EURAUD overall was in a pretty convincing correction stage. the overall market behavior was showing correction swings or pull backs so i dissected the market until i understood what was happening to then enter sells.
I decided to short UJ here as the 4H shooting star at a re-tested area was a bearish enough signal for me to go short. Price has been making Lower Highs on 4H and daily chart. The bullish candles have been forming with a lot of indecision. This entry was taken based on the 4H close, as well as the 1H presenting a strong evening star at a Evening star re-test. My...
It's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If...
AUDUSD is currently at its lowest point since breaking out of consolidation on last week. This week it may look to re-test the bottom of the range or the neckline of a confirmed double top bearish reversal pattern. However, the case, this pair is overall bearish. The big move will come from a short. I've noticed that its currently trading around the weekly support...
#Bitcoin has reacted off of the 6425 resistance level that I have been highlighting recently. And as a result, is in the process of producing a mixed signal. Broader structure favors a test of recent lows, while short term order flow may be pointing to a not so obvious change. The larger structure (recent bearish swing from 8K to 4K) should carry more weight,...
Daily candle rejected as shooting star candle at lower high. Expecting one more push down, 1st target is 1.6050 then 1.6000 possibly a bit lower, after a pull back...
This is a weekly demand zone so after one more push down we could see a bounce from the low...
