ON the daily TimeFrame after the engulfine bar, we ended with a bullish candle with a long upper (which is a pattern that comes nearly everytime in the market), and after this pattern we should expect to see the market going to fill the wick of the previous candle. On the 4H time frame, after the outbreak of the trendline, we see the market coming back for a clear...
ON the monthly Time frame, we see that the market was rejected to the upside after making a retracement. And it is important to note that level was a nonetheless perfect spot for that retracement because it aligns with the 38.2 fib level. The situation is more interesting on the weekly because, after breaking the demand area created on the weekly we saw that the...
On the monthly Time frame the market has created a demand area, and after the demand area, we might expect the market to go to the next level of Resistance (Monthly resistance) and that is what the market is doing. ON the weekly, the last candle has not come to an end, but we can see that it has broke a resistance level, and by the way we might see the present...
We find our self in a little situation that will require us to wait and be extremely cautious before launching any trade. I will explain in details in my analysis below. In the monthly time frame, we see that the market made a very huge move to the downside, and then normally we might expect a retracement to continue the move to the downside. But instead we saw...
From a top down analysis, we see market has made an equal high to the same high previously made. And when we see that we can expect the market to make a retracement to complete the reverse Head and Shoulders pattern, for the continuation to the upside. It is interesting to note when we use the 38.2% fibs, we see that it is in confluence to a level in the...
We have a very interesting situation on AUDCAD. From a to down analysis, we see that in the monthly, the market has just made and equal high to the previous high. And when that is done, we need to expect a little retracement to complete a very important pattern (SHS). And also price is at a monthly resistance level, and that merit our attention. Coming down on the...
In this pair we have a very interesting situation. On the Monthly time frame we see that price is actually kissing a Trend line that has been rejecting price. The situation is more interesting than it seems because there is a very huge confluence there. And the confluence is as followed: Price is a major Trend line Showing signs of rejection because of a...
After breaking higher highs, we can see that the market is set to make a change of direction in trend. That is because of the Bearish engulfing bar present which is very powerful candlestick pattern. Coming back to the Daily Time Frame, we can see that price has broken a demand area which was acting as support and now is in verge of a retest to that area...
From a TOP DOWN ANALYSIS, price was strongly rejected by a monthly resistance. ON the weekly it all makes sense because, we after breaking a resistance, it is coming back to test to resistance which might turn into support. And that area is a really a good area, because it is aligning between the 61.8 and 78.6 fib, with price currently rejecting at the 61.8...
After a very long rally, price is at a very strong weekly resistant level which has rejected price lot of times. So it is normal for us also to expect a rejection on that zone until the other wise is proven. On the weekly we saw that the market has created a demand area before making the huge move to the upside. In fact we will not expect the market to come down...
The Daily candle closed bullish but with a long wick. And that is a pattern that has been repeating itself in the market, we ever we see that pattern, we need to expect the following candle to fill in at lest the wick of the previous candle. Coming back on the 4H time frame, we see that price or the market is consolidating (Descending channel). When ever we see...
After a top down analysis, we might be expecting this market to continue its movement to the upside. But on the lower time frame we notice that it is on a consolidation phase. We are going to be perfectly waiting a breakout and wait for more or less a retest in order that the previous resistance might be turned it to support and then we can can long the market to...
On the Daily time frame it is important to note that the market has broken the support and turned into resistance by testing it. On the 240 min Time frame, we see that we have a very nice opportunity to go to the downside. Fundermentaly speaking NZD has being bought by the big guys in the market, But in the short term, there is a slight decrease according the last...
From the monthly time frame to the Daily TF, we noted an upside movement and on the 4H we saw that GBPJPY just broke out of a consolidating movement to the upside, followed by a minor consolidation. This is very important to state because it means that from a Top down perspective everything is in confluence and also by the way, according to the last report...
We can see that price is a monthly resistance, and in the past days it showed a little retracement that ended up in the 23.6 fibs, indicating that maybe price my want to go and hunt traders SLs for more liquidity..Even though according to the COT Data, institutions are longing GBP, we can not undermined the fact also that JPY in the short term has also gain in...
As Institutions opened 7K short and only 1K long, it is wise of us to be very observant and wait to see what the market is intended on doing. It will be best for us to wait for the price to hit the major trendline before trying to make buys. Any attempt to buy at this point will be very risky, cause we might be longing in the middle of no where and to, we are in...
After creating a demand area, we clearly see that the market has come back for a retest on that area, which means we need to start looking for longing opportunities. It is also very important to note that following the COT Data, Big institutions are closing their longs and opening shorts on the ZAR . If on the lower time frame H4 we are going to see a shift from...
After creating a demand area, we clearly see that the market has come back for a retest on that area, which means we need to start looking for longing opportunities. It is also very important to note that following the COT Data, Big institutions are closing their longs and opening shorts on the ZAR . If on the lower time frame we are going to see a shift from a...