forex_member

forex_member

"Quick glimpse into one of many scenarios. Image for future me."

forex_member

The current price is near a larger timeframe zone/trendline, increasing the risk of illogical fluctuations where larger market participants may accumulate their positions. Whether the price will move up or down will be revealed over time. Analyzing the chart, there is a sense that there is a probability of reaching the weekly candle zone (which also seems logical)...

forex_member

A random idea about how the future trend might form. Primarily, to execute a trade, I search for pre-existing breakout scenarios, but occasionally, I also enjoy envisioning how the price could shape future scenarios. :)

forex_member

I do not rule out the possibility of further shorting. This is one scenario of how the price can play out, based on the weekly demand zone that the price needs to pass through. The last selloff broke through the previous low, indicating that sellers are still active. For this scenario to be tradable, the price after the next short move should not establish new...

forex_member

Filling the USDJPY price gap. The price is in the Daily S&D zone, which could help push the price towards Friday's highs.

forex_member Updated 

An opportunity with a 72% probability of a rebound to the price zone 1.3466/76. Based on the Supply and Demand zones, previous new lows, breaking out of the demand zone, and today's high ATR above the previous 5-day average. I don't think that this place will be a trend change point, but more like a rebound where you can earn around 50-70 pips.

forex_member

Buy option with 80% probability of a rebound to the price zone 0.6920/00. Based on Supply and Demand daily and h4 tf zones. In addition, the price will be based on up trendline and Weekly camarilla pivots. I don't think this place will be a trend change point, but more like a rebound where you can earn around 100 pips. I will be buying, when the price enters the zone.

forex_member Updated 

USDJPY, like USDX and other correlating pairs, forms a base for a rally or further decline. If the USD goes up, I think it could happen quickly. The overall market willingness to buy back the price seems quite optimistic, but the downward trendline is very strong. Until the trendline is broken, the uptrend is not worth thinking about.

forex_member

I have been following USDCAD for some time to understand what will happen with the Daily demand zone. It has been tested several times and it is starting to look like the price does not want to climb back up, at least not from this price zone. What are your thoughts?

forex_member

The USD index has been in the demand zone for some time, but it cannot break out. In my opinion, the price wants to continue its path down a little more before it starts to form a new short-term uptrend.

forex_member

The UK 100 index is making a correction. The price has the potential to break the trend line and continue to new highs. Or does it want to reach the daily resistance zone?