Forex Daily

[wizAlvin]

2024.05.10,GBPCHF, WEEKLY
bread and butter pattern completed rather than the Double repo move back to 1.1086

[wizAlvin]

31st
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
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https://drive.google.com/drive/folders/1yfcaMi1GbMbSBEdV1G75hQdngFoFDyrh


FROM MY PINBAR and ENGULFING INDICATOR on the three brokers ::
AUDCAD, AUDCHF, AUDJPY, AUDNZD, CHFJPY, EURAUD, EURCAD, EURGBP,
EURNZD, GBPNZD, USDJPY,


2024.05.31,AUDCAD, engulfing , high = 0.90912, low = 0.90507
green body engulfing candle – move back up then back to a significant level – at the top of an up trend and a wide up channel – prior multi top level – wedging


2024.05.31,AUDJPY, Pinbar ,
red Pinbar candle – stalling - rejection up near chart and all time high at a significant level – into a horizontal consolidation area / channel – wedging


2024.05.31,AUDNZD, outside & engulfing , high = 1.08487, low = 1.07616
big green body engulfing candle – move down to a significant level then back up then back to a significant level – at the base of a down trend and a widening horn / magaphone pattern


2024.05.31,CHFJPY, outside, high = 173.638, low = 171.849
big green outside candle – big move upto the highest ever / highest chart close and a significant level – in a weekly consolidation area / channel


2024.05.31,EURAUD, Pinbar , high = 1.6368399999999999, low = 1.63122
green Pinbar candle – stalling – another rejection of a significant level – into a horizontal consolidation area / channel


2024.05.31,EURCAD, Pinbar ,
red Pinbar candle – stalled - rejection back to a significant level – consolidation area wedging


2024.05.31,EURGBP, engulfing , high = 0.85172, low = 0.85001
green body engulfing candle – move up confirming the prior red pinbar at a significant level – at the base of a consolidation area / channel


2024.05.31,EURNZD, engulfing , high = 1.77291, low = 1.76495
bigger green body engulfing candle – move up from near a significant level – and possible base of a consolidation area – however – possible action in a wide down channel – or – a curving base toward a trend change


2024.05.31,GBPNZD, engulfing , high = 2.08405, low = 2.07514
bigger green body engulfing candle – move up in possible consolidation area – however – possible curving base toward a move / trend change


2024.05.31,USDJPY, engulfing , high = 157.672, low = 156.37
red body engulfing candle – move down to a prior significant level – however – possible action in an up channel in a possible ascending wedge pattern










notes
US30 – small red indecision candle stalling in a possible naked trend down from an all time high at a level


XAUUSD – green indecision candle stalling at a significant level – possible weekly double repo formed implying a move down to 2216


XAGUSD – move down in a stalling diamond indecision pattern at a recent high – double top bread and butter pattern completed


Oil – move down in a consolidation area - stalling


crypto stalling – indecision candles - stalling


GOOD PIPPING



Old Jungle saying : Call the Phantom anywhere and he will hear.