All weekly analysis are high-level and sets the week ahead. However markets change due to news and events so this may evolve. I do Monthly, weekly and daily scans every week for context. Higher TF help to guide the lower so as to give an indication or hint as to the direction of the market and potential entry points. I try to focus on price action and use indicators secondarily for probability of reversals or change in market sentiment. )
Charts shown do not necessarily mean that I will be entering them, however I will observe for potential opportunities as they’re either a setup being played or about to be played.
Top Left=W1
Top Right=D1
Bottom Left =H4
Bottom Right =H1
20 SMA = RED
50 SMA = ORANGE
200 SMA = YELLOW
Bollinger Bands = PURPLE
MACD (prefer to use in non trending market)
RSI (prefer to use in non trending market)
AUDNZD – Buy
- Ascending support being respected – W1
- Price at bottom of Bollinger band – W1, D1
- Sessions opening higher after down trend – D1
- Oversold on RSI – D1
- Triangle forming, await break of upper trend – H4, H1
AUDCAD – Sell
- Price approaching previous high of shooting star – D1
- Price at 200 MA – D1
- Price at top of Bollinger band – H4, H1
- Market oversold on RSI – D1, H4, H1
- Doji at resistance – H4
- Bearish candle pattern – H1
EURUSD – Buy
- Extra caution on this market
- Descending support respected – W1
- Positive divergence – W1
- Price at bottom of Bollinger Band – W1
- Price breaks 20MA which has seems to have been acting as resistance – D1
- Price at 200MA acting as resistance, await break if buying – H4
NZDUSD – Sell
- Price approaching 50/200 MA – W1
- Price at 200 MA – D1
- Price at top of Bollinger Band – D1
- Market oversold on RSI – D1, H4, H1
- Looks like record session, market may signify exhaustion – H4
- Doji at resistance – H4
- Bearish candle pattern – H1
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