For the readers’ benefit:

Price action confirmation: Simplymeans traders will likely wait for price action to confirm a level by consuming an 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.       

The higher-timeframe picture resembles the following:

  • Weekly TF: At the time of writing, it appears a break below the weekly demand area at 1.32940-1.34847 will be seen, if so, we can likely expect price is free to hit the weekly demand area at 1.31037-1.32262 which is a beautiful-looking area.
  • Daily TF: A decision has been made to break below the daily level of interest at 1.33559; on this timeframe we see very little stopping the sellers from pushing price all the way down to daily demand at 1.31037-1.31755 (which is conveniently located within weekly demand – see above). We will now be closely watching the broken daily level for a retest as resistance.

Some interesting developments have been seen on this pair. The 4hr demand area at 1.33360-1.33619 has seen a strong break south. Take a look to the far left of current price, what do you see? We see consumed demand, as pro money was pushing prices higher, they were spiking south collecting their unfilled buy orders, but at the same time clearing the path south for any future selling.

Considering we are looking for a retest of the daily level of interest at 1.33559, pro money will need liquidity (sell orders for their buy orders). Just below is the round number 1.33, which is begging to be faked past into the 4hr decision-point level at 1.32758. We’re likely going to see a push further down to these areas sometime soon, and then a rally back up to 1.33559 level which is located within the 4hr D/S flip area at 1.33360-1.33619. As such, we have placed a P.A confirmation buy level just above the round number at 1.33046 and a pending buy order just above the 4hr decision-point level at 1.32798, so do keep an eye on these levels.

Pending orders/P.A confirmation levels:

  • The pending buy order (Green line) set within 4hr demand (1.33360-1.33619) at 1.33526 has been stopped out with a little profit already locked in.
  • New pending buy orders (Green line) are seen just above the 4hr decision-point level (1.32758) at 1.32798. This area is fresh, and will likely see a bounce at the very least due to this being a previous level where serious buying interest was seen before.
  • New P.A confirmation buy levels (Red line) are seen just above the round number 1.33 at 1.33046. An order such as this has been placed here since a deep spike/test may be seen down to the 4hr decision-point level at 1.32758.
  • The pending sell order (Green line) set just below the 4hr D/S flip area (1.34760-1.34943) at 1.34753 has been removed since price traded too far south for the time being.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

EURUSD 4HR

Quick Recap:

We have a P.A confirmation buy level set just above the round number 1.33 at 1.33046, and also a pending buy order set just above the 4hr decision-point level (1.32758) at 1.32798, as it is very likely price could react at either one of these levels before a push higher is seen back up to the 4hr D/S flip area at 1.33360-1.33619 for a retest.

  • Areas to watch for buy orders: P.O: 1.32798 (SL: 1.32472 TP: Dependent on how price approaches). P.A.C: 1.33046 (SL: Dependent on 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: No pending sell orders are seen in the current market environment. P.A.C: No P.A confirmation sell levels are seen in the current market environment.

 

GBP/USD:

4hr TF.       

The higher-timeframe picture resembles the following:

  • Weekly TF: The next weekly demand area at 1.64589-1.66339 has been hit, price now remains capped between this area and a weekly D/S flip area above at 1.66917-1.67939.
  • Daily TF: A nice-looking daily demand area at 1.65492-1.66044 has recently seen a touch, and at the time of writing, some buying interest is being seen.

Ouch! What a shame we did not have a pending sell order set at the 4hr D/S flip area (1.67389-1.67561), instead we had a P.A confirmation sell level set just below at 1.67327.

A 4hr demand area at 1.65492-1.65809 has been spotted within the daily demand area mentioned above. This 4hr demand area will very likely see a reaction. The round number 1.66 is situated just above this area, perfect for a fakeout, when we say fakeout we’re usually referring to stops being taken. Just below this round number there is no doubt countless traders’ stops who are going to attempt to fade the level, and also don’t forget the breakout sellers’ orders below. All these sell orders will likely be gobbled up as liquidity by pro money if we see a break down into the aforementioned 4hr demand area for a rally higher

Pending orders/P.A confirmation levels:

