Price seems to be correcting forming a reversal pattern. With CPI coming later on l'd be cautious with my trades.
Price formed a double bottom on a support zone this confirms a bullish bias.
Price formed a double top on a resistance zone, this confirms that the dollar will weaken. Short term or long term is the question?
Price is currently moving in a symmetrical triangle, we'll have to wait and let price develop.
Price has just broken the support zone and price did so impulsively, will be looking for sell setups in the coming week.
Price has reached the support zone, but failed to break through it. The next point price will retrace to is resistance before giving us a clear sell.
Price tested the resistance zone for the third time, but it did so impulsively in the 1HR timeframe, but on the bigger timeframes a continuation pattern to the downside is almost established. I will be looking to sell once price breaks support.
Price has already broken out the pattern, which means the reversal is already at play. An entry approach would be a buy stop.
Price tested the resistance zone in a corrective manner forming a bearish continuation pattern, this confirms to me that price is still going bearish. PPI is to be released in less then 20 minutes and this will surely move the market.
Price was dropping since Wednesday, but the move was more corrective then impulsive which confirmed to me that price is still in an overall bullish trend. And PPI will be released in less than 30 minutes, the result will surely have an impact on the market.
Price corrected towards a resistance zone and formed a rising wedge which confirms to me price will still continue downwards.
Price now reached a point of reversal after moving bearish for some time. The next move is for price to move bullish making HH.
Price is still currently in a correction, but once price breaks out the structure l expect more sellers to enter the market.
After price moved bearish impulsively, price started correcting forming a continuation pattern to the downside and broke it. My prediction is price will continue to move bearish.