Hello analysts and traders,
See below the analysis & updates on Link USD.
Based on what merit?
From a lower time frame we would be looking at around 21.2 which aligns to the Fibonacci 61.8% level.
Daily level buys - 19.77 or 20.8 where a daily imbalance is occurring.
Master key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
What does the chart show us?
From a 4 hour perspective - our two zones in grey on the 4 hour chart - we have seen a Fibonacci retracement to the 0.705, which has created a liquidity zone for buyers to continue the incline to the targets above.
Zone 1 at 0.705 is imbalance 1, imbalance 2 is between $21.7 to 20.00.
What is the long term outlook?
The original idea
Where will our analysis take us next?
Bullish scenario - we will need to break the supply on the four hour timeframe to create a new all time high close.
From here, the previous imbalance will be our respective buy zone.
on a Daily we are in a zone of rejection or creation.
Bearish?
If price falls from the high to our 4 hour trendline, then price can break or bounce
Extended target is price falling to the imbalance at $20
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
Many thanks,
Team LVPA MMXXI
See below the analysis & updates on Link USD.
Based on what merit?
From a lower time frame we would be looking at around 21.2 which aligns to the Fibonacci 61.8% level.
Daily level buys - 19.77 or 20.8 where a daily imbalance is occurring.
Master key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
What does the chart show us?
From a 4 hour perspective - our two zones in grey on the 4 hour chart - we have seen a Fibonacci retracement to the 0.705, which has created a liquidity zone for buyers to continue the incline to the targets above.
Zone 1 at 0.705 is imbalance 1, imbalance 2 is between $21.7 to 20.00.
What is the long term outlook?
The original idea
Where will our analysis take us next?
Bullish scenario - we will need to break the supply on the four hour timeframe to create a new all time high close.
on a Daily we are in a zone of rejection or creation.
Bearish?
If price falls from the high to our 4 hour trendline, then price can break or bounce
Extended target is price falling to the imbalance at $20
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
Pure imbalance trades - with further explanations on the graphs to understand.
Many thanks,
Team LVPA MMXXI