  • New pending buy orders (Green line) are seen just above 4hr demand (1.65492-1.65809) at 1.65878. The reasoning behind setting a pending buy order here is mainly because price would be then trading deep within a daily demand area at 1.65492-1.66044.
  • No P.A confirmation buy levels (Red line) are seen in the current market environment.
  • New pending sell orders (Green line) are seen just below the 4hr D/S flip area (1.67389-1.67561) at 1.67327. We have set a pending sell order here because (which was a requirement at the time) the sellers proved this area by consuming the low below at 1.66757.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

GBPUSD 4HR

Quick Recap:

Price is currently trading very near the round number 1.66, a reaction could be seen there, however what we’re watching for is a fakeout below this level into the 4hr demand area at 1.65492-1.65809 where we currently have a pending buy order set just above at 1.65878.

  • Areas to watch for buy orders: P.O: 1.65878 SL: 1.65357 TP: Dependent on how price approaches).  P.A.C: No P.A confirmation buy levels are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.67327 (SL: 1.67621 TP: Dependent on how price approaches) P.A.C: No P.A confirmation sell levels are seen in the current market environment.

 

AUD/USD:

4hr TF.       

The higher-timeframe picture resembles the following:

  • Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
  • Daily TF: Price still remains caught trading between the daily demand area 0.92046-0.92354, and a daily decision-point level at 0.93529. A break above could see prices test daily supply at 0.94729-0.94175, conversely, a break below will likely see a push south towards a daily R/S flip level at 0.91323. Let’s also not forget, if a break below is indeed seen, this would effectively mean that price has broken below the weekly consolidation area (levels above) as well.

A break above the high 0.93333 was indeed seen, and price as expected traded above to the 4hr supply area marked with a green flag at around 0.93529, and this is where active sellers came into the market.

Price has been pushed to the down past the round number 0.93, which is fantastic in our opinion since the stops below this round number are likely going to be used as liquidity for pro money to buy into (stops from the traders attempting to fade will become sell orders once triggered), as price is likely free to fill our pending buy order set just above the 4hr R/S flip level (0.92815) at 0.92857. If this does happen, we will then have two active buy orders in the market, one from way down at 0.92417, and this one, which now all have the same target, the 4hr supply area above at 0.93728.

Pending/P.A confirmation levels:

  • The pending buy order (Green line) set just above the 4hr decision-point level (0.92384) at 0.92417 is now active. Our second take-profit target has recently been hit at 0.93, so do keep an eye out for our third and final take-profit target set at 0.93728.
  • Pending buy orders (Green line) are seen just above a minor 4hr R/S flip level (0.92815) at 0.92857. The reasoning behind setting a pending buy order here is simply because the buyers pushed off nicely from this level, and consumed what appears to be most of the sellers around the high marked with a circle at 0.93185 possibly clearing the path north, so if price does indeed return to this area, a first-time reaction is very much expected.
  • No P.A confirmation buy levels (Red line) are seen in the current environment.
  • No pending sell orders (Green line) are seen in the current environment.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

AUDUSD 4HR

Quick Recap:

we are looking for price to close below the round number 0.93, and then fill our pending buy order set just above the 4hr R/S flip level (0.92815) at 0.92857, and then to continue on north up to the target 0.93728.

  • Areas to watch for buy orders: P.O: 0.92417 (Active) (SL: 0.92228 TP: [1] 0.92815 [2] 0.93 [3] 0.93728) 0.92857 (SL: 0.92700 TP: Dependent on how price approaches the area).  P.A.C: No P.A confirmation buy levels seen in the current market environment.
  • 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 levels seen in the current market environment.

 

USD/JPY:

4hr TF.       

The higher-timeframe picture resembles the following:

  • Weekly TF: price still remains trading between a long-term weekly R/S flip level at 101.206, and a weekly supply area above at 105.432-104.065.
  • Daily TF: A full-bodied bullish candle has closed above the daily resistance level at 102.713 which was reported likely since most of the sellers were thought to be consumed by the prior three wicks (103.082), we are going to be watching this level now for a retest as support.

The buyers have rocketed price north breaking out of the triangle formation, and pushing price up to the 4hr decision-point level at 102.922 where the sellers at the time of writing seem to be showing some interest.

If the sellers are intent on taking prices lower from here, we would like to see the buyers around the 4hr decision-point level consumed (marked with an arrow) at 102.596 for us to be convinced price is heading lower, as do not forget we are coming off of a heavy-weight weekly R/S flip level support on the weekly timeframe, and there is also plenty of room to move north on the daily timeframe (for details/levels-see above).

