kingmwenja

kingmwenja

I believe that I should sit on my hands this morning Here is why; We saw a lot of bearish momentum yesterday. Price has lost its bearish momentum so far However, price is trapped between the daily regions of 38,500 and 39,125.

kingmwenja

Here is why; Monthly; Price broke a major monthly region at 1.9970 and in the process has formed a higher high which shows that price is bullish. The long term monthly targets, I believe are 2.0375 However, that is not important for intraday trades Weekly; Price broke a major region at 1.9500 and it is yet to retest that region. I believe that...

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Hello traders, here is why I believe GBPAUD is due for longs; Monthly There is a bullish setup and the next major region on the timeframe is 1.9835 Weekly Nothing worth noting Daily Bullish setup formed in the last 2 days 4 hour There is a bullish setup since there are so many levels of liquidity that have been broken. My...

kingmwenja

Hello traders, I believe that US30 is due for some buy orders to be filled. Here's why; On the weekly timeframe, price broke below a major liquidity region at 40,000 and has not retested the region. Price might collect orders at 39,215 before it retests 40,000 On the daily timeframe, there is an M formation. There are a lot of orders that have been filled...

kingmwenja

Here is why; - Price has broken major weekly and daily regions without retracing. - Today price is at a major daily level at 1.9275 - Price has tested that region then it seems to have broken below a major 4H level at 1.9255. - The next major liquidity area is at 1.9220

kingmwenja

Here is why; - Yesterday we saw massive bullish momentum and price is now in a new all time high - There are no new levels to work with hence I believe that I will have to wait to see what price will do before I act on anything

kingmwenja

Hello traders, I believe that there is potential upside for the pair and here is why: Monthly, Weekly and Daily Price broke all time highs last week, and therefore, for now it seems that there is infinite potential to the upside for the pair. 4 hour Price has formed a bullish pattern (higher high). Using the fib tool, the -27.2 target has not...

kingmwenja

Hello traders, Overall thesis long term for GBPAUD is short. However, price on the 4h timeframe has been forming higher highs indicating that price is going to collect orders t 1.9060 which is my target.

kingmwenja

Monthly; - Not much can be made of this timeframe. - June formed an inside bar which shows me indecisiveness Weekly; - There is a W formation which has not tested the neckline - Price formed a bearish candlestick the previous week. Daily; - Price broke below the previous low indicating that a bearish pattern has formed - The last two days have formed major bearish...

kingmwenja

Hello Traders; I believe that US30 is due for a very huge bearish move Here's why Monthly; Price broke all time highs and never retested the previous region. May's candlestick closure is very weak and left a long wick to the upside. The probability of the wick being filled is very low. Weekly; There is a 3 pin pattern that never closed below the...

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Daily; 38,750 is a region that has been broke and has not been tested There are long wicks being formed to the downside which tells me that price is showing bullish momentum. Moreover, Friday's candlestick closed below 38,550 which indicates to me that price is headed downwards but needs to collect orders first of all. 4 hour; Price has formed a head and shoulders...

kingmwenja

First of all, there is no clear thesis of where price is headed, however, I believe that confluences are pointing towards price heading lower Daily; Price is trapped between 38,850 and 38,550 Can expect a small rejection before price decides where it is headed to. 4 hour; Price broke above 38,720 yesterday without retesting that region. I am expecting a retest of...

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Weekly; Price has closed above 38,500 level which is massive zone of liquidity Price has formed a head and shoulder. This indicates that price is headed upwards to 39,100 which is the next daily level Daily; Price has closed above 38,500 or 38,550 which is a massive buy area. It has retested that same zone twice with two candlesticks. If you...

kingmwenja

Weekly; [/b ]Price closed above 1.9105 region which is a massive buy zone. We rested that zone last week and this week as well. This tells me that price is headed upwards Daily; Price retested 1.9100 twice and gained a rush of momentum to the upside. Yesterday we saw that price broke above the previous high of 1.9250 and formed a body closure...

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Monthly; [/b ]There is no clear thesis. Price could go up or down. Price has not retested the previous all time high. However, that is because it came across a high liquidity area on the weekly. Weekly; There are two thing worth noting on the weekly. One is that price has formed a three pin pattern which might indicate that price is headed...

kingmwenja

Monthly; Head and shoulder formation. Price has tested the shoulder at 1.8900. The thesis on the month for now is buy. The next noticeable and respected region is 1.9250 Weekly; Price collected a lot of buy orders at 1.8600 and there was a rush of momentum up to 1.9500. I can tell that the main price target was at 1.9750 and price has shown that...

kingmwenja

Weekly; Price closed above a major support region (1.9100) and retested it last week Price is therefore showing bullish momentum to the next region of 1.9290 Daily; Price closed above 1.9100 which is major liquidity region The next major liquidity region is 1.9290 Price has already collected orders from 1.9100 and I believe that it is headed to...

kingmwenja

Monthly; We had a monthly candlestick closure that is very indecisive and we cannot tell if price is headed upwards or downwards Weekly; The previous week's candlestick closed above 38,500 which is a major liquidity region The next major region is 39,100 (which is also the daily region) There is also a head and shoulders formation which indicates...