Hello everyone! This post is covering multiple assets using a combination of the Professor, MTF and Pure Price Action Technical Analysis
- GBPJPY Daily Timeframe
- Possible start of long trend
- Trend created first leg to the upside with full correction
- If the range holds, we could see continuation into a long trend
- We are currently in a range, I have identified key levels to go long and short for you (watch on lower timeframes for best entries, explained in video)
- Sell Zone: 135.530
- Buy Zone: 132.271
- Key Level Breaks (with candle body hold, not wick):
- Long – 135.530
- Short – 132.271
- GBPJPY H1 Timeframe
- Trend is currently creating higher highs and higher lows – long trend
- Currently on third leg up
- CADJPY Daily Timeframe
- Price is in a consolidation period slowly creating higher lows but no real defined trend
- Sell Zone: 77.352
- Buy Zone: 75.701
- Key Level Breaks (with candle body hold, not wick):
- Long – 77.352
- Short – 75.701
- EURCAD H4 Timeframe
- Price is in a consolidation period
- Sell Zone: 1.54527
- Buy Zone: 1.51246
- Key Level Breaks (with candle body hold, not wick):
- Long – 1.54527
- Short – 1.51246
- USDCHF H4 Timeframe
- Price is in a defined range
- We may see a long trend form, but no real confirmation yet
- We can still profit from the upper and lower side of the range
- Sell Zone: 1.54527
- Buy Zone: 1.51246
- Key Level Breaks (with candle body hold, not wick):
- Long – 1.54527
- Short – 1.51246
- USDCHF H1 Timeframe
- Price is in an overall long trend on the H1 timeframe
- Price broke to the upside creating a new high and then heavily corrected back down to a key Buy Zone level, we can wait for a full confirmation on trend in the upcoming week or use the buy and sell zones to gain within the new defined range that matches the H4 chart
- Sell Zone: 0.97817
- Buy Zone: 0.97263
- Key Level Breaks (with candle body hold, not wick):
- Long – 0.97817
- Short – 0.97263
Cheers to another successful week!