Gold has been hit pretty hard by the rise of dollar since a couple of weeks.
It broke the ascending trendline it was in since november violently, without retesting it, falling like a rock all the way to the 1800s. But now could be the time for a little push up. It could either be a retracement if gold wants to print a downtrend, in what case we would go up to...
The USDCAD market has exhibited bullish order flow starting from January 30th at a price level of 1.32998, reaching a peak of 1.34709 on January 31st. However, a pullback was observed subsequent to the upward move, as price retraced to the H4 and M15 demand zones. The potential for a rally to the upside exists if these double demand zones hold. It should be noted...
Powerful move by EURUSD since the rapid rally of OCT. EURUSD has also form a SNR (gold as well) giving a nice resistance - support nd support(entry).
cons are that the price might fall further as it has almost broke previous Large SNR created in forming HHs
A magnificient move by GOLD since OCT, it has shown great effort in giving bull vibes along with other pairs in contrary of dollar index drop. Now the price has form a SNR by a strong support point that is getting reject from sellers, we have to give in a try as well it favors for the orderflow
cons are the price may fall as it gets rejected from the sellers on...
NZDCHF has made a huge success in bullish run since october as well. Now NZD has a bullish record but for CHF it is also bullish which could push NZD down. Upon Tom GDP news event
Cons are this scenrio did also happen long 4 to 5 months ago but the snr was not quite fixed and now again here, but the SNR seems proper.
also, the 1D candles shows bearish candle has...
AUDCAD has bullish orderflow. Price has retrace in late new york session which indicates shift of movement in start of asian session. price has also steped in single support then resistance and now support-Entry.
cons are the price has just came from a rally 2 days ago and there is a close to huge bearish candles forming over the 2 days
Personally, I aspect CHFJPY will go to the moon (for short term). This is because currenly price rejected the Drop Base Rally (4 Hours). I also aspect market might to do a potential Support Become Resistance and continue it’s downtrend until QM (4 Hours). Incase market break the potential SBR, it would go bull until Resistance (D1).
Price overall is bullish on 4H and 1H and now the week ended with the price being on top spot of SNR. its a risky trade as the 4H scenario is bullish and the the SNR level in 15M is quite weak
I spot a divergence on 5M outlook, which then price seem to reject as well giving to a possible orderblock entry and as well as a minor SNR level could be into play as well.
Although the SNR level is not so much clean but to stand more chance is the Divergence as the dominant Reason.
Cons are the price is overall bullish and has just returned from mitigating a...
Its more of a resistance + Orderblock entry than simple SNR. regarding on the sport where the price intially was held as a support and then broke without minor reaction and become a major resistance on the first push leg and now its no the second where the price has mitigated on the previously broken resistance.
there are no cons right now except for a bullish...
NZDCHF on the first day of second week in the first month of 2023, spotted a SNR level. where the price was support initially and then become resistence on the breakout marking out 4 strong rejections and breaking on the fifth one.
this entry will be on the first level of support becoming zone.
cons are price too shaggy and might not hold that zone but could...
AUDCAD after breaking quite strong resistance in a contraction phase seem to form reasonable CHoCH, which then has also formed a rejected orderblock demand zone. Now we have to see supporting the bullish orderflow will it take on to the mitigation and will buyers fill enough to push the price.
Price could also give a SNR scenario if price keeps onto the first orderblock
AUDCHF is showing an interesting point where price has broke structure as support and price reached as pull back to retest zone. Reason on why i think it will become a resistence zone
It has shown minor rejections on the small TF
Divergence trend had begun on the BOS. Now i think it will continue (After the pull back)
Reasons why I doubt it it's...
