The market is retesting a previous level of resistance which was broken and now being tested as support. We also have our fib providing us with the 61% FIB rejection as a second confirmation. I am aiming to target the next level high which is the most recent high.
*Previous HIGHER LOW was broken indicating the market wants to go lower *Black zone has strong candles showing momentum from the sellers in that area *Waiting to see how the market reacts in the untested black level before selling The market was making HIGHER HIGHS, HIGHER LOWS telling me we are in an uptrend, but one main thing to look out for is BOS (breaks of...
Gold is in a major up-trend right now it only makes sense to look for gold buys. There is a 15 Min ORDER BLOCK price is at right now. The market can possibly reject this order block and use go down to retest the previous resistance as support. Once the price has approached the previous resistance as a support zone, we must wait and look for rejection to confirm...
CONFIRMATIONS! - Market pushed up significantly from the untested support level marked - Market has broken a Lower Low, Lower High downtrend I'm expecting the market to come down to the untested level of support and find some kind of support there. When price comes to that level I'm going to look for some rejections letting me know that the sellers are out of...
* LQ WAS TAKEN OUT FROM BUYERS BUYING THE PINK ZONE SUPPORT TOUCHES MARKET WENT BELOW THE PINK ZONE TO HUNT THE STOPS CONFIRMING BUYERS ARE OUT MARKET HAS TWO POTENTIAL UNTESTED LEVELS IT CAN COME TO AND BUY UP Overall CAD/CHF longs, for now, the buyers are stopped out and sellers are being manipulated from this LIQ grab.
EUR/NZD has been in a really steep uptrend for a couple days now, We found some resistance at 1,77684 are where price seems to be rejecting to push higher. I have a range made from 1.77810 to 1.77570. If we can break the range and retest it as support we can look for a bullish continuation for about 176 pips. If we break 1.76597 (purple line) resistance than we...
I am looking at GJ sells for now. Price is reacting to a strong level of daily previous tested resistance. GBP is pretty strong for now but if we can get some GBP weakness price should have no problem pushing lower. If these next few candles close below this Resistance level there will be a double top reversal pattern formed so we could see some shorting...
Eur Usd has been ranging recently. After the break of the range it tested last years high before finding some resistance and dropping. There could be a possible range from support to resistance before it drops down.
i am looking at USDCAD shorts. Yesterday we had a really weak US dollar because the economy is still pretty weak. Assuming yesterdays US dollar was weak There is some non high impact news being released in a few minutes we also have to take in consideration. On a technical side USD has been dumping for a while now and price found some support *in my grey box* It...
GBP/AUD has been in a downtrend for some time now. We found some support where we finally saw some bullish pressure, We also had trend line being respected but we eventually had a break of that trend line. After we had the trend line break we also had the retest and the retest was successful with a huge rejection. If we can break the grey zone of support because...
USD/CHF has been moving from support to resistance. There is no type of trend right now because it is simply moving from the floors to the ceilings (support to resistance) Right now USD/CHF is at a major level of support where we saw some nice impulsive moves to the upside. However we did see a fake out where price closed below the support level. So to avoid...
For GBP/USD Currently the market does not have any clear trend but if we look at market structure it is making higher highs and higher lows. However we did find some resistance at my (grey zone) where price looks like it is going to retest. If that grey zone of resistance can hold than we have a chance if making a triple top which is a strong bearish pattern. My...
For EUR/JPY price has been making higher highs and higher lows but it found some support and resistance where it started to range between the two black lines. If price can break my range resistance with some bullish momentum I will be expecting that range resistance to become support which price will use that level as a push. If we can break that level of...
NZDCAD retested 0.88677 price point which has been rejected on the daily time frame in the past multiple times. As you can see when it approaches the that level we had a clear rejection showing depletion from bullish momentum. It is also respecting an upwards trend line which I am expecting for price to break and retest. If that happened that, that will be our...