You can see that we are currently sitting around a major Sell region. We have received a Double Top formation. We have received a solid Bearish candle. We have received a Monthly -68 Fib completion. These are all nice indications for a possible short set-up.
AUDCAD is also looking good for shorts as we are sitting in a major Sell region. You can see what this zone has triggered in the past. We have a Monthly -27 Fib completion and we are rejecting this zone for 3-4 months already. Price is really struggling to break above. Main bias is of course bearish in this case.
On the Monthly chart you can clearly see that we are sitting in a Supply & Demand region, acting as resistance. This is a zone where our main bias will always be short. You can see what this zone has triggered in the past. Also we have received a solid bearish candle on the Monthly chart. These are indications for a possible short set-up.
We are trending up on the Monthly chart. We have rejected the Monthly -68 Fib and the Supply & Demand zone. Our main bias will be long as history repeats itself most of the time. If it breaks the Supply & Demand zone impulsively, i will switch bias from long to short.
If you see this Monthly chart, it's obvious that my main bias will be Short for this one. You don't want to buy at Monthly highs or a zone full of Sell orders waiting to get filled in. We have rejected the Monthly S&D zone and we have completed the Monthly -27 Fib. These are indications for a Short set-up. Is it possible to break this zone to the upside? Yes of...
On the Monthly chart, we are trending up making HHs and HLs. Price is currently sitting at a Major Buy zone. We are rejecting the Monthly Supply & Demand zone as support now. Buy orders are waiting to get filled in. Our main bias will be Long for this one.
On the Monthly chart, we are making clear LLs and LHs. We have some pips left before i do encounter my Monthly Buy zone. Also we have not a Fib completion yet. All these are clear indications for a Short set-up.
Had this pair in my previous Market Breakdown, but it seems like i was a little bit too early. Price has approached our zone of interest quite impulsively on Friday. It seems like the Supply & Demand zone is holding very nice as resistance. A lot of Sell orders sitting at this region. I will enter this Short position if we do receive some more deceleration...
USDCHF was sitting at a very clear Supply & Demand zone, acting as support since September 2011 on the Monthly chart. This was our first indication for a possible Long set-up. Another indication is the -27 Monthly Fib completion, which means price can reverse heavily as banks/institutes take profit at these levels. It seems like it did reverse so let's take a...
MONTHLY We are interested in a Long set-up on USDCAD as we have received a -27 Fib completion. Also very nice Supply & Demand zone acting as support. We have formed the Shoulder 2 of a big Head & Shoulders pattern. We have an Ascending trend line to 'protect' our price.
MONTHLY We are at a very interesting zone at the Monthly chart. Price is currently sitting at a big Supply & Demand zone acting as resistance. We are rejecting this zone and we have received a Bearish candle which means a lot on the Monthly. I see a Big Head & Shoulders in it. Also -27 Fib completion is sitting there. We will need some DXY strength for this...
MONTHLY Price is sitting at a Monthly high zone. Very very strong Supply & Demand zone as you see, acting as resistance. We did not break this level since February 2016. Also nice -68 Fib completion which means a lot on the Monthly. We are definitely interested in a Short set-up.
WEEKLY For GBPCHF my main bias is still Bearish. We are currently sitting at a Weekly high zone, holding since April 2020. Not only a Weekly high zone, also Supply & Demand zone. We have a -27 Fib completion, so we can expect some downside momentum. Nice indications on the Weekly chart.
WEEKLY We are sitting at a Weekly low zone as you can see. Rejecting since June 2020 as support so pretty strong zone. It's not only Support it's a clear Supply & Demand zone. We have a -27 Fib completion, so we can expect a change of momentum. These are all indications for a Long set-up.
On the 4H chart, price is approaching our zone of interest (61.80 Fib). Clear Supply & Demand zone sitting at the zone of interest. Even though we are Bullish on the higher time frames, we are still making LLs and LHs on the 4H chart. In the best case i want another reversal pattern in the form of a Head & Shoulders, before considering a Long position. This would...
On the Daily chart we were making clear LLs and LHs. We broke the last LH and are making HHs and HLs now. The blue box structure is still holding so be aware of that. If the market is able to break that blue box, USDCHF will fly. Price is forming an Inverse Head & Shoulders pattern, rejecting the 61.80 Fib. Again Fib completions also to indicate us there could...
Last pair of Market Breakdown 1 is USDCHF. On the Monthly i can see a very big Supply & Demand zone where the price is sitting at the moment. It's holding as support since September 2011. Most likely it will act as support again as it's a pretty strong zone. Also we have a Fib completion, this could be also an indication for a switch of momentum. In trading...