swiperfx

swiperfx

I think we're in for a healthy pullback into discounted areas of demand. (50% fib). Looks like the much awaited ETF news disappointed the market and was used as a catalyst to take profits near $48K.

swiperfx

All time has been printed on LSE:ARB and I believe bullish momentum has ran out as shown on RSI. Head and shoulders is visible on the 4 HR timeframe. Daily timeframe closed with a hammer candlestick at the top, indicating the potential for a reversal. HTF expected order flow indicates a potential LH to be printed following the massive rally during this past week.

swiperfx Updated 

I believe this most recent rally running out of bullish momentum. A lower low is expected before continuing long term bullish structure. A move down to $2000 could see buyers come back into the market. As we failed to break and hold above $2400 level, we may see price dip down to the low 2000's.

swiperfx

position was executed on the 1 minute chart using 15 minute order flow and higher timeframe swing range. Price tapped into a 15 minute supply zone after having liquidated pending orders from yesterdays melthdown. We saw a change of character on the 1 minute followed by a weak low that failed to take price higher. From there we entered and got a "buy to sell"...

swiperfx

The latest relief rally on crypto currency trapped buyers into a classic liquidity sweep. We had a price reaction to the blue 15M order block, a change of character, and held selling liquidity above the highs.

swiperfx

12/31/20' 1) Identify swing highs and swing lows on 4HR with a decisive BOS. 2) Identify premium / discount prices within the swing range. 3) identify unmitigated POIs on the 4HR. 4) identify 4HR order blocks. (refine to the 15M, 5M) 5) Identify areas of inducement, and liquidity (to avoid getting stopped out and as a confirmation to enter) 6) trade in...

swiperfx

We may see a push down lower on this pair based on higher time frame analysis. On the lower timeframes we can analyze the complex pullback that price has created in the form of a 5 wave pattern completion inside an ascending channel (4hr). We may see price begin to stall as we approach prior highs, or we may see a push higher before sellers step in to take the...

swiperfx

On the intradays, price has reached double top resistance in the form of a corrective 3rd touch ascending channel for a RE#1. I would however - be trading against the bullish daily closure. MACD is flat on the 1 hr indicating a slow down in bullish momentum. I am entering a short position based on double top resistance, ascending channel structure on its third...

swiperfx

We have a developing ascending channel structure on the 1 hour - which has the potential to develop a 2nd leg to the upside towards resistance 110.00. The market shows a double bottom pattern at support of the channel, with a wick candle rejecting a break lower.

swiperfx

Massive volatility on this pair. We saw outer structure resistance being respected and we saw the creation of a new Lower Low followed by a low test candle which then was followed by an impulsive push to the upside with a bullish engulfing candle. Could this bullish impulse be merely a retest of broken structure, or a retest of prior lows? We'll let the market...

swiperfx

USDCAD has seen the development of what seems to be a rising wedge pattern within an ascending channel. The double top rejection at resistance gave us a heavy bearish momentum candle that could indicate further downside continuation. A break of the lows with a retest could prove to be a valid entry.

swiperfx Updated 

Here we see the potential development of a right shoulder of an inverse head and shoulders pattern on EURUSD. If we look down closer at the 1 hr chart, we'll notice that price is approaching level 1.1000 very correctively in the form of a descending channel which is known to be a reversal pattern. There may be buying momentum at this level.

swiperfx Updated 

We have completed a third touch of a rising wedge pattern on the intraday charts, and we have seen a double top pattern inside a rising wedge pattern. Plenty of space to the downside. There is the risk that price completes a bull flag or finds support at the bottom of the rising wedge pattern.

swiperfx

Here we have a potential option to short the EURUSD to get a decent risk/reward. If we wait for price to reach 1.0920 handle, we might be able to find sellers who want to keep price within the daily descending channel, the dominant trend direction since January of this year. Otherwise, EURUSD could also break out of the pennant pattern earlier than expected where...

swiperfx

my bias on this pair is long due to the support zone and structure in which price is currently is developing. I see a third touch of a falling wedge pattern at a potential double bottom pattern. As seen, price has dropped all week. I will need daily candle closure confirmation to confirm a reversal to the upside. I will monitor the intraday charts for signs of a...

swiperfx

i like the potential to buy the AUDNZD within the formation of an inverted Head and Shoulders inside of a descending channel, on it's 4th touch. Very decent Risk reward, the only risk here is the possibility of a break to the downside, or the creation of an ascending channel.

swiperfx

Deceleration within the 20/50EMA zone, with additional horizontal and Trendline resistance to confirm the possibility of a bearish continuation to the downside. Also, the pullback rejected the 61.80% fib level. MACD and RSI bullish momentum slowing down on the intraday, while price is beginning to break the 1hr 50EMA. I'll enter this trade with a stop entry for a...

swiperfx Updated 

After closer examination I considered this a valid entry to the FX reversal strategy based on the factors labeled in white text. Price action has decelerated at TL, and horizontal support after breaching the potential H&S neckline that failed to remain below 147.50. FIBs indicate that the phase of this market could be at a pullback before continuing higher to test...