The pair seems to be playing around the channel... but I am taking the 4hr chart imbalances from here. For this analysis, I found a 4hr demand with a very strong rally up. Therefore, when the price retrace to this level, I will take it then as a buy.
Silver has just bounced off from a Daily supply level and it is now going downtrend. Spotted an 4-8hr supply level which could be an ideal sell level. Please don't forget to visit and subscribe to my YouTube channel for more videos. Thank you! www.youtube.com
The pair is seemingly forming an ABC pattern on the Daily time frame as the impulsive move to the downward. It is also respecting the downward channel on the bigger time frame. Meanwhile, on the 4hr chart, there is a nice supply level that has just formed which could be an ideal level to trade with. Please follow me on you tube: www.youtube.com
I am observing the price action of this pair as I am planning to sell on the 4hr supply level and also in Daily. Maybe a quick take profit would be fine for the risk management part. Please don't forget to visit my YouTube channel: www.youtube.com
Same as USDJPY, a nice sell level at the 4hr chart lingers... The steps that I was pointing out were the following: 1. Find the larger time frame direction 2. Go to 4hr to 1hr chart for the entries. Please check my YouTube channel: www.youtube.com
The pair has just bounced off from a Daily supply and I am trading an anticipation using the price action going down.
It is a surprised for me since HP started their Enterprise group. I was with HP before as a software consultant and a lot of things change since then. Nevertheles, HPE has a great opportunity for investors and traders alike. Here, I am going to take long when the price touches te Daily demand. Price action seems to be very bullish for this product.
HPQ just bounced from a weekly demand and not yet finished on its bullish trend
Double bottom appears to me very effective. This happens also in the monthly double bottoming of OIL few weeks back.
The pair just did a huge correction to the upside and faid just after Australian market closed. Right now the pair seen moving towards the level when RBA announced no change on interest rate. What does this mean? This simply mean a good month for swap traders that relies on interest rate earnings. More dump of Aussie across the board. For AUDNZD, the parity level...
USOIL is back again to retest the resistance seen in Daily tf. This major resistance has been tested several times and a breach of this level will confirm an upward momentum or uptrend that is very attractive to long term buyers.
The pair keeps trading to the upside retesting the fresh 4hr supply after NFP, but the level holds and pre-London session the pair seen failed the test and currently eyeing the nearterm target. For the the swing trade perspective, final target would be 1.40700s.
After the NFP release, the pair just dropped more than a hundred pip and found a tiny demand that formed during NY session. The demand appears to be strong at the moment and this is also lies within Daily demand that has been retested several times yet it holds strongly. This time, the pair seems no appetite to break that former daily demand and the price just...
After the release of NFP, the price hovers towards recent demand in the Daily tf. the Asian trade seems to hold the price all throughout before London session. For swing trading, a buy can be initiate from here with a limited profit to 98.08. To the downside, a fresh demands which is untested is seen at around 95.45. USD strength is seen during Asia, like USDJPY...
I will be expecting a continuous uptrend for DXY so does the other usd pairs.. EURUSD is my best bet for the follow through to continue rallying again. DXY and EURUSD just hit their 4hr levels almost together and it has a very strong impact for both.
I am awaiting copper to breakout from here then perhaps rejoining a retest to the downside. Copper is currently trading at range-bound for now and the path of least resistance for me seems to be to the downside.
A monthly supply has seen earlier after another rally to the downside occurs during the NY session. This monthly supply is the first of its kind formed since the beginning of the downtrend from the mid of last year. We will be expecting an another retest of the former monthly demand that is coming from early of 2004. Short term will be bearish for USOIL, then...