61.80%/ liquidity zone.... Trying new way of analysis, be cautious with your trades please!
retest to 38.20%, if fails, 61.80% and expect a reversal.
D- shorting on a re-test, 38.20% first target, if fails to support, 61.80% will be our second target.
W- Bearish trend broke, new HH and HL. D- TL broken, would like to see a re-test on TL which is also 38.20% fib. / Currently at previous supply zone (re-testing)
D- Back in consolidation zone, HH's and HL's formed, previous structure broken. 4h- 61.80% fib re-test!
W- 38.20% fib retest, HH's & HL's. D- Bullish engulfing if today's candle closes at the current price or higher.
Second position D- Currently at monthly resistance, forming new support. 4H- 38.20% fib re-test, demand zone!
Uodate* Oct W- three weeks of consolidation. HH's & HL's. D- Price came back to retest consolidation zone, 61.80% fib.
W- three weeks of consolidation. D- Consolidation zone broke, re-tested/ closed. 4h- Currently at consolidation zone's resistance level, might fly up to 1.275. Awaiting on fib retest to at least 38.20%.
61.80% fib re-test/ previous consolidation zone re-test as well.
USDJPY Update* 4H- Formed a resistance on 108.224 zone but blew passed it! Also hit 38.20% fib zone! Same TP as my original setup!