After multiple touches of this strong daily trend line, currently price action is being squeezed, after a most recent double bottom on the smaller time frame im waiting for the break so we know to look long rather than short, This daily trend line goes way back to april 2017 so another reason i will be expecting price to rise. Now its a matter of waiting for the...
after price action looking almost like it was going to break to the upside we have done the complete opposite. Price action has broken out of a daily structure support channel and now re tested that s/r line is now looking more likely price will go down. I have marked out the level in which id expect price action to reach.
after recent price action broke a large weekly and daily trend previously, we seem to be in a consolidation / ranging zone currently also known to us as a market correction. I will be looking for the long opportunity pushing price action up to a 3rd touch of the top of the range and then will look to short the market expecting the market to continue its overall...
Expecting price to go up with the previous strong support zone. We had a real naughty fake out more so taking some people out before continuing its original plan going upwards. I still expect to see this pair rise.
After the daily impulse out of the recent structure, id be expecting some sort of retracement to then capitalize on the next leg down back down into another support / resistance zone.
Higher time frame were clearly on the down trend making new lower lows and lower highs, currently on the 4hr time frame you can clearly see previous structure looking left has been broken , so were now waiting for the pull back and re test. the 50% fib lines up perfectly with an area i would look to get into this market selling for the continuation of the market....
on the larger weekly/ daily time frame we see price respecting a channel trend line currently sitting right on the bottom of it now. So on the daily time frame you can see we had 2 previous rejections, the third now confirmed as a morning star candle formation. What i expect to happen would be a nice rejection off this area price is currently at, id be looking to...
Looking at this pair on the higher time frames weekly / daily... looking left we can see its quite a previous strong level. After a good 3 rejections at this current level, most recent candle formation followed by a fib retracement of 74% which im currently backtesting i feel we can see the start of a reversal looking to go bullish overal. 1.06700 - 1.0700 would...
ok so we currently have had a large rejection from a bigger time frame looking left we broke support, support became resistance first time around, we then more recently had rejection number 2 confirming the resistance level. We have now broken the mid range zone in our larger " range" zone. Looking on the 4 hr time frame it looks that we may see a retracement up...
After a most recent large head and shoulders pattern breaking the neckline were currently at a level re testing that level. Looking on lower time frames such as the 4hr we have a 618 fib retracement meeting right back on that neckline level, we have had a tweezer tops candle formation confirming a change in direction. I would expect this pair to be going south...
looking at this pair on a daily and lower time frames i do think we will see this come down to a level. Looking at the most recent price action and also the rsi on the hour time frame. Head and shoulders pattern, if you look at the left shoulder on the rsi and now look where the right shoulder is you can see we have the bearish divergence indicating a selling...
After an impulsive break out of this pattern im expecting a small retracement of around 30 - 40 pips and id expect buyers to come back into this market to create a new Higher low and continue to make a new higher high so i will be waiting for this retracement in order for me to get into this trading opportunity.
After a breakout of this pattern, Im looking at the "cup and handle" pattern possibly playing out. Fib retracement could pull this down to the 618 also bringing it into a support and resistance zone which id look to take this long around this zone. I expect this to be a midweek trade with a daily decline to be expected.
Head and shoulders pattern at the top of a channel line identified on a larger time frame. Could we see a reversal here or a bounce to break out the channel. we should find out this week.
after seeing price action being rejected and falling this bearish pattern is looking to play out nicely Looking for more selling pressure and to ride this to the lower trend line.
with a channel confirmed with 2 touches of the trendline, i believe we may see a "fake out" this week and actually come down to a zone between the 50-618 fib level from previous swing low to swing high it lines up with a previous S/R zone where we could see long opportunities to go long.
After a head and shoulders pattern complete and a retest of the neckline it clearly looks to be more selling coming. After the most recent impulsive move down and the bearish pattern complete, id expect this pair to keep falling.