BlueNoteFx
Thought: What if we actually break north? What if price continues to drop? My Overall Bais: Bullish Confluence: 3rd bounce of Daily black TL. Confluence: possible break of the H4 blue TL. Confluence: price laying on 61.8% Confluence: RSI (waiting for Tuesday) Scheduled Trade: No trade Monday: NO Tuesday 3AM EST: TBD based on confirmation check list. Note:...
Monthly analysis -Price Rejected off monthly resistance -MA's Cross -RSI Bullish (over 50%) Weekly analysis: -USD is overbought Last weekly candle rose est 180 pips -Looking for Impulse leg -RSI: Overbought Daily: -Multiple MA crossovers signifying volitilaty -Looking for an impulse leg to swing +200 pips (Leg B) -RSI Overbought Overall Short Term...
Im going to give a play-by-play on MONEY moves. this is an opinion. remember markets can be unpredictable, but the skillset I've acquired allows me to have a higher education with the flow of monies. *Black Lines- "trend line" it supports the trend of the market (up or down) Bullish or Bearish *Blue Highlighted lines: This is where price has been and gone close...
Technical Analysis- if you don't understand. Just ask. Thanks, BlueNote FX
I would look to continue rally north. Unless we can have a clear short south. Aggressive "turbulence" around $1.35. Multiple retest and shorts, However in this scenario. I like our odds on a rise. Personally, I feel price has to have a reason fundamentally and technically to drop and retest 1.32-1.30 again. Also I like the rejections off of the trend line. Do...
Weekly: Weekly .7500 broken, melting south. Daily: Market close 5/12. Retraced off 61.8% (Closing price estimate-.74800) Bais: SHORT. Headed toward Daily support. BueNote Tip: -Trade Impulse legs -Possible jump North for market open then trend continuation Character: Slow, Profitabe.