OFPA_FX

OFPA_FX

Overall, GBPCHF is still in the down trend. Will be selling at the indicated SZ to target the immediate DZ that will yield about 1:3 risk/reward DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to,...

OFPA_FX

For this analysis, I will use 2 hour chart cos things looks clearer for a case of Bullish continuation. After hitting the low early Thu, price pull back and closed at the high of the day with a daily Bullish engulf. That's a sign of Bullishness. Fri see price consolidated before a Bullish impulse follow by a Bear flag. What makes the case for the Bullish...

OFPA_FX

Totally missed this Bullish trade from the start but fret not, I see evidence of Bullish continuation. The first sign of trouble for the Bears came in late NY session Wed. After 3 Bearish H4 bar, we see a pin bar. Why is this significant? First of all, the pin bar is right where a previous structure low(9th Mar) is. Most importantly, the pin bar registered the...

OFPA_FX

After 2 weeks of selling pressure, I finally see some evidence that Bulls are preparing to take over. If u notice, most of the high volume are traded on the up bars. Which indicates to me that Bulls are stepping in. There's only a lone high volume down bar and it happens at the lower range of the week. Perhaps an indication of panic selling? A case of Bears fear...

OFPA_FX

The Bear rout of oil might be coming to a pause. And here I will share with u why. Late Wed, we see a high volume H4 bar(A). But the next bar is a hammer on lower volume. If there's professional selling interest(A), why isn't there a follow through(B)? On Thu, price consolidated near the low before Bulls make a push. Notice that the push is to the same area will...

OFPA_FX

The week started with a Bearish tone setting the low of the week. The first sign of Bullish interest came late Mon in NY session(A). The next day, price pull back and again, the Bulls surface during NY session(B). Wed see price erasing all the gains made on Tues. Note the lesser volume on Wed down bars compare to the higher volume of the up bars during the last 2...

OFPA_FX

The week opens with a strong Bearish move that set the low of the week. It thereby pull back and slowly make an assault for the week low again. But it never really come close to doing so. Late Thu, I notice sign of strength in a H4 bar. True enough, next day(Fri), price starts to trend higher and form value at the higher range of the day. On daily, you can see...

OFPA_FX

Will be looking to sell EURNZD if this hourly candle close bearish. Reason been the up bar are seeing lesser volume while the down bar are seeing increase volume. A sign that Bears are taking control. Do note that this is a counter trend. But at the TP highlighted, it still yield risk/reward of 2x. So I will be taking this trade. DISCLAIMER: Any opinions,...

OFPA_FX

After hitting weekly low early Fri, the Bulls launched an assault and in the process, took out 2 order blocks along the way. It thereby retrace and starts to form value again at a previous order block zone follow by a H1 Bullish impulse. I see Fri Bullish move valid cos of the high volume seen, surpassing that of the Bearish close on Thu. Moreover, Thu Bearish...

OFPA_FX

Check out my analysis of CADJPY. Both pairs are showing the same price action. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from...

OFPA_FX

After gaping down on Mon opening, price resume its Bearish bias from previous week and close at the low. But Bulls have other ideas. On Tue, Bulls took over and reverse all the losses on Mon. That's a first sign that Bears is in trouble. It continue its assault on Mon low but was rejected and Bulls took over on Fri to close at the high which is also the high of...

OFPA_FX

What first got my attention of this pair is the daily ultra high volume , last seen only in Jun 19. After 2 weeks of strong Bearish move, the Bulls might be awoken!! Dropping down to H4, it clearly shows bulk of the daily high volume are traded in the last 3 up move bars. I think that says a lot about the conviction of the Bulls. Certainly going LONG on this pairs...

OFPA_FX

After an extended Bearish run stretching 3 weeks, we finally see a D1 Bullish close on Wed. But Bears launched an attack on Thu. This Bearish D1 close doesn't has any conviction cos no high volume is seen. It launched another attack again on Fri but D1 closed with a doji in ultra high volume, volume that wasn't seen since 12th Dec 19. Dropping down to H4, we can...

OFPA_FX

I am gonna make a bold call for Bullish reversal here. Some might call me crazy after the strong Bearish run. But I will highlight some reasons why I think it might be going higher soon. Firstly, price has reached a weekly demand zone near a structure low stretching all the way to Jan 16. Secondly, there's higher volume seen compare to previous days of down move....

OFPA_FX

After a Bearish closed in the previous week (which didn't close below the previous structure low), the new week started with a Bullish daily candle recovering almost all of previous week losses. Thereafter, price consolidate in a triangle pattern. On Fri, we see a H4 Bullish impulse off a low liquidity zone. All these put together, I am of the view that price is...

OFPA_FX

After a Bullish daily close on Thu, the Bulls continue to make an assault on 2 Mar high but end the day with a high volume doji below the daily value area. This could be a double top in the making. I will be looking to sell the pull back. A daily close above 2 Mar high will negate the Bearish bias. DISCLAIMER: Any opinions, analyses discussed in this presentation...

OFPA_FX

After a strong bearish move the week before, we see price pulling back and consolidated for 4 days before breaking out to the down side late Thu. It then consolidated on Fri with high ultra volume seen. What makes this move suspicious to me is that the H4 breakout candle is not of a very high volume . Plus after the breakout, there isn't a follow through even...

OFPA_FX Updated 

Price reacted to a recent structure low(2020 low) with a rejection and end the day with an indecision candle. With the ultra high daily volume traded and price closing slightly above the value area, I am inclined to believe that we might be seeing a strong Bullish move soon. I will be looking for further evidence in the form of a rejection of Fri low with an...