OFPA_FX

OFPA_FX

After making a Bull run starting from the week, price pull back mid week and closed near a confluence of trend line, flip zone and fib 61.8. Interestingly, there seem to be sign of strength in Fri price action. Will be looking for confirmation before going LONG on this pair DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal...

OFPA_FX

After breaching recent high(11th May), price struggle with April high. In fact, there are signs of weakness throughout the week. And on Fri, Bears finally looks like it may have partially won the battle with a lower range daily closed. I will sell the pull back with a view of a daily closed below Tues low to confirmed Bears are in control. DISCLAIMER: Any...

OFPA_FX

Wed see Sign of strength(SOS) in NY session. Bulls make an attempt on Thu to move higher but failed. On Fri, price retested the SOS seen on Wed, rebounded and manage to close off the low. I will be looking for an aggressive LONG entry on pull back. And if it break the downward trend line, add more position on pull back DISCLAIMER: Any opinions, analyses discussed...

OFPA_FX

Looking to go SHORT at the H4 supply zone(SZ) to target previous week low. The SZ is a nice H4 impulse bear move closing at the low of the daily range. For those into volume profile trading, the SZ also lines up nicely with Fri point of control. It is also between Fib50-Fib618 of the swing high/low DISCLAIMER: Any opinions, analyses discussed in this...

OFPA_FX

I see price gonna retest the H4 demand zone below(nice H4 impulse bullish candle with daily closing near the high of the day) before heading up to test previous week high. 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

Price seem to have formed a H&S pattern. I will be looking for a retest of the right shoulder where there is a SZ(nice impulse move down closing at the low of the day) to go SHORT. 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...

OFPA_FX

On my previous post, I spoke about Bearish reversal of CHFJPY: Price has indeed came off but supported by FIb 50 of swing A, it pull back up. Now it present another opportunity to add SHORT to it at the highlighted supply zone(SZ). The SZ lines up nicely at Fib 618 of swing B and also a flip zone. Will be looking to add SHORT. DISCLAIMER: Any opinions,...

OFPA_FX

Price is presently reacting to a QML as well as a H4 SZ proximal line. There's potential H&S forming. Will be looking for further confirmation to go SHORT 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

(A) & (B) are the highest volume bar(HVB) seen on Wed & Thu. (A) tells me that a lot of sellers are coming in despite the huge bullish move. The next day, we registered another HVB in (B) with daily closed lower that HVB (B) and near the low of the daily range(C). If HVB(B) is buying vol, why didn't it close higher? Moreover, D1 actually closed at the lower range...

OFPA_FX

CHF crosses across the board are registering ultra high volume and I see further weakening of CHF. After some analysis and risk/reward factor, I am choosing GBPCHF to go LONG. 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

Since hitting the low of the week last Fri, price has been consolidating at the proximal line of a H4 demand zone. Last night sees a potential sign of strength follow by an impulse bullish H4 candle early this morning. EUR has been showing strength across some pairs and CHF just started to shows weakness e.g. CHFJPY. Thus I believe EURCHF is due for a bullish...

OFPA_FX

This pair is showing a high volume rejection candle(A) in my BEAR bias zone and price closed near the low of the daily range. And JPY has been showing strength in other crosses. CHFJPY might be late to the party but it offers very good risk reward. I will be looking for a sell confirmation to go SHORT DISCLAIMER: Any opinions, analyses discussed in this...

OFPA_FX

Price consolidated on Wed & Thu within a D1 DZ. Late Thu NY session saw a high vol bar rejecting H4 DZ proximal line and closed at the high, which in my system, is a strong buy signal. Will be looking to go LONG on this pair on pull back DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment...

OFPA_FX

Price is nesting inside a D1 SZ, area of selling interest, the whole of Fri. D1 volume drop from Thu. Lack of momentum to punch through structure high H4 highest volume bar is not breaching the Fri high. Sign of weakness Am looking for confirmation to go SHORT DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do...

OFPA_FX

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 use of or reliance on such information. PRICE ACTION only tell half the story. The...

OFPA_FX

Will be looking for confirmation to go LONG for Bullish reversal 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 use of or...

OFPA_FX

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 use of or reliance on such information. PRICE ACTION only tell half the story. The...

OFPA_FX

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 use of or reliance on such information. PRICE ACTION only tell half the story. The...