot from Price has been failing to break this zone, which can be an indication that theres...

MacDannie01 May 21, 2020

What we have here a possible buy trade We hade a small downtrend that acted as a retracement on the higher timeframes, pulling price back to the demand zone it shot from aggressively Now price has shot out of the downtrending movement, came back retested the zone to collect more bullish momentum, looking for a shoot to the upside

MacDannie01 May 21, 2020

Price dropped to a demand zone, the area where it had shot from before, after exhaustion price came back to the level with a hard fall to collect more buy orders. My anticipation is that this level has enough buying momentum to move price to the upside. As we can see now price rejected at a point that is above its previous rejection, which shows that the sellers...

MacDannie01 May 21, 2020

What we see here is price was struggling to break a supply zone that was acting as a strong resistance, when price finally overcame that point it shot aggressively to the upside, which led to some exhaustion and now price seems to have come back to a demand zone, the same zone it shot from aggressively to collect remaining orders and continue shooting to the upside

MacDannie01 May 20, 2020

Price is still in a solid downtrend, failing to overcome its previous high, shows that there is still more selling momentum than buying momentum, and that the key level is actually a place where sell orders are resting Looking like a nice sell

MacDannie01 May 18, 2020

At a critical level where price shot out of aggressively in the past, but because price lacked the intensity to push to the downside from that point, assumptions is that price came back to this level to collect some orders and continue its move to the downside. Target is at the ultimate low. A trade worthy of being taken

MacDannie01 Updated  May 15, 2020

As we can see NAS was trying to push to the upside but ran out of buying momentum which led to the big drop we saw, now it is as the key zone I consider this zone to be an area of significance because when price was shooting up the first time it wicked out of the zone and pushed up really hard, which could mean there are some buy orders that were left unfilled, so...

MacDannie01 May 13, 2020

WHat we see is price reached an extreme daily high, and has lost its buying momentum, so it might fall to the demand zone at the bottom because of how weak the buyers seem to have become on this specific pair