going long on chfjpy one less confluence factor as H4 candle closure was very bullish but the market structure is maintaining (for now) on the 30m chart as we just retraced 100%, potential risk to reward 1:11
Strong weekly bearish closure
Daily chart - we are (still) in a uptrend and just retraced to 100% fib level (last place it can retrace too before breaking the structure), however we did gap on Sunday and the gap has not been filled yet, so can this go further down at least to fill the gap.
H4 -currently under a downtrend.
30m chart - downtrend, started...
Strong Bearish weekly closure.
Daily chart is in an uptrend but retracing, could potentially retrace to previous daily resistance
H4 - chart in a downtrend.
30m Chart - 100% retracement of previous move to the previous level of resistance presenting a shorting opportunity.
Daily chart in a bullish trend
H4 chart - initiated bullish trend and had retraced to 50% fib level, rejecting from a previous level of resistance (H4 projection projection -27% fib level)
30m chart - Break of resistance creating a new high after a double bottom, was waiting for a retracement for to the 38.2%or 50% fib level, however started ranging between 0 and...
Daily Chart - Break previous level of resistance making a new high...
H4 chart - broke support level failing to reach target, potential corrective (ABC) underway.
30m Chart - break of support, retest of previous support level as resistance 38.2% Fib level (trynna catch the higher timeframe retracement) which on the 30m chart is a "temporary" downtrend.
Weekly Closure - Bearish Doji once again showing the indecision as it approaches previous level of weekly rejection (resistance).
Daily Chart - previous Daily closure showing some bullish momentum , (still maintaining a bullish trend).
H4 Chart - very extensive 1st wave could see a...
AUDUSD analysis Overview -
Monthly Chart - monthly closure was a doji showing some indecision for the time being, furthermore can be observed that monthly chart is under some type of consolidation rn.
Weekly Chart - furthermore the consolidation from the monthly chart can be further observed on the weekly chart. Previous...
GBPUSD Overview -
Monthly Closure - Strong Bullish closure previous resistance level (very similar situation to GBPAUD)
Weekly chart - market structure broke previous level of resistance and is creating a new HH, previous candle closure bullish ( however, not the strongest bullish candle) ...
GBPAUD analysis overview-
Monthly closure - bullish engulfing, giving me a long bias(long term) for the time being
Weekly chart - bullish closure with a significant bullish rejection (long lower wick), can potential start ranging if reject from the resistance level ahead
Got some bullish momentum from the previous day that could be carried on today, taking a position based of 50% n 30m chart which is in line with a previous level of resistance which now could act as a support level
Daily bullish momentum
H4 previous level of resistance being tested as potential support in line with the 38%
30m chart in an uptrend, which the 61.8% is also in line with the previous level of resistance of the H4.
We reached a daily resistance level, 30m chart has broken structure to the down side, came back to retest previous level of support as resistance in line with the 50% Fib could potential see a nice move down from this regioon
GBPUSD has reached an area of confluence, where we have a previous H4 resistance which could now become support, a 30m previous resistance which now could also become support and all this is in line with the 61.8% Fib level (a.k.a golden ratio) this makes this area a good zone to look for potential continuation of the...