1.Bullish environment. 2.Rejection of monthly trendline and 4H support. 3.Break of weekly countertrendline on 1H. 4.M formation on 4H.
1.Bearish environment. 2.Break of weekly countertrendline and retest. 3.Break of structure on 1H after the pullback.
1.Bullish env 2.Rejected MTL 3.Weekly Demand zone 4.Double bottom with bullish divergence.
Strong support breakout. Bear controls the market. Targetting sell at the end of correction. Ideally in the zone highlighted
Bearish biased on higher tf, weekly and daily. Strongly support by the ascending channel breakout on H4. We are expecting price to retest the area of sensitivity (1.128-1.129) Alternatively, pending order at 1.122 (inside bar candle on daily) PROFESSIONAL ARGUMENTS ARE WELCOME !! PUT YOUR COMMENTS BELOW THANK YOU :) SWING YOUR FREEDOM KINGS CAPITAL
Clearly shows the ascending channel has been broke. Bears in control. Wait for a pullback before we execute the orders. Entry at : - Zone highlighted - Fibonacci retracement - wait for price action in that area.
Strong buying pressure on higher TF Trendline (blue) breakout and wait for retest before we are going long. The ideal area for going long -trendline (red) -daily support area -61 fibo retracement And still, we need buying signal/price action in that area before we execute.
Strong buying pressure on higher timeframe. Trendline has been broke on H4. Waiting for price action in the resistance area before we are going for long.
price rejected at the daily trendline long candle formed at smaller TF price rejected at .61 fibo expecting a continuous downtrend
Currently there is no clear direction on this pair. If there is a rejection or price action on the trendline, I would go for buy. However if the price manages to break the channel, ill be waiting for retest and go short