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.

Again, very similar to the last analysis, price has not changed much except for the buyers seen breaking through the round number 1.36000 to the upside.

A small ascending triangle has formed with price breaking out north, price will likely retest this triangle before a rally higher in price is seen where there is little to the left stopping buyers from hitting minor resistance at 1.36666 above.

Price still remains capped between demand below at 1.35036-1.35312 and supply above at 1.36666 (minor resistance). A break above this supply could see price testing oncoming supply at 1.37235-1.37005; conversely, if price breaks the demand area (levels above) below, price could very well hit demand at 1.33995-1.34298.

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 is still currently capped between demand at 1.35036-1.35312 and (supply) minor resistance above at 1.36666. Price has formed a small ascending triangle with a break north being seen, which will likely push prices higher to at least the minor resistance (1.36666) level, where we currently have a P.A confirmation sell order set at 1.36625.

  • 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:

Weekly TF.

Below on the weekly timeframe, we are seeing the sellers beginning to show more interest around the weekly supply area at 1.76290-1.70490.

gbpusdweekly

Daily TF.

Here on the daily timeframe, we are starting to see signs that the three wicks above daily supply at 1.70410-1.68880 may well have been fakeouts. The first trouble area for the sellers on this timeframe is the S/R flip level below at 1.69210.

gbpusddaily

4hr TF.

Chart 1 below shows the reaction/bounce off of the round number 1.70000 was very short lived! A strong break to the downside of the round number was seen, leaving anyone who was initially long there little choice but to cover their positions. A small retest of the round number level is currently being seen at the time of writing, with sellers showing a little interest at the moment. None of the above should come as a big surprise though as we are in higher-timeframe supply as shown above.

Chart 1:

gbpusdh4 chart 1

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 has now been cancelled, price dropped too far from the entry level at 1.70034, with the buyers also being unable to consume any sellers at the high marked with an x at 1.70597 seen on chart 1 above.
  • Pending sell orders (Green line) are seen just within supply (1.70320-1.70233) at 1.70241. A pending sell order is valid here due this being the last decision point seen before pro money broke the round number 1.70000 to the downside meaning unfilled order may be left there.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

Chart 2 below shows some of the alterations made regarding our current buy orders. Price has formed a new (supply) decision point area at 1.70320-1.70233 with price now seen being capped between the supply area just mentioned and demand (minor support) below at 1.69431.

There is very little stopping price from hitting minor support below at 1.69431, however pro money may require more liquidity (buy orders) to sell into before this push to the down side is seen, a prefect level would more than likely be the last decision point area above at 1.70241.

Chart 2:

gbpusdh4 chart 2

Quick Recap:

Sellers really took control of the market recently as a clean break south of the round number 1.70000 was seen, which was reported may happen in the last analysis. Our P.A confirmation buy order set at 1.70034 has now been removed due to price dropping too far from the entry level. A new pending sell order is seen just above the round number (level above) within supply (decision point area 1.70320-1.70233) at 1.70241. Price will likely push higher to the last decision point level just mentioned before any lower prices are seen.

  • 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).
  • Areas to watch for sell orders: P.O: 1.70241 (SL: 1.70352 TP: [1] 1.70000, subject to change depending on how future price action unfolds) P.A.C: No P.A confirmation sell orders seen in the current market environment.

 

AUD/USD:

4hr TF.

Price reacted beautifully around the highs 0.94613 consuming the buyers at the round number 0.94000 in the process. However, do be prepared for price to react bullishly around the 0.93894 area as this was the decision area made by pro money to push price higher in the first place.

Price will likely see a small rally from where it is currently trading at the moment, to around the round number 0.94000, then the sellers will possibly take over and drop price to the next demand area (D/S flip area) at 0.93186-0.93345 below.

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 (marked with a circle), the first target set at 0.93894 has been hit, and the second target is seen below at 0.93436.
  • No P.A confirmation sell orders (Red line) are seen in the current market environment.

audusdh4

Quick Recap:

Sellers have been seen being well and truly in control, price reacted beautifully off of the highs at 0.94613, filling our pending sell order at 0.94447 with little to no drawdown, with price currently showing no signs of stopping just yet. Price will likely see a small reaction at where it is currently trading now (0.93861) as this was the last decision area before price saw a higher high. However the overall bias for the moment is selling, so expect sellers to come in at around the round number 0.94000, to continue on its way south.

  • 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 (Active – 1st target hit) (SL: 0.94667 TP: [1] 0.93894 [2] 0.93436). P.A.C: No P.A confirmation sell orders seen in the current market environment.

 

USD/JPY:

Daily TF.

