This pair has been retracing for a few days now. I believe that after Wednesday's close, price is very close to reversing. The presentation of an indecision candle on top of a major support and between the 23.6% and 38.2% fib, signifies that momentum is slowing down for bears. I would wait for more bearish activity during following hours, and potentially for...
AUDUSD has been uptrending for a few days towards a very strong resistance. Price has been rejected many times in this area. Candlestick analysis suggests that price is slowing down. The candles have a lot of wicks and small bodies. However ADX suggests price is still very bullish. I will be awaiting a daily signal for a short. Anytime price is approaching a very...
Considering lower NFP data on Friday, the odds on FED pause seem to be a bit increased even though it was not quite reflected on the FEDwatch tool. However, taking the holiday into account it is not that surprising to see such a low volume happen on the NFP data release. Thus, an indecision candle formed right at the support area.
This could pose a nice...
Order BUY MPWR NASDAQ.NMS Stop 347.57 LMT 347.57 will be automatically canceled at 20230401 01:00:00 EST
MPWR daily indecision candle after earnings and moving averages cross ABC correction looks complete whether a 5 wave setup up or grind in the bull flag we should hit at least 1.2R of we clear this candle from above.
SLB weekly indecision candle pressure building nice and bearish volume exceeds bullish all the time. Had to take that one. Stop loss above local highs.
Sell Stop 110.75 LMT 110.75 GTC
Buy Limit 102.66 GTC
Buy Stop 116.93 GTC
AMZN daily indecision candle second in a row if we break lower can run into monthly support
This is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just...
After breaking higher and through an important daily resistance level, price has formed some indecision candles.
Price now sits just above the old resistance and new price flip support level after forming a daily chart inside bar.
This level looks key for where price heads next in this market.
If this level holds, we could see the resistance around 1.2200 taken...
Fresh supply to be hit before a short opportunity to take place.
We have two options for our short.
Just waiting for the confirmation. Supply and demand - all we look for.
If the zone breaks to the upside then our analysis becomes invalid.
Reason for shorting?
Fresh level
nice order block
Downtrend - this looks to be a pullback for bulls pressure.
