Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys. Confluences are: 1. Daily 50EMA touch 2. Nice break and retest of S/R zone 3....
This pair offers POI which crosses 2 DTLs and daily 50EMA. Will enter only if there is good rejection candles like last short off the last high. Dont like the upward momentum, so be careful with this setup.
GA has formed triple bottom off major support zone, that can be seen on 4H. On daily frame price can eventually form H&S, which supports longs for short term. Riskier entry is right now and more conservative entry is if price brakes through 4h 50EMA and DTL, and then on the retest.
JPY has made some serious moves last week so now I expect some pullbacks and this pair offers good point for entry. Basically, price is on the bottom of the descending channel, it stopped on major S/R zone with 4H hammer candle. Tbh this is very risky trade but it's very tempting.
Its going to be good if we see some consolidation until the price comes either to ATL or 4H 50EMA
CADCHF just reversed the trend bcs of the HLs and HHs and broke previous highs so now on the retest of this zone we have: 1. recent zone of S/R 2. 3rd touch of ATL 3. 4H 50EMA reacting as support 4. 61.8% fib level For entry we need to see some rejection candles off this zone and then the setup will be complete and ready for longs with good RR
AUDCHF pullback to TL, fib, previous high and zone of S/R for long position. TP is eventually to -27 fib or little bit lower to next zone
EU was in range for a few days and finally brokes to the downside. We know that when the range is broken, TP is the duplication of the range. In this particular case, the duplication correlates exactly with 1.11200 which is MAJOR RESISTANCE level. If the price reaches around 1.11200 level, I will look for candlestick signal to BUY!!
Price sits at a psychological level of 1.3000 and can push back to 1.30800 to create right shoulder of H&S formation. For now i will observe pair