[11/6 Morning NZD] Moves within the range of 0.55901 to 0.56572, ends Thursday at 0.559 | Structure of the market seen on LIGHTHOUSE and the latest target prospects
LIGHTHOUSE (Light House)
Automate the “reading” of charts at a glance.
This discretionary trading auxiliary indicator displays the direction of higher timeframes and the current candle, updated highs and lows, pullback and bounce zones, directly on the chart.
1. Latest Chart: NZD 1-hour Chart (up to the close of November 5)
First, look at the current NZD on a 1-hour chart with LIGHTHOUSE applied.
・In the upper left, higher timeframes show “neutral” for the daily and “sell” for the 1-hour chart
・On the 5th at around 5 o’clockHH (near 0.56572) was formed,BOS・CHoCH lines are crossed while the price moves downward, and towards the right edge it has fallen to the 0.559 range
・Nearby price levels (around 0.5630–0.5640) showSupport/Resistance turning zones andPullback zones are displayed
Price ranges that tend to be watched (based on chart facts)
| 0.56572 | 5th high (around 5 o’clock). 1-hour HH |
| 0.55901 | 5th low (around 23:00). This day’s close was 0.55930 |
Other price ranges and near-term targets are communicated to buyers in messages.
2. Past Case: LIGHTHOUSE Signals in Action
Primarily historical cases.They do not predict or guarantee future price movements. By applying LIGHTHOUSE to the chart, two scenarios show how the subsequent moves might look after signals.
Case ① November 3 (Tue) Afternoon: 5-minute chart
At 15:45 on the 3rd (server time), a sell signal appeared. From around 0.562, the downtrend continued, reaching around 0.558 near the 0:00 hour on the 4th.
During the rebound peak,LH (lower high) formed,LL (lower low) andBOS appeared, continuing the downward trend. Later there were moments of pulling back from the low price area.
Case ② October 21 (Wed) Morning: 5-minute chart
At 9:30 on the 21st (server time), a buy signal appeared. From around 0.5676, the price moved and by the night of the same day (around 21:00) rose to around 0.570.
On the pullback,HL (low higher) formed,HH (high higher) continued. There were moments of brief declines in between.
※ Cases are selected to be easy to view. Not all signals move identically. Also, positions and conditions of signals are not detailed here.
What LIGHTHOUSE can show
・Display the direction of higher timeframes and the current candle in five levels at the top-left of the chart
・Automatically display the marks HH/HL/LH/LL and the BOS/CHoCH lines
・Display pullback/bounce zones, support-resistance turning zones, and range boxes
・Marks for peaks and troughs are confirmed before appearing and do not move or disappear later (no repaint)
・Terms are explained at the bottom-left of the chart for learning as you view
To those who purchase LIGHTHOUSE
Daily detailed price ranges and near-term targets are delivered via members-only messages.
・This article introduces historical price movements and does not predict or guarantee future price movements. Please make investment decisions at your own risk.
・Prices and dates are based on the BigBoss (demo account) MT4 chart (server time). They may vary slightly by broker.
・LIGHTHOUSE is an indicator to assist market analysis and does not perform automated trading.