allan_mwenja2000

allan_mwenja2000

Currently looking at US30 shorts. Here's why: - Three pin pattern on the daily and hence price will break the previous day's low. - Waiting for a head and shoulder formation on the 4H at 38530. - Once price retests, I am looking to sell

allan_mwenja2000

I do not have a setup or an entry but overall hypothesis is short. Here is why; - The monthly is bearish since it has formed a lower low setup. - The monthly also broke a supportive handle at 1.89500. Using the fib, we know that overall targets are at 1.8565. - No weekly bias - Price on the daily and 4h timeframe is looking for a region where it will collect...

allan_mwenja2000

I do not have an entry as of now but every timeframe is indicating that GBPJPY will go short. Here's why; - The monthly timeframe will likely close in a 3 pin pattern showing downside momentum. - The monthly candlestick closed below a supportive level which I can see through the body closure at 182.20 that seemed to have held price for 5 months - The weekly has...

allan_mwenja2000 Updated 

Here's why; Price has not reached the monthly target of 36700. With that in mind I am aware that all price is doing is collecting orders before moving up. The weekly had such a strong bullish close. This indicates that price is only going to go up from then on. Price closed above the daily region of 36067 and retested it twice. On the 4 hour timeframe, there is a...

allan_mwenja2000 Updated 

Here's why; - 189.5 monthly targets not yet reached - Since the monthly target's are not yet achieved, all price is doing is going to areas of liquidity to collect orders before the uproar. - Major daily level has been tested at 185.15. - There is also an M formation on the daily formation and it is yet to be retested. - All the confluences are pointing...

allan_mwenja2000 Updated 

There are numerous reasons why US30 is going long. Here's why; - Monthly target of 36700 not yet achieved. - Since the monthly target is not achieved yet, all price is doing is collecting orders before the uproar begins. - Strong bullish weekly closure. - From past experience I know that the previous day candle stick closure indicates that price is bullish. -...

allan_mwenja2000 Updated 

There are numerous confluences that indicate that the pair may be going long Here's why; - Price is at a major weekly support level - There is an M formation and hence we are waiting for the restest of the neckline at 1.9125 - There is a strong closure break out candle on the 4h. It has broken past 1.9020 which is a major liquidity level. I am waiting for a retest...

allan_mwenja2000 Updated 

I am currently monitoring sells on GBPAUD. There are many confluences that support my thesis. - Price closed back down on the monthly 1.9200 level. - Double top on the weekly - Price formed a bearish setup (lower low) on the daily timeframe and it didn't hit the -27.2 fib level. - It has retested a major daily level on the daily level and a rush of bearish...

allan_mwenja2000 Updated 

I do not have a pin point entry for GBPJPY longs but all the timeframes are suggesting that price is gonna explode to 183.5 Here's why: - Monthly targets of 183.5 have not been achieved. - The previous week's candle closure was extremely bullish - So price is looking for a liquidity zone to collect orders before the uproar - There is a retracement on the daily...