Forex Daily

[wizAlvin]

16th
TRADE Scan on 3 brokers at end of DAY / beginning of DAY :: PFD : Switch Markets : 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
MY Forex Google Share Folder
https://drive.google.com/drive/folders/1yfcaMi1GbMbSBEdV1G75hQdngFoFDyrh


FROM MY PINBAR and ENGULFING INDICATOR on the three brokers ::
CADJPY, CHFJPY, EURJPY, USDJPY, LTCUSD




2024.05.16,CADJPY, engulfing , high = 114.708, low = 113.749
red body engulfing candle – move down to a local level – possibly in a stalling wedge pattern – near chart high


2024.05.16,CHFJPY, engulfing , high = 172.688, low = 171.339
red body engulfing candle – move down to a significant level – possibly in a stalling wedge pattern – near chart high


2024.05.16,EURJPY, outside, high = 169.4, low = 168.026
red outside candle – move down from a significant level – near chart high - possibly in a double top pattern – top of a long up trend – not a naked trade as not engulfing – perhaps similar


2024.05.16,USDJPY, engulfing , high = 156.56, low = 154.692
red body engulfing candle – move down to a local level – possibly in a stalling wedge pattern – near chart high – top of a long up trend


NOTE : the JPY component


2024.05.16,LTCUSD




US30, – near chart all time high


XAUUSD & XAGUSD – move up to near recent high – GOLD completing bread and butter pattern / trade


Oil – stalling at a significant level – long wick pinbar or near pinbar candle – possible naked trade for BRENT


crypto – green engulfing candles – move up from stalling


GOOD PIPPING



Old Jungle saying : Phantom’s guns quicker than eyes can see.

[wizAlvin]

7th
TRADE Scan on 3 brokers at end of DAY / beginning of DAY :: PFD : Switch Markets : 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
MY Forex Google Share Folder
https://drive.google.com/drive/folders/1yfcaMi1GbMbSBEdV1G75hQdngFoFDyrh
FROM MY PINBAR and ENGULFING INDICATOR on the three brokers ::
AUDJPY, AUDNZD, EURAUD, EURCAD, EURGBP, EURUSD, USDSGD,


2024.06.07,AUDJPY, Pinbar , high = 103.982, low = 103.617
small green pinbar candle – stalled at a prior significant level – following a false break down through then back up to here


2024.06.07,AUDNZD, engulfing , high = 1.07568, low = 1.07172
green body engulfing candle – move back up from a significant level – in a down trend down channel – possible naked trade up signal – however there is a stronger significant level below this – so this may be a propultion trade downward pull back – not clear


2024.06.07,EURAUD, outside, high = 1.64035, low = 1.62974
red outside candle – a second rejection of a move up beyond this level – within a forming wedge pattern in a consolidation area - ( stalling ?? )


2024.06.07,EURCAD, Pinbar , high = 1.4923600000000001, low = 1.48689
green Pinbar candle – a second rejection of a move up beyond this significant level - in an up channel – up trend – stalled here


2024.06.07,EURGBP, outside, high = 0.85245, low = 0.84968
green outside long wicked candle – move back up to a daily (significant) level – top of a consolidation area - ( stalling ?? )




2024.06.07,EURUSD, engulfing , high = 1.09021, low = 1.08619
green body engulfing candle – move back up to a significant level – in a multi top stalling pattern – top of a prior up trend / up channel – possible cup and handle / ‘V’ recovery pattern


2024.06.07,USDSGD, engulfing , high = 1.34871, low = 1.3452600000000001
red body engulfing candle - move back down to a significant level – in a multi-based stalling pattern – base of a consolidation area - ( stalling ?? )




















notes


US30 – small green indecision type candle – small move up - possible wedge / stalling at a level / zone


XAUUSD – big green candle – big move up from the top of a horizontal consolidation area – against the possible long term weekly double repo pattern proposed / formed (implying a move down to 2216)


XAGUSD – continued move up


Oil – continued move up toward the consolidation area - following the big break down from it


crypto – very small moves - stalling – consolidating


GOOD PIPPING
An old saying is remembered by the pirates 'lf The Phantom comes to destroy Gullique. There'll be a double rainbow in the sky.‘