effiongrichard47

effiongrichard47

Monthly timeframe We are clearly in a downward retracement after a strong push that created the range high . I'm expecting a deeper retracement the highlighted zone/level atleast for the next impulse leg to the up side.

effiongrichard47

Price just broke structure on the 4hr TF signaling a possibility of more downside. Price is currently retracing to take out internal liquidity and resume the downside trend.

effiongrichard47

Ucad still showing signs of bullishness, although its currently in a zone that might cause some sells . Would love to see price make one more bullish push to the extreme zone above before a proper hunt for sells on lower timeframes. The extreme has equal highs just below it serving as liquidity to be fed into the orderblock above. That makes it more...

effiongrichard47

US30 has been on a downward trend for a few days, but looking at the bigger picture we can clearly see there was an impulse leg that caused a break of structure (BOS) twice and now we're currently retracing. The impulse could resume from any of the two zones, the one at the extreme being the most ideal area because it has liquidity above it. Approach the...

effiongrichard47

Price is currently hitting on a high probability supply zone that might push price down, taking out all the liquidity from the current choppy price action leg and create a new impulse. Seeing a break of structure to the downside on smaller timeframe will further cement the idea for a sell.

effiongrichard47

UCAD is been bullish for weeks to facilitate the overall swing pullback on the monthly/weekly time. Price has currently reach the overall extreme and is more likely to start breaking structures to the downside on smaller timeframe to switch bearish.

effiongrichard47

Seeing that price is currenting in a pullback phase on the weekly timeframe, we can easily expect price to resume its bullish run sometime in future.

effiongrichard47

EU presents a buying and selling opportunity that can be capitalized on this week. The buys would be counter trend for as long as price does not take out the range high. Any confirmation for sells after price takes out the PWH is very high probability. Summary of confluence: for Buys: price is currently reacting from a daily Demand zone price just broke...

effiongrichard47

Usoil has just reacted beautifully after grabbing liquidity from the previous week low, we might we looking at a possible long opportunity back to the range high. summary of confluence: PWL got taken 4hr choch

effiongrichard47

UJ is bearish overall on weekly and daily timeframes. The 4hr has broken structure to the downside giving greenlight for a possible fall in price, signaling the daily pullback is ended and the impulse phase about to start. summary of confluence: Previous week high taken price currently reacting from a daily orderblock

effiongrichard47

Price action on gold clearly still has bearish intention. Price broke structure to the downside on the 4hr and has just pulled back into the premium area of the range. While in the premium area on the 15min Timeframe, price took liquidity and broke structure to signal the overall bearish continuation. summary of confluence: 4hr bearish 15 minute bearish

effiongrichard47

Depending on what zone gets tap first I'm willing to buy or sell. However there's a high chance price taps the buy area first and rallies before the overall sell.

effiongrichard47

us30 is fully bearish. expect a continuation to the downside from that level

effiongrichard47

us30 still has a bearish sentiment especially after taking important liquidity (previous day high) in a strong move, signaling the bearish continuation in the coming week. more confluences includes:

effiongrichard47

price is within a range as price just broke structure to the downside. i'm looking for a pullback into that zone above for a short during london or newyork session

effiongrichard47

NZDCHF currently in a range. The liquidity being generated is going to act as a catalyst to drive the price down short term