Panagiotis Diamantopoulos / Blog
Is AUDJPY ready to turn down or at least retrace? Let's read the market: 1. Found resistance and started ranging between support and resistance 2. Many High Speed Index on the up waves 29.3, 44.6 , 23.5, 35.6. Enter short only if it breaks support...
Will EU keep going up? Most probably yes. Let's read the market: 1. We have reached some Fib area which is also previous Resistance wich became Support . The first two down waves from the top had sellers, but the third down wave had very hard time to reach the Fib for a second time. 2...
5 reasons why US30 will go down: 1. Hit major Resistance coming from Daily + Weekly 2. First Push down with High Speed Index 79.4 3. Fake Break 4. High up volume with almost no pip move - Speed Index 153.1 - nothing like that on the entire chart...
EURCAD this is why turned bullish. 1. Hit Support from Daily 2. Enormous SI 47.3 (nothing like that on down moves on the entire chart) and volume trying to reach Support for a second time - (too much volume - small pip move) 3. Breaking 1H resistance and Fib confirms bullishness...
Is AUDUSD 1H keep going UP or Reverse on Fib? Let's read the market. 1. Highest volume wave of the last 13 days. 2. Fib Area 1 reached and found sellers SIs:21.9 and 21.8 3. First Bearish wave with volume, but 4. Fib Area 2 reached...
Is GU ready to turn bullish? Let's read the market. 1. We have approached significant resistance point coming from the Daily chart 2. High Speed Index of 26.5 on the down move - nothing like that for the last three days - therefore most probably buyers. 3...
Why USDCAD started up trending and if its going to continue or respect the Fib are and reverse? 1. First significant up volume wave. 2. Little volume down waves. 3. High Speed Index of 40.9 - which means too much volume for this pip move and since we broke up these were buyers on the down move. 4...