The week started with a consolidation after a Bullish daily candle closed the Fri before. The Bulls continue its ascent on Tue but lost momentum losing all of its gain on Wed. Price consolidated for 2 days before making an assault early Fri that breaks 2 weeks high. But a strong Bearish impulse move late Fri basically wipe out all of the gain for the week. I see...
The week started with a Bullish daily bar on Mon and the Bulls carry on its rampage through out the week but ended the week with a whimper in the form of a reverse hammer candle. What makes me take note of this inverted hammer candle is the high volume traded and the daily price close way below the value area. This to me is a sign of Bullish exhaustion. The Bulls...
After hitting the high on Mon, price pull back strongly and has been consolidating the past 3 days. After hitting the low on Tue & Wed, price immediately pull back & consolidate. There is no value added to the lower range of the week. This to me, is an indication of possible accumulation. I will be looking to buy the pull back or a daily close above Tue high,...
Last Fri, price reacted to a structure low(8th Nov 19) and closed with a Bullish Hammer candle. On Mon, price gap down, reacted to a POC(Point of Control) and closed the day with a Bullish Engulfing candle. This Bullish move took out some late frenzy selling seen on late Thu, thereby removing a potential supply zone. With this obstacle remove. I believe the Bulls...
I am seeing a potential Bearish reversal in GBPNZD. Reason been bulk of the volume are traded at the top while price close towards the lower range of the day. And this happen near a structure high. An aggressive entry will be a pull back and a rejection entry. Or a prudent approach would be a H4 closed with low volume below the order block indicated, then...
Last week see some frenzy selling by the late Bears but seem like MM (Market Maker) are happily accumulating cos we see a Bullish impulse move on Fri resulting in a Bullish Daily close. This higher closed also see an order block been removed. Thus, I am inclined to believe that Bulls is in control. I will be looking to go LONG at pull back targeting the next order...
Price hit a high of 0.7445 on Wed before losing steam with a Bearish candle seen on Thu. late Thu, Bulls launched an assault on Wed peak but closed at a QML. Early Fri see a Bearish impulse move lower from the QML. This move resulted in a H&S pattern(more obvious in H1) and broke a upward trend line drawn from previous week low to last week low prior to this...
EURCAD Bears seem a bit overstretch with a Daily Bullish candle and weekly hammer seen. I see this Bullish move as valid cos there was a build up of volume at the lower range. Moreover, the move up seem to clear whatever order block there is at the top. I will be looking to go LONG at the pull back DISCLAIMER: Any opinions, analyses discussed in this presentation...
After days of Bearish tone, we see first sign of Bullishness the weak before when there was a daily Bullish candle. But price pull back later in the week. The beginning of this week saw Bears testing the resolve of the Bulls when they revisited the proximal line. Alas, the Bears failed miserably and price made a strong Bullish push. It consolidated the second half...
The week before, we see price rejected a previous structure low and close higher with a Bullish weekly bar. Last week see a rejection of a QML. Price is coming to an apex which might mean a breakout is coming soon. I see a possible false break to the downside before a Bullish run. Will be watching this pair closely for a LONG trade DISCLAIMER: Any opinions,...
After hitting the high and closing the month of Jan 2020 there, we see price reversing all of the week gain in the first week of Feb. Very little value is added at the top in those 2 weeks. On the other hand, most of the trades are done at the lower end of the 2 weeks range as evidence in the volume profile. Thus indicating to me that price should be going lower....
For 2 weeks, price have been consolidation in a range, never getting close to testing structure low of April 2017. I will be looking for a rejection of last week low to go LONG and a Bullish D1 close to add LONG. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do not accept...
Price reacted to a Weekly DZ and close with a Bullish Weekly candle. Couple by the fact that most of the volume are traded at the top of the range which indicate to me that buyers are comfortable committing to a higher price, I am inclined to believe that market will bring the price higher in the coming week. Will be looking to buy the pull back at the H4 DZ(Black...
After setting the high of the month(Jan 2020) last Fri, it erased all its gain on Mon with a strong bearish close. This bearish move set the tone for the new week. It is further evident when we see a wick showing rejection of the proximal line yesterday. I will be looking to sell the pull back to join the Bears. DISCLAIMER: Any opinions, analyses discussed in...
Price has reached the target as analyse through my last post(). Presently, we are seeing some bullish action. But I believe that we are still on a downtrend. Will be looking for price action at the indicated QML to go SHORT. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I...
After a strong down move since the beginning of 2020, we see price reaching a BUY zone(multi months low stretching all the way to Feb 2019). Will be looking out for the Bull to be taking control to join in the LONG trade. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do...
Since the beginning of the year, price has erased most of the losses from Dec 19 swing. Presently, price has reach a zone of selling interest to me. I will be keeping a close watch for some Bearishness to join in the SHORT. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice. I do...
After gaping down from last week close, price struggle to fill the gap and has been ranging between 119.77-120.43 forming a weekly indecision in the process. With the current Wuhan crisis showing no sign of abating, I am inclined to believe that market is distributing for a strong push downward. Will be looking at the smaller time frame for a SHORT...