kingmwenja

kingmwenja

All timeframes are pointing towards GBPUSD going up. 3 month: Targets are at 1.3900 after price broke previous support at 1.2050 and retested it. Monthly: We can see that orders are not enough to go to 1.3900. Hence, price has gone to a region it can fill orders at 1.2500 Weekly: We can see that price formed a 3 pin pattern. I expect price to go lower before we...

kingmwenja

All timeframes point towards US30 going long. Monthly: November's candlestick engulfed October's candlestick. Price has been on a severe uptrend and does not look like it will stop. This month we have seen a minor retracement that indicates price is collecting orders before it continues going up. Weekly: We have seen a three pin pattern before price started...

kingmwenja

- Price on the 3 month timeframe is very bullish as there are consecutive higher highs. - Price on the monthly is bullish as well since August's month candlestick broke above a high. - With this in mind, we know that price is just collecting orders before we see a move upwards. - My monthly targets would be at 2.0365 - Two weeks ago, the week's candlestick broke...

kingmwenja

Here is why: - August's monthly closure was very bullish as the candlestick has left a long wick. This shows that price had collected orders from the previous weekly liquidity regions before heading upwards. - As of right now, price has broken into all time highs, which indicates that price is going higher. The weekly targets would be 42,450. - Price is very...

kingmwenja

Here is why: - On the 3 month timeframe, price has formed mini higher highs indicating that price is headed upwards. My targets for this timeframe are 2.03700 - On the daily, if you zoom in on yesterday's candlestick, you can see that price broke a high. Moreover, 1.9650 is a very strong liquidity area. Price attempted to break that area but was unable. We see...

kingmwenja

- Price has collected orders from the 40,000 region. - Today's 1 hour timeframe, seems very bullish. - I am waiting for the most opportune time to enter for longs

kingmwenja

Here is why: - Price has formed a bearish setup on the 4 hour timeframe. - Waiting on price to show signs of a bearish setup for me to enter the trade.

kingmwenja

Here is why: - There are several confluences. - The 3 month, monthly and daily timeframe are bullish. The 1 week timeframe is a bit messy and hard to analyze. - Yesterday we saw a rush of bullish momentum as stated in Monday's analysis - My targets were 1.9605. However, price has not hit my target yet. - I am currently expecting price to 1.9535 then head towards...

kingmwenja

Here is why: - I believe that US30 is due for a very strong uptrend in the near future. However, orders are not enough to take the pair to all time highs. - Hence, we saw the rush of downward momentum. - There is a bearish setup on the 4 hour timeframe and the targets are 40,583 - I am currently looking to sell the pair, but I have to wait for more confluence. -...

kingmwenja

Here is why: - The 3 month is definitely showing signs of bullish momentum, but it is a large timeframe to base intraday trades off of. - The daily is showing signs of bullish momentum. First, the previous higher high was broken and the next targets are 1. 9600. - However, orders were not enough to take price to its next target. Hence, we saw price on Wednesday...

kingmwenja

Here is why: - Price broke all time highs, therefore there is evidence of price going higher - The monthly, weekly and daily candlestick closures are showing evidence that price is definitely going higher. - On the 4 hour timeframe I can see that price has reached a major level of resistance. However, there is no convincing rejection, indicating that price is...

kingmwenja

Here is why; Weekly Price broke beneath 40,000 resistance level and price has not retested that level. We see that there is a lot of bullish momentum that has been picked up from 38,500 due to last week's candlestick closure Everything is pointing towards price going to test 40,000 Daily We see that price too a lot of buy orders from 38,500. ...

kingmwenja

Here is why; Weekly; Price went below 40,000 and never retested the region. Hence, a retest is due. Daily; There is a bullish formation of a higher high that has been formed in the last 3 days. The target for the daily timeframe is 39,750. 4 Hour; This is the time zone I am looking for my entry level. For now, I believe that the best place...

kingmwenja

I believe that GBPAUD is due for sells today. Here is why; Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders. There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future. Moreover, there is a lower low formed on the 4h timeframe...

kingmwenja

I believe that GBPAUD might go higher today, but there are no signs of it going either direction at the time of posting this. I will sit on my hands and wait for a comprehensive setup.

kingmwenja

Here is why; Daily Price broke below the region of 39100. There have been two retests. This is as of Tuesday and Wednesday Wednesday's candlestick engulfed Tuesday's candlestick to the downside. The next noticeable zone 38,500 but I expect price to go even lower. 4 hour Price has formed a massive 3 pin pattern formation which has broken below...

kingmwenja

I believe that the pair is neutral even though in the long term I am looking to buy. Reasons I am looking to buy in the long term. The 3 month and the monthly timeframe have broken above the previous notable high. This indicates that price is due to go upwards and that this massive retracement is so that price can go back and collect orders from a certain...

kingmwenja

I believe that there is no clear cut setup for US30 at the moment. A daily closure would give the best signal for what it is going to happen. However, I believe that price will go upwards long term. Here is why; - Price broke below 40,000 which is a massive weekly region with a lot of bearish momentum. - Price has not retested 40,000 and I believe we will see a...