Still seeing some short term potential sells. We've rejected the 100MA, the descending trendline and the 0.618 FIB
New higher highs and higher lows forming, several rejections off the ascending trendline, as well as the 0.618 FIB
Several touches and rejections of descending trendline as well as 0.786 FIB
Several touches and rejections of the ascending trendline. Most recent rejection lines up nicely with the 0.618 FIB. New higher high formed with several higher lows.
Rejection of descending trendline and 0.78 and 0.71 FIB. Closure below the 50MA on the 1hour.
Still in a downtrend with several rejections of trendline, creating new lower highs, failing to make higher highs. Perfect wick rejection of the 0.618, which lines up nicely with the 50MA, descending trendline and the resistance area.
4 HOUR - Rejection of the descending trendline, 100MA, 200MA and the 0.71 FIB. Failure to close above the resistance.
Break of descending trendline, forming new uptrend, creating new higher high and higher lows. Rejection of ascending trendline and 0.5 FIB
Nice wick rejection of 0.71 FIB and descending trendline as well as rejection of the 100MA
Break of descending trendline, forming a new uptrend, creating higher lows and higher highs. We have seen some GBP strength this week so hopefully this will continue. Risk to reward ratio of 1:3
Rejection of the descending trendline and 0.50 FIB. Rejected the 100MA on the 1hour.
Rejection of ascending trendline and 0.5 FIB. Also rejected 50MA on the 1 hour. Nice small stop loss for this one with an open TP.
Break of descending trendline, creating a new ascending trend, forming new higher lows and higher highs. Nice rejection of 50MA and 0.71 FIB
Failure to create a new higher high, failed to close above the previous two resistance areas and descending trendline. Entry likely around the 0.618 FIB area if it rejects
Double bottom, new higher lows forming, looking for a buy back up to the 50MA at least. 0.618 FIB lines up nicely with the ascending trendline which price is currently rejecting.