WE See price creating ''lower highs'' and ''lowers lows''. Indicating shift of momentum to downside. also price did a 78.6% fib level from the previous lower high which in a key retracement level plus tested the liquidity 1.nice risk to reward 2. Ema crossover to downside and break of structure
Price has broken out of this TL, confirmed a lower low and is now on a resistance level at a structure, 50EMA and the 50 fib level. However it is Monday so I won’t be taking this trade, will look at PA tomorrow morning. This is a perfect set up though, before you take it wait for this 4H close.
Gold H1 - Still in consolidation, looking to see how we respond to this consolidation resistance. Bearish flag forming, but of course waiting for price action confirmation from resistance, or a support break and retest.
Hi. Terminal status during DXY drop period (61 1D bars): We observe that the Euro is relatively low compared to the Australian Dollar. It should be watched carefully. A mark should be expected on the trend line. When this sign comes, the long position can be evaluated. Regards.
Head and shoulders is forming. Like if you agree.
Please like if you agree. I appreciate all feedback.
Double bottom formed at the bottom. Candle closed above support on the daily chart. I believe we will go long for at least 100 PIPS. I have 4 potential take profits on the chart. Like if you agree.
long trade setup: Buy Order: 1873.21 Stop Lose: 1862.34 Target D1: 2015.57 Target D2: 2119.12 Target D3: 2198.00 Press Like to Support Me...
🔸 DAILY CHART ANALYSIS: . . 🔸Price broke the Descending Trendline. . 🔸Now, it is facing the Resistance Zone. . 🔸We consider that it has potential to make a short term downside move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS: . . 🔸Price bounced at the Weekly Descending Trendline. . 🔸It has broken the Support Zone and did a pullback after that. . 🔸We consider that it has potential to make a downsive move towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup.
AUDJPY D1 - Video Analysis coming through on this one in a second, but could be something we look to swing next week.
Currently waiting for the market to go bearish and retest the support and resistance and hopefully it goes down. Like if you agree.
I decided to republish this chart with a tightened up arc, and added some initial price zone/targets.