PoisonDaddy

PoisonDaddy

EURGBP trying to breach bottom of the downtrend channel for this to be bullish it needs to close high time frame candle inside of it EMA 100 and 200 above it + Channel Resistance + Daily LV acting as resistance + Fib from .82 to .85 exactly on .618 fib level high chance of Short

PoisonDaddy

USDCAD in a Range soon we will see a break will enter long if price goes and close above Daily lv same with short will enter short if price goes below DLV

PoisonDaddy

Gartley Pattern short at 1984-1985 Target 50-55pips

PoisonDaddy

EURAUD getting close to the TOP of the channel + Fibonacci 0.618 + EMA 100 4H time frame + RSI PLOT in Overbought area = Short Between 350 - 720 PIPS Target

PoisonDaddy

Like I said before, top of the parallel channel will act as a resistance which in this case did and fell almost to the bottom of the channel. With fib we can see the levels that are being respected 0.618 and 1.272 which acted as support after reaching this lvl, USDJPY went for another push up. Is this a short? short term it was with pretty low risk and high...

PoisonDaddy Updated 

USDJPY being working exactly as the analysis (for now) 1- after reaching the bottom of the parallel channel it made a pull back 50+ pips 2- Went up once again and this time established itself inside the parallel channel (bullish sign) 3- Then again out of the channel just to retest the confluence it formed before (120.6) 4- Went up again to face resistance...

PoisonDaddy

This Analysis was made in 2021 and its been working perfectly for now in 2022

PoisonDaddy Updated 

As I showed in the last analysis, that the next stop for USDJPY if was able to breach Fib fan .0618 would be the bottom of the upper parallel channel which would between 120.9 and 121.0, and it did reach this point and its acting as resistance as I said. Now I'm waiting for a confirmation of a drop (short) to 119.40 (Fan Fib 0.618) Which will act as support and...

PoisonDaddy

AUDUSD has gone past the downtrend channel and the counter downtrend channel after taking support over 3 times of the monthly support line. Now I'm looking for it to touch the trend line (0.7485) and maybe see a pull back of course after confirming a sell position (0.7440) and probably retest the counter upper channel. IF it's end up going past 0.7485 - 0.7490,...

PoisonDaddy Updated 

USDJPY once again the fib .618 on fan area has been touched and this res/supp has been respected since July 2021. Also USDJPY was able to break from the parallel channel, and if its able to break the fib .618 the next stop will be the upper parallel channel. But in my opinion USDJPY needs a pull back probably to retest under parallel channel that broke out.

PoisonDaddy Updated 

EURUSD reached the top of the channel from the long and short term, its possible that will retouched one more time and then fall till fib level or mid to bottom of the channel

PoisonDaddy

I'm expecting a mid downtrend till it reach a strong support since in my opinion there is nothing worth of being a strong support except for the monthly supp. also in the weekly timeframe we can see a crossover forming indicating a possible uptrend but this usually need volume and momentum to create it so that's another plus for the fall at the monthly support

PoisonDaddy

This is just an idea of what is happening. 1- 1st Daily res Horizontal line (blue) has been acting as supp and res since July 2020 which can be seen on the red circles an also making a range that has been going since 18 Jun 2021 acting as resistance and now is actually acting as support since now it breakthrough 2- VPOC which acted as resistance as the closest...