EURUSD CURRENT drop then bounce plenty of TP levels! LONG TERM PICTURE
EURUSD drop before rise! Many good good levels! Fibonacci confluence Good risk to reward
Backtesting strategy, 3 trades taken 1: 1.46% 2: 0.73% 3: 10.35% Total 12.54%
Price is showing us a little bounce of support from the previous overlap area, we are now waiting for the reversals from fibonacci confluence in the smaller moves for price to drop towards our key level of support.
We may see a drop to clear out some price imbalance before pushing higher
We see that Gold is showing some pullback, may be dropping towards the 61.8% fibonacci confluence, in line with both trendline. It is currently testing a support level which was previously broken, level still consider weak to me as imbalance are below.
Price may push towards either resistance and show us reversal patterns on the smaller timeframe before it pushes down to the support levels.
Seems like price is between key levels nearer to the resistance, im looking for short from the 1st resistance level. but for those who are a little risky can take the long towards the resistance
DXY might be making a pullback from its rally, looking for reversal near the trendline and finobacci confluence level as well as inst candle.
Very bullish the past few days with little retracement, however price broke the previous low and is currently testing the previous high, if it closes above, then we are still bullish but if it fails....
Break and retest of the recent trendline, may push lower. But if it breaks the descending trendline above, we are in a bullish move towards 0.92384
On bigger timeframe price is above the ascending trendline so thats my bias. Plenty of resistance can be spotted on the 2nd Resistance so that can be the ideal TP level
ETH has returned to the ascending trendline with price structure, action as well as Fibonacci levels.. Looking for a bullish bounce from here towards the next key area of resistance
Keep it simple, bullish trend, price retraced back down to 61.8% fibonacci retracement.
ETH has been so bullish in the past few candles, im waiting for a balance in the market before it continues its push up.