With the above in mind, a push higher into both the 4hr supply area at 103.294-102.983 and the round number 103 is definitely not out of the question, hence setting a P.A confirmation sell level rather than a pending sell order here.

Pending/P.A confirmation levels:

  • The pending buy order (Green line) set just above the 4hr demand area (101.187-101.276) at 101.282 has been cancelled since price rallied too far from the entry level for the time being.
  • The pending buy order (Green line) set just above the 4hr demand area (101.306-101.365) at 101.375 has been cancelled since price rallied too far from the entry level for the time being.
  • P.A confirmation buy levels (Red line) are seen just above the round number 102 at 102.027. The reason behind setting a P.A confirmation buy level here, and not a pending buy order is simply because as explained many times over, these round number levels are sometimes subject to deep test/spikes, which consequently stops out countless traders, we do not want to be one of them, hence the need for confirmation here.
  • No pending sell orders (Green line) are seen in the current market environment.
  • The P.A confirmation sell level (Red line) set just below a 4hr decision-point level (102.922) at 102.900 is now active and awaiting confirmation. The sellers will need to confirm this level by consuming some or most of the buyers located around the 4hr decision-point level below at 102.596 marked with an arrow.

USDJPY 4HR

Quick Recap:

Our P.A confirmation sell level has been triggered just below the 4hr decision-point level (102.922) at 102.900. From here price could very well push higher towards to the round number 103 and 4hr supply area at 103.294-102.983, if however we do see a bearish reaction here, we are looking for price to consume the 4hr decision-point level at 102.596 to prove the aforementioned 4hr decision-point level (102.922) is valid.

  • Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment.  . P.A.C: 102.027 (SL: Dependent on 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: No pending sell orders are seen in the current market environment.  P.A.C: 102.900 (Active-awaiting confirmation) (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).

 

EUR/GBP:

4hr TF        

The higher-timeframe picture resembles the following:

  • Weekly TF: A small spike above the weekly decision-point area has been seen at 0.80328-0.79780, this spike above has likely cleared some of the sellers out indicating the path north to around weekly supply above at 0.81397-0.80805 is relatively free.
  • Daily TF: A spike (0.80351) above daily supply at 0.80328-0.80024 has been seen, this spike has likely stopped out a lot of sellers attempting to fade the area. With these sellers consumed, price is very likely free to move up to the next area of interest around a daily S/R flip level at 0.80809. However, before this happens, do be prepared for decline in value back down to daily demand at 0.78862-0.79206 at least, since pro money may not have the required liquidity (sell orders for their buys) for a push further up just yet.

A clear push below the round number 0.8 was indeed seen. However, it was reported in the last analysis that if the buyers were completely consumed around the round number level, we would see a sharp decline down to the 4hr S/D flip area at 0.79792-0.79689. A sharp decline was seen, but price just missed the aforementioned 4hr S/D flip area by a few pips before price rallied back up to 4hr supply at 0.80264-0.80133.

If we see a close above the high 0.80318 marked with a red circle, then there’s very little stopping price from hitting the 4hr supply area at 0.80619-0.80409. Here’s why, The wick/high seen at 0.80351 marked with a green arrow likely cleared most of the remaining sellers around the supply area marked with a black circle at 0.80309, meaning there is very little to stop price hitting the aforementioned 4hr supply area, where we currently have a pending sell order ready and waiting at 0.80387.

Pending/P.A confirmation levels:

  • No pending buy orders (Green line) are seen in the current market environment.
  • The P.A confirmation buy level (Red line) set just above the round number 0.8 at 0.80017 has now been removed since price traded too far below the entry level.
  • Pending sell orders (Green line) are seen just below 4hr supply (0.80619-0.80409) at 0.80387. The reasoning for placing a pending sell order here is simply because the momentum from the supply base was very good, and this area remains fresh.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

EURGBP 4hr

Quick Recap:

Our P.A confirmation buy level (0.80017) has been removed, price traded too far below the entry level. We are now watching for price to close above the high marked with a red circle at 0.80318, if this does indeed happen, we very much expect price to touch the 4hr supply area above at 0.80619-0.80409 where we currently have a pending sell order ready and waiting at 0.80387.

  • Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment.P.A.C: No P.A confirmation buy levels are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 0.80387 (SL: 0.80648 TP: Dependent on how price approaches) P.A.C: No P.A confirmation sell levels are seen in the current market environment.

 

USD/CAD:

The higher-timeframe picture resembles the following:

  • Weekly TF: Upon price closing above the weekly supply area at 1.09592-1.08133, the path north is relatively free to hit the small weekly supply area above at 1.10522-1.09996, however before this happens a decline in value may well be seen all the way back down to weekly demand at 1.05715-1.07008, since pro money may need more liquidity (sells for their buys) for a further push up.
  • Daily TF: A mini tug of war was being seen around daily supply at 1.09592-1.09156 which very likely cleared the sellers out, leaving the path relatively clear up to the daily supply above at 1.10522-1.10133 (located within the weekly supply area at 1.10522-1.09996). Pro money may not have the liquidity to push prices further yet, so a decline may be seen down to the following levels: daily S/R flip level at 1.08277, a daily minor R/S flip level at 1.07932, or even the daily demand area at 1.05874-1.06680 which is conveniently located within weekly demand at 1.05715-1.07008.

The buyers at the time of writing are seen pushing price northbound into the round n number 1.09. If we see a close above this round number, then a break above the high marked with a green flag at 1.09179, we may well have an opportunity on our hands!

The green downtrend line is not to represent a trend as such, it is more to try and show what pro money may have done within this area. Notice when price was dropping, wicks north was seen to collect their unfilled sell orders to keep pushing price south. However once they consumed these major sell orders, the path north is relatively clear, so upon a break of the aforementioned high marked with a green flag, we have effectively entered into a consumed supply zone. The next set of heavy sell orders will likely be sitting around the 4hr supply area above at 1.09830-1.09652.

If price does break above this high, we’ll be watching the following levels for buying opportunities: the round number 1.09, and the 4hr demand area at 1.08441-1.08650, the target for us at the moment on this timeframe would definitely be the aforementioned 4hr supply area.

Pending/P.A confirmation levels:

  • No pending buy orders (Green line) are seen in the current market environment.
  • No P.A confirmation buy levels (Red line) are seen in the current market environment.
  • No pending sell orders (Green line) are seen in the current market environment.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

USDCAD 4HR

Quick Recap:

What we’re currently watching is for price to break above the high marked with a green flag at 1.09179, and then see if price declines down to the round number 1.09, or to around the 4hr demand area at 1.08441-1.08650 (where we’ll be looking to enter long), for a push up to at least 4hr supply at 1.09830-1.09652.

  • Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C:No P.A confirmation buy levels seen within 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: No P.A confirmation sell levels seen within the current market environment.

USD/CHF:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: Price is still seen dancing around the weekly decision-point level at 0.90927 and has been for three weeks now. A push south could see a touch of weekly demand at 0.85664-0.88124, likewise a push above could see price testing weekly supply at 0.94546-0.93081.
  • Daily TF: At the time of writing, price is still trading within a daily range. Daily supply is seen above at 0.91556-0.90985 and a daily S/D flip area below at 0.90372-0.90042.

Our active buy order set just above the 4hr decision-point level (0.90215) at 0.90233 is doing fantastic with our first take-profit level hit already at 0.90621. It is quite dangerous for us now as price could drop back down to our entry as there were no demand areas formed as price rallied.

To give us confidence to remain in this trade we would like to see a break above the high marked with a green arrow at 0.90847, price appears relatively free then to hit our second and final take-profit level at the round number 0.91.

Pending/P.A confirmation levels:

  • The pending buy order (Green line) set just above the decision-point level (0.90215) at 0.90233 is now active. Our first take-profit level set at 0.90621 has been hit, so do keep an eye on our second and final take-profit level at the round number 0.91.
  • P.A confirmation buy levels (Red line) are seen just above the round number 0.9 at 0.90026. The reasoning behind not placing a pending buy order right away is simply because this level could see a deep test, or even worse, be completely ignored!
  • P.A confirmation sell levels (Red line) are seen just below 4hr supply (0.91329-0.91141) at 0.91112. The reasoning behind setting a P.A confirmation sell order here is  because price has already visited this area once already, this likely means some of the sellers have already been consumed, so a push higher may well be seen into the 4hr supply area, or even a break above, hence the need for confirmation here.
  • Pending sell orders (Green line) are seen just below the round number 0.91 at 0.90975. Our reasoning behind setting a pending sell order here is because the sellers previously consumed most of the buyers around the low marked with a green flag at 0.90553, likely indicating the path south is clear, thus we have now placed a pending sell order awaiting a possible return.

