FIB38 reversal is looking like a very big possibility after bouncing off my zone a few times, 2 things may happen due to the uncertainty of the war...1 - GN falls further to its long not seen low or it bounces back to the FIB38, whihc is 500 pips away...very slowly but possible.
A small analyisis of the week ahead, but also the weeks leading into march. Areas of interest as always shown on chart, please be instructed by the usual confluences; RSI, EMA and all the Fundamental you can find.
Ahead of this week we have a nice Tech line up with both long Fib38 and short Fib38, also area of interest showing huge potential also around that Fib38 barrier. EMA also indicating a possible bounce.
Possible sell already executed and analysed. Expecting FIB38 on reversal but please be cautious. Areas of interest are placed on the chart, please instruct either a buy or sell based on EMA and TL. Remeber, it's friday and Retail YOY has already been announced with a negative reading, EUR has to fall today and over the next week for sure. TECH AND FUND line up.
On the chart you can see my purple zones of interest, if the zone is hit please instruct yourself using EMA as either support or resistance and then use the TL to understand the uptrend or downtrend.
1.800 needs to break, missed 61.80% entry at London open. 15 min entry.
4H wait for consolidation zone to break for better entry. Very bullish 61.80%, TL's holding. If price breaks below consolidation zone, re-tests the TL, I will be short till 1.3500. 15 min for entries. (look at consolidation zone)
D- double bottom, 61.80^ fib 4H- liquidity zone, weekly high broken. (Channel resistance is minor) 15 min- look for entry London open!
Was waiting for price to hit 61.80% but it reversed from 31.80% Target 1.39500
I'm originally long on UC, but here is an analysis for bears. Support D/W TL was broken, being re-tested, currently sitting on W/M support, new weekly low. (possible sl hunt) Decent 200 pip trade, but be careful, trade your own analysis! My original trade setup (long) will be attached below!
Update, SL hunt on previous trade, but I always use alerts instead of sl's. This is just to avoid sl hunts like this. Decent R:R, will possibly see inverse H&S form. Good luck guys!