EURUSD is in a downtrend. Still high in the curve of the new downtrend, it is possible to re-enter the trend in good zones. Two possible entry zones are @ 1.1258 and 1.1335. There is a clear exit price at 1.1130 but prices could sail lower to 1.1000 as there is no obvious demand above 1.1000. Drop @ 1.1258 EP: ~1.12580 SL: ~1.12830 TP: ~1.11300 (maybe...
With the current sell off of the Kiwi, we are approaching an area where there could be a reversal. This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal. Price may rebound between the areas marked out by yellow boxes. The sharp drops from the yellow boxes above (supply zones) tell us the pair could rebound upon returning...
On Thursday the GBPUSD broke a very important structure level around the 1.58 even handle. Since that moment I had to redo my I.P.D.E. and shift my focus from a potential short at that area, to a potential long to hop on the underlying trend. In yesterday’s update I told you guys that I was looking for a retracement and you know what it looks like we’ve got one,...
Bearish Wolfe Wave formed near SR level.
Huge imbalance causes the prices to jump through to record highs in AAPL stock from 120 to 134 in the month of February. The move was strong and decisive. The supply in that area was exhausted, leaving unfilled buy orders, willing demand. The fact that price gaps away, means that a return is likely to be profitable. The $127 area is a good target to go for. This...
This has been labelled as dreamy by some. Some people say I am stupid for thinking that Gold will ever drop to $1,000 But I just work on the charts. As you can see, the price of Gold shot away from the $1,000 price range and never looked back. It doubled in price in the next two years. It has been gradually falling since then and is now close to the price range...
This is a good opportunity to earn a good return. The strong rally from 1.07 was due to the RBNZ Interest rate news. The negative news had a bullish effect on this pair, causing a 300+ pip rally. This rally is into an area where willing sellers overwhelmed demand. Chances are, another fall is likely here. The strong move up means there is no willing demand above...
This medium-term trade is good because it happened right at the beginning of the day. This means that there was a real stack of supply at that price that wasn't filled in. Prices moving back in that would give an opportunity to sell the Pound against the Swissie again. The problem with this zone is that it is merely a continuation of the down move beforehand. So...
Bearish Wolfe Wave formed near SR level and supply area
Wolfe Wave forming near strong SR level and Demand area. Only go for long position when after price break out 1-3 line and reenter 1-3 line.
Wait for the price to break the 1-3 line and reached the 127.2% or 161.8% Fib level and reenter 1-3 line before taking a short position.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level . Only go for a long position when the price has broken the 1-3 trend line and showing reversal move.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
4hr trend seems to be showing signs of new upside momentum along with formation of good demand zones on lower timeframes. 6407 seems like a good entry to go long - with supply (several retests already) at 6565 - may offer good decent reward/risk. Large impulse seemed to be reaction to demand at 6270
Bearish Wolfe Wave formed near strong SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move.
Bullish Wolfe Wave formed near strong SR level and Supply area. Price also has reached 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move.