22nd of april audchf rejected weekly zone.price rejected weekly zone and has been a consolidation period, don't think price will break resistance because buying pressure is slowing down at the moment. Waiting for price to break rectangle.
Zone
AUDUSD - Daily Supply and Demand OutlookCurrently price is approaching a nice supply level at 0.72263 with no clear and strong demand level below (besides that obvious spike). So short trades around that level on lower timeframe supply zones might be a great opportunity to join the main trend of the market. Targets could be all the way down to the most recent support level around 0.7055.
Good trading everyone!!
GBPUSD - 1H Supply Level to Get Into the Main TrendThere is a really nice Supply level above current price at 1.3108 to get in the direction of the Daily trend (bearish). Stops could be just above the level and there are several take profit levels for 2R, 3R and 4R trades.
Good trading to everyone!
GBPUSD - Daily Supply and Demand OutlookPrice is currently in a downtrend on the Daily timeframe, shown by the lower highs and lower lows. Also, price has bounced from the Supply level at 1.33773 and is in the middle of the curve until the next Demand level below at 1.28453.
We could take a look at lower timeframes and find supply zones to take short trades, as the odds are on that side.
EURUSD - 1H Supply and Demand OutlookLooking to take advantage of small profits from the demand levels below, however, we are currently in the middle of the Daily curve, so we should be cautious with either taking supply or demand levels. The supply level at 1.1316 has not been taken out yet, however, there is some divergence from oscillators so I expect price to touch the demand levels below soon.
See the Daily outlook for more details on the higher timeframe.
EURUSD - Current Price OutlookThis pair is currently trading in the middle of the Supply and Demand curve on the Daily timeframe. Based on structure, the bias is bearish, however, the Demand zone at 1.1195 is in control, so overall entries on lower timeframes should be cautiously bearish. Let's see how this pair develops for the rest of the week. If price manages to go higher in the curve, I think we might have a very nice trade on lower timeframes supply levels.
NZD/USD RANGETechnical analysis
*-Downtrend with lower lows and lower highs
*-Downtrend is over after price entered the range making double tops
*-Waiting to see any candlestick pattern(Doji, shooting star, engulfing etc.) if the retest happens
I'm not gonna jump on this trade until I see a retest of the 0.67750 level. Then I'm shorting this pair until 0.67200 level is met
EUR/JPY SHORT & BEAR PLAY EUR/JPY still looks bearish on the bigger TFs like the Daily and weekly after the breakout of the ascending trendline and retest, however price is creating a similar ascending channel on the 4 hr TF with a final leg of the impulse wave setting up a completion in confluence with the resistance zone and 200 ema. Price could go either way but I would prefer to see price play out the short possibility of a break & retest of the ascending trendline and see price head back to the downside for a new lower low on the daily timeframe if we see price below the 123.600 zone. It's worth to note EJ is creating LH & LL on the daily TF.
GBPJPY LONG!GBPJPY previous day close was bullish, ongoing Brexit fiasco has provided this pair to go bullish. If the pair can break above H4 resistance then it should continue to head towards daily supply zone.
USDCAD Sell opportunity !!Hello Traders, This pair respected the Green area/selling zone previously.. Go ahead and sell but use correct risk management. Good luck !!
GOLD - Weekly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself.
Comments
As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50 EMA wave and bounced to the upside. Considering the amount of deceleration looking left when we previously approached the upper level of the zone, and comparing that current price conditions, I foresee more upwards pressure this week in the form of consolidation. Monthly swings take much longer to develop and turn around than that say on of the Daily time horizon.
If I am to get short on GOLD it will be after a push to the upside into the 1330 region, or below the 1280 level. The only problem with getting short below 1280 is we'd be trading directly into the 20/50 EMA wave (which is a big negative trade confluence). This is an unnecessary risk in my opinion.
Key Note
Taking a short at the top of the range has less risk than shorting closer to the median / Weekly mid-level of the range.
GOLD - Monthly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself.
Comments
The Monthly timeframe has a clear to identify trading zone from 1330 - 1180 region. Alone this isn't enough to form a thesis for the direction of GOLD in my opinion due to the level of acceleration into the resistance zone of 1330's. Looking left you can see a clean sell-off followed by a decisive buyers rally. This tells me there's interest in buying GOLD which could see prices near the highs before a fall back down to the bottom of the range.
Looking at the candlestick formation at the top of the zone, we have a nice high test candle which stands out from the rest of the price action looking left. I would like to see more deceleration though before trading GOLD to the downside.
The current month hasn't come to an end yet, so the most recent Monthly candle cannot be considered complete.
Key Note
During a ranging market, the EMA's will trade sideways and cannot be used with the same set of rules as during a trending market. If a range is formed on the Monthly timeframe however, a trend can exist on the lower timeframes. You need to be aware of your time horizons when considering confluences. Price always rules over indicators.
GBPJPY | Potential SellPrice action has come into large consolidation following a very heavy resistance zone. I would like to see a reversal move to the downside respecting the FiB levels too.
GBPJPY outlook (Brexit week) Looking for this to be a continuation to the downside this week. I don't really see a strong buy opportunity until price reaches this zone on the daily after price pushes through the channel floor on the daily before and price continues down to the next zone near 141.291.
4H/1H showing a setup for a pullback and continuation,
Fib levels 00- 144.318, 100- 147.286
Pullback levels
23.6- 144.689 (would confirm the trend is strong)
38,2 - 145.452
50- 145.802
61.8- 146.152
Could see price consolidate between 144.146 - 145.022, definitely some short-term plays in this area of about 87.6 pips.
Will be looking to take the short-term plays and work my way into the overall move.
With the Brexit vote this week price will likely have an over reaction and move into a new overall trend.
EURUSD - Zones to Watch this week Price has dipped into the weekly Demand zone at the 1.12000 level
There is a Supply zone on the 4hr TF at 1.13050 that could be a area to watch initially for shorts, if this level fails to hold there is Daily Supply at the 1.13600 level
GBPCAD SHORT3 days ago, I posted this great long term short opportunity and I have added short positions since. This trade may take a while to play out but tons of pips on offer and I have 4 TP (Take Profit) zones I am looking at.
Trade safe and good luck!
AUDUSDLooking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to what smart money wants to do from here.
AUDUSDLooking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to what smart money wants to do from here.
EURNZD SHORTI shared this idea in my trading group today and it looks very promising. The hourly candle which just closed looks very bearish. However, I will keep in mind any bounce from the trend line or the TP zones.
Trade safe and good luck!
XAUUSD - GOLD4HR timeframe gold - price has broken through the trend line and also a support zone, wait for price to come back up and retest as resistance.
GBPAUD - Longer Term Swing I have Identified a strong demand zone that if plays out could be a great entry for a longer term swing to the upside.
Rally Base Rally has occurred, price has come back to re test a higher zone a couple of times which for me means there is a higher probability now that price won't respect this level.
Demand zone I'm looking at is between the 1.8520 and 1.84900 level.
On the Daily Chart there is a more obvious Supply Zone formed which current price is closer too.
The Ultimate EUR shortNot everyone might agree with the long term Euro Zone bias, however for the ones that see failure - this could be the best pair ever.
ETHUSD - Little pop out could be new begining As we break through 150 we can hope to stay here and continue slow move on upside i created two targets and a buy area.
If we don't break through upside anymore we must consider buying when price will decline ... so start buying from under 130 with low volumes and get a lot more volumes when maybe a dump will make ETH 5 times cheaper :)
will watch this one
