Hello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price dropped to monthly support level and after rejection started upward move to reach and test monthly resistance level. W > Price created W formation and as expect price to drop and test the neck before continuing with...
Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance and has dropped since then. We saw W formation and expected price to drop till the neck which price did and completed the formation. W > We saw M formation now and price moved up...
Hello Traders, Here is the Top-Down Analysis of AUDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price reached monthly supply zone and created W formation on its way up. Price dropped to test the neck and continued to drop further to test weekly support level. W > Price faced rejection at weekly support and moved...
Hello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market reached resistance level that had pushed price way down last time, as expected price is now moving down. We can see W formation and expect drop to test the neck. W > Price made 3 attempts to break monthly resistance...
Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 40 - 30 Sept M > Price is moving in a triangle. Price has completed W formation by dropping to test the neck. W > We can see M formation and expect price to move up to test the neck of M as our first target. We can also see W formation,...
Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 40 - 28 Sept M > Price faced rejection at monthly resistance zone and started moving downwards. Price also completed W pattern. W > Price dropped to test previous resistance now turned support and started a pullback to the upside. Price is...