Opening Rush Takes out Sellers and creates new all time High Quick Pullback has traders Sceptical of Direction Weak Liquidation attempt adds more early buyers to the pool Next move is a Structural attempt to break most recent consolidation high ( a failed attempt at the FVG or structural high signifies another liquidation attempt) Possible...
Counter trend trade : Slight correction expected after a beautiful drop in Gold yesterday, Possible to hit the previous lowest low on the daily or 4Hr timeframe (marked with a simple line for possible rejection) or price could easily break the current lower low (might occur just before 14:30 sast - news - normally 30 min before news) This is Biased in my...
Price bouncing from daily 61.8 fib level (also bouncing from price gap of 28 Feb 22) Bearish Candlestick confirmation on Daily Trendline break of 4hr (with Momentum candlestick confirmation) Notes: A bounce from zone 1.02565 is expected before a potential entry point
Monthly In Correction Market conditions Attempting to create 2nd swing level for a bullish flag/ double top Weekly Broken monthly 61.8 fib level Just broke 118.619 level (with momentum candle) Daily Ascending triangle broken @ top line Possible correction about to begin 4HR Not Enough Info 1HR Ascending wedge formed Notes: Not Enough Info A possible daily...
A Very interesting pair with multiple possibilities all leading the same way and only one signifying a big change in overall trend. Daily Price @ Lower Trendline, Near Daily OB Market conditions signifies consolidation/ranging (Loss in Momentum to the downside / building up momentum to the downside) Lowest Low holding 4HR Descending triangle broken @ top...
AudCad Looks to be in an uptrend on 1hr and 4hr, trendline break & retest entry just occurred with bullish candlestick confirmations.
Monthly Double Top Shooting star Candlestick confirmation Weekly (Same as Monthly) warning - Did not close below 38.2 Fib Level 4HR Head & Shoulders Pattern 1HR Descending channel with a 3rd Touch to top channel 15Min Descending channel NOTES: Possible short entry (15 Min) if price retests closest resistance (Minimize Risk), watch out for possible bounce...