Weekly: Pretty much a red week candle this week. We did a wick fill and struggling at a weekly support level. Daily: Currently sitting on a daily support, also the weekly support and 4 hr support. (white line) 4h: Last few 4 hr candles are getting tighter. Definitely seeing first signs of consolidation after that big move down. So far, hard to tell if...
Weekly: We closed with a red candle last week and a lower high. This kept in place the bearish trend that we've been on for weeks. Daily: On the daily, we finally got a candle yesterday retracing the big move down. Currently we're sitting right below a zone. (grey box) Price move up to test it yesterday and rejected. We're at this moment trying to test it...
Weekly: We closed with a red candle last week and a lower high. This kept in place the bearish trend that we've been on for weeks. Daily: So as rightly predicted for yesterday. Big red candle. Nothing really changed here, we are clearly bearish. Look left and its a really clean way down. I think one might wonder if we might flip green here and create support...
Weekly: We closed with a red candle last week and a lower high. This kept in place the bearish trend that we've been on for weeks. Daily: Big red candle yesterday as predicted. Now we're sitting on the white box - which is support we've bounced off a couple of times. It's more likely that today will continue red as we try to break this white box support. Of...
Weekly: We closed with a red candle last week and a lower high. This kept in place the bearish trend that we've been on for weeks. Daily: Double Top and we're sitting on the neckline of it now. The yellow box (neckline) will be important. Breaking through will give us scalps down to the white box. We should wick fill the left candles. 4H: Not too much...
We kept a bullish structure but there is just too much chopping around to give good entries. I rather stay out until we get out of some of these messy zones.
It's been really choppy for GJ recently and we aren't seeing many clean areas when we look left. The immediate HTF trend is bullish. Just completing a retrace and hitting a HTF support (yellow box). Would like to see a support at the white box area before considering longs. If we don't get there, break and retest of the yellow box will also give us a scalp...
HTF surely printing in the bullish direction. However, we can also see that we made a higher high. And currently consolidating on 1hr. Breaking down of the 1hr consolidation will trigger a search for a higher low. We can squeeze from .8 zone to .5 zone. If we break and retest the top, should have legs to get to .2 zone.
Structure has shifted from bearish to bullish. New higher low created and followed with a higher high. For continuation, look for retest in the 152.4-152.5 region for a scalp to 152.8.
Looking for a cleaner retest of the top to make buy scalps on bullish continuation.
Yo folks, not going into details too much. We're been following my downtrend outlook(see weekly analysis). We're currently consolidating on 1hr TF. For scalps, we have a good clean zones up or down. Bias preference is short. But if we break out, scalp for 10-15 pips should be possible.
We've been keeping the HTF bear structure. We see doji followed by bearish candle at the bear trend line. It's more likely that we head down to test the weekly support and potentially further downwards to test the previous lower low.
Last trading day of month and no point risking it. However if you have itchy fingers, an area to watch will be 152.5 (Monthly Support). We're closing the monthly candle today so we should be testing this area to see if we rebound or sink. This area is also confluence with the 4 hour bull channel that have been in action for the past few days. Bouncing off...
Just a quick scalp up as we break the top 1 hour range.
Again, we've been stuck at the area near the bearish HTF trend line. On LTF, we're starting to look a bit more exhausted on the buying end. The preference is selling for me and I'll look out for top or bottom break out of the zones highlighted on the chart.
We're reaching that weekly bear trend line here. Current immediate trend is bullish. Price has impulsed up and consolidating now. As we get into London open: 152.6 for retest buys 152.3 for retest sells Ideally on 30min TF
As what was mentioned in the previous week analysis. We did complete the weekly wick fill and created a lower low. Going to the new week, we can see that we're clearly still in a higher tf bear. It's important to note though that the current immediate trend is still bullish. We're likely test the weekly zone resistance and also the bearish trend line to see if we...