GBPCAD
the market has started forming the lower highs and lower lows
so significant down move of the price is expected
where to join the sellers? it is at the supply zone and stop level above it.
happy trading!
USDCHF
the market moves with the series of lower highs and lower lows
in general the market is trending downward
to join the bears is at the demand zone indicated
GBPUSD
the price is in the demand zone
there is formation of double bottoms which signifies the bulls have power over bears
the anticipation is the the up move of the price to high prices of GBPUSD
go long in the demand zone to the target indicated and the stop below the double bottoms
#supplyanddemand #trendanalysis
EURUSD
the price tested strong support that caused the significant higher movement of the price as indicated
later it is tested and respected for sometime and it was not strong enough to hold the power of sellers
hence it was broken by significant down move.
the price retested the zone that became support (flip zone) and now the price is in the second...
EURCAD
Market formed a falling wedge with the series of swing highs and swing lows.
The resistance of the falling wedge is break followed by shift of market structure (break of previous 4Hour swing high)
What is the psychology behind?
Is that buyers are willing to take the price of EURCAD to higher prices.
For now moment sell at current price and stop level...
CHFJPY
Prior, price moves by forming lower lows and lower highs (down trend).
On now moment price has reverse the direction into higher highs and higher lows (up trend).
The chart is the 4Hour chart. Referring from monthly, weekly and daily time frames (chart) the the bulls are in control over bears!.
The shift in...
USDCAD
The trend of the market is down trend.
What does it mean.? Mean sellers has power to roll the market to lower prices of the USDCAD.
ZONE 01 is the supply area, as there is a multiple rejection and price moves to downside at high momentum.
ZONE 02 is the demand zone, where the buyers are likely to have power to take the price high.
Where the price is...
XAUUSD
Monthly timeframe the bulls are in power.
The market is in the retracement (mean than the bulls are collecting momentum for higher prices)
In daily timeframe bulls showed up their power as the structure changed from bearish to bullish
The price is in the daily and 4H demand zone .
What to do?
Go LONG in the demand zone (around 1952.60) and stop level...
CADJPY
FIGURE 01 is the monthly and weekly market structure.
What do you see?
Sellers took control over buyers?. YES
FIGURE 02 is the daily market structure.
What do you see?
Are sellers still willing to take price down?. YES. Why?. Because there is invalidation of the daily demand zone.
SELLERS are in power, where to join the crowd?. At the invalidated...
NZDCAD
Price is in the weekly supply zone.
Daily time frame structure shows BULLS has taken control over BEARS.
FIGURE 01 is the 4Hour price action chart.
What does the structure mean?
Mean that SELLRS are willing to play Daily time frame pullback.
To where? ZONE 01 or ZONE 02?
ZONE 01 is the most probable zone for price to reach and play continuation of...
After major break out of the resistance buyers take control over sellers and heading to sellers empire.
selling pressure is expected at indicated zone (entry zone)
#short trades at entry zone
#long trades after major break out of resistance
The support of arising wedge has been broken.
Price gave a retest for short trades towards the swing low (1H demand zone)
Now the price is ranging (Range market)
For short term trades on ranging market BUY at the support zone and SELL at resistance zone.
For long term trade wait for break of either the support zone or resistance zone.
BASED on my view...
