Using Structural Trading Analysis, I'd like to see price break its support and speculate 4hr time frame price action to find a reason to enter this bearish continuation.
Price has reached and ranged at Resistance and continued to show that Buyers are going to be able to break above this time, price then showed our first impulsive leg. After an impulse we wait for a correction, our most ideal and picture perfect entry would be at the 38% matched with whats our new resistance but I do see how price can retrace to the 61.8 % faking...
While price accumulates at and around our liquidity zone where price enters to find momentum and captures buyers to push price up. Price is consolidating in a parallel channel where I see price finished an AB=CD pattern. This is a complex retracement preparing price for an impulsive wave, this is a very good area for an optimal Long Order with price invalidation...
Focusing on our most reliable way of identifying market impulses, we found great reason to enter long after carefully analyzing market structure through Elliot (Triangle) Wave Analysis. After completing our last ABC correction pattern, we find price re-testing local support, showing us in lower timeframes a double bottom at our channels support level. Entering Long.
With price both respecting our fibonacci levels and our major ascending channel support level. I see price continuing to push higher, optimal risk-reward to go long.
I'm allowing price to make itself down to support since price action has shown a great bearish continuation down with a Daily 3 Bearish Soldiers. I look for set ups with a minimal risk with huge reward which would be to let price range at our area of structure then to look for a Long Reversal.
I'd like to see price break local support and continue to break below and reach support.
Continuing to Short USDHUF, I believe through historical data that price will continue its ways to the downside.
I'm more Bullish Bias'd than Bearish but always am prepared to adapt to market momentum. GBPCAD/GBPUSD Share a very strong correlation, there's a channel cross over which can be a little confusing if not understood properly. The aggressive but proper buy enter would've been the D leg in the AB=CD Pattern (Complex) but because price is in an area where price can...
Monthly Confluence is telling me are indeed in a Bullish Market. We have a Bullish Pennant located right at the 61.8% Retracement which institutions do on purpose right at market closure so participants can pretty much gamble their money with either going long or short. For me to enter Long i'd like to price to show me an indefinite buyer market breaking above...
Price action in higher volume measurements is respecting both our Support and Resistance in our Channel, I'd like to see this pair complete its AB=CD Pattern with Price Action showing a clear rejection at the .78% Fibonacci Retracement, calculating final targets would be at the very bottom almost hitting support before price reverses and turns into a bullish market.
Waiting for price to break both the Head and Shoulders Pattern and more Importantly the Ascending Channel, this Advanced pattern is invalid if price doesn't continue to break below this Parallel Channel. There's a chance price can Respect its channel and the market will Reverse Bullish, that is why it is so important we let price work its course and we will enter...
Waiting for Completion of Exhaustion as price rises enough to locate itself in a Key Swap Level where Sellers can come in and distribute price down.
Price is in need of an exhaustion after the Aussie produced its impulsive break below.
It is hard to predict a short position when you have no more access to higher levels of structure since the Dow is creating new historical levels of resistance. It's only right to make predictions of this pair using its ascending channel that seems to be respected throughout this process rising higher and higher. My best bet is to see what price does at the...