Forex Daily

[wizAlvin]

27th
TRADE Scan on 2 brokers at end of week :: PFD : MT4 and GO : MT5
PLEASE NOTE : This is MY observation of pairs highlighted by my pinbar and engulfing indicator and not an explanation of any trade - JUST OBSERVATIONS
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https://drive.google.com/drive/folders/1yfcaMi1GbMbSBEdV1G75hQdngFoFDyrh


FROM MY PINBAR and ENGULFING INDICATOR on the two brokers ::
AUDUSD,CHFJPY, EURCHF, EURJPY, EURNZD, GBPJPY, GBPUSD, USDCHF,




2024.01.27 : (weekend),AUDUSD, engulfing , high = 0.66096, low = 0.6572
red engulfing body internal near pinbar candle – continued to remain at a significant level - greater trend is down – currently stalled - possible consolidation before greater moves as previously


2024.01.27 : (weekend),CHFJPY, engulfing , high = 171.664, low = 170.101
bigger green engulfing candle – move up base to top in a consolidation area – sited above a significant level - no trend i – currently stalling


2024.01.27 : (weekend),EURCHF, engulfing , high = 0.94061, low = 0.9363
red engulfing body candle – continuing to move down from the Trip wire being the centre trendline of the long weekly down channel and more recently the daily significant level


2024.01.27 : (weekend),EURJPY, engulfing , high = 160.925, low = 159.826
green engulfing body internal candle – move up across and out of a down channel recently formed from the top of an up trend – possible bull flag formed break up – up from at a significant level possible breaking up from the flag - possible consolidation – careful of the weekend break


2024.01.27 : (weekend),EURNZD, engulfing , high = 1.7823, low = 1.77154
green engulfing body internal candle – move back up to a significant level in line with the prior greater trend – lesser counter to the prior railroad tracks down atop the up trend – currently stalled - possible consolidation before greater moves as previously


2024.01.27 : (weekend),GBPJPY, engulfing ,
green engulfing candle – stalled in a consolidation area – at a significant level – “P’ pattern




2024.01.27 : (weekend),GBPNZD, engulfing ,
green engulfing candle – stalled in a consolidation area – at a significant level




2024.01.27 : (weekend),GBPUSD, outside & Pinbar , high = 1.27585, low = 1.26755
green outside & Pinbar candle – stalled at a significant level - in a consolidation area between two significant levels


2024.01.27 : (weekend),GBPSGD, outside ,
green outside indecision type candle – stalled in a consolidation area – near diamond indecision pattern - at a significant level


2024.01.27 : (weekend),NZDUSD, engulfing ,
red engulfing candle – stalled in a diamond indecision pattern - at a significant level




2024.01.27 : (weekend),USDCHF, outside, high = 0.86851, low = 0.86162
red outside candle – move down to a significant level - following the trendline down being the top of a wide daily or weekly down move and greater trend down – possible small wedge indecision formed



GOOD PIPPING



Old Jungle saying : He who looks upon the Phantom’s face unmasked will die horribly.