As we can see on the daily timeframe below, price is not showing much movement in between supply (minor resistance) at 102.645 and demand below at 101.532-100.787.

usdjpydaily

4hr TF.

As shown already above on the daily timeframe, price is showing very little movement on the 4hr timeframe also. The round number 102.000 has seen a touch recently with the sellers showing very little interest in taking things further south.

As nothing technically has changed since the last analysis, it is worth keeping the following in mind:

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:

Exactly the same as yesterday’s analysis: 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.

The buyers are beginning to show the upper hand as price is seen rallying towards supply (D/S flip area) at 0.80348-0.80576.

eurgbpdaily

4hr TF.

There were clearly little to no sellers left at the round number 0.80000 and the supply area (D/S flip area) at 0.80053-0.80176, as price burst through both levels with a full-bodied bullish candle.

A drop to the downside could still be seen even though we are seeing price trading out of higher timeframe demand (levels above) as pro money love to confuse the retail crowd. The reason a drop to the downside could be seen is because this would be beneficial to the pros, they require liquidity, sell orders in this case, to buy into, and they can only attain this, by pushing price south enticing sellers to follow and stopping out traders going long on the lower timeframes, thus giving them plenty of sell orders to buy into.

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:

Buyers are currently seen being in control with both the round number 0.80000 and 4hr supply (D/S flip area) at 0.80053-0.80176 being consumed. A drop to the downside to demand at 0.79405-0.79552 may still be seen as pro money may not have enough liquidity for a push up higher just yet.

  • 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.

Active buyers are seen around the base of demand at 1.05609-1.07372; look at that tidy tail forming!

usdcadweekly

Daily TF.

The buying currently seen on the daily timeframe does not possess the energy it should have when trading out of a weekly demand area (levels above), so do be prepared for sellers to take over and push price to the downside to daily demand at 1.05883-1.06779.

usdcaddaily

4hr TF.

Price appears to be consolidating around the 4hr S/R flip level at 1.07266, with no direction being shown yet.

Much the same as the last analysis:

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 (which was) demand 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:

Patience is definitely required here at the S/R flip level (1.07266) as price is currently consolidating around our buy confirmation order at 1.07325. A positive break below this level could see the round number 1.07000 being tested as explained in the last analysis. It is very difficult to give an likely analysis of this pair since price could very well do one of two things: 1. Price will react hard from weekly demand (1.05609-1.07372) thus confirming our P.A confirmation buy order mentioned above, or, 2. Price will drop hard towards daily demand at 1.05883-1.06779, and then see a bullish reaction, the beautiful thing about this though is that price would never leave the confines of the weekly demand area (levels above), as all it would look like on the weekly timeframe is a deep test of demand. We currently favor option number two as pro money love to get the cheapest prices in areas of interest.

  • 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.

The sellers sold heavily into the ‘possible’ decision point area at 0.89283, only to have the buyers switch direction nearly to the pip off of this level. This decision point area was only a possibility because of the way price was behaving; the small consolidating price action seen just above could have proved to be a serious trouble area if we attempted to go long, but in this case it was proved to be wrong!

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:

The ‘unsure’ decision point area at 0.89283 proved to be a nice area for a reaction, however, we currently have small  position left in the market from our sell entry up at 0.90063, so a break south of the aforementioned decision point area is ideally what we want to see happen next. Price will likely see a rally towards the lower limit of the mini range above at 0.89643, before any lower prices are seen, hopefully breaking the decision point area in the process.

  • 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.

The daily timeframe shows that both buyers and sellers within the daily supply area at 1331.13-1318.24 have been active, with the sellers beginning to come out ahead at the time of writing.

xauusddaily

4hr TF.

The decision point supply area at 1331.13-1327.42 was nearly hit recently, a further test may be likely depending on how much liquidity pro money need to obtain to break the lower demand (S/D flip area) at 1314.49-1309.37.

Price now remains capped between the demand and supply area just mentioned above. If a break is seen above the supply just mentioned, we could possibly see price testing oncoming supply a little higher up at 1342.46-1337.02, conversely, a break below demand (levels above) would likely see price testing the S/D flip area below at 1284.88-1280.74.

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 (which was at the time of writing) supply at 1293.47-1285.52, as per the previous confirmation buy order originally set at 1266.00 (See Thursday 19th June for details).
  • 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 has shown more activity was recently seen within daily supply at 1331.13-1318.24, while the 4hr timeframe shows our pending sell order set at 1325.90 was nearly filled today, a shame really as we would have been sitting in a nice profit by now! The aforementioned pending sell order will be remain in place as a further test of this area is likely to happen before a break of demand (S/D flip area) at 1314.49-1309.37 is seen.

  • 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.