AUDCAD formed a valid 3 confluences setup: 1- Head and Shoulders Pattern 2- Objective Trendline (in blue) 3- Divergence on MACD (in red) our trigger would be a momentum candle close below our gray neckline.
on DAILY: GBPAUD is sitting around a support zone in green so we will be looking for objective buy setups on lower timeframes. (unless price breaks it downward aggressively) on H1: GBPAUD we are waiting for a third swing to form around our upper red trendline to consider it valid and then enter on its break upward. Meanwhile, GBPAUD would be overall bearish,...
on DAILY: GBPNZD is sitting around a support zone so we will be looking for objective buy setups on lower timeframes. unless GBPNZD breaks below our support aggressively, then it would become resistance and we will be looking for objective trend-following sell setups on its retest. on M30: GBPNZD is forming an inverse head and shoulders pattern (still an idea)...
on DAILY: GBPUSD is sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes. on M30: price formed an objective trendline in red and we are still waiting for a candle close below its last swing to sell. we also have a bearish regular divergence on MACD adding more confluence to our sell setup. meanwhile, GBPUSD would...
on DAILY: GBPJPY is sitting around a strong resistance in green so we will be looking for objective sell setups on lower timeframes. on M30: GBPJPY is trading inside a red channel (not valid yet) so we are waiting for a third swing to form around it for it to be objective and then enter on its break downward. we also have a regular bearish divergence adding more...
on DAILY: AUDJPY is testing a resistance zone in blue so we will be looking for objective sell setups on lower timeframes. on M30: AUDJPY is trading inside our two red trendlines, but the lower trendline is not valid yet, so we are waiting for a third swing to form around it to consider it objective and enter on its break downward. we also have a regular bearish...
on DAILY: USDNOK is approaching a demand area in red so we will be looking for objective buy setups on lower timeframes. on M30: USDNOK is trading inside an objective channel in orange so we are waiting for a momentum candle close above the last swing that forms around our upper orange trendline to buy this pair. we also have a regular bullish divergence on MACD...
on DAILY: EURSEK is sitting around a strong support and resistance zone in blue so we will be looking for objective sell setups on lower timeframes. unless price breaks it downward aggressively, then we will be looking for objective sell setups on its retest. on H4: EURSEK formed an objective channel in red, so we are waiting for an objective break above the...
on DAILY: EURUSD is sitting inside a strong support/resistance zone in green so we will be looking for objective sell setups on lower timeframes. on M30: price is now trading inside a channel in orange so we are waiting for a third swing to form around our lower orange trendline to consider it valid and then enter on its break downward. we also have divergence...
on H1: price formed a new swing around our red trendline and broke it upward, so we could have entered a buy. on DAILY: Currently, price is retesting a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes. on M30: price formed an objective double top pattern and broke its neckline downward so we are currently...
on WEEKLY: price is overall bearish making lower lows and lower highs inside our brown channel, and it is currently sitting around our upper trendline so we will be looking for objective trend-following sell setups on lower timeframes. keeping in mind that price can still test our upper red resistance in red before going downward. on H1: price is trading inside...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
on DAILY: price is sitting around a strong supply zone so we will be looking for objective sell setups on lower timeframes. on M30: price formed an objective trendline in blue, so we are waiting for an objective break below its last swing to sell. we also have divergence on MACD adding more confluence to our sell setup.
on DAILY: price is filling our previous GAP which acts as a strong supply zone so we will be looking for objective sell setups on lower timeframes. on M30: price is forming a head and shoulders pattern, so we are waiting for the right shoulder to form and then enter after a momentum candle close below our gray neckline. we also have divergence on MACD adding...
on WEEKLY: price is trading around a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes. Keeping in mind that price can still go up to test our brown trendline to get more liquidity to be able to push downward. on M30: we are waiting for an objective below our lower orange trendline last swing standing to...
on DAILY: DAX is filling our previous GAP and it is now approaching a strong resistance in red so we will be looking for objective sell setups on lower timeframes. on H1: price is forming a new channel in red (not valid yet) so we are waiting for a new swing to form around it to consider it our last swing standing and then enter on its break downward.
on DAILY: this pair is approaching a strong support/resistance zone and round level 1.70 (in orange) so we will be looking for objective buy setups on lower timeframes. Unless price breaks it downward aggressively, then a movement till our next support in purple would be expected. on M30: price formed a double bottom pattern and an objective trendline in blue,...