For the readers’ benefit:

Price action confirmation: simply means traders will likely wait for price action to confirm a level by consuming the opposing supply or demand area, then entering a trade on a possible retracement, this may occur on the lower timeframes also.

Pending orders: means pending orders are likely seen.


EUR/USD:

4hr TF.

Technically, not a lot has changed with price still capped between demand below at 1.35036-1.35312 and supply above at 1.36666 (minor resistance); this was to be expected as the Monday trading sessions are notoriously slow. The weekend gap was nothing drastic with the opening price being seen at 1.35930, just below Friday’s close at 1.35997.

Price saw a small rally into the round number 1.36000, and made a high of 1.36136 before seeing a full-bodied bearish candle to the downside.

The demand level just below at 1.35036-1.35312 has been likely ‘used up’ (majority of demand/buyers consumed, marked with arrows), meaning little to no active buyers being left there, so do be prepared for a spike/tail below this area sometime today or tomorrow, before any higher prices are seen, as do not forget that we’re trading in and around higher-timeframe demand at the moment (Weekly: 1.34770-1.36771 Daily: 1.34770-1.35557).

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen around demand (1.33995-1.34298) at 1.34368.  This demand area will more than likely see some sort of reaction due to its location seen to the left.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) seen at 1.36955 just below supply at 1.37235-1.37005 are set here since this level remains untouched, meaning unfilled orders are likely still set around this area.
  • P.A confirmation sell orders (Red line) are visible below the minor resistance 1.36666 at 1.36625, this level has proved valid in the past, but still needs to be confirmed due to a spike/wick (circled) seen above resistance, which may have consumed most of the sellers originally there. Do be on your guard with the sell orders above; the higher-timeframes are currently indicating that higher prices may be seen this week (Weekly demand: 1.34770-1.36771 Daily demand: 1.34770-1.35557).

eurusdh4

 

Quick Recap:

Price still remains trading within supply above at 1.36666 (minor resistance), and demand below at 1.35036-1.35312 with an attempt to break either area yet to be seen. Price still remains in higher-timeframe demand (Weekly: 1.34770-1.36771 Daily: 1.34770-1.35557), so higher prices are still naturally expected. Watch the demand area at 1.35036-1.35312 to see a break (spike/tail) below to demand at 1.33995-1.34298 before any higher prices are seen.

  • Areas to watch for buy orders: P.O: 1.34368 (SL: 1.33926 TP: Dependent on how price action approaches the zone) P.A.C: No P.A confirmation orders seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.36955 (SL: 1.37270 TP: [1] 1.36666 [2] 1.36000) P.A.C: 1.36625 (SL: 1.36810 TP: Dependent on where price ‘confirms’ the level).

 

GBP/USD:

4hr TF.

A quick look at the higher timeframes show price is currently seeing a small reaction off of weekly supply at 1.76290-1.70490, whilst on the daily timeframe, supply at 1.70410-1.68880 has seen a small break above, this could just be a fakeout though, considering we have just hit weekly supply (levels above).

On the 4hr timeframe a reaction at the big figure number 1.70000 has been seen, however considering we are in higher-timeframe supply as explained above, a strong rally higher is unlikely with a break lower seeming more logical at the time of writing..

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen at 1.67610 just above demand at 1.67378-1.67583. A pending order is valid here due to the momentum away from the demand area, indicating orders may be left unfilled here.
  • P.A confirmation buy orders (Red line) are seen just above the round number 1.68000 at 1.68038. A reaction may be likely here because of the way pro money used this level to rally prices higher with force, a quick change in direction like this likely indicates pro money activity, thus, all of their orders may have not been filled at that time. The reason a pending order is not used here is because pro money, on a regular basis perform deep stop hunts around big figure levels (1.68000), and these tails/wicks can be huge sometimes, hence the need to wait for confirmation.
  • P.A confirmation buy orders (Red line) are seen just above minor support (1.69431) at 1.69482. A reaction north is likely to be seen here, however we are currently seeing higher-timeframe supply being hit on the weekly timeframe at 1.76290-1.70490, hence the need for a confirmation buy order, rather than a pending buy order.
  • The P.A confirmation buy order (Red line) set just above the round number 1.70000 at 1.70034 is now active. For this level to be confirmed, buyers will need to rally price and consume the majority of sellers around the high marked with an x at 1.70597, a pending buy order can then be set, awaiting a possible retracement.
  • No pending sell orders (Green line) are seen in the current market environment.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

gbpusdh4

Quick Recap:

