OFPA_FX

OFPA_FX

After a strong bearish impulse on Wed and Thu that took out 3 days low(red circle), price shows some bullish pressure on Fri. I see this as a pull back and aggressive trader might ride this move to the SZ above. Prudent trader should wait to go SHORT at the SZ which IMO offers a better RR and a higher probability winning trade since this is the origin of the...

OFPA_FX

Price show weakness at a previous structure high with a daily bearish closed. Will be looking to sell the pull back targeting first, the flip zone follow by the swing low. 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,...

OFPA_FX

After hitting the low on 25th Sep, price makes a pull back. What is different about this pull back is that it is the strongest pull back since the bearish move started on 18th Aug. You would have notice the pull back registered 132 pips in 5 days against the next largest pull back of 120 pips in 7 days. That is a sign of diminishing bearish pressure. But this...

OFPA_FX

On Mon, daily reacted to a flip zone with a hammer. Looking to the left, you would have notice that this area acted as a support and resistance/flip zone(FZ) on numerous occasion. And the week before, price has been hovering there with Bears and Bulls fighting it out as can be seen in the various daily bullish and bearish candles. Back to the Mon daily hammer....

OFPA_FX

After a strong Bearish move, price reverse course and make a strong pull back hitting the high on Wed before closing at the low of the day. Thu, the Bulls launched an assault at Wed high but fall short of it. Bears see that opportunity and actually succeeded in overcoming the minor structure but have since pull back. If you are into volume profile, you would have...

OFPA_FX

After breaking a structure high, price pull back but on Thu, stalled at a previous resistance turn support. The next day, the daily candle registered a inverse hammer with wick higher than previous candle. In fact, the wick actually hit the 50% mark of Wed candle. With the higher volume, it is a sign that we might be seeing a Bullish reversal soon. Will be...

OFPA_FX

Price has reached a flip zone and showing sign of strength. I see the possibility of accumulation going on which is also reflected in the last COT report where they are reducing CHF long and increasing CHF short. But London session on Fri is showing. So I am seeing price might pull back for further accumulation before moving higher. Will be looking to go LONG at...

OFPA_FX

Price is showing sign of strength at @ a QML & fib 61.8. Will be looking for a trigger to go LONG on this pair 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...

OFPA_FX

Price is showing sign of weakness in a flip zone and between fib 50-61.8. Will be looking for confirmation to go SHORT on this pair 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...

OFPA_FX

Price is showing sign of weakness approaching a DBD. I will be looking for a confirmation to go SHORT on this pair 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...

OFPA_FX

Last night daily candle price action signaling a possible Bearish reversal. Am looking for a H4 Bearish close to trigger a SHORT entry for Bearish continuation 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...

OFPA_FX

Last night NY session showing sign of weakness and I see a Bearish move on the card. Will be looking for a trigger to go SHORT for Bearish continuation. 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...

OFPA_FX

Last Fri closed shows a potential bullish move coming up. The upper wick that extend beyond the previous day high shows desire of bulls to push higher. The lower daily volume tells me that there's not much selling in the background. Another factor that favors a bullish move is that price is now at a previous resistance turn support. Couple by the fact that this...

OFPA_FX

Fri volume spread analysis tells me that a bottom might have been formed. Will be looking to go LONG on pull back for Bullish continuation 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...

OFPA_FX

Price hit a weekly low and reverse course but stall at a previous structure support turn resistance. But Bulls overcome it with a bullish daily closed on Fri signaling bullish intention. I will be looking to go LONG on pull back to target previous swing high. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not...

OFPA_FX

NZDCAD is showing a strong reversal daily candle at a previous structure. The zone act as a support and resistance on countless occasion. Notice the higher wick that extend beyond the previous day high. That's a strong sign showing the Bulls intention to bring price higher. I will be looking to go LONG on this pair. But do take note that this is a counter trend...

OFPA_FX

Fri daily candle closed with a inverse hammer, a sign that price might be moving up. Aggressive trader might look to trade the counter trend bullish pull back. Alternatively, one should wait for a pull back to the flip zone(previous structure support turn resistance), which coincide with fib 38.2, to look for a sell opportunity to join the Bearish trend....

OFPA_FX

Price reacted to a DZ with a bullish candle. The DZ coincide with a flip zone(FZ) as well as fib 61.8 of the previous bull swing from 13th Jul. By no means this signify a trend reversal. I am looking for price to violate the last swing high(yesterday high) as well as another FZ before looking to go LONG on this pair at the pull back to the 2nd FZ....