So price has pushed down and broken the 1hr ascending trend line. Price pushed back down into structure at the 0.618 fib level again. IF price continues to respect the top trend line of the descending channel we have broken out of there is a possibility we could see price break to the up side. Projected area is at the $0.59 level. However on the 4hr chart the...
We have been ranging around the $0.54 to $0.58 area, looking at possible break out ideas. Id like to see a clean break of the $0.59/£0.60 area / retest as confirmation that this area has really broken
I have been trying to get a better understanding of the waves in the market and seeing where other patterns come into play and can help give some confluence to the direction. Although we have had a very bullish close last week, what the chart is presenting me with is a very Bearish opportunity. Price has been consolidating in the channel and From what I can see...
Price has had a recent surge up to Daily Highs and looking at the daily time frame you will see the huge wick that was formed on the Daily close yesterday. Price has been moving in this descending channel for weeks and respecting the trend line. the last couple of days has been the first real break, is this a fake out, surge for liquidity or is this change of...
Price has come back up into the 1 hr price zone which is also got added confluence with the 0.618 fib from the 4 hr and is also at a Daily Key Level 1.618 inversion is the target at 147.550
Weekly time frame see price right at the tip on an ascending wedge, price has also lined up with the 0.618 at this level. Daily price is also in an area which is proving tough to break and has seen lots of exhaustion on the 4 hr
15min tekkers cross of EMA,the price retest with tweezer tops
Top Down : Daily price has had a cross of the EMA's and now came back to retest, previous daily candle showed signs of rejection 4hr price action has remained the current price zone, lots of wicks and what looks like an ascending wedge, bearish signs. 1 hr price has started to created lower highs Target is on the bigger time frame a retest of the 1.15886 level
618 fib from previous swing, respecting the descending 4hr trendline + lots of exhaustion on the 1hr time frame On the Daily, we have broken below and retested and rejected the ascending trend
Daily close below my price zone, 4 hr cross of ema and rejection. lower time frame 15m broken below 4hr trend line, cross of ema and retest of 4hr trend and rejection, target 113.300 long term view 109.00
Price has been respecting this descending channel for the past couple of months, we have see consistent lower highs and lower lows. Price is currently in a region where it could re test the higher end of the channel, if we see rejection around the 0.97900 level we could then see a further downside imo to the 0.95280 level which is the fib inversion of the recent...
Price has pushed down, retested and rejected / respected the ascending Trend line. We have been creating higher lows as highlighted. Price needs to break the Daily level of 1.31250 and ideally break and close above the daily trend lien to establish the change in trend. swing target of the 1.40440 level
Cable has been respecting the ascending Monthly trend line as highlighted with lots of Higher highs being created. This month not only was the ascending trend line respected and rejected with a very long wick, we also closed above the Descending trend line. on the lover time frames we have a strong 0.618 retracement on the Daily. I think we could see the pair...
EURUSD a bit more straightforward I will be waiting for a retest of the 1.14550 area as this offers the best rr for potential longs if we retest and reject this area. also have a couple of fibs lining up, the 0.618 and 0.382 well its clear to see its a strong magnet area for price looks like a candle shop with all the wicks
New month new candle close on the Higher timeframe. AUDUSD closed and rejected my Monthly key level. This along with the continued Higher high closes and continuing to respect the ascending tend line makes me think we could see a retest of the 0.8100 level. We also have had a rising 3 candle formation on the last 3 months (I think that s the name of the...
I don't trade Bitcoin but thought it was worth a look to get my head around the price action. Bitcoin has been in a very very Bullish uptrend. We have had a ABCD complete on the Daily. Price has respected the ascending trend line, we have come to a monthly High, tested and rejected creating a Double top. There are 3 possibilities: i) Price comes down,...
We have a few bearish signs on the DXY which lends its hand to my bullish outlook on the GBPUSD most obviously is the shooting star on the Daily rejection the Daily key level, we also have a 618 fib lining up with another key level at the 94.00 level