Just posting this to document AUDUSD which I was watching along with EURUSD and it ended up giving more confluences. It's moving nicely let's see if it can hit tp
Not taking this trade and haven't even thoroughly analyzed but looks good just off the eye test. The reason I'm not taking it is because I don't trade Sundays, and it's just that simple. Just posting this for a before and after.
Looking to enter on this trade soon depending if certain confluences line up but so far there are good confluences showing itself like all three timeframes in sync , at well respected zone and the fact that on the 1hour price switched structure into bullish. Just a quick analysis let's see what happens and if price give me the green light to enter
Here's a move i'm expecting on EURUSD. To continue the bearish momentum price must break back down into a lower low and then we can potentially find an entry at a new lower high.
I'm expecting price to continue bullish after a retracement back to this important zone. Some conflunences we have is most importantly the zone which has been respected previous times before. I believe this zone can hold as support but we also have a institutional number of 1.27500 which is below price and can also be used as another form of support. Price could...
Just like AUDUSD all timeframes in bearish sync and im looking for price to come up to that zone to form a lower high then give us another bearish impulse. Not to mention we do have the institutional level of 1.08000 at the zone aswell
going to post the rest of my watchlist for the week, hope it's useful to anyone who see's it. AUDUSD just looking for a new lower high to form around that zone to then push more into the downside
This pair looks to be lining up nicely for a bullish move off of that zone. All timeframes in bullish sync and also right at that institutional level of 1.37500. Once price comes down I'm expecting price to hold support and then a few other confluences and then I will be going long. If price doesn't do these things I won't take a trade.
All timeframes in sync but it isn't quite there for me in terms of confluences. We could see price move up from here off this zone though.
AUDCAD - another pair I like this week , 2 timeframes in sync looking for the 4hr to switch directions which would not only make all timeframes in sync but it could create a head and shoulders, bounce off the EMA, and be moving off of the support zone
NZDUSD - could see bullish moves on this pair aswell if price comes back to this zone. 0.61000 at the zone and all timeframes in sync aswell.
All timeframes in sync looking for a higher low to form around that zone , not to mention the institutional level of 1.27000 is nearby. Potential bullish moves could be seen on this pair
all timeframes in sync , we had the break of structure now we can potentially see a new higher low on the zone to move higher
This is artwork not chartwork , two different things. Just watch
Possible move up on NZDCAD , but before that we must see a break of structure
Move that could possibly happen on EURGBP, I think the overall momentum is bearish and price could show that by breaking its minor structure, to form a type of head and shoulders pattern for its move down
I think usdcad should continue it's bearish momentum but first must break minor structure to then form a lower high and it is at that lower high im looking to get an entry