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DAY 4 - STRUCTURE & BIAS OF THE MARKET

"Focus more on the structure and bias of the market, rather than looking for setups. If you are clear on the structure and bias, trade opportunity will reveal itself"
Identifying Highs & Lows is essential part of my trading. It saves me from being on wrong side of market majority of times. Lot of traders get stuck into conventional way of drawing highs & lows, but fail to understand its not about perfection, its about understanding market pulse by taking guidance from past swings, concentrating …
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Next week forecasts

Friday euro was headed for a 10th straight loss against the USD.
The path for the euro doesn’t look much good in the short term, with an Italian referendum and mor monetary stimulus from the ECB.
For the next week forecast
EURUSD:
Bias: Bearish
The pair was downwards last week, going below the resistance 1.0600 (+-)
There is a possibility of further downwards movement
USDJPY:
Bias: Bullish
A strong bullish pattern as been confirmed
The outlook on JPY pairs remains bullish for this week .
GBPU
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AUD/USD-Bullish Reversal !


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fan Lines,Support & Resistance,EMA:3,5,13,21,50,100,200.
Current Level : 0.8979

AUD/USD is in a very interesting set up right now. If we watch closely on the 4 Hours chart we can see that the pair made a major resitance at (0.9095) and afterwards descended in a bearish trend forming an important support zone at the (0.8660) price level from where the price action started another rally.
As we can see we had in the first half of
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Metal_Mind 27 3月

UPDATE 1: Excelent prediction. I anticipated very well the bullish reversal and this occured  as i predicted it in two phases with 2 higher supports zone as i draw it in my chart. The target has already been reached , the current price level is 0.9263 that beeing a  140 pips deviation above target. Excepting the deviation the prediction is excelent.

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Metal_Mind 28 3月

UPDATE 2: Today the pair seem to make a minor retracement. The closing  price was 0.9253 reducing the deviation to 130 pips. The prospects are good for this prediction.

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Metal_Mind 31 3月

UPDATE 3: Current price level is 0.9270  which  increases the deviation to 152 pips.With only several hours to go , without any event the target looks pretty far.

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