1. Weekly resistance in D1.
2. Candle rejected from weekly resistance and hourly resistance of increasing channel.
3. Broken neckline of head & shoulder in 30min & 15min.
LONG :
1. Right shoulder forming in D1.
2. Bounce from daily support level.
3. Bounce from fibo 0.382.
4, Break the trendline.
5. Tweezer bottom above D1 support level.
Looking for SHORT :
1. Daily resistance up there.
2. Strong rejection forming in H4.
3. Rising wedge in H1.
*Wait for br3ak out and enter SELL position.
Short (since yesterday) :
1. Daily shows bearish momentum
2. Breakout of uptrend and retest done.
3. Double top
4. Elliot wave AB done, now towards BC.
Short :
1. Daily showed breakout of uptrend and retest done.
2. Possible harmonic pattern, towards CD movement.
3. Elliot wave AB done, now towards BC.
Possible Harmonic pattern :
1. Cypher pattern which we aim higher bullish momentum ( C higher than A)
2. Bat pattern which we aim lower bullish momentum ( C lower than A)
Buy now, Sell later.
Buy now - break of decreasing channel. End of AB move.
US dollar gained momentum yesterday.
Today might have a break before continue it's momentum.
Bias up for US dollar.
Short term SHORT.
Once bounces from fibo 0.618 then LONG.
8th of May will be NFP.
Be careful guys. :)
Reason for buy :
1. Break resistance and now retesting new support.
2. Bullish engulfing pattern on new support in 30min chart.
3. Bounces from fibo 0.618