Twayne7017

Twayne7017 Updated 

Market rallied out of the yellow shaded consolidation at the open of New York Market on Wednesday. I am waiting for market to reprice this level to go long for a continuation of the uptrend (higher highs and moving average sloping up). first Tp is the most recent high. Price could go further than that.

Twayne7017 Updated 

Price rallied to supply zone. waiting for confirmation of reversal to sell. I expect price to drop back down to POC (point of control: area where largest volume of trade occured).

Twayne7017

This level is exactly the 50% fib retracement from last week bear's market. It confluence with a supply zone of mine and the moving average is also sloping down indicating down trend. This is an opportunity to sell the EURUSD for me.

Twayne7017

This demand zone was created during yesterday's market. A sideways movement followed by a strong momentum to the buy side shows that there are more buyers than sellers at this level. I'm waiting for a pull-back to buy on limit order at this price level.

Twayne7017 Updated 

The pounds sold short term at the open of the Asian market through London session today. It was close to the New York open that we really started to rally higher from the day's low. Right around the 154.35 are two levels sitting on-top of each other where the chart shows that there is significant amount of selling than buying after trading sideways for a while and...

Twayne7017

Price broke out from the 121.77 level after some balanced price action between supply and demand. The breakout to the downside clearly indicates that there are more willing sellers than buyers at that price level. I expect market to pull back to this price level for an entry to sell the pair. There is a wide profit margin all the way down to119.7 giving me a low...

Twayne7017

Market has been range bound for a while now, going back and forth within the novice space. We expect it to breakout to the downside soon. The moment this happens, we look to buy at the price level where demand exceeds supply according to what the price chart dictates. At this same time, some traders are likely to be trapped if they go short on the breakout. This...

Twayne7017

Price has been ranging in the novice space (grey area) and finally bounced out of it with the help of the FOMC statement. It sold right into our identified real market demand level and now we are ready to buy.

Twayne7017

FOMC statement was released. This caused price to drop right out of the novice space (grey area) into a level where willing buyers are waiting in the market to get their orders filled. We know this because price rally out of that price level.