Sphinx_Trading

Sphinx_Trading Updated 

- Price broke the last high at 21400 with a big impulsive move and then start consolidating in an ascending channel. - Also we have a daily closure with a huge wick from daily supply zone at 24k. - We may have a bearish move to the next demand zone at 21k.

Sphinx_Trading Updated 

- Price respected 1.24500 supply zone and started accumulating. - We can observe a big bearish move breaking the accumulation at 1.22500 and reaching a strong demand at 1.2000. - waiting for a confirmation at 1.22500 supply zone to sell.

Sphinx_Trading Updated 

- We can observe an extremely order flow after the last bulish move from 1880.0 demand zone. - Price reaching a very strong supply zone at 1950.0 also price broke the last high forming a new HH. - In a large percent we may have a bearish move to 1926.0 around 200 pips. - by a small percentage we may also have a big bearish move to 1888.0 breaking trendline + Last...

Sphinx_Trading Updated 

- Price has taken liquidity at 17500 and respected supply zone at 18500. - Also price taken away the liquidity at 16700 breaking the last equal lows. - Now we have a full retest on the last low (demand zone) before changing the character. - I See a an impulsive bullish move to 20k - 21k (Technical analysis)

Sphinx_Trading

- Price dropped with a strong bearish move from 166 supply zone breaking the last lows on 4h. - We can observe a consolidation after price reached 160 demand zone. - Also we have 2 retests on 156.0 daily demand zone and price failed to form a new lower low. - Price now at a perfect demand zone nearly at 158.00. - We might have a big bullish move to 166.0 supply zone.

Sphinx_Trading

- Price started rising in a corrective ascending channel after falling +200 pips from 1850 supply zone. - We look at 1815.0 demand zone as the an interesting zone for the price to reach. - Also there is a chance for the price to reach 1850.0 demand zone first to fill the imbalance. * Pivot at 1836.0 for confirmation.

Sphinx_Trading

- Price broke the last low moving in a descending corrective channel. - 1.2000 zone may be a reversal point to the next strong supply at 1.2300.

Sphinx_Trading

- Price reach a very strong supply zone at 1.6000. - A very clear divergence formed on the last 2 highs - Big liquidity to consider formed at 1.5200 - 1.53000. - Small imbalance from 1.5000 demand zone. - if price broke 1.57800 we might have a big bearish trend to 1.5000 demand zone.

Sphinx_Trading Updated 

- Price respected 1.0600 supply zone forming triple equal highs. - As you see on the charts after push up from 1.0000 demand zone price started to form an ascending channel. - Note that with CPI news price may broke the last equal highs (liquidity grab). *Pivot: 1.05000

Sphinx_Trading

- Price respected supply zone at 1810.0 forming a clear divergence. - We can observe strong bearish move from the supply zone. - After reaching nearly 1770.0 price formed a new low and started to rise in a correction movement. - If price broke 1780.0 it will be a good confirmation to short it to the next demand zone at 1710.0.

Sphinx_Trading

- Extreme order flow on GBP/JPY, as you can see on the chart price dropped to 163.0 demand zone grabing liquidity that formed at 165.0. - Price respected 163.0 demand zone and start rising forming equal highs at 169.0. - Again we have a big bearish move to the next demand zone at 164.0 forming a higher high. - Another equal lows formed at 167.500, so price may...

Sphinx_Trading

- Price started to rise from 1733.0 zone after breaking the last structure swing low at 1744.0. - Also we have a change of character after price broke the last high at 1747.00. - This type of price action is tricky because the last change of character may be some inducment or liquidity grab. - Price formed a new higher low with big bullish engulfing candlestick...

Sphinx_Trading

- Price made a huge imbalance after rising with an impulsive strong movement from 1620.0 demand zone. - Also we can observe that price broke the last to highs at (1730.0 - 1760.0). - On a lower timeframe price started to make an ascending corrective channel. - We may have a strong bearish movement from 1800.0 to 1700.0 to catch +1000 pips.

Sphinx_Trading

- We can observe some interesting price action on this chart. - price rised from 163.0 demand zone and started making HHs. - Price started dropping with a strong impulsive movement after reaching 172.00> - We can see that price formed some equal low at 165.00, so we assume that this area has a huge liquidity. - As you see price did not retest on 163.00 forming...

Sphinx_Trading Updated 

- Price failed to break the last low at 1615.00. - We can observe an impulsive bullish movement from 1620.00 demand zone. - also price made a new higher high after breakiing the last highs also the corrective channel. - We expect the price to retest on 1640.000 demand zone and then we may have a strong bullish trend to 1700.00 supply zone.

Sphinx_Trading Updated 

- We can see price respected 1.000 supply zone and dropped 300 pips reahcing 0.96500 demand zone. - Price started consolidating after reaching the demand zone. - Normally after a respected supply in a major downtrend we analyse the market for short setups but this long analysis seems to be more logical with this market structure and candlestick psychology. *...

Sphinx_Trading Updated 

- We can see on the charts price rised with impulsive movement from 1620 demand zone and broke the last highs at 1690 (change of character). - Also we can observe imbalance after price rised aggressively from 1630 demand zone. - Price now at a major supply zone at 1730 so may have a big bearish movement to 1630 demand zone to fill the imbalance.

Sphinx_Trading

- We can see price respecting 105.0 supply zone also some liquidity grab pushed the market over the zone this causes a break of the last weekly high at DEC 2014. - A lower high started to form after price retested on the trendline. - If price broke the last low also trendline at 104.500 it will be a good confirmation.