DPA_FxKnight

DPA_FxKnight

Gold has broken my daily supportive trend line and creating the head and shoulders pattern on H4 in the process. Let's see how it plays out...

DPA_FxKnight

Patience is key. Wait for the break either way and then react accordingly when price turns bearish. DXY is currently at support and EURUSD is at resistance. Be reactive and not predictive

DPA_FxKnight

still biased to downside on this one as the higher timeframes(Monthly and Weekly) and also bearish.

DPA_FxKnight

Price in the monthly sell zone, which is a strong resistance area that has held for the past couple of months if not a year or two. Looking to scalp the on the break of that supportive trend line going short.

DPA_FxKnight

Still short on this one...all notes are on the chart

DPA_FxKnight

Waiting for price to reach 0.91345 area. A significant area on the weekly timeframe for a retest of the formed inverse head and shoulders pattern. Just an idea...

DPA_FxKnight

Waiting for price action to confirm our bearish bias on the pair.

DPA_FxKnight

Scalp trade short, and then continue long trend trade. On Bigger timeframes, the direction is towards the upside Just my opinion

DPA_FxKnight

EURUSD Scalp trade

DPA_FxKnight

Firstly from a monthly perspective, the pair has created a double bottom in my highlighted(green) area. On the weekly, Daily, and now H4, the pair has started to create higher highs hinting that the pair could move upward.

DPA_FxKnight

Any update of the previous analysis linked in the description below.

DPA_FxKnight

The pair has reached and tested the monthly recent highs. We can expect a reaction of some sort, be it a rejection or a false break higher for stop hunts. On the D1 and H4 a rising wedge has formed signalling bullish exhaustion and possibly a move lower. I will wait for selling confirmation when the supportive trend line is broken and possibly retested before...

DPA_FxKnight

USDCAD is still undecided for me. A break and close below the current "neckline" (1.31384) would confirm a sell for me, whereas a break and above 1.31934 would confirm a long opportunity to the next level of resistance. For now I wait patiently

DPA_FxKnight

From a monthly perspective this pair is still consolidating mostly upward even though it has now reached the ceiling(previous highs). What I do expect is for the market to react(go short) from this previous high area to the previous lows, as identified in the chart above(roughly 0.91400 area). Given the string move upward last week, I do expect the market to...

DPA_FxKnight

The pair is in the sell zone and has rejected previous highs with a daily pinbar close from yesterday (01 Sept). My plan is to sell from the pinbar low and let it run. What do you guys think? Disclaimer: This is only my opinion, this is not investment advice.

DPA_FxKnight

The pair has retested the daily support area and rejected with a nice hammer candle. I'll be looking for entries going long on the H4 chart. I am open to other opinions...

DPA_FxKnight

Price has rejected previous weekly highs and now we can expect a move downward to at least the previous daily lows (136.500 area). On H4 we can monitor the price actions on or just below weekly resistance for a good entry heading lower.

DPA_FxKnight

The trend seems to be on the daily timeframe confirming what is expected on the higher timeframes (Weekly and Monthly Charts). The levels of structure I am watching are: 1.25200 - 1.25400 areas as resistance and 1.22710 area as my next support. On the technical side, my analysis points downward for the pair. Currently, as I am writing this, the daily timeframe...