Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Scarlet [Red] - Four day
Orange = Daily
Magenta = 8 Hour
Grey = 4hour
Pink = 1 hour
Monthly imbalances The 2015 low sell off closed and reverted from the low to create a new imbalance for longs to occur. Upon the rejection - price was a clear buy upon rejection, however here the most important zone was return to retest 1.02 - 1.04 zone. From here using the daily and awaiting confirmations - buys were to be added. The reason, price pivot point and double retest [double bottom] and creating higher lows.
Weekly trendline & imbalance The weekly trendline has been placed, price whilst climbing up to the imbalance - where price will in the long term will need to revert to. Using the weekly while awaiting the low to create a high. Use the Fibonacci for a safer opportunity to add a position at the 50 - 61.8%
Daily imbalance So as is evident here the weekly and monthly imbalances - the daily has created an opportunity for longs as price has created a correctional channel, creating opportunities for shorts (to cover longs). Price created the imbalance sell and then the bull flag has allowed price to discount itself back to an imbalance zone at a deep zone [70.5%] - where the Fibonacci is applied. Here, also to note - the inefficient pricing is testing the trendline, but be aware price can retest the daily imbalance at 1.07XX-1.08XX Be patient and trade the probability.
Fibonacci structure [bearish pattern completed] Here is the completion of the bearish positional move - which is also the matching zone of the trendline at -0.618 - which is a target zone for shorts to close out - now this is a high probability for the inefficient pricing to now look for a balancing act, and create a buying imbalance from this zone,
Bull flag opportunity - combined with imbalances Simply explained with what is happening right now.
Finally executing - this is down to the individual. For me - using probability at the zone in the ellipse.
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here is the four hour view - whereby price is being squeezed.