Price is currently still trading within higher-timeframe supply (Weekly: 1.76290-1.70490 Daily: 1.70410-1.68880), so lower prices are naturally expected to be seen. The 4hr is currently trading above the round number 1.70000, however, any traders who were long there, may want to consider closing some of their position considering our higher-timeframe location. This is the main reason we set a confirmation buy order, rather than a pending buy order here (1.70034).

  • Areas to watch for buy orders: P.O: 1.67610 (SL: 1.67345 TP: [1] 1.68000 [2] 1.69000 [likely to be changed, depending on price approach]). P.A.C: 1.68038 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed). 1.69482 (likely to be set at 1.69176 TP: Dependent on approaching price action after the level has been confirmed) 1.70034 (Active-awaiting confirmation) (SL: likely to be set at 1.69811 TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: No P.A confirmation sell orders seen in the current market environment.

 

AUD/USD:

4hr TF.

The buyers have certainly been busy; a full-bodied bullish candle has been seen trading right into our circled area at the highs 0.94613, where the sellers are just beginning to show a little interest.

This was clearly planned by pro money, notice how they consumed the sellers around the high below at 0.94375 (marked with a thumbs up sign) before, to clear a path north up to the high seen at 0.94613.

A bearish reaction is likely to be seen here considering we are in daily higher-timeframe supply, albeit with a weak appearance at 0.94468-0.93758.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • P.A confirmation buy orders (Red line) are seen at 0.92231 just above demand at 0.92037-0.92203. It would be too risky to set a pending order around this area, since deep spikes into this demand zone have been seen (levels above) possibly consuming the majority of buyers in the process.
  • P.A confirmation buy orders (Red line) are visible just above the round number 0.93000 at 0.93025. We require confirmation of this level because previous price action has warned us deep tests both north and south happen on a regular basis, hence the need to wait for confirmation rather than getting stopped out time after time through lack of patience.
  • The pending sell order (Green line) set at 0.94447 around the high 0.94613 is now active. Keep a close eye on the first target set at 0.93894.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

audusdh4

Quick Recap:

Our pending sell order has been filled at 0.94447 around the high (0.94613), it is likely a bearish reaction will be seen here to at least the last decision point around the 0.93894 which is where our first take profit level is set at, if/when our first target gets hit, we will move our stop, and begin following price more closely.

  • Areas to watch for buy orders: P.O: No pending buy orders are seen with current price action. P.A.C: 0.92231 (SL: more than likely will be at 0.91984 TP: Dependent on approaching price action after the level has been confirmed) 0.93025 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: 0.94447 (SL: 0.94667 TP: [1] 0.93894 [2] 0.93371). P.A.C: No P.A confirmation sell orders seen in the current market environment.

USD/JPY:

4hr TF.

Price opened at 102.113; from then on the sellers have been seen very active breaking the round number 102.000 in the process, with little to no interest being shown by the buyers yet.

A possible decision point area may have been formed at 102.096, the reason this area remains a possibility is because price has yet to consume the buyers around the low 101.739 (marked with a check sign), if this does happen, this area will be a great place to set pending sell orders at.

