The reason for taking this trade is
1. All Timeframes are bearish
2. It is currently resisting a daily AOI zone
3. There was a strong bearish engulfing candlestick on the 2hr timeframe
4. I waited for a 15mins engulfing candlestick before entering
5. It's only wise to go with the trend cause the trend is our friend.
The reason for taking this trade is
1. All Timeframes are bearish.
2. Market has repeatedly respected the Daily AOI.
3. There was a 2hour and 4hour bearish engulfing candlestick around the daily AOI.
4. We waited for a 15min engulfing candlestick to enter.
Its advisable to go with the trend.
The reason we are bearish is simple.
1. All Timeframes are bearish, from the weekly to the daily and also the 4hour.
2. There was a daily rejection on the daily AOI and also the 4hour.
3. Then we waited for the 1hour bearish engulfing candlestick.
4. It's only wise to go with the trend.
The reasons are;
1. All time frames are bullish from the weekly down to the 4hour.
2. It has failed to break the daily AOI.
3. We can see a strong 4hour bullish engulfing candle right on the daily AOI.
4. It is only right to go with the trend of the market and not against it.
The Reasons are;
All Timeframes are Bullish starting from the weekly, Daily and 4 hour.
It failed to break the daily AOI
The previous daily candle stick was BULLISH.
There was a strong BULLISH engulfing candle on the 4hour and also on the 1hour right above the AOI.
Gbpaud has a 80% possibility of going short and the reason for these are
1. Its failing to push above the daily AOI
2. All of the time frames are bearish starting from the Weekly, Daily, 4hour and also the 1hour.
3. There was a strong bearish engulfing candlestick on the 1hour timeframe.
Eurchf is going to be bearish this week, The reason for this are;
We can see it is on a weekly zone and its finding it difficult breaking the weekly AOI.
There has been multiple rejections on the Daily timeframes.
We can see a strong 4hour engulfer on the daily zone after a massive spike towards the upside.
This has a 70% possibility of going long and the reason are:
There was a strong rejection on the daily AOI
All timeframes are Bullish (Weekly, Daily and 4hour)
We can see a strong bullish Engulfer on the 4hour timeframe.
We can also see a strong Bullish Engulfer on the 30mins timeframe.
The reason I'm going short is because all Timeframes are bearish.
There was a strong rejection on the daily AOI
There was a strong bearish candlestick on the 4hour and it still hasn't being engulfed yet.
The reason I'm going long is because All of the time frames are bullish (Weekly, Daily and 4 hour).
It failed to break the Daily support.
There was a 4 hour engulfish candlestick on the Daily AOI hence making it a high probability to continue long.
The trade was taken on a Thursday (good trading day)
The reason is the Weekly, Daily and 4hour timeframes are bullish. and the previous daily candle stick rejected the daily Area of Support and turned it to a resistance.
I can also see an Engulfing bullish 4hour candlestick hence the reason I'm confident this will be a great trade no matter the outcome
The reason is the Weekly Timeframe is currently bullish so is the daily timeframe, We can also see that price is currently on a strong Daily support zone. I believe it will push further long
The reason is its bullish on the Weekly and Daily timeframes. so far the daily timeframe resistance has held it for more than 6 trading days. we see no reason to sell at this moment
