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fail to break structure to the up side with strong wick rejections from all higher time frames.
Breakout of 15min consolidation.
Retest and many wick rejection failures on lower and upside making the zones weak.
strong demand level just close by.
Death cross on smas.
Good 1:4 day trade idea.
There is a rejection of the 200 and 50ma on the H1
Retest of the daily and 4H swing highs and formation of rejection candle sticks.
The DXY is indicating a rejection of a major trendline.
Breakout of the 1hr consolidation.
WE are on a major monthly S&R zone as well s a demand zone.
last week's low has been taken out, and due to the major supply that has been taking place in this market,
over the past weeks, the market is going to see a correction to the first key zone, the 0.27 S&R fib mark, before it proceeds to the next tp zone.
We are awaiting on a break of structue on the 4hr tf to solidify our bias.
Monthly - we have a break and retest of structure scenario respetion the 1.34500 major annual support and resistance zone.
A correction on the monthly bias occured on the 1st week of November.
Weekly - our candle stick rests and rejects the 1.34500 psychological zone.
Daily - we observe...
Monthly - Bullish candle stick on previous month and correctio actualized on the first week.
Weekly - Structure is bullish with a retest to 153.200 psychological zone.
Daily - rejection on 0.705 OTE zone for bullish bias. We are also above the 200 MA, which is a strong directional trend Bias.
4H - Rejection Candlesticks on zone.
Entries taken are based on a...
Monthly - we are very bullish and the monthly candlestick correction has just taken place to a discounted price level.
Weekly - Structure points to a bullish bias
daily - Dejection of major support at 50% weekly fib.
4hr - 200 MA rejection as well as bullish candlesticks bias.
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NZDUSD showing bullish sentiment after a strong rejection of the 0.69500 level and finally got a major break of the 0.70200 level. A new trend has finally been formed on the weekly as new highs and lows have been formed after break of structure from August 2020. The New Zealand Dollar has recovered a portion of sharp losses against the US Dollar in March when some...
weekly trendline was broken and retested, on the daily, there was a great supply occurence, the H4 has just tested the first supply level to fill out the orders and drop towards our next demand levels. also strong rejections from the zone
gbpjpy has broken through its equidistance channel support line hard and accomplished its pullback. we are hopeful that the market shall respect the technical analysis and provide us with good profits. it is not too late to enter into the trade.