Another piece of information available on the chart is how the buyers have formed a small up trend, but it is not the trend we are interested in at the moment, it is the way the majority of demand (buyers) has been consumed by the sellers, in theory price is free to drop to at least the next major decision point (101.542) within demand at 101.427-101.660, however this depends on whether pro money have enough buyers to sell into (liquidity), if not they will need to buy price back up to the last decision point at around 102.367 at the time of writing.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen deeper within demand (101.427-101.660) at 101.542. A pending order is valid here since pro money are frequently seen testing deeper in confirmed demand areas such as this, for active buyers.
  • No P.A confirmation buy orders (red line) are seen in the current market environment.
  • Pending sell orders (Green line) are visible at 102.980, deep within supply (103.055-102.742), this area may well appear to be weak now, but the way price reacted at the circled area within supply indicates pro money activity, meaning sell orders may be left unfilled there, so a pending sell order is permitted.
  • Near-term pending sell orders (Green line) are seen at 102.367. A pending order is valid here since this is the area where pro money made the ‘decision’ to take prices lower into demand (101.427-101.660), unfilled sell orders were likely left there in the process.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

usdjpyh4

Quick Recap:

Pro money appears to have consumed the majority of buyers (marked with a trendline) as they have been pushing price up, ultimately clearing the path south for possible heavy selling. However, pro money may not have the liquidity for a sell off to commence, hence the need to bring price back up to the last logical decision point, which at the time of writing is 102.367 as the one below it, is only a ‘possible’ decision point area at the moment. The next few days will prove to be quite exciting for this pair with some nice-moving price action expected.

  • Areas to watch for buy orders: P.O: 101.542 (SL: 101.389 TP: 102.000 but may well change if the market sees any new developments) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 102.980 (SL: 103.108 TP: 102.117, but may well change if the market sees any new developments) 102.367 (SL: 102.458 TP: Dependent on how price action approaches this area). P.A.C: No P.A confirmation sell orders are seen in the current market environment.

 

EUR/GBP:

Daily TF.

Buyers and sellers on the daily timeframe are clearly not showing much in the way of possible direction, as all price seems to be doing is dancing about just above daily demand at 0.79282-0.79649.

Price still remains capped between supply above at 0.80348-0.80576 and demand below at 0.79282-0.79649.

eurgbpdaily

4hr TF.

The market opened at 0.79866  just below Friday’s close at 0.79924,  we then saw a small decline in value, before the buyers took over pushing price higher nearly hitting the round number 0.80000 (at the time of writing).

If there are still active sellers around the round number 0.80000 and the supply area (D/S flip area) just above it at 0.80053-0.80176, we may yet see a fakeout  of the decision point area (marked with a small horizontal line) at 0.79689 into demand below at 0.79405-0.79552.

Pending/P.A confirmation orders:

  • A pending buy order (Green line) has been set at 0.79580 just above demand at 0.79405-0.79552. The rationale behind this is because buyers have likely consumed the majority of the sellers lurking around supply (D/S flip area) at 0.80053-0.80176, likely clearing the path for higher prices. A small retracement will possibly be seen to collect more buyers for a rally higher, thus triggering our pending buy order.
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • No pending sell orders (Green line) are seen in the current market environment.
  • P.A confirmation sell orders (Red line) under the S/R flip level 0.81403 at 0.81393 is an area where a reaction is likely, however there were too many wicks north seen marked with arrows, indicating sellers are drying up, thus, the need to wait for more confirmation.
  • P.A confirmation sell orders (Red line) are seen just under supply (0.80869-0.80771) at 0.80752. Confirmation orders were used here because price is trading around a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.
  • P.A confirmation sell orders (Red line) are seen just below supply (0.80647-0.80583) at 0.80293. Confirmation orders were used here because price could easily consume this supply level as we are currently deep within a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.

eurgbph4

Quick Recap:

Price is currently seen trading around daily demand at 0.79282-0.79649, with the buyers or sellers not showing much interest at the moment. The 4hr timeframe is showing price trading between supply at 0.80053-0.80176 and demand below at 0.79405-0.79552. Price will likely see a bearish reaction around the round number 0.80000, or even at the supply area just above at 0.80053-0.80176, possibly bringing price down to true demand at 0.79405-0.79552, faking the previous decision point level (0.79689), and filling our pending buy order at 0.79580 in the process.

