The weekly timeframe outlines a bigger bearish flag pattern with already prior 3 touch confirmations followed by lower lows towards the bottom of the flag. Considering the approach towards the bottom of the channel we see a lower time frame (4hr) flag pattern which we can evaluate from the analysis I have posted above.
Trade active after the third touch...
This pair has claimed retail trader accounts since mid-2019. Traders thinking they have found the top but with Brexit talks very much a hot topic.
Price has found a bullish channel after breaking yearly highs and recently broken the midline. Previous high acting as support with S1 pivot right on top. Will wait on this level for...
Lots of people suddenly wanna BUY HIGH due to FOMO, But the motto is to Buy Low and Sell High, Price had retested a Weekly OrderBlock above that caused It to reverse and drop on Sunday, and now it continues down due to liquidity, so the motto is to simply Sell High
Entry was from the 30 min OrderBlock for LTF Entry
Overnight price action was within yesterday’s value area. Overnight high tested Wednesday’s VPOC and price came down and has taken out Asian low. With overnight VPOC just above yesterday’s.
Economic figures out earlier were worse than expected, however had little effect on price. The main driver is the US-China trade decision. All things being equal price is...
Price action played out as anticipated. It was an inside day. Overnight session appear to have just been a continuation of price action that had been disrupted by the tweets thereby creating some obfuscation of intent.
Overnight the downward action continued on good volume of about 330k contracts. VPOC established below yesterday and Tuesday’s.
I am expecting...
The first day back from a long weekend. Yesterday's trading volume was rather low as expected, since most of Europe was on holiday. Today, Tuesday, overnight session trading was confined to a narrow range of 6pts within the highs of yesterday's NY session. On open, I am expecting the price to test yesterday's highs.
Note this week heavy on Q1 earnings. Rather...
Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
We could possibly see a bearish down movement on GJ heading towards a minor support at 144.964. Price has recently bounced off a major resistance area and could be heading for a retest at the 147.721 area. we can also see the bullish trendline being broken an used as a dynamic resistance!
Awaiting for candlestick confirmation on higher timeframe!
The Tracker Detected a Short Term Demand Level
Potential move to the Upside expected
opportunity for good return on Investment
#priceaction #gbpaud #demandlevel #forex #tradingsoftware #forexsignals
ForeverFX Here With Our First Analyses; Please Be So Kind And To Give Us Some Love. Support & Resistance Levels are shown and if you place this trade I hope you enjoy, Yen news is out Thursday and it's looking positive for the interest. We are predicting a strong Yen of 2019 the year of the emerging markets! Especially when the Olympics is hosted there. That's not...