AshirDanville

AshirDanville

Validated confluences 1.Daily uptrend 2.Opposing level breached by support zone 3.Profit margin 1:5 4.No supply above until 1.01000

AshirDanville

Price action has it major players around the 13230.0, Sellers are still selling after a big plummet in price. Showing signs that price action is oversold whilst price action has started it way back to the trend. Price has a high probability of turning at the highlighted zone. 1. As stated before the price is already oversold by sellers continuing to pursue the...

AshirDanville Updated 

Breaking the strong area of 1.1250, this gives us confidence as we know who's in control of the market. (Buyers). 1. Price action staying in the daily trendline gives us validation because Price is obviously capitulating to the resistance of the trendline. 2. 1.12504 Temporary resistance breached wait for minor retracement back to major support level/zone 3....

AshirDanville

Rejections from resistance zone showing big players stepped in the market in the market ready to sell, shift in sentiment came from the big drop that breached major support. Broke trend line from the two latest valleys. take profit, highlighted area has made many transactions so as price drops to this area depending if there are visible signs of a significant...

AshirDanville

Support zone validated from the rejections in the past. And breaches of opposing force. There are visible rejections from the recent points and dating back to 7/4/17. The trade has a high probability of working out because of the breach, that engulfed the opposing force. the trade has on obstruction if the price does decide to rally up from the predicted level...

AshirDanville

Price has been rallying the last couple of days to weeks, with no pockets of obstruction on the way up to the daily resistance zone. Which is a great indication that price action will work out with no drastic retracement. Straight into massive resistance on the daily timeframe. Daily support breach by red candle showing bearish strength, risk/reward is 1:10...

AshirDanville

2 trades can be taken on this pair as price trickles down to the support level/zone. 1st. (conservative) enter the trade from the daily light blue lines risking 95 pips to make the risk/reward being 1:5 which is great for a passive wealth created trade. 2nd. (aggressive) let price action can enter into the dark blues lines risking 30 pips to make the same amount...

AshirDanville Updated 

Price action on the 1/4 hour chart broke through aggressive support at the 13460 area price is going back to the origin of the big break. Price action has also breached the Bollinger band showing upcoming weakness on the pair (usdcad). 2 entry points needs to be taken into account, 1 entry will be the conservative as you can set a short order at current price with...

AshirDanville

1.Resistance turned support has been active since 2016 July with massive Rejection each time price came to the level/zone. 2. 3 times recently price action tried to breach the level but the order flow in the zone is filled with institutional order flow. 3. Price action has over been overbought so correction is needed.

AshirDanville

Price action has respected the weekly trend-line time and time again, which gives confirmation that we are going with the trend which increases the probability of this trade. (confluences) 1. Support level at 1.3333 has been extremely reliable, as this level has been playing the major role in candlestick rejection. Price action has been rejecting this line from...

AshirDanville

Price action has respected the weekly trend-line time and time again, which gives confirmation that we are going with the trend which increases the probability of this trade. (confluences) 1. Support level at 1.3333 has been extremely reliable, as this level has been playing the major role in candlestick rejection. Price action has been rejecting this line from...

AshirDanville

We can clearly see the behaviour of the novice traders, who are buying after a big rally in price. 1: major resistance valid from 2003 2: price action breaching overbought bollinger-band showing sign of buying pressure coming to an end. ratio 1:4 (rounded)

AshirDanville

1st: Price touched strong resistance, resistance has been valid from 2008 showing strength in the level. Also, price rejecting level shows major sell orders (institutional order flow) in this area which should increase validation in the confluence. 2nd: Bearish engulfing pattern at the resistance level, not the best bearish engulfing pattern. But still valid as...