  • Areas to watch for buy orders: P.O: 0.79580 (SL: 0.79368 TP:  [1] 0.80000 [2] 0.80583 [May change if any new developments in the market are seen]) P.A.C: No P.A confirmation buy orders are seen in the current market environment.
  • Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: 0.81393 (SL: Will be likely set at 0.81564 TP: Will be likely set at the round number 0.81000) 0.80752 (SL: likely to be set at 0.80900 TP: Dependent on where price ‘confirms’ the level) 0.80293 (SL: likely to be set at 0.80648 TP: Dependent on where price ‘confirms’ the level).

 

USD/CAD:

Weekly TF.

A slight bullish reaction has been seen around the weekly demand area at 1.05609-1.07372, the first trouble area for the buyers on this timeframe is the S/R flip level 1.08438.

usdcadweekly

Daily TF.

Price does indeed seem to be reacting off of the weekly demand area, however on the daily timeframe; price still has the opportunity to drop lower into daily demand seen at 1.05883-1.06779 which is deep with the weekly demand area mentioned above.

usdcaddaily

4hr TF.

The market opened at 1.07539 just below Friday’s close at 1.07573, following this, the sellers got to work, with buyers showing very little interest until price hit the 4hr S/R flip level at 1.07266.

This area is a very tricky one, as this is also the (top) base of the weekly demand area mentioned above, and price could very easily drop lower into daily demand as seen above, so all traders who have gone long around this area need to watch price very carefully for any signs of weakness..

At the time of writing price is capped between the 4hr S/R flip level just mentioned above and the round number 1.08000 acting as temporary resistance for now. A break below the S/R flip level could see price testing the round number 1.07000, conversely, a break above the round number 1.08000 (temporary resistance) could force price to test the decision point area (supply) at 1.08226.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • The P.A confirmation buy order (Red line) set just above the S/R flip level (1.07266) at 1.07325 is now active. Buyers will need to confirm this level by consuming the sellers around the high 1.07759 marked with an x, a pending buy order can then be set, awaiting a possible retracement.
  • Pending sell orders (Green line) are seen at 1.08975, within supply (1.08907-1.09047) just below the round number 1.09000. A pending sell order is permitted to be set here since the sellers confirmed this area from the previous confirmation sell order that was originally set at 1.08876 by consuming the majority of the buyers situated in and around demand below at 1.08142-1.08330 (Seen on Thursday 19th June daily analysis).
  • Pending sell orders (Green line) are seen within the decision point supply area (1.08251-1.08164) at 1.08226. Pending orders are valid here due this likely being the work of pro money, the momentum out of the zone is only caused by traders with big accounts, and when pro money move the market, all of their orders here were unlikely to have been filled, hence a pending order being logical here.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

usdcadh4

Quick Recap:

Buyers are seen reacting at weekly demand (1.05609-1.07372), with the daily timeframe showing the possibility of lower prices being seen into daily demand at 1.05883-1.06779. The 4hr timeframe sees buyers beginning to show interest around the S/R flip level at 1.07266 which also triggered out confirmation buy order set at 1.07325, however this level could very well see a break to the downside as pro money know a lot of traders will have their stops in and around this level, and that daily demand (levels above) is just below all contained nicely within weekly demand (levels above).

  • Areas to watch for buy orders: P.O: There are no pending buy orders seen within the current market environment. P.A.C: 1.07325 (Active-awaiting confirmation) SL: likely to be set at 1.07152 TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O:1.08975 (SL: 1.09059 TP: 1.08330 [May change if any new developments in the market are seen]) 1.08226 (SL: 1.08357 TP: Dependent on approaching price action) P.A.C: There are no P.A confirmation sell orders seen within the current market environment.

 

USD/CHF:

4hr TF.

Both buyers and sellers have been very quiet since the market opened at 0.89474. Technically, nothing has changed since the last analysis, except the buyers made another attempt at the lower limits of the ‘mini range’ (0.90116/0.89643), but failed miserably in their endeavor.

A possible decision point (demand) area has formed at 0.89283, the reason it is not yet a confirmed decision point area is because of the way price is currently behaving, this small consolidating price action seen just above could prove to be a serious trouble area if we were to attempt to go long at 0.89283, we will let price action unfold to see what occurs.

