This area of 2,437-2,440 is a solid area of support & resistance that is being maintained currently but may be broken come next week market open. Price retested 2,417 which coincedently retraced to the 50% fib and took out both tps on the fib.Price closing above 2,447 can result to a push to 2,455.A rejection of 2,440 will see price target 2,420 & 2,410.
Price is looking to make new lows and when price breaks a zone price action says its looking to reach the next zone of supply/demand. With a new lower high being made will lead to next zone possible being reach by the end of next week.check daily and 4hr tf for direction
Looked like forming lower high on 4hr TF as well as great momentum on 1min.-5 min. TFs to bounce off the trendline.Need momentum on 1hr candle to be strong for the break and retest off support to reach new low on lower TF. Other confluences are on screen.
Price is looking to make its monthly High and that just happens to be the next Take profit level for this trade. Price will be headed there in the nex 1-3 trading days and this trade will only be valid if supports hold if not we will buy at next arrow point and structural level. Buys are valid for this area.
Currently AUDJPY has been making strides to break the 83.200-300 area and has finally gained enough momentum to push through this area. Accumlataion took place at 83.090 and its looks to be a push following. The goal is to officially break this area on the 4hr and 1hr clearly so buyers can continue to up. I entered early at 83.320 and would tell others to look to...
Arrows show areas of interest and structure is looking to create a higher high then a higher low will also need to be formed. Bullish on 4HR timeframe look to re-enter on higher lows.
Red Arrows are potential sell setup areas. Blue Arrows are potential buy setups. used Fibonacci for both bias and higher time frame correlation. Focus on rejection or break of areas to know bias.
We have reached the Daily Supply Zone and with the buyers taking control recently we can see to have either a strong sellers reaction, sideways struggle, or break of Zone possible retest and continuation. If the 30 min. trades bullish over the arrow I will look for more buys. Rejection can very well happen all the way to support so watch what price is indicating ....
Audjpy has recently dropped 200+ pips in the last few days showing sellers momentum has taken control in the short term. We have hit a weekly resistance so that can be seen as a reaction to the that. There havent beeen any clean retest on the higher TFs so the momentum is strong. As of now I see AJ currently forming a lower high on the H4 and H6. Price has an...
Price has formed a high and a higher low on the 4HR and is looking to create more structure whether it be highs or lows. Price has also respected the golden zone on the fib and also respecting the trendlines uptrend movement. Gold has been pushing upward showing strong bullish momentum in the past few days. This can be a higher timeframe retrace to continue...
Audjpy seemed to be stuck in a range but now looks to potentially break out of it. 5 confluences for this trade and any more I take are 1-Price has formed a higher low within range 2-Price respected .50 and .618 fib levels 3-Buyers have full control on 4hr. 4-Price has collected liquidity on lower timeframes(Retest) 5-(Bad)News of JPY has helped push price in the...
The markets have been questionable these past few days but there were many opportunities for intraday traders to grab some pips. Now I can see a very good opportunity for Price to push higher and fill the Weekly wick formed. The 4HR has formed a higher low and also retested a broken resistance point which in turn respected the .618% on the fib. This tells me price...