USDCHF HAS BEEN ON A STRONG DOWNTREND THE PAST COUPLE OF MONTHS, AFTER SOME AGGRESSIVE RETRACEMENT PRICE IS NOW SITTING AT A KEY SUPPLY/DEMAND ZONE AND IS LOOKING TO FORM A DOUBLE TOP, I'M LOOKING FOR SIGNS OF REJECTION BEFORE ENTRY, GREAT RR SETUP.
EURUSD HAS CAME INTO A VERY WELL RESPECTED SUPPLY/DEMAND ZONE AS OF LATE, I AM LOOKING FOR STRONG PRICE ACTION ON 4HR TIMEFRAME OR HIGHER TO CONFIRM ENTRY. I CAN SEE THIS RALLYING TO FORM THE RIGHT SHOULDER IF WE DO TURN BULLISH, GREAT RR LETS SEE WHAT HAPPENS!
eur usd has come into demand zone and has respected the 1 hr demand lines as well. Looking for entry points to go long.
Also if you guys think this is helpful, please let me know in the comments and I'll try to analyse more pairs as frequent as I can.
AFTER A PREVIOUS SUCESSFULL TRADE WITH THIS PAIR PRICE HAS NOW CAME INTO THE AREA FOR LONG POSITIONS TO BE TAKEN, ONLY A RELATIVELY SMALL SL NEEDED FOR A GOOD SETUP, PRICE ACTION ON LAST DAILY CANDLE FINISHED STRONG SO I HAVE ENTERED. I HAVE MARKED TWO TARGETS WHICH I WILL BE LOOKING TO HIT, I CAN SEE THE RIGHT SHOULDER FORMING WHICH WOULD BE GREAT.
Expecting chi to gain strength across the board for this week and the next. looking to short xxxchf pairs from current daily supply zones.
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PRICE ACTION IS CURRENTLY BOUNCING BETWEEN A TRADING RANGE ( 2 HIGHLIGHTED AREAS ON THE CHART) I SEE THIS PAIR MAKING YET ANOTHER MOVE TO THE DOWNSIDE, A H&S PATTERN HAS FOFRMED ON THE 1 HR WHICH IS WHY THE SL IS WHERE IT IS (PRECISE ENTRY) ALTERNATIVELY CAN LOOK FOR SL ABOVE RIGHT SHOULDER FOR LOWER RR TRADE.
HERE IS MY VIEWPOINT ON EURJPY, I'D IDEALLY LIKE THE PAIR TO HAVE A SMALL CORRECTION UPWARDS TO RETEST THE ASCENDING CHANNEL LOWER TL AND THEN HAVE A SIGNIFICANT RETRACEMENT DOWNWARDS, PREVIOUS STRUCTURE WAS A TRIPPLE TOP SO THE VIEWPOINT SHULD BE BEARISH. AS ALWAYS WILL BE LOOKING FOR PRICE ACTION CONFIRMATION ON 4HR TIMEFRAME +
PRICE ACTION IS CURRENTLY CONSOLIDATING AROUND A POTENTIAL ENTRY POINT FOR A SHORT POSITION, AS YOU CAN SEE PRICE ACTION BROKE THE ASCENDING TRENDLINE AND HAS CAME BACK TO RETEST, THIS COULD BE A CORRECTIVE WAVE AND WE ARE NOW JUST LOOKING FOR FURTHER PRICE ACTION CONFIRMATIONS BEFORE FOLLOWING THE ANALYSIS.
NZDCHF HAS CAME INTO A KEY SUPPLY/DEMAND AREA, I WILL BE LOOKING TO GO LONG. GOOD RR FOR THIS SETUP, JUST WAITING FOR PRICE ACTION CONFIRMATION ON 4HR TIMEFRAME AND ABOVE, WOULD BE IDEAL TO SEE DAILY FINISH AS CURRENT.
Looking at a bearish bias to take GBPUSD down to near 1.28000. Daily Fib reaction on the 618 and again on the 4hr fib. If zone and trend line breaks we can expect a bearish run downwards. Also considering UK leaving the EU on the 31st of January, this could help us move downwards towards our target.
The local correction is formed as a triangle. According to out forecast we reckon the formation of the final local impulse and further leaving to mid-term correction.
After its formation the phase of growth will continue with renewed strength.
(Considered coins are LTC,ETH,EOS,XRP,ETC,NEO,XMR,OMG,DASH,SAN,IOT)
The entry points for ETH, EOS and LTC...