swings analysis check us out this is only resistance further sessions we will cover more greater details
please check prev chart and decide where it is to go
RALLY DOWN FIRST TO TAKE OUT AND THEN A RALLY UP BACK UPTO THE 50% LEVEL ALSO INSTATUITIONAL LEVEL
UPDATED MOVEMENT ON NFP RELEASE POSSIBILITY. I DONT MARRY MY CHARTS SO I ALWAYS HAVE A DOUBLE STANDARD. THIS IS A GOOD INDICATION TO ME ON WHAT MAY OCCUR.
GBP USD PRICE DATA. RATE CUT WILL NOT HAPPEN SO EVERYONE IS LOOKING BEARISH. I GOT THAT FEELING ITS GOING LONG. HOWEVER I DONT MARRY INTO THE PRICE. I GO WHICH WAY TECHNICALS AND FUNDAMENTALS GUIDE ME
Doller index indicated if it was a sell on the daily timeframe
2ND OPTION WOULD BE MOVE UP TO GATHER LIQUIDITY BEFORE MOVE DOWN MESSAGE ME IF YOUR UNSURE HOW I DRAW MY SUPPORT AND RESISTANCE
SHORT TERM SELL BUT OVERALL BULLISH TILL IT REACHES THE BIG 110.00
in favour of the bearish move as this will be a greater move in the case of the EURUSD, Main confluence based on the liquidity found below. and weekly is in consolidation but i believe it is prepairing for a move down. other economical confluence caused by terrorism and slow economical data including brexit.
1 CHART TWO CONCEPTS. POSS SHORT FASE BEFORE MOVE UP as a continuing trend as before to make a Lower high and then increase into a HH to take out the upper objective remember 2% risk
BULLISHNESS IN USD has caused the usd cad to rise, I can see this continuing for a few more days, as it runs up. confluence of this, is that it continues to make HH,and LH. also equal "highs" on daily above which will indicate short term objective before move down allow price to retrace and gain strength use max 2% RISK
buy programme a simple Wyckoff technique we use at TWYPD trading academy. 3 easy entries seen and captured. it is hard to develop these skills but if you keep watching the market it will be second nature to you. www.twypdtradingacademy.com FREE LEARNING
arrows indicate where price can go. blue arrows for short red arrows for long don't marry into an arrangement. keep your charts simple so bias can change Sell programme looks to be completed soon. look at the identicle price pattern on the left
this is a neutral example couple of areas of stop hunts and liquidity what to watch out for # stops on swings #liquidity in gaps # NFP week
more liquidity below to take out the stops from the swing points below. using the Wyckoff entry look to be a sale programme going on.