USDCHF 4HR

Quick Recap:

Our active Buy order set at 0.90233 has hit its first take-profit level at 0.90621, however for us to remain comfortably in the trade; we would like to see a break above the high marked with a green arrow at 0.90847, this would likely clear the path north up to our second and final take-profit level at the round number 0.91.

  • Areas to watch for buy orders: P.O: 0.90233 (Active) (SL: 0.90117 TP: [1] 0.90621 [2] 0.91). P.A.C: 0.90026 (SL: Dependent on 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: 0.90975 (SL: 0.91355 TP: Dependent on how price approaches) P.A.C: 0.91112 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).

 

XAU/USD (Gold):

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04; however, current trading action is taking place nearer the weekly supply area for the time being.
  • Daily TF: Price is capped between the daily S/R flip level at 1292.52 and a daily decision-point level at 1318.96. If a break above is seen, watch for price to likely test daily supply at 1344.91-1333.55, conversely, a break below could see a drop in price down to a major daily S/R flip level at 1277.36.

A pending sell order has now been set just under the 4hr S/R flip level (1304.77) at 1304.21, since the sellers seemed to have proved this level by consuming most of the sellers around the minor low marked with an arrow at 1297.23.

Ideally what we want to see now is price rally higher to our pending sell order (level above), and then drop down to the 4hr decision-point level at 1290.72. We believe most of the demand/buying pressure has already been consumed from price pushing below the aforementioned low, and the next set of active buy orders are likely sitting around the 4hr decision-point level just mentioned, making it a great target, our second target will be the more sturdy looking 4hr S/D flip area situated just below at 1284.77-1280.53 which is where we currently have a pending buy order set just above at 1285.71.

Pending/P.A confirmation levels:

  • Pending buy orders (Green line) are seen just above 4hr demand (1258.40-1264.53) at 1266.09.  The reason a pending buy order has been set here, is because this area in our opinion remains the overall origin of a big rally to the upside, likely meaning there are a lot of unfilled buy orders siting in and around this area.
  • Pending buy orders (Green line) are seen just above the 4hr S/D flip area (1284.77-1280.53) at 1285.71. We have set a pending buy order here since the buyers have proved this to be an area of interest (they traded above the high marked with a green flag at 1297.20 – which was at the time a requirement for a pending buy order to be set), so for the time being we are now awaiting a return back to this area where our pending buy order will likely be filled in the process.
  • No P.A confirmation buy levels (Red line) are seen in the current market environment.
  • New pending sell orders (Green line) are seen just below the 4hr S/R flip level (1304.77) at 1304.21. The reasoning behind setting a pending sell order here is simply because the sellers (which was the requirement at the time) consumed some of the buyers around the low marked with an arrow at 1297.23, thus likely clearing the path south down to around the 4hr decision-point level at 1290.72.
  • P.A confirmation sell levels (Red line) are seen just below the 4hr R/S flip level (1323.04) at 1321.55. We have set a P.A confirmation sell level here simply because price could easily break above this level, and head for the 4hr supply area at 1342.30-1335.74, hence the need to wait for confirmation.

GOLD 4HR

Quick Recap:

We’re currently watching price action expecting a rally back up to the 4hr S/R flip level at 1304.77, where we currently have a pending sell order set below at 1304.21, once, or indeed if price does reach this high and our sell order is filled, we will be targeting the decision-point level below at 1290.72, as there seems to be little in the way stopping price from reaching there at the moment.

  • Areas to watch for buy orders: P.O: 1266.09 (SL: 1256.40 TP: Dependent on price approach) 1285.71 (SL: 1278.53 (TP: Dependent on price approach). P.A.C: No P.A confirmation levels are seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1304.21 (SL: 1310.48 TP: Dependent on price how price approaches) P.A.C: 1321.55 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).