1) Trend line break + moving average crossover 2) Predicted move to reach 38.2% Fib level at a price of 151.906
-Multi-year high retest -Clear kangaroo tail printed on a major resistance zone
1) Hammer recently printed- 2) Recent candlesticks portraying bulls failing to maintain bullish momentum. 3) D1 Fib levels indicating pullback to reach 0.618 level at a price of 1.20901 4) 3rd trend line bounce on upward trend line
Price Action is at monthly resistance Likely to respect the 78.6% Fib level Further confirmation is provided by the trendlines
-Fib levels completed (D extension) -Price level is at a minor zone (Blue line) -PA likely to respect trendline and minor zone
-Trendline break + Moving average crossover -Strong recent bearish candlesticks -Risk:Reward = 1:1 (Too low) -Risk % = 4.3% (Too high)
-vening star formation -trendline repected as both resistance and lastly as support after breakout -Moving average crossover on 30 mins timeframe -PA anticipated to retest thethe 38.2% Fib level and the daily uptrendline -Risk % = 2.5% -Risk:Reward = 1:2.3
- Price action is on a major resistance zone - Price forecasted to respect 61.8% Fib level
PA currently on 0.618 Fib level -Anticipating formation of C -Further confluence provided by short term support trend-line -More confluence by previous broken trendline
-PA finding Support on 0.786 fib level -New lower low formed -Inside bar candlestick -PA heading to the down CTL
-Kangaroo Tail Printed on 50% Fib level -PA respecting newly formed trend-line -New lows might be formed
-PA respected 0.618 fib level -PA likely to retest trend-line -Use 2H for perfect entry
-PA finding resistance on previous broken trend-line + 2nd bounce -PA respecting 0.618 fib level -New lower high is forming -PA heading to the previous broken trend-line for support
-Overall bearish move on Monthly chart -Hammer look-alike printed on weekly zone (Weekly chart) -0.236 fib level is minor zone and shooting star has printed -PA is likely to retrace shortly to the CTL
-PA at weekly zone -Kangaroo Tail look alike printed -Doji signalling a reversal -R:R = 41.5pips:60.2pips = 1:1.45
-PA not on a zone -Monitor PA around the triangle formation -Watch out for trendline break to outer trendline opportunity may be presented on the 3rd bounce of the CTL (counter trendline) -Break of the top or may result in new higher highs -Break of the bottom side of trendline may result in new higher lows
-PA 3rd bounce on 4h trendline -PA has formed a lower low, likely to form a lower high -PA not on a zone but there is a short term opportunity Doji printed on trendline -Daily (thick blue) trendline was broken hence PA retesting the trendline as support -R:R = 145.6pips:101.1pips 1:1.44
-3rd bounce on the Counter Trend Line -Further retest confirmed by the 0.618 Fib level -Break outer trendline signals new lows -PA likely to form a new lower high -R:R = 96.3pips:171.6pips = 1:1.78 = 1:2 (rounding off)