D_Market_Outlook

D_Market_Outlook Updated 

1. Reassessment of this currency shows that short pressure is still strong. 2. Price is testing break of 4hr bear flag. 3. Rejection of resistance structure 4. Breakout of 4hr bear flag showing continued downward momentum 5. Price action is breaking out of the weekly bear flag as well.(Weekly bar has not closed out of weekly bear flag) *High confluence of...

D_Market_Outlook Updated 

1. Price is at the descending triangle resistance line 2. Structural Resistance and price is not able to surge through 3. Inside bar break down on the 4 hourly time frame. 4. Good RR of 2.68. 5. Volume on the latest rally is small compared to the sell off. *Bullish big long green candles do pose some risk. Enter small position first.

D_Market_Outlook Updated 

1. Price action has broken out of bear flag (with strong volume) and retested previous support. 2. After which Price action broke down again at the 0.618 fibs and broke out of the weekly bear flag and is retesting the weekly bear flag trend line again. 3. Clear short and good probability trade, will be looking to add on size on this one.

D_Market_Outlook

1. Price action has shown a break towards downside of triangle. 2. Volume is low and thus we can expect some pullback to the 0.618 levels. 3. Good RR. 4. Price is unable to get past the structure and got rejected multiple times. 5. This idea is for 2nd entry. So never chase the breakouts. Wait for pullbacks. *It would be good to see a breakdown of the next...

D_Market_Outlook Updated 

1. Slight bounce from demand zone 2. Formed a rising wedge and a break down occured, however buying pressure remains consistent. 3. If we were to open a short, would prefer to see the price lose below the mini demand structure. 4. If closes higher above the wedge, we can look to long. *I am more long biased, given how the breakdown of the wedge was quite weak.

D_Market_Outlook

1. AB=CD Pattern completion 2. Looking to short with a good RR.PREFERABLY AROUND 0.786 LEVEL, which is also at structure level 3. Need to watch price action and wait for short entry 4. Price is at top of channel * Rally in price means we will need to be much more conservative and wait for more short entry confirmation first.

D_Market_Outlook

1. Looking to short since price has rallied into sell zone. 2. On the bigger time frame this seems to be a pullback. 3. Hoping to get a short entry signal around 1.618 level. *Pirce has rallied quite strongly. So if a short trade is made, care must be taken to be more conservative and expect a rally continuation. *Have to look at more price action next week to...

D_Market_Outlook Updated 

1. Structure still not broken 2. Rejection from 0.618 fibb level 3. Broken from bear flag. 4. Good RR around 3.

D_Market_Outlook Updated 

1. Confluence of inverse Fibb level of 1.786 and 0.618 from the longer time frame. 2. Entry signal from hourly timeframe. HIgher close above previous high. 3. Good RR. We can enter with a small position first and see how we can scale in. 4. Structure support has not been broken. 5. Stop loss can be below structure.

D_Market_Outlook Updated 

1. Good RR 2. Multiple rejection from the 0.618 level. 3. Price actions shows lower lows and lower highs. 4. Volume on pullbacks is decreasing.

D_Market_Outlook Updated 

1. Good RR at that level. 2. 0.618 fibs level. Rejection can be seen on 1 hr time frame. 3. AB = CD Pattern completion

D_Market_Outlook Updated 

1. Pullback and Retest of weekly neck line structure that has been well respected. 2. Good RR. 3. Rejection at 0.618 fibs level.

D_Market_Outlook

1. Good RR. 2. Now price has pulled back to structure after closing above it on the 1 hour time frame. 3. Fibb level of 0.5 confluence 4. Pullback volume to this structure is low. 5. Higher close of previous high candle gives us a entry signal

D_Market_Outlook

1. Pullback to the bear flag created. Good RR ratio. 2. Volume is decreasing on the pullback. 3. Potential double inside bar on the 4 hourly chart. 4. Structure is still holding and candles are unable to close above it. *Therefore waiting for entry short signal when the lower low of the candle on the 1 hr chart closes below previous low.

D_Market_Outlook Updated 

1. Breaking down of a double inside bar formation. 2. Lower close of previous low identified in 1 hr bar. This gives us an entry signal 3. Rejection from structure. Unable to close above structure and above the 0.618 fibbs level. *Did not include fibbs level as it would look too messy in the hart 4. RR is good for this set up.

D_Market_Outlook

1. Price just got rejected on the weekly structure with a bearish engulfing. 2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 . 3. Personally prefer it to close above the weekly structure.

D_Market_Outlook Updated 

1. Big bearish candle and breaking support, after a long consolidating range in the 1 hour and 30 minute chart. 2. Good RR of about 2. * A very aggressive trade so try to make it a quick one, rob to use trade management if price action shows bear pressure is weak.

D_Market_Outlook Updated 

1. Broke daily and 4 hourly structure. 2. Has good selling pressure evidenced by the wick on top of candle as shown under the arrow. 3. Inside Bar breakdown. 4. Volume is high on selling pressure. *Risk is that RR is not fantastic with the first level of take profit.