sosaxbrodie

sosaxbrodie

GBP/CAD is currently testing a resistance and round psychological zone 1.84996 - 1.85000, which has acted as a strong supply area in previous attempts. The pair has repeatedly failed to break above this zone, showing clear signs of bearish rejection via wicks and bearish engulfing candles. Key Confluences for a Sell Setup: • Resistance Zone: Price is...

sosaxbrodie

I'm looking at a potential short opportunity on CAD/CHF as price approaches a key daily supply zone, which was previously a demand zone. The pair has been in a broader downtrend followed by a consolidation that went of for weeks, and with the recent break of structure, I anticipate a rejection from this area. My alert is set for when price reaches the supply zone...

sosaxbrodie

A heads and shoulders pattern signaling reversal, a transition from bullish to bearish. REJECTION POINT Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels: The retest of the neckline. The psychological round number (1.80000) The EMA 50 acting as dynamic resistance. If the price is rejected here, the market is likely...

sosaxbrodie

After Monday's steep drop, the price of gold began a correction, reaching as high as 2643 before resuming its decline. However, gold found support around 2620 and started recovering again to the upside. Price action now appears to be pulling into the fair value gap that was formed when market broke and closed below 2668. A bearish continuation, suggesting that the...