Price now remains capped between demand at 0.89283 and the lower limit of the mini range (resistance) at 0.89643.

Pending/P.A confirmation orders:

  • No pending buy orders (Green line) are seen in the current market environment.
  • P.A confirmation buy orders (Red line) are seen just above the daily S/R flip level (0.88501) at 0.88533. This level needs to see some confirming price action before any entry is placed in the market, due to their being no logical area for a stop loss order.
  • Near-term P.A confirmation buy orders (Red line) are seen within demand (0.88973-0.89168) at 0.89029, just above the round number 0.89000, as price may retrace to demand to collect unfilled orders deeper within this area.
  • The pending sell order (Green line) visible at the base of supply (0.90381-0.90033) just above the round number 0.90000 at 0.90063 still remains active. The first target has been hit at 0.89168, we are allowing our final position to run, giving price room to move and hopefully hit our final target at 0.88501.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

 

usdchfh4

Quick Recap:

Not much has been happening on this pair, our sell order remains active at 0.90063, and a break below the possible decision point area at 0.89283 is what we ideally want to see, as this will give us more confidence to keep our remaining position open. Price will likely trade within where it is currently capped (demand at 0.89283 and the lower limit of the mini range [resistance] at 0.89643) during the lower volume sessions, once volatility picks up, a break below the decision point area (demand) at 0.89283 forcing price to test the round number below at 0.89000 could possibly happen

  • Areas to watch for buy orders: P.O: There are no pending buy orders seen in the current market environment. P.A.C: 0.88533 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed) 0.89029 (SL: likely to be set at 0.88784 TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: (Active – 1st target hit) 0.90063 (SL: 0.90412 TP: [1] 0.89168 [2] 0.88501) P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment

 

XAU/USD (GOLD)

Daily TF.

Buyers and sellers are currently battling it out in and around daily supply at 1331.13-1318.24, with either side not showing much strength at the moment.

xauusddaily

4hr TF.

The market opened at 1313.10 below Friday’s close at 1314.62; following this the buyers or sellers have not made any worthwhile attempts to break either temporary demand (S/D flip area) at 1314.49-1309.37 or supply above at 1331.13-1327.42.

A test of supply is very likely to happen as pro money love to get the best prices, and the best prices at the time of writing is deep within daily supply at 1331.13-1318.24 (see above) just below 4hr supply (1331.13-1327.42) at 1325.90.

Pending/P.A confirmation orders:

  • Pending buy orders (Green line) are seen within demand (S/D flip area… 1284.88-1280.74) at 1282.82. We have set a pending buy order here due to the fact there was a decision made here (marked by the black horizontal level, when decisions are made by pro money, they may be unfilled buy orders left there, hence the fact we have set our pending order there.
  • Pending buy orders (Green line) are seen just above demand (1258.57-1265.27) at 1268.91. We are permitted to set a pending buy order here as the buyers have consumed sellers within supply above at 1293.47-1285.52 as per the previous confirmation buy order originally set at 1266.00 (See Thursday 19th June).
  • No P.A confirmation buy orders (Red line) are seen in the current market environment.
  • Pending sell orders (Green line) are seen just below the supply/decision point (1331.13-1327.42) at 1325.90. A pending sell order was set here because this area is deep within daily supply (1331.13-1318.24) and the momentum away from the area indicates unfilled orders may well be left there.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

xauusdh4

Quick Recap:

The daily timeframe shows price is currently trading in and around supply at 1331.13-1318.24, while on the 4hr timeframe price is currently capped between demand at 1314.49-1309.37 and supply above at 1331.13-1327.42. The supply area just mentioned is likely to see a touch before a positive break below demand (levels above) happens, as pro money love to get the cheapest prices!

  • Areas to watch for buy orders: P.O: 1268.91 (SL: 1264.30 TP: Dependent on approaching price action) 1282.82 (SL: 1275.12 TP: Dependent on approaching price action). P.A.C: There are currently no P.A confirmation buy orders seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1325.90 (SL: 1332.71 TP: Dependent on approaching price action).   P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment.