Waiting for either a break of the countertrendline or a retest of 0.775 Before entering a short position
Market Structure is KEY Still maintaining Uptrend Anticipating new HH or atleast a double top Target @ 113.7
Waiting for a break of countertrendline before entering Target @ 1.66
Break of Monthly Consolidation Retested on Lower TF Bullish Engulfing Weekly Candle TP @ 0.85 Quarter Point Confluence w/ 38.2 FibLevel
Not convinced DollarYen is ready to fall yet Currently Trading over 112.5 QuarterPoint We could see a retest and a push up to 113.7 Completion of Bearish Shark Pattern That is the price I will be monitoring for Bearish Entries Bearish Target @ 111.0
With a break of 1.68 Support Suggests that there still might be some more downside Momentum Bearish Target 1.66 Completion of Bullish Cypher Previous Post invalidated However, with a Monthly Closure of an extremely Bullish candle We can possibly anticipate a strong Bullish push Near the End of the Month Bullish target remains 1.7225
With NFP giving the Euro a little more life against the dollar We can see a retracement to 1.1845 - 1.187 Previous Post is still valid Additionally we got a completion of a Bullish Bat Pattern If one does decided to take a Long Position based on this pattern I advise to take to 38.2 TP1 only Will be monitoring PA at 1.1845 - 1.187 for signs of a bearish...
W/ the Monthly candle closing bearish engulfing suggests we can anticipate a retracement of the rally the Euro has seen against the dollar On the Daily TF we can see the formation of a Head and Shoulders pattern beginning to form the right shoulder On the 8H TF we can see price has almost formed a Bullish bat as it gets closer to 88.6 Fib level Will be...
We saw a break of our countertrendline to the downside Anticipating this will be a slight pull back for a continuation of the bullish momentum Will be monitoring Price Action at the 1.685 Monthly Candle closed extremely bullish and we could possibly see a break out of Monthly consolidation This new month Next upside target @ 1.725