couldnt make into h4 supply zone by 3 pips but got a reaction as anticipated
Top-down analysis Monthly: The price is getting selling pressure at around the monthly resistance area Daily: there is a daily demand zone just below but we have a room to arrive there H4: and it just created a H4 supply zone. TP1: 1:1 Just before h4 candle tail TP2: just before daily demand zone tradewithcan.blogspot.com.tr twitter.com
Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones. Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards. ...
We have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764) Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i...
AUDUSD may give us a buying opportunity that can emerge once in every 2 or 3 years. After selling pressure and losing value for 5, two things happened at the same time: 1- We have seen Monthly Trendline reached and had a reaction upward fomr here. 2- Also, the price managed to break above 0.7385 level and has activated monthly demand zone(0.72425-0.68270) We...
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GBPJPY is expected to sink now. There are many reason why we feel it may sink. * Abandoned baby in daily Chart . * To sink and come near 14.14 levels * Stoch RSI (3,3,14,Close) is un clear. * RSI (14,CLOSE) Is also of the view it may sink. * CCI (20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it...