Daily swing Structure = Bearish Daily Internal Structure = Bearish Narrative We are pro-trend which means sell EURUSD. All structures are in alignment. 4Hrs Swing structure = Bullish Internal Structure = Bearish What we can observe is that daily swing, daily internal and 4hrs internal are all in alignment. We now know that the demand zones created as the market was in the pullback phase are reaction points and that the supply zones should hold if the bearish internal trend is to hold. Given the 2 facts, we should continue selling Targeting the internal weak low as the low hanging fruit. Also, it is important to note that we are creating some sorta supply chain, which further cements idea of a strong selling pressure coming into the market. So any pullback into the marked supply orderblock should give us a chance for entry.
Berger paints has been in Parallel channel since 2020 August between 450 to 660. I would be setting up stoploss at 450 and further buy at 700 to be safe
Based on our technical analysis, the asset is currently in a well-defined bullish structure, with price action suggesting an upward movement from 2595 to 3020. Several confluences, including trend strength, key support-resistance levels, and technical indicators, reinforce this bullish outlook. Key Technical Levels Primary Support Zone (2595-2620): This region has historically acted as a demand zone, where buyers have consistently stepped in to push the price higher. A price rejection from this level indicates a strong accumulation phase. Intermediate Resistance (2730-2750): A significant short-term resistance zone, where price may experience temporary consolidation. If this level is breached with strong volume, it could confirm further upside potential. Main Resistance Zone (3020 - Key Target Level): A major supply zone where price has previously struggled to sustain gains. If momentum remains strong, this could be the next key level to watch. Technical Indicators & Price Momentum Trend Structure: The price has been forming higher lows, indicating sustained buying interest. The market structure remains bullish as long as price stays above the 2595 support level. Moving Averages: 50-Day MA is sloping upwards and providing dynamic support, confirming short-term bullish momentum. 200-Day MA remains in an uptrend, indicating a long-term bullish bias. RSI (Relative Strength Index): Currently positioned in the 55-60 range, suggesting positive momentum but still has room to push higher before reaching the overbought zone (>70). If RSI surpasses 65, it would further confirm buying strength. MACD (Moving Average Convergence Divergence): A bullish crossover is evident, signaling increasing upside momentum. The histogram is expanding, further reinforcing the positive trend. Volume Analysis: Recent bullish moves have been supported by higher-than-average volume, which indicates institutional participation. If volume remains strong, it increases the likelihood of a successful breakout beyond 2750 toward 3020. Market Sentiment & Potential Scenarios The overall sentiment remains bullish, as institutional buying pressure is observed near support zones. The market is forming a higher timeframe bullish continuation pattern, which, if confirmed, could lead to further price appreciation. A clean break above 2750 with increasing volume would act as a catalyst for further gains toward 3020. Conclusion The Brokerir Technical Team has identified a strong bullish structure supported by key technical indicators. As long as the 2595 support holds and price maintains momentum above 2750, the 3020 target remains achievable. However, traders should remain aware of macroeconomic factors and market volatility that may impact price movements.
Daily Swing Structure = Bullish Daily INternal Structure = Bearish. Narrative Based on Internal Structure. We are Pro-trend. But, we are coming from a strong demand zone. From a daily perspective, GBPUsd is really not that clear. It is possible that the demand zone could SPONSOR a move that breaks the Swing Protected High. In short, this demand zone could be the genesis of phase C moves. _______________________________________ 4HRS Swing structure = Bearish Internal Structure = Bullish We know that internal structure was bullish to facilitate the swing pullback. We also know that internal trend changed from bullish to bearish hich signaled to us that the pullback phase was over. The moment internal trend changed from bullish to bearish, the demand zones left behind were now reaction points. However, Price tapped into demand zone created on Jan 21, and immediate reversed breaking internal change and causing an internal trend change from bearish to bullish. We know that after every break of structure (iBoS, CHoCH or BoS) we should expect a pullback from the reaction points. The moment internal trend changed from bearish to bullish, every demand zone left behind (STB Zones, Orderblocks Breakers etc etc) becomes reaction points. That brings us to where we are. The orderflow that we should follow is the fractal orderflow that we continue selling the currency until the fractal market structure changes from bearish to bulllish. The moment fractal structure switches, that signals to us that the internal pullback is over.
this is the path that i'm thinking price is going to print. next week we go up to make d and then go lower to make e.
This forecast is for the week of Feb 10-14th. OIL is still trending to the downside, and sells are still valid. Until we see a bullish market break of market structure, sells all day. CPI Data news on Wednesday, so be careful trading into news day. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
https://www.tradingview.com/x/K2dH2zwO/ Hello,Traders! CAD-JPY is falling down Again after some crazy moves But the pair will soon hit A horizontal demand level Of 104.850 from where We will be expecting a Local bullish rebound Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
If you notice the prior history of the liquidation events, as we just experienced, usually a larger move in the opposite direction occurs, sometimes after a smaller reaction and correction. You will notice that downside momentum seems to be slowing, indicators are diverging, there is no strong resistance until the indicated lvls. To be fair, there's not much support left either. It's preferable BTC holds that 4hr and closes the weekly candle (in 1 day) positively. While I expect a move up, it is somewhat worrisome that BTC is struggling so much in this region overall. In a way, this is a sign of great strength if that move up to strong new ATH does eventually occur, because BTC is barely retracing in overall terms between each impulse up. However a break below the indicated base is EXTREMELY bad, likely resulting in a drop to the low 70ks, which would be devastating to the crypto market--unless said break is short-lived.
soon it's going up to make D of triangle and after we head to make E.
Next week I shall be expecting a break and retest of golds current supporting trend line and support. Are retesting and with confirmation shorts to 2830 look strong. 2830 then gives us a buying opportunity to target 2895 to 3000. 2830 can be seen to match a trend line and Fibonacci golden zone for Retracement.